“I made my first investment at age eleven. I was wasting my life until then.”
– Warren Buffet –
We all want to build future wealth for financial security and a more comfortable lifestyle. Investing can be complex, with an overwhelming amount of investment options to choose from. It is therefore important to seek out professional advice before committing to an investment plan.
This is where the experts at Odyssey Financial Advice can help. We make sure that your investment plan uses a suitable strategy to achieve your financial goals, while taking your personal circumstances and risk tolerance into account.
Investment planning focuses on identifying tax effective investment strategies, with consideration to an investor’s appetite for risk and overall financial goals.
There is an immensely broad palette of investment options available in the market place, each with different risk profiles for both capital and income.
Choosing an appropriate investment strategy is not easy. This is especially true when you have limited knowledge of how to go about investing, or which investment types may suit your personal goals best.
There are many different structures that firstly need to be taken into consideration when building an investment portfolio, this can include;
- Personally held
- Superannuation
- Trusts
The appropriateness of one investment structure over another can depend on a variety of factors, how accessible you want the funds to be, whether tax efficiency is important to you, and the preservation requirements of the funds and what you would like the funds to achieve for you, to name a few.
After the appropriate investment structure (or structures) have been identified, building your portfolio and it’s underlying investments can commence. Generally we categorise investment selection into 5 broad categories;
- Cash and Term deposits
- Bonds and Annuities
- Property
- Australian Shares
- International Shares
Which investments, and what proportion of your portfolio these investments should hold is dependant on what you want to achieve, and your tolerance for risk.
