Saving is putting money away to reach a short-term goal, such as going on holiday or buying a new car.

Investing is putting money away for a longer term, in order to earn interest or increase its initial value.

To understand the basics of investment it is important to consider the following:

• What will you invest your money in?
• Are you investing for a short, medium or long-term period?
• What level of growth do you want and what level of risk are you comfortable with?
• How will inflation affect your final balance?
• What can past performance show you about the potential growth and risk of your investments?

A qualified financial planner can help you examine the range of investment options available.

AustralianSuper provides you with access to an Industry Funds Financial Planner.