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“It's only when the tide goes out you know who's swimming naked.” Warren Buffett.This quote from Warren Buffett is referring to people going out on a limb when taking investment risk and finding themselves over-exposed when the market corrects. However, it can also apply to other areas of our...
Our grandparents could buy blue chip stocks and put them in a drawer without concern for 20 years. They invested in solid and dependable household names, such as banks, mining companies and department stores that were part of their lives.
As clients come within 10 years of retirement, we tend to see their focus (and tension) increase when it comes to how their investments are performing and the level of income they generate.
Unfortunately, none of us are getting any younger and some of us will need to navigate aged care for parents, and perhaps for our partner and ourselves as the years roll on. But what does this actually look like in practice?
Generally, we all like to think we make sound logical and rational decisions. Even politicians think this, but after recent events that is more questionable than ever.
A new year is always a good time to take stock of your finances.