What is the best way to start investing?
Q.
I have approximately $800 per month that I would like to invest
in a managed fund. Could you advise me of where to start? Are they
a good vehicle for my money?
A.
A good managed fund is an excellent investment for an investor
starting off but, because there are hundreds available, you should
take advice to ensure that the one you chose is appropriate for
your goals and risk profile. Keep in mind that you should not
invest in growth assets such as property and shares unless you have
a 5-10 year timeframe in mind.
Each week financial advisor Noel Whittaker answers your
questions.
