The Case of Mr & Mrs "Do-It-Yourself"

David and Elaine Do-It-Yourself were living off the income and some of the capital they had accumulated over the years. After allowing for various pension incomes, David & Elaine were supplementing their income from their savings. If interest rates went up they spent more. If interest rates went down they spent less.

Over the years they had accumulated various PEP's and ISA's and a few shares. Mostly bought off the page from leading investment houses who tempted them with 'promises' of high returns. So they bought in.

Trouble is, knowing when to buy is one thing, but knowing when to sell is another! So David & Elaine had gradually built for themselves a portfolio that they didn't understand – but of course they were too proud to admit it.

Worse. Every Sunday saw both David and Elaine scouring the Money pages in the Sunday papers, and opening the immense amount of Direct Mail received from their various investment providers.

Then the markets went down.

David & Elaine were worried. So a friend referred them to one of our AFA's™.

Our AFA™ met with them and analysed their position; he looked at all of their various investments and their income situation. More important he got David & Elaine to think about their expenditure requirements and how much they would LIKE to spend to give them the life they wanted.

Then he 'crunched their Number'.

Here's what he found.

Option 1:

David & Elaine could keep doing what they were doing. Living off interest and dividends, forever fearful of market movements over which they had no control, forever afraid to dip into their savings, just in case. Forever going without. Forever cutting back.

Or they could consider: -

Option 2:

They could ask themselves "What's most important?" To constantly worry about such matters, or to consider the option of planning to live their life with the INTENTION of spending their liquid capital in their lifetime, leaving their home and personal effects to their children when they eventually died. After all, even their children were saying that they "wish Mum and Dad would spend it!"

So our AFA™ helped David & Elaine understand just how much return they needed on their investments so their money lasted their lifetime. This meant they could actually spend more, yet take LESS risk with their investments, and in the process consolidate and simplify their portfolio to reduce charges.

More important, David & Elaine got their life back. No more reading papers. Instead more fun! More eating out, more holidays, more treats for the grandchildren.

For David & Elaine, their money suddenly made sense.

They continue to meet with our AFA™ who continues to help them monitor their Number and manage their wealth to give them the life they want.

It pays to speak to an AFA™

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