Einstein famously figured out that time and space are part of a single continuum. Long before that, Benjamin Franklin discovered the same to be true of time and money. But, unlike money, time is one thing we can't make more of. Best we spend it wisely.

Can I prepare for a future I can't predict?

The future has never been more uncertain. So, developing our resilience to change has never been more important.

Can I prepare for a future I can't predict?

The future has never been more uncertain. So, developing our resilience to change has never been more important.

  • Transcript: Can I prepare for a future I cant predict

    “Everyone’s got a plan until you get punched in the mouth.”

    So said a famous heavyweight boxing champ when asked about his opponent’s fight strategy.

    Does that mean he didn’t have a fight plan of his own?

    Well, of course he did.

    But presumably part of that plan was to build up a resilience to hard knocks.

    Indeed, the future’s never been more uncertain.

    And anyone who purports the opposite either has a large wooden nose or a feeble grasp on reality.

    You can’t predict what will happen in the years ahead, but you can set yourself up for success no matter what those years bring.

    For a business, that could mean deepening key partnerships or nurturing a culture of continuous improvement so as to build a sustainable competitive advantage.

    As an individual, perhaps you could strengthen relationships with your friends, your colleagues, pick up new skills, learn to live with a little uncertainty.

    Oh, and write a will.

    Do it now.

    Speaking of which, when it comes to financial products that are in for the long-haul, like, say, life insurance, look for options that can change as your needs do.

    Talk to an expert and start planning early; the younger and healthier you are, the lower your premiums may be.

    I couldn’t stand to see a good person get punched in the mouth.

Time in the market or timing the market?

Time has a value; especially when it comes to investments.

  • Transcript: Time in the market or timing the market

    Well, I have good news and bad news.

    Bad news first, right?

    You can’t time the market.

    Nobody can.

    Seasoned experts who do their homework can give you a good indication of where the markets are headed, but trying to predict the right time to buy or sell is a fool’s errand.

    Now the good news: if you’re investing for long-term, which most of us are, and providing you have a portfolio designed for you and your family, you don’t need to sweat the daily swings.

    We know that time has a value.

    The longer you hold an investment that makes sense, the more the internal compounding effect works for you.

    Chopping and changing will only muddy the waters. And you certainly don’t want to be taking a bath in that.

Will my investments age as gracefully as I intend to?

Increasing lifespans require a longer-term outlook on money.

  • Transcript: Will my investments age as gracefully as I plan to

    They very well might.

    The best investments for the long term are quality investments, and the way to get the most out of them is to stay in them.

    As an asset class, equities have consistently outperformed inflation over the long term and ideally should form the bedrock of a long-term portfolio.

    And don’t forget to reinvest your dividends.

    Other investments like property, or even coins or art should be considered with the help of an investment manager.

    Of course, there’s a role for cash and bonds.

    Diversification principles still apply.

    But living longer shouldn’t mean avoiding the rodeo altogether.

    On the contrary, a longer lifespan gives us more time to ride the bull.

    In reinforced chaps, of course.

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Can I afford a longer life?

Science is progressing, healthcare is improving, people are living longer. Will our money last as long as we do?

Can I afford a longer life?

Science is progressing, healthcare is improving, people are living longer. Will our money last as long as we do?

  • Transcript: Can I afford a longer life?

    If you intend to retire at the same age that your father did you’re going to need a whole lot more money than he ever had.

    Simple.

    Bear in mind, though, that if we’re living longer, and staying healthy, we’re likely going to work longer too.

    Because being productive and contributing to society is part of what gives us our self-worth, right?

    This thing that young people call the gig economy… well, it isn’t exclusively for the young.

    We’re also seeing older, skilled workers dipping in and out of work, remaining engaged and useful, and topping up cash flows between family holidays.

    Still, it’s sobering to think we may be retired, or semi-retired, for as long as we were working full time.

    There’s a reason to start saving early on; to get your money working hard while you’re still earning with the advice of an expert, of course.

    A longer life also means you can reap the rewards of being invested in growth assets for longer.

    More time to ride out the ebbs and flows of short-term volatility.

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