Let’s talk about you
1. Why are you here?
Your existing arrangement is not delivering you the service, performance, flexibility, or individuality you want or need.
Retirement, inheritance, divorce, returning from overseas, etc., each require specialist advice. And going through a transition may well leave you emotionally drained, unable to then manage the financial and administrative matters. Doing nothing is not a strategy.
You now have enough income or investible wealth to get serious about your financial future.
2. Are you time poor?
You have nothing but time, and a financial situation and family set up that allow you the freedom to fill your hours as you wish. The most important questions are, do you enjoy managing your wealth, and do you have the knowledge and expertise to do so?
You have a few hours every day where you’re not busy with work or family commitments. The questions then are, how would you best like to spend this free time, what can you outsource so that your time remains your own and what happens when your circumstances change and you no longer have time on your hands?
You have a demanding job and lifestyle. Your day is carefully organised to do justice to the many roles you are managing in your life. You don’t have the time to actively manage your wealth and investments. You’ve historically outsourced it. Or ignored it.
3. Are you a financial expert?
I have successful experience in investing in at least shares and real estate. I understand how to measure performance success. I know the risks of my investments. I understand the benefits of diversification. I invest without emotion, ignoring short terms trends or fashions. I know all about self managed superannuation and the governing rules.
I know what I don’t know.
I know the benefits of self managed superannuation funds, but not how they work. I know the importance of diversification, but not how it works. I know about the share market but worry about its volatility. I hear about companies like Tesla, BHP, CSL and AfterPay but I’m unsure if it’s all hype. I know that there are lots of tax rules.
I don’t know what I don’t know.
I know I need to invest for the long-term. I know that property and shares are needed to grow my wealth, but not how, or how much. I don’t understand all the tax rules about superannuation. This is not my field of expertise.
I know that I don’t know enough.
Where do you fit?
4. How would you describe yourself?
I’m happy to trust the right expert to do it all for me. I don’t have the time, the interest, or the ability. It’s too complicated with so many rules.
I’m happy for someone else to do what I cannot do. But I have a great interest in some investments and like to make some decisions.
I understand financial markets and am an experienced investor. I trust my own judgement. I accept I will make mistakes, but that’s okay.
Any advice contained on this website is of a general nature only and has been prepared without taking into account your personal objectives, financial situation or needs. Because of that, before acting on any advice on this website, you should consider whether the advice is appropriate for you having regard to your objectives, financial situation and needs. If you wish to seek personal financial advice from First Samuel please contact us to arrange a meeting either by phoning 03 8610 9222 or clicking here.