5 Easy Steps To Start Your Investment Plan

7 July 2022

Are you ready to get started on building your wealth and securing your financial future?

While there are no shortages of get-rich-quick schemes, you don’t want to be fooled into a scam that leaves you with less than you started.

By planning ahead and mapping out your short-term and long-term financial goals, you can feel reassured knowing you are on track to achieving your ideal lifestyle.

Within your financial plan, you may want to consider including an investment plan tailored to your risk tolerance and financial goals. 

A plan can provide you with a clear vision of what you want to achieve with your investments, how long you’ll need to commit to your investments to achieve your goals, and which investments you’d like to invest your money in.

Understanding what your investment options are and how they can be tailored to your financial goals and risk tolerance are the essential ingredients to a successful investment plan.

Here’s what you need to know about getting started in 5 easy steps:

#1: Decide on your preferred timeframe

The investment period is one of the most important factors to consider. Knowing what you can afford to invest your money in and how long you’d like to commit to making those investments will help you figure out your ideal investment timeframe. 

  • For short-term goals, lower-risk investment options are better as they’re less likely to fall in value and you can access your money more readily. 
  • For longer-term goals, investments with higher returns may be better. As you’re investing long-term, you can ride out any short-term falls in value.

#2: Figure Out Your Risk Tolerance 

Risk tolerance is one of the critical factors to consider when investing. You need to know how market conditions, economic conditions and other market factors will affect you.

You should also know how you will be impacted if your investment assets lose significant value if the market conditions worsen.

Different people can tolerate different risks. If you have a high tolerance for risk, you may consider investing for the long term. However, if you are not so tolerant of risk, you may consider investing in short-term investments with relatively low risk.

#3: Understand All Your Investment Options

There are numerous options for investing your money and choosing the best one may be challenging. Anytime you want to invest, it’s important to have a good understanding of what your options are.

Before you choose where you want to invest your money, you may want to consider if you want your money to be liquid or not.

This means you need to know if you want your money to be easily accessible when you need it.

It’s also important to decide whether you are looking to align your investments with your values, aka ethical investing.

ESG investing is when a fund considers sustainability (including environmental, social and governance factors) to inform its investment strategy.

#4: Create a Diversified Investment Portfolio

Investing can be risky. If you put all your eggs in one basket, you can lose your money if the investment fails. Investing should be a way to help you build your wealth. This is why it is critical to make sure you have a variety of investments.

Diversifying your investments involves purchasing a variety of investments combined to reduce your overall risk profile.

This entails owning multiple asset classes such as a combination of stocks, bonds, commodities, real estate and alternative asset classes. 

Even if you plan to invest for the short term, it is still a good idea to have a variety of investments. This is because the conditions can quickly change. It makes sense to have a parcel of investments that can help you earn returns even if the market is not doing well.

#5: Consult With An Investment Adviser

While you can make your own investment decisions, it doesn’t mean you have to without support and guidance. Seeking an accredited financial adviser can help tailor an investment plan to suit your goals and needs. 

At Cambio Group our team can guide you on how to make the best investment decisions tailored to your financial situation and goals.

They can also keep you well-informed of what’s happening in the market and if the changes could affect your investments.


Now You’re Ready To Start Your Investment Plan!


Work with Cambio Group’s Investment Advisers

Investing money doesn’t have to be difficult or complicated. As long as you’re willing to start with small amounts and grow them over time, you can learn to invest money.

Don’t be intimidated by the idea of investing. It’s a field that’s for everyone — people with short-term and long-term financial goals. The trick is knowing how to invest wisely. 

If you want to get started on your investment plan with expert advice, contact Cambio Group and work with our investment advisers on the Gold Coast today. We’d love to help you achieve your investment goals!

Book a Complimentary Consultation Today

Disclaimer: The information (including taxation) in this website does not consider your personal circumstances and is of a general nature only – unless otherwise stated. You should not act on the information provided without first obtaining professional advice specific to your circumstances.

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