Investments

To achieve your long-term objectives, it is important that you invest your hard earned money wisely and contribute to your wealth strategy on an ongoing basis through developing a habit of saving. At Concord Private Wealth we can advise you on how to invest your hard earned money.

There are numerous ways to invest – shares, managed funds, exchange traded funds, direct property etc

We only focus on one way to invest, and that happens to be one of the easiest. Managed Funds.

Managed funds are where your money is pooled together with other investors. An investment manager then buys and sells shares or other assets on your behalf. From there you are usually paid income or ‘distributions’ periodically. The value of your investment will rise or fall with the value of the underlying assets.

So basically its a way for you to outsource your investment decisions to a team of experts. You have to think too, that some of these funds managed hundreds of millions and even billions of dollars. Their investment teams and their access to resources are staggering. You have to think that when managing that much money, that you need to have the personal, knowledge and systems in place to do this successfully.

The beauty of managed funds too is you dont need to worry about the day to day investment decisions. If you were to invest in shares yourself, you would need to have access to research, the knowledge to analyse their financial statements, as well as keep on top of company announcements, capital raising’s, rights issues, financial, whilst also taking into account various trading strategies. I’m assuming you dont have time for all that, and neither do you want to.

Managed funds can be a good investment as they:

• Offer diversification
• Can access a broad range of assets or markets with a relatively small amount of cash
• Allow you to make regular contributions
• Reduce paperwork and make completing your tax return easier

It’s very likely you already have a managed fund – your Super account.

Managed funds can be setup either outside of Super or inside Super. Hold and account outside of super will provide more flexibility, and can work in tandem with your other goals too – eg reducing debt.

There are all types of managed funds out there, and as you would expect some are better than others. Some also cost more than others. They also employ various investment strategies and have different investment mandates (what the fund manager wants to achieve). This is where we can help you implement a great managed fund, and tie that into your financial goals. It is also important to constantly review what is happening with the fund and its performance.