Resolutions | Super contributions | Concentration risk | Refinancing loans | Year in review
Welcome to 2021. We hope you had a happy and safe festive season.
In this month’s newsletter, we begin with helpful information on making, and achieving, personal finance-related resolutions for the year ahead. Time coupled with contributions, can play a crucial role in the build-up of an appropriate super nest egg for retirement—our animation illustrates concessional contributions. Diversification is a key risk management strategy used when constructing, and maintaining, an appropriately aligned investment portfolio—we discuss this further in terms of concentration risk. As borrowers’ home loans get older, the gap widens between what they pay and what borrowers with new home loans pay—we provide an overview of home loan refinancing (or switching). Lastly, we leave you with a video by Google, which showcases some of the most influential moments that occurred over the past 12 months.
Personal finance-related New Year’s resolutions
The making of a resolution can often be sparked post-reflection by our need or want to seek positive change in an area of our life. In this article, we discuss personal finance-related resolutions.