Best Long-Term Investments For Australians

August 21, 2024 11:09 PM AEST | By Team Kalkine Media

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Best Long-Term Investments For Australians — Image source: shutterstock

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In a climate of persistently high inflation and ongoing interest rate hikes, long-term investing often emerges as a prudent strategy. Despite the recent decrease in inflation to 3.6% for the March quarter of 2024, down from the peak of 7.8% in December 2022, it remains above the Reserve Bank of Australia's target range of 2% to 3%. With interest rates at elevated levels compared to the past five years, a long-term investment approach might offer a more stable path forward.

Long-term investments—typically defined as those held for at least seven years—can potentially yield substantial returns, though they come with inherent risks. The potential for capital gains and income must be balanced against the possibility of financial loss. Common long-term investment options include stocks, bonds, and property.

Given the complexity and risks associated with long-term investing, consulting a professional financial advisor could be beneficial. Their expertise can assist in navigating investment choices and managing risk, especially when dealing with substantial savings. Alternatively, individuals may choose to manage their own investments, but diversification of the investment portfolio is generally recommended to mitigate risk.

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