New Year's resolutions to ramp up your investments

January 2020

The start of a new year is the perfect time to review your financial goals. Here are some simple New Year's resolutions to help you get the best from your investments in 2020.

1. Track your progress

Everyone has their own financial goals, whether it’s buying a home, travel, financial freedom, retirement or something else. Whatever your goals, the key to achieving them is to regularly check your progress – and take action if you’re not on track.

The first step is to see where you are now - remember you can monitor your investments anytime via ANZ Internet Banking or goMoney. If you think you’re not where you want to be, it may be worth reviewing your budget. You may be able to cut your spending on things that aren’t really important, so you can increase the amount you have to invest (check out our guide on setting a budget for help).

2. Make sure you're in the right fund

We offer a choice of different funds, each with a different mix of assets and different levels of risk and potential returns, and you can switch between them at any time by calling us. It’s important to make sure you’re in the right fund for you.

The right fund for you depends on your particular situation and your financial goals. For example, if you’re investing for the long term, a fund with more exposure to growth assets like shares and property could be a good idea. There’s more risk that the value of your investment could fluctuate in the short term, but in the long term you could achieve a higher return. On the other hand, if you’re likely to access your money in the short term, you may prefer a fund with a lower risk profile to give you more certainty.

It’s a good idea to understand your own attitude to investing, particularly to investment risk. Use our Risk Profile Questionnaire to help you understand your tolerance for risk and what this means when it comes to choosing investments.

We recommend you review your choice of fund (or funds) annually to make sure it’s still the most appropriate option for you. We can connect you to a financial adviser who can provide you with advice tailored to your personal situation.

3. Build your investment knowledge

When it comes to investing, knowledge is power. It’s worth taking the time to find out about investment markets and how they work. A good place to start is our  ‘Tips and tools’ page which has useful information to help you get the best from your investments.

Investment funds are a great investment option, giving you flexibility and choice. You can switch between funds at any time, and you can access your money whenever you need to.

These simple resolutions will help you make sure you get the very best from your investments with us.

Important information

Our financial advice provider statement has some important information you should know about ANZ and our financial advice services. Please take the time to read it.