The term ‘Invest’ creates an image of men in suits shouting at screens with numbers constantly changing from green to red, real estate agents trying to flip penthouse properties in the city and the odd young mathematical genius building a fortune in his parent’s garage. The truth is every single one of us have invested at some time during their life, whether it be through your superannuation or simply electing to put money into a bank account. As society has advanced, so too has the range and ability to invest increased. The introduction of the internet and apps such as Acorns has removed the barrier of entry to new types of investing for many Australians, the only issue is we don’t know too much about them.
What Kind of Investment Options Are There?
Over the years investing has gotten ever more complicated, and continues to do so as more financial mechanisms are created and large investors find ways to bet on which way the market will move. I’ll touch on some more complicated investment options in later posts but for now I’m going to focus on the 4 main types of investing that many of you might be familiar with, or at least heard about in passing. Those options are:
- Fixed Interest
Investments across these 4 types of investments is predominantly where most of your average Australian will hold their money. These investments fall into 2 categories: Defensive & Growth assets. A great site for small businesses by the name of The Money Edge produced a nice article giving a great breakdown of the 2 separate categories however it really is a complex idea that stretches far and beyond the information that’s contained here.
Investing is potentially the most complex and subjective area of finance. There are a number of competing ideologies regarding the best way to invest, and so many different options for people these days that it really does take professional advice to build and maintain any sizeable portfolio. I will be posting more information in the near future about different methods of investing and ways that you can get into the market but if you have any urgent questions or would like to know more please don’t hesitate to contact me and I’ll assist as best I can.
Please note that Get Finucated is not a Financial Adviser and the information contained on this website may be considered as general advice only. That is, your personal objectives, needs or financial situations were not taken into account when preparing this information. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances.
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