The financial strategy looks at wealth creation, debt management and retirement planning, while the investment strategy examines asset allocation and investment selection.
Work out your monthly cash flow. Gather all the facts, you need to put together an accurate picture of your financial situation including the assessment of your investment and risk profile, which can range from conservative to aggressive.
Implementation of final plan: A draft plan is then prepared incorporating the advice, recommendations and reasoning for proposed actions, including a full disclosure of costs, to meet your specific financial goals and objectives. This plan is then reviewed by you and modified where necessary. A final plan should then be agreed.
Set financial goals: Write down your short, medium and long term income requirements, expenditure estimates, as well as identify any other personal and business needs.
In the grand scheme of things money is not that important. What is important about money is that it enables you to enjoy the things which are important to you.
Identify options: After analysing information on all the available options, they will then develop the most appropriate financial strategy for your objectives. By taking advice from a fee based indpendent financial planner, they should be able to identify a variety of financial strategies and investment vehicles that fit your investment and risk profile.
Portfolio and Plan review: Your portfolio and plan should be reviewed on a regular basis. This can be discussed with the indpendent financial planner. As your needs and circumstances change, a review of your plan can identify whether changes are required to your portfolio
Burnaby Realtors Ongoing Review and Management: On an ongoing basis, your investments and investment structures must be regularly reviewed with regard to your situation, goals and objectives to ensure that they remain appropriate. Financial planning is an ongoing process. The preparation and implementation of the recommendations
arising from the plan is only the start of the financial planning relationship.
Often strategies must be adjusted to make allowance for changes in your circumstances and goals. Essentially a plan will grow with you and your goals for the future. Our economic environment, government rules and regulations and your personal situation will continually change over time.
For more details about Burnaby Townhouses
Burnabyhomes: Born and raised right here on the Westcoast, I have been lucky enough to call Greater Vancouver and more specifically Burnaby home my entire life. Burnaby is 20 minutes from just about everywhere and a great location for my home office. I reside here with my wife, 2 daughters and our family cat and dog! I am always amazed by the fact that the more places in the world I go, the more I appreciate what lies in my own backyard. I truly believe that Vancouver is the greatest city in the world to live.
No comments:
Post a Comment