Investing can be very daunting. Where do you start? What strategy do you use? What do you invest in? Shares? Property investment? Managed Funds? Fixed Interest? Cash? All the above? There are a lot of options.
We have all heard the saying “don’t put all your eggs in the one basket”, so what do you do if you don’t have enough money to spread around all the different assets available?
D&M Financial Services provides independent financial and investment advice that is simple and easy to understand. We work with you to understand your needs and use independent specialist research to make sure the advice provided to you is appropriate, independent and in your best interests.
We offer a free initial, no obligation consultation, to discuss how we can help you and your family with independent financial and investment advice – Contact Damien Burns direct on 0413 698 770 today – We cater to all areas of Greater Melbourne including Beaconsfield, Berwick, Narre Warren, Pakenham, Officer, Clyde North and more.
To learn how we can help you and your family with Independent Investments and Financial Advice call Damien Burns on 0413 698 770 today!
Reducing risk by creating a more diversified portfolio
Daniel, age 43, and Megan, age 39
Two children, aged 15 & 11.
Annual family income of just over $155,000
Family home paid off valued at $700,000
Superannuation assets valued at $270,000
Two investment properties valued $750,000 with debt of $530,000
$25,000 in shares
Daniel and Megan’s short term goals are to invest in another property and complete some renovations on the family home. Their long term goal is to retire early at age 55 and live comfortably in retirement. They would also like to be debt free. After analysing the clients’ situation and goals, despite their good financial position, the couple would not be able to reach their goals on their current path. They will have a shortfall of $1,035,000, based on retiring at age 65 – not even the desired early retirement age of 55!
Using the equity from their home and their surplus income, a strategy was developed where they were able to increase and diversify their investment portfolio, increase their superannuation assets and be able to meet their specified retirement objectives.
This case goes to show that although you might be in a good financial position, you can always create more wealth using the right investment vehicle and strategy. It is also good to look at your goals and ensure you will be able to meet them, rather than just assuming that you can.
Please be aware that this is a case study and that individual circumstances can be different and thereby achieve differing outcomes. Please take advice from a professional financial adviser