Early in the new financial year it’s a great time to reflect on what we should be doing now.
The concept of “what should I be doing now?” has become a central theme within the NSG group.
On the basis that doing nothing is simply NOT an option, if you want to achieve your goals in life, no matter what the economic climate or your employment position.
There is always something you should be doing or investigating.
“Most would agree it’s been a tough year for investors across the globe. The uncertainty and fluctuations across all sectors of the markets and the economy have brought a nervousness and anxiety to the general public that we haven’t seen for many, many years.”
As you can imagine throughout the year our group literally meets thousands of working Australians across an incredible range of circumstances.
We have recently recommenced our Investor Survey Campaign and the statistics that are flowing from this are once again confirming less than 10% of Australians believe they are on track for a comfortable retirement.
Interestingly, even during this recent extended period of uncertainty, our private clients are working with their client managers to significantly improve their financial position by implementing at least one or more of the core principles of NSG:
- Manage your investment debt and reduce non deductible debt.
The creation and management of a surplus and knowing what to do with it is critical.
- Develop manage and continually review a tailored tax strategy.
Two of life’s certainties are taxes and changes. Combined an unaddressed these are a nightmare!
- Increase your asset base with reference to your asset targets.
No target combined with no action = guaranteed failure.
- Maintain a positive goal focused outlook on life.
We are guided missiles make sure we have a target
Even in the current financial circumstances, in fact particularly in the current financial circumstances, these core principles are so critical.
It’s an opportunity to develop great habits in tough times and to position our portfolios to take advantage of any bounce.
One thing that has become clear from our activity during the 2012 financial year is the acceptance of and comfort with the NSG structure of attaching private client manager to each client has been outstanding.
Client feedback has exceeded our expectations.
As a result we will be continuing to develop the benefits and services that extend to our private clients.
As a matter of review and interest, here is a list of our highest rate of inquiry from clients of our various divisions:
- Repaying home loans and other consumer loans faster than planned.
- Debt restructuring to generate tax advantages
- Reducing tax and securing an investment property in the current buyer’s market.
- Exploring Self Managed Superannuation.
- Understanding the share market.
Let us help you through the maze of your finances with your own NSG
Private Client Manager.
