Most of us have probably enjoyed the odd flutter here and there – maybe on the horses or a cheeky game of poker. For many, it’s pure entertainment. You win some, you lose some, you risk little. It’s play money.
But most of us are not gamblers when it comes to more high-stake scenarios, such as investment. We prefer a rather serious, long-term relationship with our real money.
Of course, everyone wants a great return on their cash, but that’s proving tricky in the current climate of near-zero interest rates. Where just decades ago, our savings attracted a princely 16% p.a., relying on the banks to grow your wealth these days is futile.
It’s easy to see why people may want to throw the dice and hope for the best. Desperate times call for desperate measures. But we know deep down that we’re just not willing to take that chance with our entire life’s savings. Once it’s gone, it’s gone.
Essentially, you have two options: access all of your money now and whittle it away, or access some of your money now, and leave the rest for future needs.
That’s where a diverse portfolio of investments comes in handy. Keep a few safe, liquid assets at the ready, and pile the rest into longer-term growth assets – like property. And then our measly interest rates can go to work. New investors can enter the property market sooner and gain an unprecedented opportunity to build their equity faster. The more this happens, the more property prices will rise. It’s the perfect storm!
A good game is not always a fast game. Sometimes the slow burn works best. You want to ensure you not only have a roof over your head when you retire you also want enough to live comfortably for as long as possible.
If you’re looking for a game plan that will go the distance, GSA has just the thing! Give us a call. The odds are truly in your favour.