Investing requires the trade-off of present income (consumption) for future income (consumption).
Maintaining your quality of life after the diagnosis of a critical illness and dealing with financial commitments can cause hardship for you and your families. Critical illness insurance can protect your family's future.
Debt affords us the opportunity to benefit from things that we may not be able to purchase in the short term, such as a home.
The purpose of investing is to improve our future circumstances or future lifestyle.
Choosing the right insurance company for you is one of the most critical steps in managing your insurable risks. It means asking all of the right questions and thoroughly investigating your options.
Death is inevitable – and sooner or hopefully later, we are going to die. Before we do, we should take some actions to put our affairs in order.
A popular myth is that estate planning is only for the rich among us. However, any one who has property and wishes for a future generation will need estate planning.
The objective of investing is to receive a future flow of funds larger than the funds originally invested.
Without proper retirement planning, you can be faced with a significant cut in your income at retirement, requiring dramatic changes to the lifestyle to which you have become accustomed.
Everyone needs a financial plan for their life, from those with ten dollars to those with ten million. Life takes money – whether you plan or not.
Building net worth over a lifetime requires prudent planning and the implementation of sound strategies. Insurance is an important element of any sound financial plan.
Using a broker doesn't cost you more. Often it can cost you less because brokers have knowledge of the insurance market and the ability to negotiate competitive premiums on your behalf.
Motor vehicle insurance has various elements including property damage coverage, liability coverage including coverage for the death or injury of a third party, collision coverage and comprehensive coverage.
You will need 4 to 10 times the amount you paid for your house to enjoy a comfortable retirement.
Diversification is the process of helping reduce risk by investing in several different types of individual funds or securities and works hand in hand with asset allocation.
Investing refers to committing funds to one or more assets that will be held over some future time period. Almost all of us have wealth of some kind, ranging from the value of our skills and services at work to tangible assets to monetary assets. For us, investing will mean owning a quantifiable asset in order to increase our personal wealth.
The purpose of investing is to improve our future circumstances or future lifestyle. Funds to be invested come from assets already owned, borrowed money and savings. By foregoing consumption today (spending less than we earn) and investing the savings, we expect to improve our future consumption possibilities. This anticipated future consumption may be for us, perhaps in retirement when we are less able to work, or for others, such as education for our children.
Regardless of reasons why you invest, our aim is to provide you with the support required to manage your wealth effectively. This includes protecting your assets from inflation and taxes and helping you to manage the risks associated with investment activity.
Our approach to investing is based on “Simplifying complexity”. This requires recognition of two simple but important points. First, investing requires the trade-off of present income (consumption) for future income (consumption). Secondly, the objective of investing is to receive a future flow of funds larger than the funds originally invested. With these points in mind, our role is to assist you to achieve your optimal positions, based on your specific circumstances, considering:
Our approach seeks to understand and appreciate where you are in your financial lifecycle (accumulation, acceleration, preservation or utilisation), what your basic investment objective is (liquidity, current income, investment growth) and the role of diversification and asset allocation in your investment plans.
Asset allocation
There are three ways to manage money: Market timing, security selection, and asset allocation. The first two, in our view, involve too much guesswork (often pretending to be sophisticated analysis) and risk. Therefore, our approach focuses on asset allocation because we are not going to betting on the direction of the market or chasing “Today’s hot pick” – with your money.
Asset allocation is the process of deciding the broad categories of investments in which to invest then “allocating” the money in your portfolio among them. These broad categories are called asset classes. The five most common examples of asset classes are cash, bonds, local stocks, foreign stocks and real estate.
Asset allocation is a simple concept but considered vital to long-term investment success. A landmark study cited in Financial Analysts Journal indicated that about 90% of the variability of average total returns earned by balanced mutual funds and pension plans over time was the result of asset allocation policy.
The rationale behind this approach is that different asset classes offer various potential returns and various levels of risk and the correlation coefficients may be quite low. (Correlation determines the extent to which a variable moves in the same direction as other variable. Correlation can help in making decisions concerning diversification among mutual fund categories.)
Diversification is the foundation of asset allocation. Diversification is the process of helping reduce risk by investing in several different types of individual funds or securities and works hand in hand with asset allocation.
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More than you want and less than you need
Often, in the seminars and workshops we do, we are asked about the purchase of whole life insurance vs buying term life.
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