What is a Financial Review, and why do I need one?
“He who fails to plan is planning to fail”
Sir Winston Churchill
An initial financial review is an opportunity to sit down and look at the big picture of where you are now, where you want to be in the future, and to most efficiently get there. Most of us are so busy with day-to-day tasks, we go months or years without checking to see if we’re even on the right track. A simple chat with an experienced financial planner is the best way to ensure you’re doing the best you can with the resources and information at your disposal.
“When you have to make a choice and don’t make it, that in itself is a choice”.
William James (1842-1920)Philosopher & Psychologist
The only difference between those who are financially successful and those who are not is that the former made a conscious decision to be that way and acted accordingly. In our experience there really never is a ‘right’ time and life will always make sure that there is a multitude of other things for you to consider before you look to your financial situation, but the truth is that having a firm financial foundation will free up time in the future that would otherwise have been spent dealing with the reality that you left it too late and nothing short of wizardry could pull yourself and your loved ones out of jeapordy- all because it was never ‘the right time’.
I don’t have much money to put away on a regular basis. I’m not very wealthy. Whats the point…?
If you don’t accumulate wealth regularly then your chances of having money and financial stability in the future are slim. We deal with a wide range of solutions enabling you to start building a future from a very small amount, up to larger amounts when your circumstances permit. For us it’s a marathon- not a race.
“Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient.”
Warren BuffetBerkshire Hathaway CEO, Investor.
I don’t want my money locked away forever and my circumstances will probably change in the future. Can I use something flexible?
It’s all relative. At the moment with your bank account you are probably free to take out your money whenever you wish. In return you receive a nominal rate of interest which rarely even matches inflation, poor investment opportunities, impersonal customer service and poor capital protection guarantees. If you want better, then you are going to have to be willing to sit on your hands for a while and let growth do some growing. That withstanding, we recommend highly-liquid solutions which do not penalize the client for having changes in their life and allow partial to full-access to their capital when they need it.
One of the many things you cannot know about stocks is exactly when they will up or go down. Over the long term, stocks generally rise at a nice pace. History shows they double in value every seven years or so. But in the short term, stocks are just plain wild. Over periods of days, weeks and months, no one has any idea what they will do. Still, nearly all investors think they are smart enough to divine such short-term movements. This hubris frequently gets them into trouble.”
James K. GlassmanInvestor, Author
Do not let television, radio and internet “Investotainment” dictate your investments and your future financial stability . Send us an email on the Contact page if you’d like some more information on how to benefit from regular-investments and make your money grow without having to live in front of a computer screen trying to play beat-the-market.
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