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Investment basics
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. More ...
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