INVESTING
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                                          Look after the cents and the dollars will take care of themselves.

HEAR THE COINS?

That is the sound of all my spare cash! But the longest journey starts with the first small step (yeah, not too original I know)

 

WHERE CAN YOU INVEST YOUR MONEY?

           

 

CAN YOU PICK THE BAD CHOICES ABOVE?

 

 

So where do we start? I guess we should try somewhere official like, so the government is the go here. The Australian Securities & Investment Commission is like a one stop shop for advice about investing wisely. Check out the graphic to the right for a trip to ASIC!

 

SUPERANNUATION is the best investment you will ever make. Yeah, we know that you don't get it until your old but think about. There are a few conditions. Click on Superman to find out.

Did you know that once you start earning more than $450 a month (2008 amount), your employer puts an extra 9% of your salary into a Super Account.

You see the idea is to fund your own retirement rather than get the Age Pension, which is really peanuts!

 

OK, so you know if you will qualify. BUT can you live on just that 9% compounding each year? You can also find out how much super you will need by following the links on the page you will now be teleported to by clicking on our friend to the right!

 

Right, the 9% just wont do will it but if YOU add another 9% then you will retire with heaps! Our poor OLD Commerce teacher is retiring this year at the ripe old age of 55. He has been paying in Super for all his working life. So, is gets to retire 10 years early on 3 times the rate of the Age Pension (click Age Pension to see what it is worth today). His is a special scheme though but still you will be able to get your Super Pension at the age of 60!

 

Time for a bit of question and answer or as we called it in the trade FAQ's. Follow the links to the right to find out answers to the following questions.

 

What is Super ?
How can you grow Super?
What is salary sacrifice?
What is the Government Co-contribution?
How is Super invested?
What is Choice of Fund?
What about Insurance within your Fund?

 

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