Welcome to Finance and Fury

Today we will be going through the workbook itself

  1. How to put the goals and risk profiles together
  2. How to work out the investment philosophy and strategy
  3. How to put together the investment plan and checklist

Three downloads – Found on the website

  1. Goals and Risk Tolerance
  2. Philosophy and Strategy Workbook
  3. Investment Plan Workbook

You can also get it by subscribing on the website,

We want your feedback, it is not set in stone – we need your help to make this better for everyone.

Goals and Risk tolerance:

  • Fact find about yourself
  • What frustrates you?
  • What do you want to improve?
  • What are goals? What are financial goals?
  • How do we separate them into short term, medium term and long term goals?
  • Give an example of what you want to achieve
  • This helps clarify what’s important to you, and gives 4 options
  1. Home
  2. Family
  3. Wealth
  4. Lifestyle
  • Ranking these in order of priority to you, to help focus on what is important now
  • A matrix about you: what is currently frustrating for you? What is holding you back?
  • What are the 5 things that you would spend your time doing if you weren’t working?
  • What are the things you enjoy doing, that are practical?
  • What is the value of these things?
  • What are you working towards? What will you be sacrificing for?
  • Goal planning: why is each one important? How much will you need?
  • Target amounts and target dates are required, check out the workbook!

Getting to know your Risk tolerance:

  • Personal situations and what kind of investor are you?
  • What are your personal experiences?
  • How confident are you? This can hinder your financial development
  • What are your investment expectations and behaviours?
  • How do you respond to market volatility?
  • If I want a greater annual return I need to be consistent with my tolerance of volatility
  • What is your experience and what are you comfortable with?
  • What does your risk profile say about you?
  • Some example allocations mentioned in the workbook!

Investment Philosophy:

  • What is it?
  • Set out your beliefs to generate your investment strategy
  • Investment beliefs – what do you believe investments are? What has your relationship been with investments?
  • What is the purpose for investing?
  • Combine your beliefs and purposes to form an investment philosophy

Investment Strategy:

  • What are your goals and timelines?
  • These will impact the next stage of your strategy
  • Work towards becoming more financially literate
  • What is your tolerance of volatility? How do you react to volatility?

Investment Plan

  • Figure out what you want you need first – Hardest part for some people to answer
  • Look at your expenses: What your ideal lifestyle costs?
  • Also, when do you want it by? Time matters thanks to inflation – $1 today is not $1 in 10 years
  • Reverse engineer your targets
  • Just do it – Action is more important than planning
  • Checklist – go through each option to implement

This has been an overview of the first 2 workbooks. Start working through them, and let me know if you have any issues with them.

We are expecting you to let us know how to improve this workbook, and all other workbooks we make

Visit financeandfury.com.au to leave feedback over on the contact page.

 

Resources:

Invest in yourself – https://financeandfury.com.au/one-of-the-best-places-to-invest-in-2019-is-to-invest-in-yourself/

Goals – https://financeandfury.com.au/goals-for-the-new-year/

Risk tolerance – https://financeandfury.com.au/risky-business/

Investment mix – https://financeandfury.com.au/perfect-investment-mix/

Investment philosophy – https://financeandfury.com.au/how-do-i-make-an-investment-philosophy/

How to build an investment strategy – https://financeandfury.com.au/how-do-i-make-an-investment-strategy/

Investment strategy to fit your goals – https://financeandfury.com.au/building-a-strategy-to-fit-your-goals/

Tax Scams and the Brexit Mess

Welcome to Finance and Fury, the Furious Friday edition. Today we are discussing what is happening with Brexit? At the time of the release of this episode, we will be approaching the 11th hour of the 2nd deadline to negotiate a deal for the UK to leave the EU. Why...

Furious Fridays: Dissecting Labor’s plans for housing affordability

Furious Fridays Dissecting Labor’s plans for housing affordability Welcome Finance and Fury’s Furious Friday episode. Today we’re answering the question we asked on Wednesday about Labor’s polices and their promises to lower housing prices/increase affordability. If...

Don’t get tricked! How to avoid living in a Trauma-based society by building towards your own future

Welcome to Finance and Fury, the Furious Friday Edition Today's episode is number 3 in this series – check out last 2 FF eps  episode 1 episode 2 Last ep – talked about media and the realities that they create – but they are not consistent – and massive hypocrites...

The Financial Curse – When a Financial System does more harm than good

Welcome to Finance and Fury the Furious Friday Edition On the last episode we talked about the City of London Corporation, a mini plutocracy Today we are exploring at what point does a financial sector state to crowd out real economic growth? Referred to as the...

Say What Wednesdays: Swiping left and swiping right – living in a cashless society

Say What Wednesdays Swiping left and swiping right - living in a cashless society Welcome to Say What Wednesday! Today’s question comes from Katherine. “I heard a story on Hack the other day about Sweden becoming a cashless society – Can you explain this further? Is...

Say What Wednesdays: Shorten Vs Morrison

Say What Wednesdays Shorten vs Morrison Government "Spending" Everything is portrayed as a ‘cost’, which is ironic. “Costs” from the Government’s perspective is simply NOT charging you tax. Not taking all income earned is a trillion-dollar cost to them.  ...

Say What Wednesdays: Where to start when you don’t know where to start; financial literacy in an age of information overload

Say What Wednesdays Where to start when you don't know where to start; financial literacy in an age of information overload Welcome to Say What Wednesday - Today’s episode is a special one! Plus there’s a bit of an announcement at the end. This all started with a...

Why aren’t conservatives conserving anything?

Welcome to Finance and Fury, the Furious Friday edition Today we will be talking about conservatives and why they are not conserving anything anymore. In particular, the new form of conservatives the neo-con conservatives and the noble lie or the big lie. Remember the...

The deal with proposed Changes to Franking Credits policy

Say What Wednesdays The deal with proposed Changes to Franking Credits policy Welcome to ‘Say What Wednesdays’, this ‘Say What Wednesday’ is brought to you by Adam and Tate, they both asked separate questions about the Franking credit issues and just to help clarify...

Furious Friday: What are the 4 Cons for Supply-side Economics?

Welcome to Finance and Fury, the Furious Friday edition. We are continuing the series on supply-side economics. Today we will focus on the down-side of supply-side economics. Remember, supply-side economics believes that governments should remove barriers to...

Pin It on Pinterest

Share This