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Investment strategies - keeping pace with changes in your life
Your retirement may seem a long way off, however, there’s no better time to start saving for when you stop work, than right now.
And one of the most tax effective ways to save for retirement is
through super.
There are many ways to potentially ‘boost’ your super savings. One way is to ensure the investment strategy you have in place is appropriate.
If you have a number of years to retirement you may wish to choose a more aggressive investment strategy.
This might mean choosing investment options that are mainly made up of ‘growth’ assets, which are:
- international shares;
- Australian shares; and
- property.
The investment returns achieved by these asset classes are generally more volatile in nature, however over the long term, returns are ‘smoothed’ and generally higher than conservative asset classes.
Remember: Superannuation is a long term investment.
If you have only a few years to retirement, a more conservative approach to investing might be more suitable. ‘Conservative’ assets classes include:
- fixed interest; and
- cash.
There are a number of ways for you to increase your current level of super contributions.
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Further Information |
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