October 28, 2024

Luke on 2CC – Investing outside of super for the long term

Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 25 October 2024. Luke joins Leon Delaney in the studio with Luke to talk about an important topic. What can I do outside of super to compliment my long term financial plans?

Superannuation is a great and tax effective vehicle for saving for retirement. But once you put the money into super, you can’t access it until you reach a condition of release, which is usualy retirement age. As a result, it’s good to keep something outside of super too – but what do you do with it? Luke shares a few examples. Thank you for joining us live on 2CC, YouTube or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.

Key topics covered include:

Trading accounts provide the ability to start without having lots of money to start, and the ability to save into it

There are lots of different types of trading accounts available so find somewhere that works for you

Ensure you have diversity in your investments

Micro investing apps provide another pathway to investing with a broad range of direct investments and pre-mixed investment options

Formal structures or investment platforms run by investment managers also provide an avenue for people to make investments for the long term. These are well run platforms run by specialist investment managers. These also offer the ability to save money into for ongoing contributions.

Why exchange traded funds offer a good place to start for new investors.

Luke offers some tips for making the most of investments outside of your superannuation for the long term.

https://www.envisionfinancial.com.au/wp-content/uploads/2024/10/The-Strategy-Stacker-Luke-Talks-Money-25102024.mp3

This podcast is also available on Apple Podcasts and Spotify – ‘The Strategy Stacker – Luke Talks Money’

Do you need help with investing for the medium and longer term?

Investing outside of super? Where do you start? If you need help to get everything working together for your future, educate yourself or seek financial planning advice. You don’t have to go it alone when you have a financial planner by your side.

Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super and retirement. Simply make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your situation.

Luke will return to 2CC to talk about other ‘Money Matters’ next week. You can catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.

We look forward to your company again and Luke’s book Smart Money Strategy is out now.

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By Luke Smith