Top Tips to be like Australia’s most savvy investors

This year and last have seen steady growth in the number of everyday Aussie’s willing to have a crack and get stuck into their investment portfolio - for the first time in many cases.

While we have seen massive opportunity open up in property acquisition of late, as well as a massive surge in Australian cryptocurrency ownership; for many, dipping their toe into the pool of investment still comes with some hesitancy. 

Research recently released by Finder shows the average Australian investment portfolio size is $31,613, but there are a growing numbers of Aussies who are managing to invest more and build their wealth faster. Data from one of Australia’s largest investment platform providers Netwealth shows there are a growing number of ‘emerging affluent’ investors who have an average investment balance of $716,352. 

Yep. That’s 21 times the average Aussie investment portfolio. So just how do they get there?

Stay Within Your Budget

Well, the most important factor and one we make sure our clients understand fully, is to only invest within your means. This may sound obvious, but without financial advice, many assume their means are much wider than they truly are. Working with a professional gives you the upper-hand on leveraging the right choices for you and your situation, making sure you are staying within a pre-planned investing budget.

Get Involved

The second factor is to be fully involved with your investments. For many, dabbling here and there is an attractive option as it proves to be less time-consuming and more of a hobby. This is where many casual investors simply lose money, as they do not become fully involved enough to learn the market they’re entering. Investing is a game of sorts, and practice is paramount. Having the support of a trusted professional helps navigate the learning stages more gracefully, setting you up for future success.

Factor in Personalisation

The third tip we can offer is to make sure your investments are a reflection of you - your goals, future, interests and current situation; rather than simply following the trends of the moment. 

You could buy a property that grows strongly in value but doesn’t fit in with your other lifestyle goals. Perhaps you are looking to start a family at the same time, requiring some time off work. After time, you may find your lifestyle no longer fits well with making mortgage payments, despite it seeming like a smart investment at the time.

All in all, investing can take a while to get your head around, but we can help you get the hang of it much faster. 

If you’d like to discuss your finance options, click here to schedule a call with Stuart Bayliss.

Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.