Only fools rush in without plans

Written on the 12 May 2009

 

PICKING a financial planner out of a pool of competitive companies need not be a nightmare
Quill Group believes choosing the right advice should be easy. The company uses short, medium and long term classification for investments so that in volatile times, investors have adequate reserves of low risk investments to draw for their living expenses. But investors are warned not to rush in.
Quill Group adviser Mark Beveridge offers a simple mantra: “Getting wealthy through investing is not easy, but it is straightforward.”
He explains that it is not easy to cope with volatility, to live within your means, to ignore the get-rich-quick schemes; but it is straightforward in that by following the foundation rules of investment and financial planning, results can be achieved by ordinary people.
Before choosing a financial planner, consider these four points.
1. Make sure your adviser is licensed by ASIC, or an authorised representative of an entity licensed by ASIC.  You can check this for free at www.asic.gov.au.
2. An adviser should have at least five years experience in the financial planning industry.
3. Make sure that they do not seem to be pushing just a single product or trying to give you a ‘one-size-fits-all’ strategy.
4. Make sure that are willing to invest the time in understanding your particular cash flow and tax situation and that the advice addresses those circumstances.

Latest News

APOLLO REVS UP ITS RESULTS

APOLLO Tourism & Leisure (ASX: ATL) has hit its profit forecast in its maiden result as a publicly traded company...

JASMINE YARBROUGH AND TAMIE INGHAM TAKE MARA & MINE TO HOLLYWOOD

MARA & MINE entrepreneurs Jasmine Yarbrough and Tamie Ingham (pictured left and right respectively) slipped in...

HUGE PROFIT SPIKE FOR HELLOWORLD HEALS MERGER WOUNDS

HELLOWORLD (ASX: HLO) gripped the share market this morning after its announcement of a whopping 880 per cent increas...

PROFIT DROP AT SERVCORP

SERVICED office company Servcorp has seen its profit fall, citing New York City, Singapore and Saudi Arabia as the pr...

Related News

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

TEST DRIVE A POST GRAD AT BOND

THERE'S only one way to really move your career into the fast lane, says Bond University, and 'test driving...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter