Wealth creation is not just about deciding where to invest your funds; it is also about devising strategies that will meet your long-term financial goals.

There are various strategies and principles that Don Brown may adopt to help you build your wealth over time.

Starting a Savings Plan

It can often be difficult to keep track of expenses and most people find that they have very little left at the end of the month for savings. As a result, we find that many of our clients benefit from setting up a regular savings plan. Rather than waiting to see how much you have left for investment at the end of each month, a regular savings plan is a strategy where you invest part of your salary before other expenses.

The great thing about a regular savings plan is that it us a disciplined way of saving, as you can organise for a set amount to be deducted from your bank account or salary each month for investment. In addition, the sooner you start saving the better, as it means you’ll have longer for the effects of compounding to take effect.

Savings plans can be used for a host of goals, including saving for children’s education cost, for a home deposit, or on that dream holiday you’ve been wanting.

Budgeting and Managing Cashflow

One of the simplest, yet effective strategies in building long-term wealth and meeting future goals is to review your Budget and Cashflow. This can help to meet future lifestyle and financial goals by:

  • Identifying areas where you can make extra savings and improve your cashflow
  • Structuring your salary package (through salary sacrificing or transition to retirement) to invest your savings in a tax-effective manner

Don Brown can help you review your Budget and Cashflow to find areas of potential saving.

Asset Allocation and Diversification

One of the most common investment sayings is “don’t put all your eggs in one basket”. What that basically means is that you should diversify your investments. There are many ways of diversifying, however arguably one of the most important is by investing in different asset classes.

This is because asset classes have different features and often perform differently at various points in the economic cycle, so that when one asset class is underperforming, a complementary asset class offsets this through strong performance.

Historically, we can see that it is extremely rare for a particular asset class to be the best performer two years in a row. It is even more difficult to predict which asset class will be the best performer next year. So, rather than trying to pick between the asset classes, the safest strategy is to diversify between them. Asset classes include:

  • Australian shares
  • International shares
  • Property
  • Fixed Interest
  • Cash

Don Brown can carefully assess your attitudes to risk, so that the blend of assets recommended to you are is a mix that you’re comfortable with.

Managed funds

Managed funds are one of the most efficient ways of investing your savings. This is because within a managed fund you can indirectly access a wide range of individual investments, even with as little as $1,000. For example, an Australian share managed may invest in up to 60 or more individual Australian companies, which provides an excellent way of diversifying into the Australian share market.

There are also managed funds available that allow you to invest in all of the major asset classes listed above, all within the one fund.


To find out more contact us

The information provided on this website is for GENERAL advice only and is not a recommendation. Please contact Don Brown for enquiries.

General Advice Only
As an Authorised Representative of Bluewater Financial Advisers, AFSL 411846, I can only offer you General Advice on Insurance product factual information. We are unable to take into account any of your objectives, financial situation, needs, or personal information. You will need to decide the level of coverage you require and whether the product is suitable for your objectives, financial situation, or needs. If you require any further information before making a decision, please refer to the relevant Product Disclosure Statement (PDS). 

Personal Advice NOT Offered Personal advice takes into account your personal objectives and situation and makes recommendations based on your current situation. If you would like personal advice, you need to speak with a licensed financial planner.