Continuing on with our revisit of our earlier blog post “Get Financially Sorted in 2024 with These Steps”, we are looking at the integral role of appropriate Asset Allocation in achieving your financial resolutions, particularly the importance of Strategic Asset Allocation and Portfolio Rebalancing.

We are at the time of the year where people are either going strong with their financial goals, or they’ve completely abandoned them.

It’s time to revisit our earlier blog post “Get financially sorted in 2024 with these steps”? and take the time to break them up into easy steps.

Let’s do it together—shall we, starting with Estate Planning.

Heading into 2024, it’s time to revisit your finances and curate some achievable financial goals – that you can actually stick to! Here are 4 financial resolutions that will have a lasting effect on your financial wellbeing.

Whilst finances (for some) may not seem as exciting as making other new year resolutions, such as, eating healthier or working out more – we think that taking control and understanding your finances with a well-drawn up plan can often help with your physical and mental health.

Traditionally, young adults most commonly receive financial ‘advice’ from their family members (sometimes unsolicited) at the family BBQ, or from their mates (boastfully) sharing how they bought shares in XYZ – “and you should too”. However, key findings from this Forbes news article suggests a large number of young adults are turning to Social Media for their financial matters.

The vehicles for reducing the tax you pay on investment returns both force you to make a trade, accessibility for preferential tax treatment.

Have you thought about changing your superfund based on a news article like this?

There are three types of superannuation funds that are most common in Australia. These are the Industry Super Fund, the Retail Super Fund and the Self-Managed Super Fund. 

In the investing world, there are two broad classes of investments, growth and defensive assets.

Ah, the defined benefit pension. What I would give to be allowed into one of these schemes.

Your home is the biggest investment you will make in your life! How many times have you heard this from real estate agents? Of course the people whose job it is to facilitate as many real estate transactions as possible wouldn’t have any other incentives…..

There are generally two main wealth creation vehicles commonly used by Australians to create wealth, shares and direct property. However, in retirement we are in favour of shares over property. Why is this?

What seems riskier to you? Having all your money in shares or having all your money in the bank?

Depending on your definition of risk and your goals, you could either say it is the shares that are riskier or you could say that the cash in the bank is riskier.

I was speaking with a young professional the other day about a range of investing topics. One topic that came up is whether it would be worth it for him to learn how to pick his own stocks.

What seems more likely to you, that you will die in a shark attack or that a falling coconut will kill you?

 If you answered the falling coconuts, you would be right.

Every year around 5 humans per year die in shark attacks whereas 150 people get killed by falling coconuts. Are you reconsidering that trip to Fiji yet?

Clients often don’t really believe us when we talk about a 30-year retirement. Why would they when the average life expectancy is 83 years old? If you retire at 65 and live until the average life expectancy you only live another 18 years, so where does this number of 30 come from?

A range of new measures are being introduced as of 1 July 2022. These changes are based around allowing you to get more money into super and leave more money in super to assist you in your retirement.

The Reserve Bank of Australia has today raised the cash rate from 0.1% to 0.35% after having slashed it to 0.1% in the midst of the pandemic. What does this mean for you?

That depends on your situation.

The ABC has written a great article keeping people up to date with all of the potential flood relief payments, grants and loans that may be available. It appears as though it is being updated as new information is being released.

[2 minute read] Click the link below to access your Quarterly Economic and Market Update. This report is produced by Vanguard Australia who manage much of our client retirement portfolio assets.

A traditional single family office is a business run by and for a single family. The assets are the family's own wealth, often accumulated over many family generations.