How to choose an option
What sort of investor are you?
To make an investment choice, you must consider what sort of investor you are. You may be more conservative or prefer more volatile growth options.
The benefit of having different investment options to choose from is you can select options that suit your risk-return profile and timeframe and with your Club Plus Super account or Pension account you’re able to switch investment options.
As a rule of thumb, when you select options, you might want to consider your age, how long you plan to contribute to super, and your feelings about risk (how much risk are you happy to take on?).
When you read the descriptions for each investment option you should ask yourself the following questions:
- Is the goal and strategy of the option something I am comfortable with?
- Is the risk level acceptable?
- Does the strategy match my investment timeframe?
- Am I happy with where the money is invested – the ‘asset allocation’?
How to nominate/change an investment option
What if I don’t make an investment choice?
From the 1st October 2011, if you do not select an investment option you will be invested 100% in the MySuper option.
Seek Advice if Unsure
Choosing the right investment option is important but there’s a lot to weigh up: investment strategies, timeframe, asset-mix, risk-return and volatility, to name a few.
Club Plus Financial Planning can help. We provide professional, high value, low cost advice to help you choose an investment strategy to match your risk-return profile and needs.