Investment

The development of short and long-term investment strategies

Every person has goals and ambitions. The challenge is how to achieve these. The first step is to see a Bendigo financial planner who with you will work out a financial plan that meets your needs and goals, then implement this plan. That is your personal investment strategy.

The development of wealth creation plans

A financial plan needs to consider a person's current and future circumstances. Therefore, at least two meetings are usually needed to develop the plan. Once your financial planner completes a plan, and this is implemented, time is then necessary to achieve its financial benefits.

The development of your superannuation plan

Every person needs to have cash flow when they stop work. Superannuation is a way of ensuring that you have a cashflow that meets your lifestyle needs in retirement. The current tax benefits allow you to accumulate investment savings over time.

You should ask your financial planner the following questions:

• Am I contributing enough to super?
• Am I receiving the best return?
• Do I have the correct investments for my age?
• Do I have the correct selection of investments?

If you do not, your superannuation wealth accumulation will be slowed and value lost. (Contact your Bendigo financial planner or complete the Bendigo Personal Assessment Form before the financial planner meets you).

Investments by regular savings

Regular savings are called dollar cost averaging. This is an excellent way to accumulate wealth by regularly placing a committed amount of your money into specific investment(s) that meet your needs and goals. Your financial planner can advise you which investment(s) and what the likely financial outcomes will be over time.

Borrowing to invest

Borrowing to invest is a process that allows an investor to gear his/her investment using borrowed money (eg. you invest $10,000 of your own cash, borrow $90,000 on a personal asset (eg. house/land) and then invest $100,000). The interest on the loan is tax-deductible each year. Your investment growth is on $100,000 rather than the $10,000 of your own cash. However, there are risks in this process. You can experience capital losses as well as gains, so you should discuss this investment strategy with your financial planner.

Maximising your retirement cash flows

Maximising cash flow in retirement can be difficult. A financial planner can review your total current financial position, and then make a recommendation on the best way to acheive your retirement cash flow needs.

The Investment in direct shares and portfolio management

You may wish to purchase shares. We provide a service via a major sharebroking house.

Social security planning as it impacts on your investments

If you are receiving, or wish to see if you can receive, a benefit from the Department of Social Security, Bendigo Financial Planning can help provide this service. In many cases with correct asset allocation into appropriate products, Customers can achieve financial support from the Department of Social Security and, in some cases, increase pension entitlements.