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The latest statistics from the ATO show most self-managed super funds (SMSFs) have poorly diversified portfolios with large exposures to just three asset classes

If you’re like most people, you probably didn’t usher in the new financial year with any particular fanfare. After all, the dawn of a new fiscal year doesn’t bring with it the same excitement as New Year’s Eve.

Investing is a lot like exercising. It requires effort and discipline to achieve long term results. And just like exercising, it helps if you have a strong "core" to balance your activities and reduce the risk of hurting yourself (or your portfolio).

It’s hard not to be rattled in the current market. As investors, it’s difficult to watch wild daily gyrations of sharemarkets or to ignore all the doomsday financial headlines plastered with news of plummeting global indices and images of “growling bears”.

It’s hard not to be rattled in the current market. As investors, it’s difficult to watch wild daily gyrations of sharemarkets or to ignore all the doomsday financial headlines plastered with news of plummeting global indices and images of “growling bears”.

Minimising costs should be a core focus of every investor’s strategy. Costs and fees can have a dramatic impact on overall portfolio returns, particularly over the longer term. This is because the lower the costs, the greater the proportion of an investment’s return which can flow to the investor and the larger the potential for that money to be reinvested and compound into the future. Put simply, every dollar saved in trading commissions and management fees is an extra dollar available for investment and earnings potential.

At Six Park, we combine sophisticated automated technologies and the expertise of our world-class advisory board to help our clients establish and manage low cost, globally diversified investment portfolios

When it comes to investing, one of the best things you can do to reduce risk and improve returns is to diversify your portfolio.