Start investing in four easy steps
Here are our four steps to kickstart your investing voyage.
1. Set your goals
First things first, it’s crucial to work out what you want to achieve. Is it to buy a new car? Are you saving for a house deposit? Perhaps you’re investing on behalf of your child or saving for a holiday.
Once you establish what your objectives are, you can start to understand what it will take to reach them.
2. Know your timeframe
Once you’ve set your goals, next you can start thinking about when you’d like to achieve them by. The timeframe of your goals will determine how long you invest your money for and when you may need access to it.
Some timeframes can be short. For example, saving for a new car or a holiday are likely to be short-term investments. Meanwhile, some goals require longer timeframes. If you want to put money away for a child or family trust, you may not need access to that money for 10-15 years.
It’s important to remember that your goals are unique to you. There is no one-size-fits-all approach when it comes to investing your money. So, take the time to understand what timeframe will suit your goals.
3. Understand your risk profile
With your goals and a timeframe now established, getting to know your risk profile is the next step.
Your risk profile determines how comfortable you are taking risks with your investments. There are a lot of different ways to invest your money. And every investment option has a certain level of risk attached to it.
If you’re unsure what’s right for you, our investment style selector can help you understand your options.
4. Managing your investment
Finally, it’s vital to know how you’ll manage your investment. This determines how much control you have over your investment and choose what to invest in.
There are a range of options to consider. And your knowledge of investing and your personal situation will likely play a role in this decision.
If you’re new to investing or unable to actively monitor your investment, you might prefer for a professional to manage your investment. If so, consider a managed fund.
On the other hand, if you’re a confident and experienced investor, you may opt for a more hands on approach, such as investing directly in shares through Bendigo Invest Direct.
For more helpful advice, check out our Education HUB.
A Wealth specialist can help guide you. Make an enquiry today.
Risk vs return
All investments carry risk – even investing in cash. Market conditions, inflation, changes to interest rates and economic downturns can all have an impact on your investment.
Why invest in a managed fund
A managed fund is a professionally managed investment portfolio that pools your money together with the money of multiple investors. An Investment Manager then buys and sells shares or other assets (property, cash, bonds etc) on your behalf.
An investment strategy is what guides your investment decisions. It is based on your future income or capital needs, how long you want to invest for, and how much risk you can live with.
Sandhurst Trustees Limited ABN 16 004 030 737 AFSL 237906 (Sandhurst) is a wholly owned subsidiary of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879. Each of these companies receive remuneration on the issue of the product or service they provide. Sandhurst is the responsible entity and issuer of the managed funds available on this website, and is also the trustee and issuer of the Bendigo superannuation products. Investments in these products are not deposits with, guaranteed by, or liabilities of Bendigo and Adelaide Bank and are subject to normal investment risk, including possible delays in repayment and loss of income and capital invested. Before making an investment decision in relation to one of these products you should consider your situation and read the relevant Product Disclosure Statement available on this site.
Sandhurst is the issuer of the commercial lending products and the provider of any traditional trustee services available on this website. The Bendigo Funeral Bond (“the Bond”) is an investment product issued by Australian Friendly Society Limited (“the Society”), ABN 29 087 648 851 AFSL 247028, with benefits provided by the Society’s Funeral Benefit Fund established under Schedule 1, Rule E of its constitution and administered by Sandhurst. The Travel Protection Plan is issued by AIA Australia Limited ABN 79 004 837 861 AFSL 230043. The Society is associated with the Bank and its related entities. Neither the Bank nor any of its related entities guarantee the repayment of capital invested or the investment performance of the Bond. Information is correct at the date of this document and is subject to change.
The content on this website has been jointly prepared by Sandhurst and Bendigo and Adelaide Bank and contains general advice only. Advice in relation to superannuation and managed investment schemes is provided by Sandhurst and advice in relation to life risk insurance is provided by Bendigo and Adelaide Bank. It is provided as general information and must not be relied upon as a substitute for financial planning, legal, tax or other professional advice. The information is given in good faith and has been derived from sources believed to be accurate at its issue date. Neither Sandhurst nor the Bendigo and Adelaide Bank give any warranty for the reliability or accuracy or accept any responsibility arising in any way, including by reason of negligence for errors or omissions for the information contained on this website. The information contained on this website is subject to change without notice. Neither Sandhurst nor the Bendigo and Adelaide Bank has an obligation to update, modify or amend this website or notify you in the event that a matter of opinion or projection stated changes or subsequently becomes inaccurate.
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The Leveraged Equities Margin Loan, Investment Funds Multiplier and Direct Investment Loan are issued by Leveraged Equities Limited (ABN 26 051 629 282, AFSL 360118) as Lender and as a subsidiary of Bendigo and Adelaide Bank Limited (ABN 11 068 049 178 AFSL 237879). The information on this website contains general advice only and does not take into account your personal objectives, financial situation or needs. This information does not constitute financial or tax advice. We recommend that you obtain your own independent professional and tax advice on the risks and suitability of this type of investment and to determine whether your interest costs will in fact be fully deductible in the current financial year in your particular circumstance. Terms, conditions, fees, charges and normal lending criteria apply. Please consider your personal circumstances, consult a professional investment provider and read the Product Disclosure Statement (PDS) and Product Guide before making an investment decision. To obtain a copy of the PDS and relevant information please call 1300 307 807, visit www.leveraged.com.au or contact your financial adviser. Not suitable for a self-managed superannuation fund.