Ainslie grew up overseas, migrating to Australia with her family when she was in her mid-20s. She was raised with a very careful approach to money. Investing was a far too risky venture for her parents and, as a result, Ainslie didn’t put much faith in shares.
In contrast, her aunt achieved great results with the sharemarket.
A good saver, Ainslie’s cash had been sitting in a zero-interest bank account for years. Nervously dipping her toe in the market, she purchased a single stock which, unfortunately didn’t go well, and she lost confidence. In financial adviser speak ‘ her risk appetite dropped considerably’ and she was scared of losing the money she had so carefully saved.
Encouraged by her aunt to seek financial advice, Ainslie visited TruWealth to learn more about investment and how to make smart decisions with her money.
It is common for people to have negative experiences with money, particularly when we first start managing our finances and looking at investment opportunities. But it’s important to get help and not give up.
Find the right financial adviser
Just like finding a good hairdresser can take time, so can finding the financial adviser to suit you.
Engaging the right professional adviser does require effort. To find someone who is a good fit, ask friends and family for referrals, research advisers online, and speak to different advisers until you meet the person you ‘click’ with.
Basic steps to start your investment journey
Investing, like anything, takes practice and time. Education, understanding and experience are a powerful combination when it comes to the sharemarket.
o Identify your life goals. Write down what is important now, in five years, ten years, and when you retire. Your investments should be in line with your goals.
o Take interest in investing. Listen to podcasts, read books, speak to people who have invested. Educate yourself. Understand how other people invest, and don’t be afraid to ask questions.
o Seek financial advice. Do the research and engage an independent goals-based adviser who will recommend the strategy first, then the product.
o Start now. Taking the first step is always the hardest. Start small and learn as you go.
Your financial wellbeing is as important as your health and happiness; take it seriously and learn to build a secure, supportive financial future.
Please share this information with anyone who may be nervous, unsure or procrastinating with investment in the sharemarket.
A note from Natallia:
I would like to thank my existing clients for their dedication to improving their financial affairs. As I see new clients and understand their burning issues, complexities and money mindset, I realise how much work we have done together to realise your goals.
Therefore, I encourage you to help others - those who you think might not be as lucky as you, or who are just starting to navigate the world of finance and investment. Please encourage them to learn more about their financial life and take charge of their financial futures.
Thank you!