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Do you have a question you'd like to ask?
If you have a general financial question you would like to ask, our experienced panel of Mercer Wealth Solutions financial advisers is here to help - simply send your question in and each month we will select one question to answer online.
Please note that questions cannot be answered personally. If your question relates to your personal super account, or you need an immediate response, you should contact your super fund for assistance. Mercer Super Trust members should contact the Helpline on 1800 682 525.
To speak directly with a Mercer financial adviser call 1800 633 403.
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Jade
Khao Sydney |
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Derek
Gascoigne Perth |
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Lynda
Cross Melbourne |
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Tony
Doyle Parramatta |
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Sue
Charlton Adelaide |
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Richard
Carey Sydney |
Find out more about our panel  |
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Q: Jessica in Brisbane, QLD asks:
I'm 26 years old, have a small credit card debt and am currently renting. I believe in the power of compound interest over 30 - 40 years and I am keen to start an investment portfolio or managed fund now, ideally with not much more than about $200 per month. How can I start? |
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A: Stephen answers:
Managed funds are a good way to invest on a regular basis in order to accumulate wealth. The main benefit is that managed funds provide an easy way to invest, where professional investment managers make the decisions for you.
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Depending on the fund that you select, the initial investment can be as low as $500 because the investment managers are pooling your funds with other investors’ funds to allow you to access markets that may normally be out of your grasp. Generally, when you make a smaller initial investment, there is a requirement for you to make regular contributions on a monthly basis via a direct debit facility.
Our fact sheet, 'Four steps to understanding managed funds', gives a great summary of what these funds are and how to invest regularly.
With any investment, it's important to seek personal financial advice to ensure that the fund you're selecting is appropriate for you and your changing circumstances. It's also important to manage your debt wisely and remember that investments in managed funds may rise and fall in value from time to time.
To speak with a Mercer financial adviser, simply telephone
1800 633 403 or register to have a Mercer financial adviser call you. There is no fee for an initial discussion with a Mercer financial adviser.
Stephen Mehrton is an authorised representative #297473 of MINL. To read more about Stephen, click here.
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Published: 9/3/10 |
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The information above contains general financial product advice only and does not take into account your personal objectives, financial situation or needs or those of any other person. Therefore, you should not act on this information if you have not considered the appropriateness of this information to your personal objectives, financial situation and needs. You should obtain advice from a licensed or appropriately authorised financial adviser before making any investment decision. |
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If you would like a face-to-face meeting with a Mercer financial adviser we have offices nationally.
The initial consultation involves assessing your current situation and identifying the relevant issues that require advice. While there is no cost for this initial meeting, any personal financial advice that results will incur a fee.
To arrange an appointment, simply call 1800 633 403.
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