If you are thinking of going into investing, keep in mind the following tips to find the right investment venture for you. 

1. Review your goals and needs. It is worth taking the time to carefully think about what you really want to get from investing. Knowing your needs and goals as well as how you see risk is a good way to start. Start by completing a money fact find.

2. Consider the length of time you can invest. Carefully think about how soon you'll need your money back. Time frames differ for different goals, and they will have an effect on the types of risks you're willing to take on. For instance, if you are saving for a home deposit and hoping to purchase in a couple of years, investing won't be suitable as the value of real estates fluctuate. Choose cash savings accounts if you are saying for a pension in 30 years' time, you could ignore short-term declines in your investments' value and focus on the long term. Investments tend to provide you with a better chance of defeating inflation and attaining your pension goal.

3. Create an investment plan. Once you know what your goals and needs are, and have assessed the risk you can take, make an investmen plan to help you know the types of products that can be suitable for you.

4. Diversify. To improve your chance of better return, accept more risks. But you could manage and improve the balance between returns and risks by spreading your money across various types of investments where prices do not move in the same direction. This technique is referred to as diversifying. It could help you smooth out your returns while still gaining growth as well as reducing the overall risk on your end. 

5. Decide how hands-on you want to be. Investing could take as little or as much of your time as you would like. If you prefer to be hands-on and make decisions, consider buying individual shares, but see to it that you understand the risks. If you lack time and the willingness to be hands-on, or if you have just a small sum of money to invest, consider investment funds like trusts, Exchange Traded Funds, and Open Ended Investment Companines or OEIC, and/or trusts. With these, your money is integrated with that of many other investors and used to purchase a vast spread of investments. If you are uncertain about the types of investment/s you need, or which investment funds to opt for, consider getting financial advice.

6. Check the charges. If you purchase investments, such as individual shares, you'll have to use a stock broking service and settle dealing charges. If you choose investment funds, there are certain charges, for instance to pay the fund manager. 

Whether you are looking at investment funds, stockbrokers, or financial advisers, charges differ from one provider to another. Ask a provider to explain all of their charges so know what you'll pay, prior to committing your money. While higher charges could mean better quality sometimes, ask yourself if what you are being charged is reasonable and if you cannot get similiar or the same quality but pay significantly less elsewhere.

To get free legal advice on financial matters, visit cclswa by following the links provided:  http://cclswa.org.au.