The temptation is to just sit back and wait until things get better, however, now is the time you should be focusing on rebuilding your wealth.
Making the right investment decisions is crucial to your financial future. Accessing the expertise, advice and direction of a professional Ulton adviser, can take the worry out of investing and set you on a path to financial certainty.
We are dedicated to understanding all the risks and returns associated with the wide range of investment options available. Access to this expertise and understanding can deliver powerful results, both financially and for your own peace of mind.
Let’s revisit three fundamentals of investing:
Have a Strategy
Wealth is only achieved by creating surplus income (spending less then you earn). A strategy should then be created to use this surplus income to create assets or reduce debt or both. We will work with you to create a comprehensive and personalised strategy which will focus on building and protecting your wealth. Having a strategy will give you peace of mind in knowing that you are on the right path to achieving your lifestyle objectives.
Traditionally, human nature tells us to invest when markets are going up and to sell when markets are in decline. However, we need to change our mindset and invest when everyone else is selling (we pick up bargains that way) and sell when everyone else is buying. Alternatively and for longer term investments, we should be buying when markets are down and hold on to our investments for the long-term.
Time in, not timing
Long-term investing doesn’t involve chasing the latest investment fad. It involves making good sound investment decisions with the aid of professional advice and then sticking to the plan, not jumping in and out of the market every time there is a change.
Everybody has heard of the October 1987 stock market “crash”. If you invested $100,000 in the Australian All Ordinaries Index in June 1987, the value of the investment would have fallen to just under $75,000 in October 1987. Many people were devastated by such a dramatic fall in the value of their investment and they sold out at the bottom of the market, thereby crystallising their loss. If they remained invested, they would have recovered their loss in around two years. Had they continued to remain invested for the next 20 years (to June 2007), their original $100,000 investment would have grown to in excess of $800,000.
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Kylie Wright
Partner
Authorised Representative Number: 245052
Kylie Wright is a Partner of Ulton Chartered Accountants and heads up the seven member Financial Planning team.
She is a Certified Financial Planner and an expert in Self Managed Superannuation Funds. Kylie has made policy submissions in relation to issues affecting SMSFs.
T 4154 0427 E kwright@ulton.net |
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Mick Toohey
Financial Planner
Authorised Representative Number: 336737
Mick Toohey holds a Bachelor of Business in Agricultural Commerce and an Advanced Diploma in Financial Services in Financial Planning. Mick is an experienced Adviser who recently relocated to the Fraser Coast to join the Ulton Group. He provides excellent service and advice in a range of areas to our Hervey Bay and Maryborough clients .
T 4197 6325 E mtoohey@ulton.net |
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Gemma O’Shanesy
Financial Planner
Authorised Representative Number: 304440
Gemma O’Shanesy holds both a Bachelor of Business in Accounting and an Advanced Diploma of Financial Services in Financial Planning. Gemma manages the Financial Planning team as well as providing an outstanding level of service and advice to our clients. She particularly specialises in providing our young professional clients with debt reduction and wealth accumulation strategies.
T 4154 0426 E goshanesy@ulton.net |
