Putting the "fun" in your tax refund

Managed funds are often a good starting place for new investors because your money is pooled together with other investors', and depending on the fund, you may need as little as $1000 to get started.

Whether you want to invest $1,000 or $1million, with Baker Affleck's professional guidance, there are many ways to enter the market and ensure that your money is working as hard as possible for you by considering all the factors regarding your personal financial situation. Smart investors build up their investment with hard work, a disciplined approach, and a modest sum to start with.

With this type of investment your money is taken care of by a team of professionals who do continuous research to get you the best investment. As time goes on, you have the opportunity to increase your portfolio by adding small amounts to the fund on a regular basis.

The power of compounding is nothing to be scoffed at either and you may be surprised at how a relatively small investment, together with regular contributions, can add up over time.

Gearing, or borrowing to invest, can help your returns go even further. While not always suitable, when you borrow to invest in a managed fund, the lender matches your initial and ongoing contributions, which effectively increases your portfolio. Gearing, involving a certain level of risk, can prove to be profitable when care is taken and, generally, the interest you pay on the loan is tax deductible.

As with all investments, investors need to be aware of the risks involved, especially if you or your business is investing for the first time. Allow Baker Affleck to give you financial advice may prove to be your best move when it comes to investing your tax refund. Investing can be easy but, without proper advice, it can also carry risks.

Whether this is your first time investing or you are only looking to build on your current portfolio, choosing to invest your tax refund is an effective way to increase your wealth. Baker Affleck welcomes the opportunity to help tailor an effective investment strategy for you through the investment of your current tax refund or review of existing investments that you may have in place to ensure that you are on the right track.

If you have any questions please contact your accountant at Baker Affleck or click here to send an email with your contact details and we will contact you.