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Before investing

Our experts agree: the sooner you invest, the better. But while it’s great to get in early, first you need to make sure you’re in a good spot with your finances. Need help with that? Find out how to prep yourself before you dive into the investment world.

Check your finances are in good shape

Before investing, check that you’re able to cover all your expenses and have a consistent savings habit. If not, then investing your energy into building a working budget should be your priority.

A working budget can help you manage your money and highlight any money left over for investing. If you don’t have spare cash or money put aside for investing just yet, head over to our Budgeting section. There you’ll learn how to track your expenses and build a working budget. A quick and easy budget can be built using the automated Budget Planning Tool.

But if you’re ready to invest, go back to Investing and take the next steps from there… identify your risk appetite, learn various investment strategies plus access a handy toolkit to support your investment journey.  

Fun fact

For many people, high interest savings accounts are actually the first step on the investment ladder. A savings account can be a form of both passive investing (the ability to earn interest just by having the balance sitting there) and a defensive investment (a low-risk investment that should never go below the initial investment).

Work out how much you want to invest: while $500 (plus brokerage fees) is enough to start investing if you’re going for stocks, saving up to $10,000 will open you up to more options.

The information set out above is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information, you should consider whether the information is appropriate for you having regard to your objectives, financial situation and needs. By providing this information ANZ does not intend to provide any financial advice or other advice or recommendations. You should seek independent financial, legal, tax and other relevant advice having regard to your particular circumstances.

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