Top Tips for New Zealand Investors Building an Investment Portfolio 

• Understand your investments
  There is plenty of hype out there, but it is really important that you understand what you are investing in. Never be afraid to ask questions.
  
• Understand your personal attitude to risk
  There is always an element of risk in investing, as there is in stuffing your money under the mattress! Some investments are more risky than others, and you need to be comfortable with what you choose to invest in, and to review your investments periodically as your circumstances change.
• Diversify
  Your investment needs to be well spread both across different industry sectors and internationally. Make sure that you know what the charges will be – charges can really eat into your investment return, especially if the markets are not particularly buoyant.
• Take your tax position into account
  Make sure that you understand how much tax you will be liable for on your investment. With some investments, tax payments are organised by fund managers, but with others you need to pay the tax yourself.
  

This article was supplied by Broadbase International Ltd (www.broadbaseinternational.com). Information contained in this article is of a general nature and is not intended as a substitute for professional advice based on your individual circumstances. Disclosure statements are available on request and free of charge.