Paul Benson

speaker

378 appearances 1 recordings 1 series first heard Mar 2021 last heard Mar 2021

Paul Benson’s voice in public audio — every appearance, attributed to the second.

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Australian Finance Podcast · When & where to get financial advice (key questions to ask) · 15 Mar 2021 podcast

I would say, yeah.

Historically, managed funds were a pretty central element of a financial planner's toolkit, more so than individual stocks.

Obviously, ETFs have come around in the last decade or so, and I think generally financial planner's

we're probably the first to start using them because it was a pretty easy transition from managed funds to ETFs, you know, very comparable products, just with some, often some key benefits.

So yeah, individual stocks, I think there are still some advisors that do that.

I mean, we do that for certain clients that have a strong interest in that, but it's not typically necessary.

Again, if you're thinking from the perspective of I'm trying to

get you to a certain outcome, you're not really looking to sort of pick individual stocks that might shoot the lights out or might not.

What you're looking at is what strategy can I put together here that's going to give me the best chance of success?

And so your funds, your ETFs, that sort of thing, because they're well diversified, are going to give you a more reliable outcome.

It's hard in audio form, but if your listeners could picture sort of a diagram that had

you know, range of potential outcomes over say a 10 year period, right?

And you might forecast out that, look, we'd expect to get 8% a year and therefore this investment strategy would be likely in 10 years time to be worth whatever, $300,000, right?

However, we know that

investment returns are uncertain and they're variable year to year.

So therefore, the range of outcomes, if we go really diversify portfolio, our expectation is it'll get to 300, but it could be anywhere between 200 and 400.

I'm just totally making up the numbers, right?

But that gives us our range of potential outcomes.

If you go individual stocks, the range of potential outcomes will be much wider.

So whereas the expectation might be 300,

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