Much will be written about what happened in financial markets last year, but there are three key lessons investors can take out of 2023. Join Dr Steve Garth as he covers these lessons.
What is the value of working with a financial adviser? One view is that advisers have unique insights into market direction that give their clients an advantage. But of the many roles a professional adviser should play, soothsayer is not one of them.
Australia, earth’s driest continent, experienced national rainfall in 2017 that was 8% above the historical average. The year was the 30th wettest on record, according to the Bureau of Meteorology.1 But the story is more complicated than that.
Often these behaviours are the result of conditioned responses. We can have both good and bad investment habits. The key takeaway is understanding how they are created.
In his excellent book, The Power of Habit, Charles Duhigg explains why we continue to do self-destructive things. According to Duhigg, there are three components to forming a habit: cue, routine and reward.
As financial advisers, we take on many roles in our clients’ lives, such as; Strategic Planners, Coaches, Trusted Advisers, Counsellors and of course Investment Advisers. In this article, I wanted to highlight the benefits of the outstanding academic investment philosophy we deliver to you.
Financial literacy is one area that is not widely taught at school but is definitely required for everyday living.