Last week I had a super-good appointment with my financial advisor and we decided (after much research over the last several weeks) that it would be good to make a few investment changes; it was my decision but based on research my adviser (in conjunction with my accountant) had done and his suggestions. I did some due diligence and decided I liked the recommendations. I thought I'd share some...not the names of the companies, just (loosely) what they do and why I'm moving into them.
Below are some of where I'll be investing in the short and long term. I have not listed company names, just what they do and why I'm moving into them.
Infrastructure stock: Gas transmission and distribution infrastructure across Australia. Faces less regulation and high returns from organic expansion that increases existing network suck as the East Coast grid and moving gas from Queensland to other states.
Rail freight: Rail transportation of coal, iron ore and agricultural products. Very stable earnings from long-term contracts and infrastructure assets.
Commercial property: The company focuses on large (huge) format retail properties leased to one of Australia's largest retailers. Very stable and solid capital growth potential.
Securities exchange: Trading, clearing and settlement services, strong regulatory standing and consistent revenue from market activity.
Transport fuel: This company has a majority market share of all transport fuels sold in the country and performs in-house refining meeting 1/3 of its needs. A reliably profitable and fast growing stock.
Mining: A single (global) company mining iron ore, copper and petroleum. Strong cash flow and dividend yield plus solid exposure to global commodity markets.
Data: This company operates data centres across Australia, cloud computing and digital infrastructure and benefits through sharply rising demand for storage and connectivity.
Energy: A major energy company in electricity, gas and renewables, this stock provides income and strong growth opportunities.
Medical: A global player with strong sales around the globe through rising health awareness. (Can't say exactly what as it may give up the identity of the company)
Medical diagnostics: Pathology and radiology company offers defensive earnings with exposure to strong healthcare growth.
Telecommunications: Mobile, broadband and enterprise service company with massive and growing infrastructure and a strong dividend yield.
Various share fund groups: These focus on identifying undervalues companies, diversification across the market cap and an investment process designed to participate in up markets while protecting in down markets.
It's vague and incomplete, my descriptions and reasons, just a few words from the 107 page statement prepared by my financial adviser which was very detailed, specific and clear as to what and why. Each of the above, and some I have not listed above, will have a portion of my total investment and the strategy is reasonably aggressive which means it's growth oriented; I'm willing to accept some risk. It's difficult to make projections but the numbers we discussed are certainly encouraging. Naturally, the situation is evaluated many times a year and adjusted as needed.
I'm also making some changes to insurances like income protection and life insurance which is incredibly costly; we've determined, due to other factors like cash at hand and investment properties, that it's not a value-added spend.
Total and utter financial independence in 4.5 years; this means, I'll never have to work another day (that I don't want to work) in my life and be able to maintain my current standard of living and them some. It's something that makes me feel very happy to think of and something I've been working towards since I got my first job 42 years ago as a 13 year old. I sometimes can't believe it's on track, it seems quite surreal, but it is on track and the reason is a lot of hard work, discipline, tough decisions, going without and ensuring that I have the right people around me.
I do not factor my crypto holdings into my financial position because magic internet money can be gone as fast as it appeared. Some may remember Hive went to $3.21 in 2021 and now? Well, now it's chump change and almost worthless...but I have a lot of it, and others as well, and at the right time it'll all be sold off...until then I do not count a cent of it as "money". What I do count is the many investments I've made up until this point, all of which have brought me to where I am. It's not always been a smooth road but it's one that's always moved in generally the right direction and I expect more of the same from here on; the numbers are bigger is all.
Tell me about your financial plan, how it has been, how it's going and what you've done to improve it and secure your financial future. Or tell me why you have no financial plan how how you think that's going to work out for you.
Design and create your ideal life, tomorrow isn't promised - galenkp
[Original and AI free]
Image(s) in this post are my own
