Case Studies and Testimonials Success stories Stephen Stephen actively managed a large direct share portfolio with some good performers and poor performers with an overall poor investment return. He prefers to make his own share selections and relies on tips, newsletters, newspapers, and magazines. The problem with these sources is that one needs to select the right tip. The tipsters mantra is “If you must tip, then tip often; one must eventually come good”. The first thing I did with Stephen was to get him to list out all his investment purchase costs and current value. This highlighted that his returns were not as good as he thought. Then I suggested utilising his investment property plus other cash to invest in managed funds. His portfolio is now more diversified and not as exposed to any one individual company. The managed funds have performed better than his direct share portfolio over the last year. Chris Chris actively manages a medium direct share portfolio with some good performers and poor performers with an overall poor investment return. An example of a stock he held was AWB. He did what a lot of people find difficult to do and sold out early when the bad news started coming. Chris has recognised that achieving good returns looks simple but is not easy. I explained the process I use for managed fund selection and the long-term approach taken. He asked a lot of questions and appreciated that I also addressed tax and estate planning issues. At his latest review, he expressed satisfaction that he is achieving steady and consistent returns. Testimonial"Michael Parnell and I met by chance and his sincerity and openness led to my becoming a long-term client. Michael's strong belief in helping people build a secure financial future for themselves is clearly evident in the Statement of Advice he produced for me. I have complete trust and faith in Michael's well thought out recommendations and as a consequence I have pooled all past and future superannuation contributions into the superannuation fund he arranged. It has given me great peace-of-mind knowing that my future is in good hands. Thank you Michael." JoAnn Zamora of Blissfully Aware Who do you trust with your financial future?
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