Planning for your Retirement? Erwin Lasshofer Gives Tips on How to Make Long-Term Investments

It is never too early to plan for your retirement. Ideally, as soon as you started having an income, you should have jumpstarted your retirement plan.

However, if you have been working for more than ten years and still haven’t saved enough to make long-term investments, don’t shoot yourself in the feet just yet.  You still have time to secure your financial future.

“Those who are in their 30s and 40s can still benefit from making smart long-term investments. They just have to be very clear-cut when identifying investment goals and be very thorough when developing investment strategies.  Financial security  is what’s at stake so immediate action is required. There’s no benefit to putting the future on hold,” says Erwin Lasshofer, founder of Innovatis, a Europe-based network of financial consulting and asset management firms.

According to Erwin Lasshofer, those who are planning on securing their financial futures through long-term investments should seek the advice of a professional investment advisor or asset manager. “Growing your wealth and maximizing your investments over time can be overwhelming so save yourself from all the trouble and tap on the expertise of a qualified professional,” he adds.

Furthermore, Erwin Lassohofer advises that when making long-term investments, the focus should be on long-term, overall returns. A sound investment strategy should take into account applicable fees, taxes and inflation rates when calculating real investment returns.

Additionally, Erwin Lasshofer reminds investors to avoid the bandwagon effect when investing. Wise investors stay away from investment ideas that are purely based on speculation rather than objective and comprehensive research. “Chasing the crowd or the big boys won’t do you any good. They have different goals, needs and preferences. And of course, their pockets may be ten times deeper than yours,” adds Lasshofer.

When asked if it is okay to make long-term investments in volatile markets, Erwin Lasshofer’s response is simple: “You are expected to take reasonable risks when investing but do not invest your whole portfolio in one investment. Investment diversification is key to reducing risks. “

For those who are planning to rely on long-term investments for their retirement income, he suggests investing in structured financial products that offer consistent, decent returns. “We want to help long-term investors like retirees and pre-retirees create a more sustainable future for themselves. This is the reason why we offer them our core financial products. These products involve minimal risks and above-average investment yields.” shares Erwin Lasshofer.

Erwin Lasshofer is the Founder of Innovatis (Suisse) AG and CEO of Innovatis GmbH Austria. An expert in the financial services sector, the Ausrian-born Lasshofer has years of long-term experience in corporate and investment banking.