Happy New Year Everyone.
I hope you all had an enjoyable festive season.
It is human nature to think what the new year will bring when 1 January rolls around. It’s no different in investment markets. There are newspaper articles, media commentators, economists, stock brokers all discussing what they think is going to happen in investment markets over the next 12 months. Unfortunately, if you ask 10 different people you will probably get 10 different forecasts. In other words, it is nigh on impossible to predict the future performance of investment markets.
Fortunately, having a ‘good year’ doesn’t just have to depend on the performance of investment markets. This is where a good financial planner comes into play. The benefits a financial planner brings to their client are much more certain and controllable than the fickle investment markets. For example, a financial planner looks at such things as:
* Estate planning
* Insurance
* Superannuation advice
* Asset allocation
* Retirement planning
* Tax planning
* Debt management
* Asset protection
If you have effective strategies in place for the things that you can control (refer above) then you will have a ‘good year’ irrespective of what happens to investment markets.
Bye for now
Dan’s Corner
