Success as an investor starts with the key questions of why, what, where, when and how. Why are you investing? What are your priorities? Where is your destination? When do you hope to get there? But it’s often the ‘how’ that’s often overlooked.
Digital innovation has democratised access to financial information to the point where anyone with a smartphone, a few apps and real-time news and data feeds can be like a pro trader. But who wants to do that? And do you need to?
Over the next 20 years, there will be an intergenerational transfer of wealth the likes of which has never been seen before. Wealthy baby boomer parents will die leaving their estates, in most cases, to their children. Most will also leave income tax liabilities.
The recently released 2018 Vanguard/Investment Trends SMSF report offers insights into the hard work the nearly 600,000 Australian self-managed super funds are putting into growing their retirement savings.
Have you read the news today? Chances are there’s something happening in the world with the potential to keep you awake at night. But it’s one thing to follow the news, it’s another to act on it in a way that can backfire on you as an investor.