Doing better. We all want to do better. Across the board. Whatever it is, there’s someone out there claiming they can best whatever we’re currently doing. Doing better can come in close quarters from someone we trust, or it can come from a cold call.
Here’s a couple of stories of doing better.
The Trusted Professional
It’s tax time. You’re sitting with your accountant. Nothing out of the ordinary. You’ve done this many times before. Saved you a few bucks in recent years. Trust established. They ask about your superannuation. You’re not that familiar with it. Never really been a financial person, but it’s built into a decent sum over the years. Between the pair of you, there’s over half a million bucks with industry funds as you near retirement.
The accountant starts talking about a self managed super fund. Sounds complex, but the good thing is they can set it up. They can keep it in order. And they know of some investments that will do better than your boring industry funds.
It’s a bit of a whirlwind, but soon enough you’re in elite company: the proud owners of a self managed super fund. An SMSF. There’s a lot of documentation. You don’t understand any of it, but the accountant says it’s all good and it’s been ticked off by a financial adviser somewhere on the Gold Coast. You don’t know a lot, but after a while you notice you seem to be paying a lot of tax because there’s a lot of income. Anyway, the professionals are in charge.
Read the full “You Could Do Better” post.
This represents general information only. Before making any financial or investment decisions, I suggest you consult a financial adviser to take into account your personal investment objectives, financial situation and individual needs. Anyone looking to build a portfolio should seek financial advice to find out which strategy is right for them, if you are a high net worth investor looking financial advice then you should consider Australia’s best financial advisers, they can help you identify your goals and put in place a reliable strategy to pursue them.
