QLD Mining and Energy Bulletin
Issue link: http://ebook.aprs.com.au/i/50246
In this equation we also factor in the potential for moving from your current home, downsizing, moving to be closer to family and a range of other issues. Will you require capital or will it provide more investible capital? Where do you intend to live? What capital expenses will you incur? What cash flow do you need; and what reserves would you like to keep on hand to cater for the unknown? Once these points are addressed the financial aspects take over. The most important questions are: • Are you a hands on or hands off investor? • Do you have the time and motivation to be involved? • How do you generate the income you need? • What investment structures generate the greatest efficiency? • How do you counter the impact of inflation? Where advisers sometimes fail is in identifying accurately whether clients want to be involved in the process of managing their financial affairs. Getting it wrong can lead some clients to feel as though they are left out of the loop and shut out, or others feeling overwhelmed. One couple came in to see me who had it wrong and had been totally perplexed about their investments for a number of years. We were able to simplify their overall plan and provide a well overdue sense of relief and peace of mind. Sometimes total transparency in investment reports creates confusion and doubt. Alternatively, a big picture view can provide clarity, helping clients quickly understand how each one of their investments is performing. Investing in today's world where superannuation has special tax considerations means the starting point of any retirement strategy must include superannuation. There are many types of superannuation funds. A topical point of discussion is the use of self-managed funds. Whilst appropriate in many cases it is often overlooked that 3000 are closed each month for a variety of reasons. At the end of the day, peace of mind is paramount. It can only be achieved by knowing your adviser well enough to have confidence in them, so when considering the advice you're provided, you know you are both working in the same direction. At Harvard Wealth we pride ourselves on our client care and service, so please contact us to find the direction you've been looking for. Chester Macdonald Adviser Disclaimer: CHESTER MACDONALD DFP Sub Authorised Representative (No.264702) Harvard Wealth Management Pty Ltd ABN 89 133 303 447 Corporate Authorised Representative (No.331417) Professional Investment Services Pty Ltd ABN 11 074 608 558 Australian Financial Services Licence No. 234951 General Advice Warning This communication has been prepared on a general advice basis only. The information has not been prepared to take into account your specific objectives, needs and financial situation. The information may not be appropriate to your individual needs and you should seek advice from your financial adviser before making any investment decision. QLD Mining and Energy Bulletin Summer 2011/12 89 CONFERENCE COVERAGE