Wealth Management
Building wealth can be an exciting prospect! Investment in it's purest from is simply about investing a dollar today, to earn two tomorrow (Metaphorically speaking of course!). Money derives a return over time, and generally the longer the investment period, usually the less risk (and return), and vice versa.
Practically, there are three main routes to derive wealth in addition to salary and wages. They are Real Property, Shares and Financial Instruments and Private Business Investment.
- Real Property
The old investment adage of “bricks and mortar” is not quite what it use to be! High Capital Growth on property prices over the past two-three decades, and more recently tightened lending restrictions, has made it difficult to enter the market as even a homebuyer/occupier!
Property is however still a solid investment as the costs of “blackhole” rental expenditure will usually offsets any interest costs on mortgage repayments (not to mention any capital growth, and negative gearing!).
In essence, Property is about timing! Being in the right place at the right time is paramount! GoldNumbers can act as independent advisor when selecting a property for either Investment or Occupier purposes, and consider all your Tax and Financial requirements.
- Shares and Financial Instruments
So what about the Stock Market ? It appears that many have lost the appetite for stock investing since the GFC wrote off Billions of dollars from Capital markets in 2008. We are gain witnessing a major upheaval in global markets in the wake of Corona Virus and other major world events.
It is important to be particularly prudent in this environment and go with only the most trusted of Financial Advisors! GoldNumbers partners with some of the the most reputable Financial Services firms, and will ensure you receive the highest level of service from their network partners.
It may also be worthwhile considering a Digital Advisor as part of your Investment profile. These E-platforms provide returns averaging 5-25% p.a. (over a 5 year period) and take the complexity out of stock investment for everyday Australians!
- Private Business Investment
Private Business Investment has always been a high risk/high return strategy. One must remember though that many of the world's best know brands started off as small privately owned business.
To be successful in this space one must have clearly identified a need in the market for this service or product. Knowledge of the product/service, market, customers and competitors is essential! Gaining market share and building your brand, may take time for a small business also, so upfront capital maybe required!
Any successful investment strategy requires the accumulation of Capital! This usually comes firstly in the form of savings from Salary and Wages, and constitutes the first step in building Wealth! GoldNumbers works with clients to develop budget/s, and a financial blue print that incorporates lifestyle preferences, as well as future wealth aspiration !
Don't be left behind in the Wealth stakes! Enquire at GoldNumbers today and set yourself up for tomorrow!
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