Complexity is not your friend

“The art of simplicity is a puzzle of complexity” Douglas Horton.

The same can be said for financial planning, we like to take a simplified approach.

One pension, one investment, one savings account which you fully understand; a plan you can stick with – #StickWithThePlan

When meeting prospective clients, we frequently see complex portfolios, with multiple providers, different fund managers, currencies, charges, and tax treatment.  Complexity adds costs and often tax inefficiency.

Many people have been advised over the years that their portfolio must be sophisticated or complex to be effective. Simplicity is the ultimate sophistication. Our view is that in almost all cases, simplicity beats complexity in the long term. Our clients have heard us say on numerous occasions “the best investment strategy we can give you is the one you are most likely to stick with”.

Why a simplified portfolio works:

• Transparency in terms of investment managers and charges
• In line with our Evidence-based investment strategy.
• Security on where your funds are held.
• Confidence you can stick with the plan.

We believe in an Evidence-Based Investing philosophy that allows you the investor to make informed decisions, have a diversified portfolio and sit in your seat during volatile times.

In summary, what adds value:

1. Low fees
2. Tax Efficiency
3. Global Diversification
4. A financial plan
5. Behavioural Investment coaching

Things that don’t add value:

1. Timing the market
2. Trying to outthink the market.
3. Complex investment portfolios with lots of different holdings
4. Financial Advisors with a shiny new investment opportunity

If you would like to discuss what a Simplified Financial Plan approach looks like for you, get in touch. It could be the first step for you to get your best return on life.

Sinead Dennehy

Financial Planning Executive

061 518 365