Everyone has different financial and retirement goals.
Understanding your superannuation is important, and understanding your investment options helps you make the right investment decisions for your particular goals.
At First Super, we offer five investment options. You can choose to invest in one of these options, or you can choose a combination. And if you change your mind, or if your financial goals change, you can change your investment choice once your balance reaches $1,000.
The investment options are:
- Shares Plus
- Balanced (default option)
- Conservative Balanced
If you don’t choose an investment option, your super will be invested in the Balanced option.
Generally, investments can be described as growth investments or defensive investments. Growth investments are more volatile; that is, they tend to go up and down in value more often, and to a greater degree, than defensive investments.
Over the long term, growth investments tend to outperform defensive investments. Defensive investments tend to be safer than growth investments. The investments are listed above in order from highest-growth to defensive.
The investment choices you make will influence the growth of your super. You need to choose an option (or options) that match your risk/return profile; that is, you need to balance the level of investment risk you are willing to take with how much return you want from your investment.
We’re here to help. So let’s talk.
If you would like to discuss your investment options, or if you have any other questions, please don’t hesitate to call our Service Centre on 1300 360 988, or email us.