Scott Hansell

In the world of finance and investment, the concept of portfolio diversification plays a pivotal role. It is a strategy that forms the bedrock of prudent financial management and is often touted as one of the most effective ways to manage risk and maximise returns. In this article, we'll delve into the significance of portfolio diversification, the advantages it offers, and how a well-managed portfolio ensures a diversified set of investments.

Whilst each stage of our case study tackles a specific issue in Joe and Jessie’s lives, each is intrinsically linked, as a financial decision made early in life will affect every aspect of a person’s financial wellbeing throughout their life.

In the first three parts we have introduced the concept of personal cashflow planning, and seen how it has helped Joe and his wife Jessie face unforeseen events, pay for their son Johnnie’s education, and stay on track for a comfortable retirement. In this part we see how the online planning tool can help them achieve that goal.

In parts one and two, we saw the value of personal cashflow planning for our case study, Joe. In this part, we find him married with a baby.

In part one, we looked at the concept of personal cashflow planning, and how it can help people map out their financial futures In this part, we look at what happens when an unforeseen event disrupts the plan.

The rise of personal cashflow planning

For owner-managers of incorporated businesses, making employer pension contributions can be an extremely tax-efficient way of withdrawing cash from a business, says Scott Hansell of Lovewell Blake Financial Planning.

The simple answer is that you can retire when you have adequate wealth to do so.