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The Sandwich Generation

July 13, 2015 Filed under Personal financial management, Retirement

The changing nature of families is putting real pressure on middle aged adults who are having to support more than one generation. These are the members of the so-called sandwich generation. Increased longevity means that retirees are more likely to run out of money before the end of their life and turn to their offspring for help.  Read more from Liz Koh at Moneymax

Build Wealth with Old-Time Money Values

September 9, 2014 Filed under Personal financial management

Our forebears lived through hard times and, if they were alive today, would no doubt remark that we live in luxury by comparison.

Despite their meagre household incomes and large families, by  and large they were able to provide the essentials of life for their families without handouts from the Government and without going broke. Read more

Apples and Oranges

February 28, 2014 Filed under Personal financial management

There is a plethora of options available for investors wishing to place their money in a managed fund or portfolio.

Differences in the way fees are charged and returns reported have made comparisons between funds akin to comparing apples with oranges.

A simple approach for investors is to compare investment funds based on their most recent net gain in value after all fees and tax. In recent times, there has been a huge variation in performance between different investment portfolios, prompting investors with returns at the lower end of the scale to query whether their money is in the right place.

Comparisons between portfolios need to take into account the nature of the underlying assets; otherwise it is yet again a case of comparing apples and oranges.

Over the last 18 months, there have been huge gains in the share market and as a result, portfolios with a high weighting towards shares have significantly outperformed those with a much lower weighting towards shares.

This is not necessarily a reflection of the performance of the fund or portfolio manager, it is simply that shares outperformed other asset classes over that period. Of course, investing in shares offers the potential of high returns but also the risk of negative returns, which we are seeing at present.

While it is tempting to invest heavily in shares when returns are good, experience has shown that the turning point in performance can only been seen with hindsight. It is better to stick to a strategy where you are comfortable with expected losses as well as expected gains. When shares are doing extremely well, your gains may be less, but when shares are doing badly, your losses will not be as great. Understanding your attitude towards risk as well as return is vital for investment success.

Liz Koh is no ordinary financial planner. Sure, she can give you the best possible advice on how to manage your money and increase your wealth. But her mission is much broader. It’s to help you enjoy life—to the max!

Take charge of your own financial destiny and create wealth using the tools and methods available on the Moneymax Coach Website

Get More Happiness for your Money

December 16, 2013 Filed under Personal financial management

One of the world’s most successful investors, Warren Buffet, made a pledge in 2006 to give away 99% of his fortune during his lifetime or on his death.

Since making this decision to give away his wealth, Buffet says he ‘couldn’t be happier’ and ‘the asset I most value, aside from health, is interesting, diverse, and long-standing friends’. Read more

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