Morning all,

Ok to run through some of the queries. I am only going to give some general responses. My industry is heavily compliant, so if you want specific advice based on your personal situation, let me know and I can organise a time for a chat.

So going off a few area's that have been bought up, one thing to consider is **** happens. What can look rosy today can be a completely different kettle of fish tomorrow and in the future. So one thing is to make sure what you have got is protected through the relevant insurance. Anyone's biggest asset is not their house, car etc it is their ability to generate an income. So one thing is to ensure having the correct personal and business insurances in place.

Diversification is another one, do not put all your eggs in one basket. There are 4 things that generate growth, Super, Managed Funds, Own business, property. Super is an excellent vehicle for forced savings and long term growth. For the average 30 yr old they will need super/ income producing assets of around $1.6million at retirement to generate a comfortable income. Also remember we are living longer, for some people retirement maybe be 20+ yrs. Back in the day aged pension/ retirement was based on the fact that most people dropped off after 3 yrs. That has changed dramatically since then.

When it comes to investment properties, it pays to do the sums, also remembering the days of massive growth on property has been and gone and that it is more likely going to be incremental growth.

Thing is most people have a cashflow strategy, most don't have an investment strategy.

As for SMSF, yes one does need to have a certain amount to invest. Secondly only a fool would set one up if they didnt have the relevant knowledge and experience/ or a good adviser, plus the time. Again there are pro's and cons and again would depend on a persons situation and whether it would add or detract to what their goals are. It's almost become a bit trendy and there are people definately out to flog "SMSF" hence going to an independent adviser ( like myself) who isn't product aligned.

Thanks for all the scenario's, hope it helps. Note none of this is intended as advice but a general commentary. For advice for your situation, organise a time with myself ( initial chat/ financial health check up is complimentary) or see your adviser,

Regards

Stevo