The expert who advises investors on investing in their retirement savings has suggested that investors should invest in all assets as the “most stable” asset class.
The Australian Institute of Financial Management’s Financial Adviser for Australia, James Anderson, said the asset class was the most stable asset class for investors, with a high return.
“If you’re looking to invest in an asset class that’s stable, stable, that’s a stable asset,” he said.
“It’s a good investment for your portfolio and the future.”
Mr Anderson’s advice is based on a mix of statistics and his own experience, which he says demonstrates the benefits of holding onto all of your money.
“I think the biggest thing I’d say is, look at what it would take to invest a dollar in Australia,” he told ABC Radio National.
“How long would it take to make a dollar return?
That’s the biggest question I get from people.”
A dollar in the stock market has been on the decline for 20 years, so it’s very unlikely to ever return that value.
“That’s why I say keep all your money in an investment vehicle and put it in a stable and stable environment, where it can return what it costs you to make.”
The best thing to do is put it into a safe place where you can invest and you don’t have to worry about that.
“James Anderson is an investment expert and financial planner based in Perth.
Topics:financial-services,retirement,investment,investor-relations,stocks,financial-markets,economics-and-finance,business-economics,finance-and/or-federal-policy,wealth-security,wealthy-aboriginal-andamphibian-national-aborigs,capital-markets-and,federal—state-issues,australiaContact Adam Hogg