 “I’m going to wait until the market is at its lowest, and then I’ll buy up.” How often have you heard people say this? This is a common thing for potential investors to say, especially during tough times. But here’s the problem: they never put a number or timeframe on their plan, and that’s because ‘the market at its lowest’ is not something that anyone can predict. Not even Warren Buffett himself. If a financial adviser tells you that they can – run.
 If you’re in your 50’s, you have probably thought that the closer you are to retirement the more you should be invested in low risk. This usually translates to you believing that you should be avoiding the volatility of growth assets such as companies.
 As an investor, you’ll have experienced a fear of losing money and/or a fear of missing out on potential gains.
 A lot of new clients who come to meet Lighthouse Financial Advisers get worried when they hear that they will be invested in the most diversified companies around Australia and the world.
 “Should we get out now and come back in when things settle down?” is a question that usually finds its way into investment conversations when the value of one’s investment has dropped.
 When we see our superannuation, balance rise and fall due to volatility, we as humans instinctively think that there’s something wrong and feel that we have done the wrong thing by putting ourselves in that situation.
 There are a fair few strategies that we’ll be able to use immediately with most of our new clients to help achieve their retirement goals.
 There is a common belief that in retirement you should have moved all your super into cash and defensive assets (such as fixed interest), but it really depends on your current situation.
 Most people come in to see us about 10 years from retirement and are usually very surprised on what can be achieved if they decide to switch on and focus.
 There is common belief that you should move all your super into cash and defensive assets (such as fixed interest) when you retire. But it really depends on your current situation.
|
AuthorDallas Davison, Michael Hogue and Ali Hogue. Archives
October 2020
Categories
All
|
RSS Feed