No matter what stage of life you’re in, proper planning can help build and protect your wealth. But knowing which strategy is right for you at this stage in your life is not always obvious. If you’re too aggressive too late, you may end up having to delay retirement. Likewise, if you’re too conservative in your planning when you’re young, you may feel pressured to be more aggressive as you get older.

Protecting Your Wealth

While building wealth throughout life is no doubt your aim, protecting what you've got can be just as important. There are a number of ways to do this, depending on your situation. Your options may include:

  • Select investments which are suitable for your situation and involve an appropriate level of risk;
  • Try and minimise the use of credit cards and finance for lifestyle purchases;
  • Ensure you are adequately covered with appropriate insurance cover;
  • Only take on investment strategies that you are able to manage comfortably.

If you’re unsure which strategy is right for you, talk it through with your planner.

Gippsland Office : 35 Hotham St, Traralgon, Vic, 3844 | Melbourne Office : Mooroolbark (PO Box 276, Chirnside Park VIC 3116) | Telephone : 03 5174 1233
Brent Van Der Wel (348-148) is an authorised representative of AIW Dealer Services Pty Ltd Australian Financial Services Licence No 414256.