Start Your Wealth Journey Here

Where do you invest for the best returns? This is a question everyone asks themselves when they’re deploying their capital. Knowing where to invest and doing your research on the risks are paramount to your success.

- Sam Henderson

Educate to elevate

I recommend investors start by looking at the Money Smart website (moneysmart. gov.au) for a quick overview of licensing, warnings, calculators and general consumer information that will be helpful on your expedition. It’s always cheaper to learn from other people’s mistakes rather than your own.

My second recommendation is to buy a bunch of books. They are a cheap way to learn a lot quickly. I’ve learnt half of what I know through books and half through experience. Investment books usually cost around $30 each and if you don’t like reading try the website audible.com. Podcasts are also an invaluable free tool.

Risk versus return

Let’s have a quick look at potential asset classes such as cash, fixed interest, property and Aussie and international shares. As you go up the risk-return continuum, you start with cash. It’s a very low-risk and very low-return class that struggles to keep up with inflation. So in real terms if you leave your money in cash you’ll go backwards.

Long-term property