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I have 50K that I want to invest into a managed fund. How do I go about deciding which one ?
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Hi Santosh,
I give you some general advice on helping you make more informed decision. First step is to find out what type of fund best suits your investment style i.e. your risk profile. You should also consider the risk factors and the time frame you wish to invest for and lastly don’t forget to do research on the fund you are investing i.e fund history and fund managers history.
I hope this helps you.
Happy to chat over the phone.
Thakkar Viral
0424 924 447
What do you want to achieve with this investment? is it short term income or long term? do you want a huge return on your investment and are you prepared to accept a lot of risk? is this your life savings or a slush fund you can afford to splash around a bit?
mate you need to get someone to help you decide what you want to do with this money, you trouble is that for many advisors, the commission on managing $50k is not worth the time it takes to sit down with you and find out what is your best option. Get some investment gurus to give you some prices on doing a Statement of Advice and see what it will cost you to get some expert guidance before you start looking at what fund you might invest in
good luck
bc
Hi Santosh,
As Brendan has outlined you should be looking at this from the point of view of ‘what is my purpose’.
Investing for the sake of investing is pointless and not very motivating unless there is some goal in mind. Depending on what that goal is will dictate what your investment should be.
I’m not a believer in the ‘risk tolerance’ approach to investing as you’ll ultimately come out as a ‘balanced investor’ - what does that even mean? All your investing should line up with your goals.
I’m happy to help you work through this but I would be charging for my advice.
Reach out if you want some help.
All the best.
James
james.wrigley@firstfinancial.com.au
03 9909 5800
