InvestNow Getting Started Guide
Building your investment portfolio for the first time can be quite a daunting process, so we’ve broken down the key steps we think any first-time investor can follow to get up and running. If in doubt, contact a financial advisor.
Step One: Know the types of investments you have access to
Knowing what investment types you have access to and what makes them different will help you when it comes time to structure your investment portfolio. For the purpose of this guide, we will only refer to investment types and options that are available on InvestNow, which are:
Step Two: Find out what type of investor you are
Within the investment industry, there are 5 types of investors. What type of investor you are will ultimately depend on your appetite for risk.
If you need help finding out what type of investor you are, use the Sorted Investor Kickstarter questionnaire. On completion of the questionnaire, you’ll receive a chart that will show what mix of investment asset classes are right for your investor type. Alternatively, click on each investor type below to reveal a description of the investor type and the matching asset allocation chart. The 5 investor types are listed below in order of those who prefer low-risk to those who are comfortable with high-risk:
Step Three: Choose your investments accordingly – Asset allocation
What you invest in is a personal choice. You may choose to structure your portfolio using the standard investor type asset allocations mentioned above, or you may choose to do something completely different. If you did want to use the Sorted Investor Kickstarter results as a guide, below is an example of how to match your results to the investment options available on InvestNow. Note, the ‘Investment Types’ mentioned in step one can fit into multiple asset classes.
An aggressive investor could allocate 4% of their investment portfolio to managed funds in the Cash and Cash Equivalent InvestNow fund category.
Things to consider…
- Regular reviews of your portfolio, to make sure your assets are right for your circumstances, are helpful.
- For information on specific funds InvestNow offer, please refer to our range of funds page, which includes Product Disclosure Statements (PDS’s) of each individual fund.
InvestNow does not offer personalised investment advice, we just focus on giving our customers the freedom to choose their investments combined with the convenience of an online solution. If you have any questions about InvestNow or need assistance in the account and transaction process, please contact us and we will be happy to help.