99.9% The Same

Have you ever wondered why other people have better or worse lives than you, or what you need to do, or are doing differently and why?

It’s fairly well known that we are not the people we used to be and I mean that quite literally. We shed our skin over roughly 27 days and our bones replenish themselves every ten years. Yet we share 99.9% of our DNA with all other humans!

So if we share the same structure and yet we keep changing ourselves over the years, we surely have the ability to change what we want from life and to do what’s necessary to achieve our wants if others can.

Darwin spoke about the survivalist being not the brightest, but the one most able to change, and the Italian economist Pareto said 80% of the value of anything is in the top 20%.

Being rich or wealthy is not about your level of education, it’s about the choices we make. Do we leave our money in bank accounts which lose value compared to inflation, or do we invest in stocks and shares, property, or both? Do we take a cautious approach or build in more risk?

The answer will depend on when you need the funds and what they will be used for.

Do we invest in a fund and leave it, or invest in a number of funds which are switched in relation to changing world events, and if so, who is going to do the switching and when?

Traditionally, investors used a financial adviser who reviewed their funds when they met each year. The problem with this is that fund switching depended on when you met and that would seldom be the right time to change. Usually several changes a year to either fund, or allocated percentage are required.

Today, Wealth Managers like Beacon exist with an in-house investment team with full discretionary permissions to make changes when they feel it’s needed, who are managed by Chartered Wealth Managers whose sole role is portfolio management.

If part of your New Years Resolution is to “improve your lot” then Beacon can help with your Financial Planning and Wealth Management. We can help you with your thoughts on what you want and how it may be best achieved. Of course, my recommendation is first find a Chartered Financial Planning practice and talk to them about how they work and what they can do for you. After all, we and others like us need to be able to do what you need to add value.

Our highly qualified experts are here to help, call us on 01480 869466.