Plan 2 Prosper

Only a few more sleeps until Santa comes and visits my little boys … and aren’t they getting excited.

Our plan to buy some gifts throughout the year to ease the financial burden has worked wonders for our bank balance so far. Now we just need to be careful of how we spend our money while we are travelling and visiting relatives.

Not wanting to sound like an ‘Ebeneezer Scrooge’ but I have learnt and am amazed the boys enjoy the less costly activities while travelling just as much as the more expensive treats.

Our very warmest wishes for a safe and prosperous end to 2006 and beginning to 2007.

No !! Well you’re not alone.
Due to recent interest rate rises, concerns with inflation and the current price of bananas, many of us have been (and continue to be) concerned about our household budgets and day to day finances. For many, this concern has meant you haven’t been able to fully enjoy the fruits of your endeavours.  (I read in a paper on the weekend some people have been craving the taste so much they are paying exorbitant gourmet prices for a slice of banana on a plate).

Those people with good cash flow management strategies in place haven’t been troubled quite so much. They have been able to harness their cash flow to reduce any inefficient debt which has meant in times like these (and festive season spending around the corner) the proverbial belt hasn’t needed to be tightened further.

Where to from here?

• Contact us
• Get more information about an Educational Forum for you and your friends
• Register and receive regular email updates

Dan Smith is a self employed Financial Planner based in Rockhampton. He has clients in various locations throughout Australia but predominately in Central Queensland and specifically the geographic area encompassed by the Rockhampton Regional Council.

In a his recent article in Money Management (November 30, 2006), Liam Egan refers to a Chant West survey to form his opinion that “in normal market conditions and a reasonable timeframe the multi manager model (to investment) does indeed deliver added value”. He further reports “that over full market cycles they add value relative to the markets they invest in and, from the other measures we use, we know they do so at lower risk than the average single manager product”. The second message inferred from the Chant West survey analysed was that “most of the added value is derived when market returns are normal, neutral or even negative. In other words, multi-manager structures tend to ride with the upswings when markets surge and cushion investors from the worst of the damage when markets fall”.

Where to from here?

• Contact us
• Get more information about an Educational Forum for you and your friends
• Register and receive regular email updates

Dan Smith is a self employed Financial Planner based in Rockhampton. He has clients in various locations throughout Australia but predominately in Central Queensland and specifically the geographic area encompassed by the Rockhampton Regional Council.