In this article, I propose a powerful exercise. Group all of your assets into three categories: “investments” (assets that generate an income for you), “home” (assets that provide you with accommodation), and “stuff” (everything else). What is the current composition? What composition do you want as you head towards retirement?
- accelerate allocation asset-based fees asset allocation behaviour business career risk careers commission conflicts of interest debt repayment decumulation diversification ethics Fairhaven Wealth fees financial advice future happiness homes independence index funds insurance investing Kiwisaver media overconfidence planning prediction priorities property regulation relationships retirement risk risk and return risk management saving self-insurance Simplicity trust uncertainty unconflicted values wealth