The Coronavirus is having a massive impact on society. Many of our clients, Australians and people across the globe are concerned for their own safety and that of their family. We are asking ourselves a whole range of questions including:
We don’t have answers to these questions but what we do know is that it is vital to ensure, while fit, competent and able that you safeguard your financial affairs by giving a spouse, relative or close associate your enduring power of attorney (EPOA). This enables your EPOA to act on your behalf if you become sick, are quarantined for a long time or become incapable of managing your financial or health affairs. In addition, your EPOA may be given the power to take your position as trustee of a self-managed super fund if your deed allows. Each State has its own EPOA legal requirements which we are fully aware of.
When deciding which investments are right for you, it is important to understand the trade-off between risk and return and how to manage investment risk.
By setting goals, planning ahead and being smart with your savings and debt strategies – you can actively grow your wealth even from a
Many investors become concerned when volatility occurs in global financial markets – particularly about the impact on their superannuation and other investments.