High performing investments - How to make your money work as hard as you do
Whether it’s in the pool or at work, we all aspire to do the best we can and work hard toward achieving success. Understandably, we want our money to work just as hard, for now and the future.
As in sport, success in your investments rarely happens overnight.
It is realised through purposeful partnerships, meticulous planning, obsessive focus, many hours of hard work, and ultimately strategic execution. From here, we build on our performances day by day to ensure long term success.
Powerful partnerships
It’s not uncommon to face challenges as we pursue our goals. Missed selections, lost matches or injuries – sport is littered with setbacks. What defines success is how well we are placed to weather the storms and embrace these challenges.
Investing is no different. You may not always pick every winning investment, or predict company outcomes, but what will define your success is your ability to be well prepared and well diversified in these situations.
Diversification is a strategy that aims to reduce your overall risk, so even in the event of a stock or investment failure, long term success remains an achievable outcome.
Eggs, baskets
This year’s collapse of Rex Airlines is an unfortunate example of why we don’t put all our money in one basket.
After surviving COVID-19, the company fell into voluntary administration not long after being awarded the Best Regional Airline Australia & Pacific at the 2023 World Airline Awards.
Despite being handed a government bailout, employees and investors alike have been negatively impacted thanks to the company’s sharp decline.
The value of advice
Selecting a suitably diverse portfolio will depend on factors such as an investor’s risk tolerance, age, financial goals and of course, how much money they have to invest.
This highlights the value of advice and the importance of a strong advisory relationship.
Striking the right partnership with your adviser to shape your investments and asset classes can be worth its weight in gold.
Investors have a diverse set of options and it’s important to get it right. From Australian and international shares to wholesale bonds or property, and of course gold, an adviser can help you select a healthy portfolio that’s suited to your financial position.
Whether it be success in the pool or other sporting pursuits, athletes fulfill their potential by relying on the expertise of their team, coach or high-performance specialists. While you can go it alone with your finances, utilising the knowledge of experts will ensure your finances are performing to the best of their abilities, and you’re setting yourself up for success.
At Ord Minnett, we tailor advice and solutions for our clients’ needs. We are an Australian owned advice and investment services firm that has origins dating back to 1872, and as a result, we have been building wealth for generations.
If you’re interested in partnering with Ords to plan your wealth journey, start a conversation with us today by clicking here.
Frank Hegerty won silver at the 2008 Beijing Olympic Games in Australia’s coxless four and now runs Private Wealth at wealth management firm, Ord Minnett.
