Planning your financial future can now be done with ease and you can have the security in the belief that we have the right advice for you. Browse through our site and find out how we can help you secure your financial future. Why Do I Need to Think About My Finances? Seems like a silly question, doesnt it? Maybe so, but have you really wondered about this? Have you ever asked yourself this? Many people take it for granted that they know the answer to this important question, but dont actually take the time to consider what the answer actually is. This is why it is important to think seriously about what you need to do to guarantee your financial security. Talking to a financial advisor will do more that put you on the right track, it will help you begin a lifelong plan to protect your future. It will ensure that you will always be secure in the knowledge that you can support yourself and your family. There is no excuse to put it off any longer. How Can Financial advisory Services Help? Financial advisors can help ensure your funds are invested wisely, and that your financial future is protected. This task is extremely important, and should not be overlooked. Investing is extremely important on the road to securing your financial future. There are many different types of investment, with different risk factors and various return capabilities. It is important to be familiar with the different choices that are available to you so that you can make informed decisions about your future. Ask your Financial Advisor about the choices that are available to you and also visit personal finance and investments section on Apnawealth.com. Want to learn some of the common myths about investing? Some Common Myths About Investing I dont have enough money. Once you start managing your finances, youll find that you will have more control and more possibilities for investment. You can always save a little, even over a period of time. Here are some hints for effective saving: 1. Aim to put away around 10% of your income every payday and forget its there.
2. If you're employed, maximize your superannuation or employment benefit.
3. Set up a bank account or investment program that automatically transfers money from your account, it is easier to control and monitor. Im too young. No! No! No! The best time to begin investing is when you are young, even if it is a small amount, it is important to get to know the market and how it works. The earlier you begin, the longer and therefore more effectively your investments will work for you. For example, if you wanted to retire at age 55, as many do, and you begin saving at age 30, you have to save 42.9% of your income, if you begin at 40, you must save 48.2%, if you begin at 50, you have to save 106.6%, which is impossible if you havent already begun! The earlier you begin, the less impact it will have of your lifestyle. Growth is your primary objective, and a certain amount of risk is tolerable. This is the learning stage, time to test the waters! The typical attitude. The simple fact is, people are living longer and retiring earlier, and many are forced to retire early due to illness. In 1965, the average retirement age was 65 and the life expectancy was 73, in 1995 the average retirement age was 60 and the life expectancy was 84. That is nearly three times the retirement time of 1965! Nowadays, when you retire, you dont simply need security, you need growth, your investment return is your income. Surviving on your superannuation alone would be like living off less than a third of your current income. What about the risk? Yes, there is some risk involved in investing, but the fact is that the general trend of the share market is positive. It may go up and down like a yo-yo in the short term, but in the long term, it is more than likely that your investment will gradually accumulate. The average interest on shares is considerable higher than in banks and term deposits. Even if your savings are earning 5 percent and the inflation rate is 3 percent your buying power is only growing by 2 percent a year. Over time, investors have earned more with stocks than with other kinds of investments, an average of 12.6 percent a year. A difference of 10.6 per cent per year.
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