Guarding the basecamp
When we sit down to build a financial plan, our eyes are naturally drawn to the summit, not the basecamp. We focus our energy on the big, inspiring goals: retiring with dignity, leaving a meaningful legacy, aiming for financial independence or funding our children’s education. We engineer our long-term investments to weather global economic storms and compound beautifully over decades. But in our rush to conquer the mountain, we often forget to protect the basecamp. A […]
They may not show up on your statement
One of the metrics used extensively in the financial profession to evaluate a given decision is the Return on Investment (ROI). It’s used in other areas too, like in marketing and operational planning meetings for larger companies and corporations. This metric drives us to optimise portfolios to chase the highest possible yield. We scrutinise management fees, track our compound interest, and celebrate when the graph moves up and to the right. In the world of wealth […]