It’s important to think about the future – whether it’s protecting your family, income and assets, boosting your superannuation, optimising your investments, or planning your retirement.
We spoke to Tony Dimitrovski, Senior Financial Planner from Commonwealth Financial Planning about how much risk to take when investing.
“Investing is different to simply saving money, as both your potential returns and losses can be greater. As a general rule, the more money you stand to make, the more you stand to lose,” says Mr Dimitrovski.
“There are a few key things to keep in mind when deciding what level of risk you are comfortable with. Such as, when you will need your money and can you comfortably watch your balance go up and down. A financial planner can help you understand the mix of investments that’s right for you, starting with a simple conversation.”
Brought To You By Commonwealth Financial Planning
This information contains general advice. It does not take account of your objectives, financial situation or needs. You should consider talking to a financial planner before making a financial decision. This video has been prepared by Commonwealth Financial Planning Limited ABN 65 003 900 169, AFSL 231139, (Commonwealth Financial Planning) a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. Financial Planners are representatives of Commonwealth Financial Planning. Information in this video is based on current regulatory requirements and laws as at 24/08/2017, which may be subject to change. While care has been taken in the preparation of this information, no liability is accepted by Commonwealth Financial Planning, its related entities, agents and employees for any loss arising from reliance on the information.