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THE ALLIOTT INVESTMENTS REPORT SEPTEMBER 23, 2009
The key focus of Alliott Investments is the prudent and disciplined approach to the creation and protection of our clients wealth.
IN THIS UPDATE
The Seven Steps of Estate Planning
GOLD
THE SEVEN STEPS OF ESTATE PLANNING
The previous Alliott Investments Report discussed the importance of estate planning and now below we explain the seven step process.
STEP 1 - Vision
Identify what you want to happen in the event of death.
STEP 2 - Reality
What would actually happen now?
STEP 3 - Threats
Identity issues that may impede efficient distribution of assets.
STEP 4 - Adequacy
Establish the adequacy of assets to achieve the estate vision.
STEP 5 - Plan
Establish tasks and objectives which deal with threats and impediments to your wishes.
STEP 6 - Action
Implement the plan.
STEP 7 - Review
Catering for change.
Talk to Gerard Gill today on (09) 520 9200 about reviewing your estate plan by utilising the seven step process.
GOLD GLITTERS
Everyone knows the saying “All that glitters is not gold”.
What is perhaps not fully appreciated is just how glittering gold can be.
In all likelihood the emerging recovery will proceed, albeit weakly, long enough for things to get back into the normal economic cycle pattern. Most of what we are recommending to investors assumes this is how things will pan out. But it could under or over shoot and, if it does, gold could be your best friend.
Overshooting could mean hyper-inflation and gold is a great hedge against that. Land is too, but gold can be bought and sold in smaller parcels, and liquidated very fast. Land and gold share a characteristic that makes them natural hedges against inflation, namely that to all intents and purposes there is a known and limited quantity. More money chasing the same quantity of something will inflate the price of it in proportion to the increase in the money, all else being equal.
And then if things undershoot, it may be because the financial system has another meltdown and, if it does so, most governments will not have the means to again bring in rescue packages such as we’ve seen over the last 12 months. Any system collapse of the financial system while the world is in its current fragile state would be really, really bad. In that scenario, printed paper money (credit cards included) may lose most of its currency (in the true sense of the word) as a means of exchange. That is when gold can come into its own like nothing else.
These are still ‘interesting times’, make no mistake. If you would like to talk with us about how to raise the level of robustness in your investment programme, just in case things under or over shoot, make a time to talk with us. We can review your current plans and perhaps suggest where to make some improvements.
To speak with an adviser phone Alliott's on (09) 520 9200 and ask for David Burt or Alexandra McKenzie or email db@alliott.co.nz.
ALLIOTT INVESTMENTS ADVISORS
INSURANCE AND KIWISAVER ADVISOR GERARD GILL
Gerard is an insurance consultant who operates his own independent brokerage company specialising in both business and personal risk protection and KiwiSaver advice.
In 2008 and 2009 Gerard was named Professional Investment Services (NZ) Adviser of the Year.
INVESTMENTS ADVISOR DAVID BURT
David is an independent investment specialist with responsibility for managing portfolios for many of Alliott NZ's clients.
He offers a consultancy service advising on such matters as reviewing the investment strategies of a family trust, appraising managed portfolios and calculating retirement or other personal funding needs.
David also can assist with the migration of UK pension funds to New Zealand and has found that, in most cases, a proportion of the funds can be immediately freed up as ready cash.
David Burt’s Disclosure Statement is available free of charge upon request.
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