You’ve worked hard to build your savings, but now comes the big question: what’s next? Should you let your money rest safely in a savings account, or put it to work through investing?
The answer isn’t always straightforward. It depends on your goals, your risk appetite, and how long you’re willing to let your money grow. If your plans are short-term, saving may give you peace of mind. But for those looking five to seven years ahead, investing could help your wealth go further. At LBW, we help you navigate these choices with clarity and confidence.
Short-term goals and savings
If your goal is relatively close, such as buying a car or taking a holiday, a savings account can be the right place to save. Your money remains secure and readily accessible when needed. It also works well for emergency funds or when placed in an offset account to reduce your mortgage interest. For short-term goals, the question ‘Should I invest my savings?’ often leads to one answer: not yet. Keeping your funds safe and flexible protects your options. LBW’s team can review your situation and help you plan for both safety and growth.
Long-term goals and investing
When your goal is five years or longer away, the answer to ‘should I invest my savings’ may shift. Investing gives your money the chance to grow through compounding returns. While markets fluctuate, time smooths out the bumps. Leaving your funds for 5 to 7 years reduces short-term risk. LBW’s experienced team of financial advisers in Geelong provide tailored strategies that consider your goals, income, and risk tolerance. As a result, smart investing can help you keep pace with inflation and build long-term wealth.
Finding your balance
Sometimes, the best answer to ‘Should I invest my savings?’ is both. Saving and investing can work together. Maintain an emergency fund for stability, then invest the remaining funds for growth. LBW’s financial advisers help clients find balance by matching strategies with life stages and goals.
Should I invest my savings? Partner with LBW for support
LBW’s trusted team supports your financial journey with practical advice and ongoing support. For expert guidance on saving and investing, get in touch with an LBW adviser today at (03) 5221 6111 or visit www.lbwca.com.au.
This blog provides general educational information only. The content does not take into account your personal objectives, financial situation or needs. You should consider taking financial advice tailored to your personal circumstances.
LBW Business + Wealth Advisors is an Authorised Representative of LBW Wealth Pty Ltd ABN 56 652 382 128 AFSL 534569. Please see our website www.lbwca.com.au or call 03 5221 6111 for more information on our available services.
