The chances are, you’re already an investor whether you know it or not.
In this short video (2.14), Jeff from AMP explains that if you’re a paid worker in Australia, you most likely have a super fund and your super money is probably being invested in multiple asset classes.
While you may not be looking at your super day-to-day, the investment managers within your super fund are.
Watch this short video to get up to speed on the basics of investing, what your super fund does behind the scenes and which asset classes could be helping you to grow your money further.
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For more information:
- Access our Investment basics education module
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About this video
In this video Jeff from AMP shares some insights around investment basics.
Investing is generally putting some money aside or buying assets, with the aim of generating an income or growing its value, or both, over time.
And, chances are, you’re already an investor – whether you’re actively involved or not.
For instance, if you’re a paid worker in Australia, there’s a good chance you have a super fund. You may not be looking at it every day, but your investment managers within your super fund are. They are there to help you save for your retirement.
Your super fund could be investing in several asset types for you, such as shares, fixed interest, property, or cash.
If you have a home loan or own a property, this is another form of investing. Even if you have money in a bank account and it’s earning interest, that’s an investment in cash.
There are other ways you can invest too. You can trade shares online or go through a broker. You could also go into a managed fund, where your and other people’s money is pooled together.
The managed fund may be able to access certain assets that you can’t, or hold and trade hundreds of different types of assets to help you diversify your investments.
There are all kinds of managed funds and this can be inside or outside of super.
How you invest really depends on your own personal goals, so consider your circumstances before deciding what’s right for you and remember past investment performance is not a reliable indicator of future performance.
Your goals could also change over time, as you change. So you can feel confident you’re making the right investment decisions to grow your wealth, you may want to speak to a financial adviser.