6 tips for investing in your 20s and 30s

Welcome to Smart Private WealthLearning CentreInsights

6 tips for investing in your 20s and 30s.


Starting out in their 20s and 30s, early career accumulators usually lack significant financial capital, unless they possess exceptional skills or work in high-paying industries. Not only do they earn relatively low incomes at this stage, but recent university graduates may also be burdened with student debt.


But early career accumulators possess valuable assets that older individuals may envy. With their entire working lives ahead of them, early career individuals have abundant human capital, which is their greatest asset in terms of earning potential.


Young investors in their 20s and 30s possess a valuable asset for investing: time. With a long time horizon until they need to access their funds, they can leverage the power of compound interest and are better equipped to tolerate higher-risk investments that have the potential for higher returns over the long term.


For those starting their investment journey, a simple and effective approach is to invest regularly and consistently in basic, diversified investments.


However, it's beneficial to consider investments broadly, directing your earnings towards opportunities that offer the greatest returns over your desired time frame.


Here are 6 tips for successful investing and multitasking in your 20s and 30s.



Your money. But smarter.

Smart Private Wealth are your partners in wealth accumulation, protection and management for today and beyond.


SPEAK TO A FINANCIAL ADVISER SPEAK TO A FINANCIAL ADVISER


27 May

Getting Your RAD back

Accommodation payments (called Refundable Accommodation Deposits – RADs for short) are one of the most misunderstood areas of residential aged care. Many people don’t realise that a RAD is not “lost” money but is refundable when you leave care or pass away.


READ MORE READ MORE
27 May

What does the Federal Budget mean for aged care?

This year’s Federal Budget focussed on the rising costs of living and how to help Australians manage. Before the Budget there was speculation that we would see changes for aged care funding and fees, but what made it into the Budget?


READ MORE READ MORE
27 May

If Aged Care Advice is Confusing...Get Advice

RADs, DAPs, MPIRs, MTAs and ACATs !! These are just a few of the acronyms you will face when navigating aged care decisions. It might even feel like you’ve landed in a foreign country where you don’t understand the language or the rules.


READ MORE READ MORE
8 May

Mastering Your Retirement: Is an SMSF the Ultimate Investment Strategy for You?

A Self-Managed Super Fund (SMSF) is a type of superannuation fund that gives members greater control over their retirement savings.


READ MORE READ MORE
23 Apr

Rebuilding After Divorce

Going through a divorce or separation is undoubtedly challenging, but it's essential to take control of your financial future. By understanding the impact of separation on your assets, seeking professional advice, and creating a solid financial plan, you can navigate this difficult time with confidence.


READ MORE READ MORE
15 Apr

Warning on SMSF asset valuations

The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices.


READ MORE READ MORE