What is the best form of investment for your generation?

Clock and stock market


A time machine, no question. And if it looked like Marty McFly’s DeLorean, awesome!

I really just need to get a few hours into the future. Find out the next few long-odds winners at Doomben, then punt enough to shake the knees of a few bookies.

But until I find a working time machine or crystal ball, I’ll stick to what I know works in this time/space continuum.

There is no single perfect investment for Gen X. We’re not all alike. We don’t share the same investment time frames, or attitudes to risk.

The important thing we have in common is relative youth. The eldest of us have hit 50, but we’ve still got youth in a way that Mark’s and Kerrin’s mobs (right) do not.

Your time frame is critical for choosing investments. The longer you have, the more risk you can take and the better the investment options you can explore.

Set aside a portion of your money for the long term (including your superannuation). Focus those on property and shares.

So, Xers should adopt a combination of the following.

You should aim to own their own homes. You should tip your superannuation tipped more towards growth assets (shares and property). And have a long-term investment strategy, outside super, that should also include shares and property.

But, with careers and midgets demanding so much of our time, where do you find the time to make all these decisions?

Possibly the best investment you can make is to find a professional financial adviser you can work with and trust. And let them push you.

Bruce Brammall is the principal adviser with Bruce Brammall Financial (www.brucebrammallfinancial.com.au) and author of Mortgages Made Easy.

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