Understanding what financial wellbeing really means is a crucial part of why we do what we do here at Manse. Only when we really understand what you want to achieve in life can we then formulate a tailored financial plan to get you there.
You may have heard of financial firms and individuals being Chartered and wondered what it means. A Chartered professional, in any field, can be described as ‘someone who has gained a specific level of skill or competence in a particular field of work, recognised by the award of a formal credential from a professional body’.
“We are exhausted, fed up and would retire tomorrow if we thought we could afford to“.
This was pretty much the first sentence in a conversation I had some years ago with new clients who ran a business which demanded all of their time, with very little respite. Both in their early 60s and having worked every day for the previous 30 years, they were both pretty much at the end of their tethers.
Following a sustained run of positive returns across equity markets (arguably 9 years), last week saw a return of the ‘V’ word. Volatility has always and always will be with us, and as long as markets exist there can be no returns over and above the risk-free rate (call this the returns from cash deposits) without risk. This is what markets do; as sure as night follows day.