@spiritwarrior7 You can’t just pick a random starting point to compare asset class returns. The 20year return is only relevant if you invested in that date 20 years ago.
What we are interested in is how will the asset perform going forward. Current global and local macroeconomics are very different to 2004.
@spiritwarrior7 A Lifestyle financial planner is focused on you the individual and your personal needs first. No product is discussed. They look at you and your financial needs and how it fits in with your current lifestyle and future needs. A detailed daily needs and budget requirement is done looking at today tomorrow and post retirement needs based on lifestyle.
@evollanrete I was under the impression that all financial planners would focus on the individual if an individual came to them for financial planning. Would a normal financial planner not look at you and your needs?
@vancouverguy You are correct up to a point as most financial planners do a basic analysis of a client's situation with a product sale as the end goal. Lifestyle Financial planning does a deep dive into your lifestyle and how you are funding it and makes recommendations based on the result to get the most out of your current situation. This is not always product linked. The solution could be as simple sticking your money into a fixed deposit or confirming that you are already sorted.
@spiritwarrior7 Taken into consideration dividend payouts, liquidity, effective purchase price and storage?
In general, gold is not bad but it is not good. Perhaps as a supplement to some complicated portfolio or hedging scheme, but to be honest there are better ways of accomplishing that.
