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How much money do you need to start investing?
Investing your money can help you make your savings work harder for you. And now may be a good time to consider starting an investment portfolio especially if you find your disposable income has increased. Importantly you don't need a large lump sum to get started.
From the experts
When you invest a set amount at regular intervals, you benefit from 'dollar cost averaging' which can help smooth out your returns by insulating you against changes in the value of the assets you are investing in.
What you need to know
One of the easiest ways to build your investment portfolio is to simply keep adding to it on a regular basis. With a regular investment plan you can start small and build your investment over time. And by putting money into an investment portfolio rather than a savings account you could earn a higher return.
For example, with an initial investment of $1,000, and by adding as little as just $100 a month, you can start a regular investment plan into a managed fund or superannuation. Assuming you earn an average of 7% each year on your investment, after 10 years your investment will have grown from $1,000 to $16,000.
Count on us
A Count adviser can help you:
360 Financial Group ABN 61 401 351 286 provides its financial planning services as an Authorised Representative of Count. 'Count' and Count Wealth Accountants® are the trading names of Count Financial Limited, ABN 19 001 974 625. AFS Licence Number 227232, a wholly owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. Professional Partner of the Financial Planning Association of Australia Limited.
Please note any taxation or accounting services are not endorsed nor the responsibility of Count Financial Limited.
The information on this web page is not advice and is intended to provide general information only. It does not take into account your individual needs, objectives or personal circumstances.