In today’s economy where financial security is the motto, not enough people are living by it.
More than 80 of people who do not work with a financial advisor only plan their finances for the short term, according to a new global survey by deVere Group, the world’s largest independent international financial consultancy group.
The trend cuts across income brackets, ages, and nationalities, highlighting the growing need of sound financial advice in an increasingly cluttered fiscal landscape.
“In Japan, 40% of all share trades are now day trades, whilst in
When asked the question, “Do you typically plan your finances ones year ahead, one to three years ahead, or three years or more ahead?” 82% of potential clients without an advisor responded with the first option.
The survey, conducted between
“The earlier you start your financial strategy, the easier the journey to your financial goals will typically be,” Green says. “As we have seen across the world, governments are being forced to continually cute age-related benefits, meaning that older people will not be able to count on external support to the extent they have done in the past, so we have to be more financially self-reliant in retirement. Plus, we’re all living longer, and as such, the money we accumulate throughout our working lives has to go further than it ever has done before.”
|Copyright:||(c) 2013 Financial Planning. All rights Reserved.|
|Source:||Source Media, Inc.|