Building wealth for the future
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.
A Financial adviser can help you:
- Set up a regular investment plan
- Help guide you on where to invest your money