You do not have to have a lot of money to start investing, with a managed fund portfolio you can start with as little as $1,000 - how to get this - you can even take a cash advance on a credit card and pay it off later - tax deductible interest!
Real life examples:
A client invested $2,000 in July 2000 in a managed share fund 100% Australian Shares Fund.
The client has reinvested all the distributions.
The portfolio is now worth $3,600 (albeit a little less than it was in November 2007).
That makes an average investment return of 11% per annum. Not bad for making the investment, putting "it in the bottom drawer" and going on living life!
A client invested $1,000 in July 2000 in a managed share fund 100% Australian Smaller Companies Shares Fund.
The client has reinvested all the distributions.
The portfolio is now worth $2,073 (albeit a little less than it was in November 2007).
That makes an average investment return of 14% per annum.
Prudent investment provides returns - even with share market ups and downs.
Seize the day!
Regards
Damian Ebzery B.Bus M.Bus AFPA ASA
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