Forbes Australia – Largest wealth transfer in the nation’s history has begun in earnest

Our CEO, Jacqui Sherlock, was recently interviewed by Forbes Magazine on how women are set to be the major benefactors of a massive intergenerational wealth transfer now underway in Australia. Women are poised to take charge of a staggering $3.2 trillion over the next decade as the greatest wealth transfer in its history takes place. Jacqui shares why Sherlock Wealth is passionate about getting more women engaged with their finances, growing their wealth and securing their legacy.

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VIDEO: Engine Room Podcast

In this episode of the Engine Room Podcast, Andrew Rocks is joined by Andrew and Jacqui Sherlock from Sherlock Wealth. They talk about the fifty-year evolution of their family-run financial planning business into a holistic advisory firm focused on delivering personalised service through strategic partnerships and technology while giving back to their community.

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Episode 55 – Achieving through others – leading your financial services firm

In this episode, Scott Charlton from Slipstream Group talks with Jacqui Sherlock of Sherlock Wealth about leadership in professional service firms. They discuss a range of interesting topics, including engaging managers from a non-technical background to the role of CEO and the areas of the business that receive more attention as a consequence of the leader not having a client caseload. Join in for some great insights.

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Common Investment Pitfalls to Avoid

Investing, a realm filled with potential opportunities and pitfalls, demands careful consideration to navigate successfully. Each misstep along the way can serve as a valuable lesson, contributing to a more refined and robust investment strategy. Here are 20 crucial investment mistakes to be aware of, each of which plays a pivotal role in shaping a sound investment approach.

  • Setting Unrealistic Expectations: Investors must maintain realistic return expectations to stay committed to their long-term goals amidst market fluctuations.
  • Lack of Clear Investment Goals: Without clear long-term objectives, investors risk being swayed by short-term trends or the allure of the latest investment trends, losing sight of their primary financial ambitions.
  • Inadequate Diversification: Diversification is essential for risk management, as over-relying on a single stock can significantly impact a portfolio’s overall value.
  • Short-term Focus: A fixation on short-term market movements can lead to doubts about the original strategy, resulting in impulsive decisions.
  • Buying High and Selling Low: Emotional reactions to market volatility often harm overall investment performance.
  • Excessive Trading: Studies show that highly active traders typically underperform the broader stock market by an average of 6.5% annually.
  • High Fees: Ongoing fees can significantly eat into investment returns, especially over extended periods.
  • Overemphasis on Taxes: While tax strategies like tax-loss harvesting can enhance returns, making decisions solely based on tax implications may not always be beneficial.
  • Infrequent Investment Reviews: Regular portfolio evaluations, preferably quarterly or annually, ensure alignment with investment goals and highlight the need for rebalancing.
  • Misunderstanding Risk: Striking the right balance between too much and too little risk is crucial, as excessive risk can lead to discomfort, while insufficient risk may yield inadequate returns.
  • Unawareness of Performance: Many investors are not fully aware of their investment performance. Regularly reviewing returns, accounting for fees and inflation, is vital to assess progress towards investment goals.
  • Reactivity to Media: Short-term negative news can trigger fear, but it’s essential to maintain focus on the long-term trajectory.
  • Ignoring Inflation: Historical inflation averages around 4% annually, which can significantly erode purchasing power over time.
  • Attempted Market Timing: Trying to perfectly time the market is exceptionally challenging and often less profitable than remaining consistently invested.
  • Insufficient Due Diligence: Verifying an advisor’s credentials using online resources to review their history and any complaints is critical.
  • Incompatible Financial Advisor: Finding an advisor whose strategies align with one’s goals is crucial for a successful partnership.
  • Emotion-Driven Investing: Maintaining rationality during market fluctuations is essential to avoid emotional decision-making.
  • Chasing High Yields: High-yield investments often come with higher risks. It’s important to align investments with one’s risk tolerance.
  • Delaying Investment: Starting to invest early can lead to greater potential returns, as exemplified by comparing the outcomes of investing $200 monthly from different starting ages.
  • Not Controlling the Controllable: While market trends are unpredictable, investors can manage their contributions, leading to significant outcomes over time.

To avoid these common pitfalls, investors should seek financial advice, prioritise rational decision-making, and focus on long-term objectives. Financial goals, current income, spending habits, market conditions, and expected returns should guide portfolio construction. This approach helps investors steer clear of short-term market volatility and underscores the importance of consistent, long-term investments in wealth accumulation.

Designing and managing your investment portfolio can be complex; with our experience and understanding, we can help tailor an overall investment plan to suit your long-term goals.  Reach out to our financial advice team for strategic investment advice here.

Learn more here.

This information does not take into account the objectives, financial situation or needs of any person. Before making a decision, you should consider whether it is appropriate in light of your particular objectives, financial situation or needs.

(Feedsy Exclusive)

Types of ethical investing plus the pros & cons

The investment technique known as ethical investing prioritises the investor’s moral, religious and social ideals over financial gain. This is because a growing number of investors have begun to demand social responsibility from the companies they invest in, primarily because of the rise in dubious and unlawful investment arrangements.

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In a world full of choices,
this is why our clients chose us:

Over the years, we have come to rely on Sherlock Wealth to take care of all our financial affairs and to see Andrew as

Dr. Bruce Walker

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I have been a client of the Sherlocks for more than 40 years. The sound advice I have received from Andrew in relation to building wealth

Mark Worrall

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We wanted to express our enormous thanks to you and your team. First of all for your sage advice in terms of the

Trauma Claim

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Since becoming a Sherlock Wealth client, my wife Jacinta and I have never felt more than in control of our

Rob and Jacinta Jones

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Having busy lives, we truly value the advice and care that Andrew and the team at Sherlock Wealth provide with

Rachel and Brett Lunn

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I would say to anyone that you have to prioritise your financial affairs as an important part of your life

Jo Masters

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