February 2020 Newsletter

March 19, 2020

In Financial Planning we tend to focus on short, medium- and long-term client goals and objectives.

Short term goals tend to be 12-24 months, medium-term a decade, and long-term goals to retirement, a lifetime, or inter-generational.

From a medium-term perspective, it is often good to look backwards to understand just how quickly deferring savings decisions can pass, and why time in the market rather than market timing is so important.

If you would like to sit down to review your last 10 years, and update your current plan for the next short- or long-term goals for you or any other family members, we hope this newsletter gives you some reason to make this decade a financial success.

Unfortunately, the year has started with both tragedy and personal triumph with bush fires, wild storms sweeping our great country as well as a deadly virus breakout at this stage in parts of Asia.

Australians have reached deep into their pockets to assist those impacted, particularly those who have been left homeless, lost businesses, loved ones, or live in a community that may be in a form of recession for up to a decade in some instances.

Insurance companies have been fielding record levels of claims for fire and storm damage and as advisers we hope the homes, fire and storm randomly selected, were those homes fully insured and a greater percentage than we have seen in many other tragedies or previous catastrophes.

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