Market Update – April 2024
22/04/2024
In your Fifties
30/04/2024
One of the recurring themes I encounter when speaking to couples in their forties is how they can possibly achieve all their goals.
They want to establish a good family home, build wealth, care for their children and enjoy quality family time. That often means:
- Upgrading or renovating
- Investing (shares or property)
- Sending their kids to private school
- Family holidays
Upgrading or renovating is costly and requires an upfront cash contribution of say ~$1 million, while funding ongoing investments, school fees, holidays etc may cost more than $100,000 per year.
So even if both parents earn substantial incomes, it can be difficult to fund all four things at once — or at least to the desired level.
If you’re in this situation, establishing your priorities is essential. Modelling different scenarios and creating a financial plan can help set you on the right path.
In other words – speak to a financial advisor.
This is general advice only. Please speak to a licensed professional for personal advice related to your specific situation. If you want expert advice on achieving your goals, speak to Affinity Private Advisors today by calling 1300 769 304, emailing enquiries@affinityprivate.com.au or filling in this online form.
The information contained in this article is current as at 23/04/2024. Any advice or information contained in this report is limited to General Advice for Wholesale clients only.
The information, opinions, estimates and forecasts contained are current at the time of this document and are subject to change without prior notification. This information is not considered a recommendation to purchase, sell or hold any financial product. The information in this document does not take account of your objectives, financial situation or needs. Before acting on this information recipients should consider whether it is appropriate to their situation. We recommend obtaining personal financial, legal and taxation advice before making any financial investment decision. To the extent permitted by law, Affinity Private Advisors does not accept responsibility for errors or misstatements of any nature, irrespective of how these may arise, nor will it be liable for any loss or damage suffered as a result of any reliance on the information included in this document. Past performance is not a reliable indicator of future performance.
This report is based on information obtained from sources believed to be reliable, we do not make any representation or warranty that it is accurate, complete or up to date. Any opinions contained herein are reasonably held at the time of completion and are subject to change without notice.
.
