What are some investment options outside of super?

Super, being a longer term investment designed to fund your retirement, comes with a number of advantages such as being lightly taxed (which can mean, more money to invest in your financial future) but does have some constraints including not being able to access your super, generally until you have reached retirement.

While super is a popular option for many, there are also a number of investment options to consider outside of super – you just need to find a mix that fits your needs.

6 things to consider before investing

Investing your money may be an effective way to help you build long-term wealth.

While it can seem overwhelming at times, given the breadth of options available, you don’t need to be a financial expert to be successful at it.

But as Warren Buffet says: “Risk comes from not knowing what you’re doing.” So understanding the basics is important.

To help you better prepare and potentially reduce your risk, here are some things to consider before investing.

Make your money work harder – pitfalls to avoid

The expression “a fool and his money are easily parted” is not as relevant today as it once was. These days, scams and fake investment schemes can be very sophisticated and difficult to tell apart from the real deal. That said, there are some key clues to look for to avoid losing your money to a scam.

An introduction to managed funds

Managed funds may give you access to a broader range of investment types by pooling your money together with other investors. Find out how they work and if they’re for you.

Understanding different investment styles

When it comes to investing, there’s no one size fits all strategy that can assure success but there are some different investment styles that could help investors achieve their goals.