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  The Process Of Change

Before anything can be improved for our clients there has to be changes made, these changes could be very slight or they could be quite severe, depending on many factors.

Assume this situation

Our client has $300,000 sitting in a bank account paying 1.5% annual interest, the money is not needed for anything in particular but the client does not wish to take undue risk with his hard earned money as he wishes to retire at 55 in five years time.

In the country where he is living the annual inflation rate is 4% so he is loosing money at the rate of 2.5% pa before bank charges are levied.

By moving the money to a capital guaranteed low risk balanced fund over the five year period he could achieve around 7% pa net of costs and have the best investor protection plus the knowledge that his capital is secure.

A difference of MASSIVE proportions by making a change which would take no longer than two meetings with one of our consultants.

The main concept of making a change for the better will follow a path called the Financial Planning Process, with increasing pressures of work it seems that we have less and less time to devote to running our home lives and nowhere is this more evident than in the area of personal finance and monitoring our long term investments,

If you have bothered to make any?

To make successful changes we must first go through the following process:
  1. Gather information
  2. Identify your needs and objectives
  3. Develop a plan of action
  4. Analyse the options available to you and carry out due dilligence
  5. Implement the plan
  6. Monitor your progress and make changes when required
This process is tried and tested and is taught to all qualified professional Investment Consultants throughout the Financial Services Industry.

The cost of delaying to make a plan or implement a change can be financially catastrophic in the later years of life, it has been said many times and will be said many times again, "THOSE THAT FAIL TO PLAN ARE PLANNING TO FAIL"
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