- Today I had Norman* a client who originally was the technician for our printer 30 years ago who called to say he would like to increase his investments by 300p.m.
Now I do know his circumstances as I should as he sends in his regular cashflow sheets, he has two teenagers & his wife works only on the weekends in aged care as she is a nurse.
So my suggestion was to
- Take a short holiday as when did they last have a weekend away in Noosa
- Then pay down his now deductible home mortgage debt [yes]
- And yes super is a taxx efficient solution but his income hardly justifies it.
- Call us after your holiday as your family will remember it always.
- On Saturday morning I had Kevin* for a review of his situation as we are now at the next stage.
So my suggestion was ‘why not remove the mortgage off your house as you can pay it off’.
Yes we had overtime converted his debt to deductible debt & now that debt is also off.
Kevin* says’ I was thinking about that’
Yes having no debt is a significant stress reduction.
Now what do we do with the extra savings now that he is saving the maximum that he is allowed to p.a. into his super?
Now into that non super helped to pay down his debt & we started 15 years ago.
- Let’s not forget the young Foodie who commented how much her portfolio with a major fund manager had gone up on her last statement.
Yes it was invested some 15+ years ago & the exponential curve is steepest the higher & longer it goes.
4. William just now asked us to buy a share through the platform for him.
Our suggestion to him is that the share broker’s research that we can access says that it is not a good Buy in fact a Sell.
We have sent him the research & his decision was not Buy at least today.
Not advice but caring.
Small successes for us but major wins for our clients.
All happy
Yes sir.
