I’m interested to get people views on structuring an investment plan for 2018. What’s the view on the mix between shares, property, managed funds and perhaps derivates – should one or two be a higher priority than the others?

ask 10 different people: get 10 different answers.

I think the most common answer is "it depends". No two people have the same circumstances, so I am tipping you wont get too many straight answers here.

If you have a financial planner: ask him/her. Then take that advice and compare it to advice from someone else. you will probably have to pay for this advice. In fact if you dont pay for it, that would indicate very little time has been spent on providing it, and its probably not worth anything.

The more informed you are the better chance you have of making informed decisions. But you will probably still end up making some wrong decisions, because no one is perfect, and everyone gets a few things wrong....

good luck:)

bc

Hi Cain,
The simple answer is a diversified mix of all of the above but as Brendan has said “it depends”.
Your current asset position, your income and expenses, your age or life stage and your goals will all add to the complexity of the question.
I would recommend that you spend the money on a statement of advice so that you have a clear understanding and a workable plan
best of luck

Scott

Hi Cain,

I suggest speaking to a professional about your options to understand how comfortable you are with different investment types and the risk involved in each. Different investments require different initial amounts and different costs for each investment type eg. Stamp duty and conveyancing fees for Property. You should also consider the time frame for how long you are going to hold the investment for. Think of the exit strategy as much as the initial investment. eg. short term or long term, liquid or illiquid.

Everyone's investment philosophy is different so it is best to understand your risk tolerance and what assets you are comfortable holding, this will also depend on your goals and objectives. You should speak with a local Financial Planner or you can contact me on the below details if you would like to have a further chat.

Thanks,

Ronald Pratap
Principal Financial Adviser
RP Wealth Management
Level 2, 351 Oran Park Drive, Oran Park 2570
T: 02 9188 1547 M: 0434 502 079
E: ronald.pratap@rpwealthmanagement.com.au
W: www.rpwealthmanagement.com.au
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