Long before self-managed superannuation funds were invented and became today’s investment accessory of choice, there were family trusts.The extraordinary growth in SMSFs does not mean that family trusts are no longer relevant. In fact, family trusts provide tremendous flexibility for managing investment portfolios and family wealth
Managing personal finances today is more complicated and more important than ever. Sensible financial management means much more than budgeting and putting money away for retirement. It means being equipped to handle a lifetime of financial challenges, needs and changes; figuring out how to build assets and staying ahead of inflation; and choosing wisely from a constantly widening field of savings, investment and insurance options. When it comes to finances, we are faced with more pressures and more possibilities than ever before.
Market volatility unnerves people. That’s natural in a world increasingly geared around the short-term.Global markets are providing investors a rough ride at the moment, as the focus turns to China’s economic outlook.But while falling markets can be worrisome, maintaining a longer-term perspective makes the volatility easier to handle.