Choosing your investment options
Choosing the right investment option(s) comes down to your personal situation. It's important to strike a balance between your investment style, financial needs and objectives.
Before you choose which investment option best suits your needs, it is important that you understand the asset classes that make up the investment options, some general investment principles and work out what type of investor you are.
How do you decide which investment option is best for you?
When you make your investment decisions, it is important that you understand the relationship between the investment choices you make and:
Your answers to the above will help you establish your risk profile.
Keep your investment plan going
Although Maritime Super gives you the option of switching your investment options weekly, it's generally not a good idea to switch options too frequently, or to try and pick the best-performing options, as this could result in lower returns over the longer term.
The most sensible approach to investment is to make a long term plan and stick to it. It's also important to regularly monitor and review your investments to take account of any changes in your personal circumstances.
Seek advice
A licensed financial planner can work with you to choose the right investment option to suit your needs and retirement goals.
Maritime Super can arrange for a qualified financial planner to help. Contact Member Services to arrange an appointment.