Make the future you want... at any age
Introducing Robert and Joanna - Managed Portfolio Service Clients and Retirees
Robert & Joanna had been widowed since they were relatively young, and had the fortune to meet in retirement at 68 and 70 years of age. Joanna had been a client of ABN AMRO Craigs for near on ten years. And while she actively kept up with the markets, she was largely content to let her advisor maintain her investments and bring her up to speed at their quarterly reviews.
Robert was also financially independent. A career in the Merchant Navy and subsequent sound investment decisions had worked well for him.
The Challenge
The challenge for their advisor now that they were together was to help them secure their spending money without eroding their capital base. They wanted the freedom to do the things they’d each always wanted to do.
Joanna instructed her advisor to start a new joint portfolio, whereby she and Robert each put in $50,000. “She informed me I was to grow their ‘fun-fund’. They didn’t want to waste any time. “There were places to go and people to meet”, she told me briskly.
The Solution
By structuring a balanced portfolio that was slightly more aggressive than Joanna’s other investments (in a buoyant market), ABN AMRO Craigs were able to generate the couple a 20% annualised return in a space of only eighteen months. They were delighted to have the yield they needed to do the things they’d only ever dreamed about and at the same time, ensure their estates remained intact for the sake of their children.
With a renewed zest for life, the couple are now viewing houses in anticipation of moving into a unit near the water’s edge in Devonport, Auckland. They both have the freedom to enjoy some of simple luxuries in life, worry-free.