new zealand financial planning new zealand financial planning company ltd. callum forbes

NEW ZEALAND FINANCIAL PLANNING

NEW ZEALAND FINANCIAL PLANNING COMPANY LTD.

CALLUM FORBES

www.nzfp.co.nz


Understand wealth creation 理解财富创造

Assist you to 协助你 :

Role of the Financial Planner

Manage money more effectively 更有效地管理财富

Set financial and lifestyle goals and objectives 设立财产和人生的目标和期望


Assess risk 评估风险

Formulate investment strategies 组建投资策略

Protect you and your assets from loss 保护你和你的资产

Assist you to 协助你 :

Role of the Financial Planner


Your financial plan is a function of your financial objectives

Provide steady income 提供稳定收入

Targeting a specific objective – e.g. world trip 特定目标—例如，周游世界Capital growth

to provide for retirement 资产增值以供退休享用

Save for your family’s education为家庭教育结存Provide an inheritance for

your children/grandchildren 为你的后辈提供遗产 Objectives vary

widely ! 目标多种多样


Where Will the $’s Come From? 钱来自何处？

LIFESTYLEASSETS 生活资产：

Home 房子

Chattels 动产

Cars 车

Boat 船

Bach 艺术品

Collectibles 收藏品

INVESTMENT ASSETS 投资资产

Income 收入

Cash 现金

Bonds 债券

Growth 增值

Property 物业

Equities 证券

Income 收入

___________

Own Business

Or

Employment

自己的生意或雇佣

Save结存

Spend支出

Spend $? 花费


Why do the majority fail to achieve financial independence?

Lack of planning 缺少规划 Lack of knowledge 缺少知识

Lack of discipline 缺少约束 Poor investments 不良投资 Procrastination 延迟 Dependence upon “someone else” to be responsible

for their financial future 依赖“别人”负责自己的未来财富


The ProcessStep 1• evaluate current position 评估现在的位置

• establish objectives•创立目标

Step 2• prepare plan•准备计划

Step 3• implement plan•执行计划

Step 4• monitor and update•监控和更新

MinimiseIncome

Tax收入税最小化

Investment Strategies to Optimise Risksto a Personal Level of Risk 风险控制

Asset Protection

Programme资产保护计划

Future RetirementPlanning退休计划


The Financial Planning Pyramid

Investment

Planning

投资计划

Risk

Management

风险管理

Cash Management

现金资产管理

Estate Planning

财产规划


Your plan reflects:

Your investment time horizon – a greater proportion of growth assets is appropriate for a longer time horizon 投资时间 -- 大部分的增值型资产适合长期性投资

Your tolerance of volatility in returns – a lower risk tolerance implies less growth assets and more income assets 你的回报波动承受能力—低风险承受能力意味更少的增值型资产更多的收入型资产The need for DIVERSIFICATION 需要分散投资

These change over time! – (your adviser monitors this) 这是不断变化的（你的顾问监控这些方面）

This does not change! 这是不变的！


Speculation and DiversificationWhat Was Hot… And was not in 1-5 yrs? What Was Smarter?

1985 Life Insurance Investment ProductsManaged Futures Funds

to Non-bank Debentures/DepositsNew Zealand Investment Company Shares

1990 Australian Unlisted Property Trusts

1991 Capital Stable Fundsto NZ Small Company Shares1995 Phone Cards

1996 Investment Platesto Emerging Markets Funds2000 Ostriches and other exotic animals

2000 Contributory Mortgagesto Index Funds2002 .com Shares

Balanced Portfolio - shares / property / fixed interest / cash: NZ & overseas.

See above

See above

See above


Asset Risk / Return Equation

Volatility of Returns (Standard Deviation)

ExpectedLong TermReturn (%)

Cash

Fixed Interest

Property

Shares


World Share Markets - 20 Year Returns

0.00

200.00

400.00

600.00

800.00

1000.00

1200.00

1400.00

1600.00

Ma

r-8

2

Ma

r-8

3

Ma

r-8

4

Ma

r-8

5

Ma

r-8

6

Ma

r-8

7

Ma

r-8

8

Ma

r-8

9

Ma

r-9

0

Ma

r-9

1

Ma

r-9

2

Ma

r-9

3

Ma

r-9

4

Ma

r-9

5

Ma

r-9

6

Ma

r-9

7

Ma

r-9

8

Ma

r-9

9

Ma

r-0

0

Ma

r-0

1

Ma

r-0

2

Date

Valu

e o

f $100

FTSE MSCI Nikkei S&P500Data supplied by Fundsource - 31 March 2002


Percentage of Time Periods SharesOutperformed Bonds Since 1900


Inflation Risk: Shares vs. Property & Fixed Income

Annual Inflation - Returns over 20 Year Rolling Periods, 1956 - 2002, Pre-Tax.


STRATEGY 策略

ASSETALLOCATION 资产分配

Your

Objectives

Risk Tolerance

Diversified Portfolio Approach

Property Shares Interest

SECTORALLOCATION 区域分布

NZ NZ

NZGlobal Global Global

Individual InvestmentsIndividual Investments


The Benefits of Share Diversification 分散投资的好处

0

20

40

60

80

100

120

140

1 2 4 6 8 16 30 50 100 1000

Company Risk

Market Risk


A Global Perspective

Rest of the World 99.8%

New Zealand 0.2%


The Effect of Diversification Off-Shore on Risk & Return

AverageAnnual

Returns(NZ$)

Risk (Annualised Standard Deviation .%0)

8

9

10

11

12

13

14

14% 16% 18% 20% 22%

International100% - 0%

75% - 25%

50% - 50%

25% - 75% Local0% - 100%


Managed FundsAdvantages 优点

Professional Management专业管理

Diversification 分散投资 Liquidity 流动性 Purchasing power 购买力 Economies of Scale 规模效应 Automatic reinvestment 自

动再投资 Regular contributions 定期回报 Regular reporting 定期报告 Independent research 独立研究

Disadvantages 缺点

Less hands on control 更少的插手控制机会

Taxation issues 税务问题


Direct Funds

Advantages 优点 Disadvantages 缺点

Greater sense of control更大的控制

Seems a simple way to invest 看似投资简单

Less opportunity to spread risk更少机会来分散风险

Your money isn’t being looked after full-time by investment specialists 你的钱没有投资专家的专职看护

Can be costly 可能成本高


Your Investment Should Have These Elements

Security 安全The ability to beat inflation 抵制通货膨胀Visible growth potential 可见的增值潜力Easy to invest in 易于投资 Income tax concessions 降低收入税Flexibility 灵活Professional investment management 职业投资管

理


Portfolio Management Service(PMS)

CLIENT

JACQUES MARTIN NZ LIMITED

INVESTMENT WHOLESALE

NZFP

NZGT

Administration

Trustee/CustodianFunds

Management

ManagementResearchAdviceCommunicationMonitoringAsset Allocation


Evaluation

• Your feedback would be appreciated.

• Contact:– Callum Forbes– [email protected]– www.nzfp.co.nz

new zealand financial planning new zealand financial planning company ltd. callum forbes

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