Absolute Wealth Advisors in Sydney, Australia | Investing service

Absolute Wealth Advisors

Locality: Sydney, Australia

Phone: +61 2 9240 8030

Address: Suite 7, Level 7, 44 Market Street 2000 Sydney, NSW, Australia

Website: http://www.absolute.sydney

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25.01.2022 Not sure where to start with preparing your family for the day when your wealth is transferred over to them? Worried about whether your children will be prepared to use the money wisely? The successful transfer of intergenerational wealth is a process. Ultra wealthy people worth $100 million + often engage family offices to manage this for them - but what do you do if you still have a significant legacy to pass on but dont reach this threshold? Creating a Family Wealth Path...way is key. It takes years, sometimes decades to get all of the pieces in place but these are the 7 things you need to do to if you are serious about successful management of your wealth for the long term benefit of your family. http://www.absolute.sydney/post/7-things-wealthy-families-do

24.01.2022 After a busy year at work Im just back from a holiday in Hawaii with family and friends and would like to wish all of my clients, friends and colleagues a wonderful Christmas. I hope you and your families are all happy and safe these holidays. Cherish the good times and take care of each other. Cheers, Paul.

23.01.2022 https://www.linkedin.com//mrpaulbarrett_fspower50-thewealt

21.01.2022 MONDAY MONEY #4 How do you avoid any family conflict and the erosion of family capital as you transfer your wealth to the next generation???? Find out in the article below.... During the next 10 years the world’s wealthiest families will collectively transfer more than US$15 trillion to the next generation. This huge transfer of wealth will be subject to complex transactions and negotiations and if not properly managed, financial decisions may be taken which imperil the wealth for future generations. Intergenerational wealth transfer is complex because it brings together money, power and love. Within many families there are hidden pressure points and deep-rooted behaviours at play that often cause conflict, hindering effective communication about succession planning. In short, the process needs to be handled carefully. #wealth #highnetwealth #intergenerationalwealthtransfer #inheritance #wealthmanagement #financialplanning #lovemoneypower

20.01.2022 Spread kindness. Not the virus. Hopefully youll do this yourself and SHARE this fantastic initiative. So simple. Such a great idea. Just print out this form and drop it in your neighbours letterboxes. A great way to help those close by who might be struggling. https://www.smartcitizenry.com/

20.01.2022 https://www.linkedin.com//mrpaulbarrett_social-media-and-f

18.01.2022 Generally speaking, high net wealth investors have a different money mindset to average investors. But each of these mindsets can equally be applied by everyday investors. Here’s what they do: 1. They take a long-term view... High net wealth individuals think in longer time frames often as long as 50 to 100 years. In doing so they are able to ignore short term noise and market gyrations and harness THE most powerful tool in investing, which is of course, compounding returns. The longer-term your investment horizon the more successful and the more powerful it becomes. Warren Buffett’s favourite holding period is 'forever'. 2. They live within their means. Most high net wealth families spend less than they earn, so their wealth is always growing. If all investors stuck to the same basic principle rather than heading into debt to fund their lifestyle, their wealth (with the help of our old friend compound returns) would grow too. 3. They focus on risk, not returns High net worth investors tend to focus on preserving their capital versus chasing short-term high-risk returns. They buy good quality, long term assets at a fair price with reasonable return expectations. They don’t give in to greed. They don’t risk what they have, for something they do not need - which is sometimes a trap that the average investor will fall into when they are ardently pursuing a goal like trying to fund an early retirement. Warren Buffett’s first two rules of investing. Rule number 1 never lose money. Rule number 2 don’t forget rule number 1. 4. They have a higher degree of investment diversification While high net worth investors retain exposure to the three basic asset classes favoured by average investors (cash, equities and property) they generally have more diverse portfolios. There is a growing demand among wealthy Australians for alternative assets including infrastructure funds, private equity funds, unlisted management funds and hedge funds. Australian HNWIs are also more likely to have a higher allocation to international investments. Global diversification provides income streams that are uncorrelated to their domestic investments. 5. They use experts to make their investments and structure their assets It’s no secret that we call DIY investors Destroy It Yourself investors. Of course it isn’t always the case that they lose money. However as a general rule, being unemotional and therefore avoiding psychological pitfalls around your own money is difficult. That’s why high net wealth families employ investment experts to manage their money. This is as much about minimising costly mistakes as it is about making well researched balanced investment decisions. Successful investing is difficult enough when you do it 40 hours a week for 20 to 40 years. Its is almost impossible to do when you are working full time and caring for a family.

18.01.2022 Are you worried if it the right time to invest in the stock market? This article by Marc Jocum from StockSpot will help answer your question. https://blog.stockspot.com.au/markets-all-time-high/

18.01.2022 PUTTING COVID-19 INTO PERSPECTIVE Given the current media coverage of Coronavirus along and market reaction, the team at Absolute Wealth Advisers thought this graphic helps put the Covid-19 into perspective. We think however, the containment measures for Covid-19 seem more extreme than many of the other pandemics and so the economic impacts may be greater than the relative medical impacts. ... We are watching closely but still feel strongly that this will be a temporary phenomenon.

18.01.2022 You might be surprisedly the things you need most to ensure your family wealth is preserved for future generations. http://www.absolute.sydney//the-most-essential-ingredients #familywealthpreservation #highnetwealth #familywealth #longtermprosperity #wealthadviser #wealthadvisersydney

18.01.2022 Sometimes inheriting a large sum of money can throw up unexpected challenges. Good planning will ensure you are well paced to maximise the benefits over the long term. Dont make any hasty decisions. Here are the 5 things you need to do.

17.01.2022 Classic quote from retiring, long time columnist at the AFR, Patrick Commins. "More than a decade writing about financial markets has left me with an unhappy conclusion: I have no idea what is going on." Thats not because Patrick isnt a smart guy. His last article explores in simple terms several of the the delusions the market has around investments. He sums up our long held position on investing that "The future is inherently unknowable.....the takeaway is so simple: put your money in listed or unlisted index-tracking funds."

17.01.2022 I love this from Jeremy Grantham, Co-Founder and Chief Investment Strategist of GMO (Boston US). It came across my desk last week as I reviewed ethical investment opportunities for our clients and around the same time as Greta Thunberg made her moving address to the UN on Climate Change which had many of us asking what can we do to help? "WHAT SHOULD INVESTORS DO ABOUT CLIMATE CHANGE? What Im hoping you will do, first of all, is vote for green politicians. I dont care what ...party they belong to. It might surprise you to learn that all the great US environmental law of the past 100 years came from Republicans. Second, lobby investment firms to be a bit greener and encourage them to lean on the companies in their portfolios to do the same. Push them hard. Cash in some of your career risk units. You will at least be able to look your children in the eye. You may even feel better. And your firm may be able to attract more of the best kind of young recruits who are beginning to care very much more about these issues than we older folk collectively do. Were racing to protect more than our portfolios from stranded assets and other climate change impact. That I believe is easy enough. But we have a much more important job. Were racing to protect not just our portfolios, not just our grandchildren, but our species. So get to it." - Jeremy Grantham Grantham expresses a sense of urgency on climate change not often seen in the investment community and reminds the wealthy that they have a unique opportunity to make a difference, now, in a variety of ways. The full read of this report is long but worthwhile for investors who have an urge to help save our planet. Download it here. (https://www.gmo.com//rese/the-race-of-our-lives-revisited/) If youd like my help to identify meaningful ethical investment opportunities as part of your wealth management strategy send me a quick message and Ill be in touch.

16.01.2022 My favourite day....... STRATEGY DAY last Friday with fellow business owners Dean Holmes and Stella Norberti. We do our best to walk the walk with our awesome facilitator Roger Vertannes from Leadership Counts, to knuckle down on key measurements within the business, address outstanding issues and set our targets and 'rocks' (projects) for the next 3 months. This system (which keeps us on track with staff development, compliance and client service goals) is one that Dean also implements in the businesses he mentors with The Wealth Network. #kickinggoals Topped off the day with a lovely dinner out with my partners - great to spend some quality time with them after so much working from home over the last 6 months!

16.01.2022 This ones a biggie! Day 4 of 5 : PRO TIPS from THE 5 WORST MONEY MISTAKES WEALTHY PEOPLE MAKE Its almost impossible to fathom but possibly THE largest threat to your wealth is your family. Yep. Find out why by downloading your free ebook http://www.absolute.sydney/free-ebooks... This MASSIVE problem in wealth transition is the reason why I have developed the Family Wealth Pathway which provides the system for our clients and their families to continue to prosper from one generation to the next. Here is just one of my pro tips (more in the ebook) on how to prepare your family to ensure your wealth will thrive (not dive) into the next generation. If you are worried your children wont be able to handle their inheritance well, you can use a trust and an experienced trustee to guide how assets are distributed and spent. Even with a solid line of communication and a proper decision-making process in place, there will still be some challenges that a family will not be able to handle on their own. Having an impartial third-party involved can free discussions from emotions. They can also mediate over emotional attachments that some family members may have over certain items and most importantly help to prevent a family ending up in court against each other.

15.01.2022 Some great points made by Shane Oliver for those clients seeking to live off their investment income - Including: 1. There are alternatives to term deposits (government and corporate bonds, residential and commercial property, infrastructure, and shares) but they do involve higher risks which need to be managed. 2. Over long periods of time a diversified portfolio of Australian shares in particular offers a higher (and growing) income with lower variability in income than bon...ds. Therefore, if you have a long term horizon (eg a 30 year retirement) which means you can withstand the short to medium term ups and down in the price of shares (we have strategies to help with this), the income from a diversified share portfolio is an important driver of your retirement income. https://www.firstlinks.com.au//five-important-lessons-on-i

15.01.2022 Day 2 of 5 : PRO TIPS from THE 5 WORST MONEY MISTAKES WEALTHY PEOPLE MAKE No matter how bulletproof you think a business idea or investment is "betting the house" by investing a significant portion of your wealth into one investment or asset class can, and often does, lead to wealth devastation. There are some astounding examples in our ebook. Download your free copy https://lnkd.in/grBzhPA... AVOID THE TRAP OF BETTING THE HOUSE Diversify. Diversify. Diversify. The right asset allocation will differ for every person but for high net wealth clients it makes sense to have your money invested across property, cash, local shares, international shares and other personal investments such as businesses, art and collectibles. This WILL help to protect your wealth through the vast range of inevitable unforeseeable market events. If you feel your wealth portfolio is very heavily weighted in one area, work with a financial adviser to undertake a risk assessment, an insurance assessment and to develop a tax effective method of diversifying into other assets over time. Before investing weigh up your potential returns and potential losses against historically consistent investment returns like investing in low cost index funds over time.

15.01.2022 According to CoreLogic, Mosman is currently the most profitable Sydney suburb for home sellers. 98.6% of homes sold in Mosman over the last quarter of 2019 were sold at a profit. The median profit was a healthy $436,800. Source: CoreLogic Hedonic Home Value Index and Market Trends Report

15.01.2022 How do you keep a cool head in a hot mess of a market? Stick to your investment principles. Here are our top ten. (hit the link and scroll down the page a little) http://www.absolute.sydney/our-investment-philosophy

14.01.2022 https://www.linkedin.com//5-life-changing-money-goals-new/

14.01.2022 Ever wondered what a Family Values list looks like? Or a Family Wealth Mission Statement? You can download samples from the bottom of this article.... http://www.absolute.sydney//how-to-get-your-family-on-the-

14.01.2022 Its bad enough when we make our own money mistakes and end up travelling backwards, but some people can end up paying a very high price for financial disasters and infidelities bought about by their partners. I see it all too often as I help clients through complex and high net wealth divorces. DON'T TAKE THIS FOR GRANTED. On the path to wealth you really need to pay attention to financial wellness within your relationships too. Financial breakdowns in relatio...nships are one of the mostly costly things that can happen to any of us and you can be left suffering the economic consequences for decades. Avoid the 5 most common money problems that lead to divorce. Don’t hide money so they don't know what you're spending. Don’t hide debts. It will be perceived as a lie by omission and destroy trust. Don’t overspend compared to your partner. Keep a balance. Don’t be excessively tight with the purse strings. It can be disempowering for your partner. Don't control your partner with money by leaving them in the dark and eliminating their freedoms and options - its financial abuse. Having a shared budget and a professional wealth plan with regular checkups will weed out these behaviours and help keep your relationship financially healthy.

14.01.2022 One of the most difficult challenges for wealth holders is how and when to use their wealth to help their children. In the article below I explain what Ive learned from nearly 2 decades working with high net wealth families. If you have specific problems around this issue I offer a free 2 hour consultation (booking link at bottom of the article) or Im happy to answer your questions via email or DM. Have a great weekend everyone.

14.01.2022 My latest economic update and take on the markets - work from home style. Have a great weekend. https://lnkd.in/gskkiHs

14.01.2022 https://www.linkedin.com/pulse/why-i-do-what-paul-barrett

14.01.2022 COVID 19 is driving up divorce rates across the country and family law offices expect the numbers to keep surging over the coming months. High net worth divorces are typically more complex than others, they often take longer and their outcomes can be unpredictable. Click the link below for the Absolute Wealth Advisers guide on to how to financially prepare yourself. If you need assistance, we can help you navigate your way through this difficult financial landscape and prep...are a wealth strategy to ensure your peace of mind on the other side. Please message me if you have any questions regarding your finances and divorce. http://www.absolute.sydney//are-you-ready-for-a-high-net-w

13.01.2022 by Paul Barrett, Private Wealth Adviser Without a doubt, the most important part of my job is delivering peace of mind to my clients. I love it when I can successfully relieve my clients anxiety around the future by getting their finances in order and setting them on a clear, uncomplicated path to wealth, because I know its an essential part of their overall wellbeing and it allows them to shift their focus to the things they value most - often family, health, career goals ...and personal achievements. More than half of Australians report that their mental health has been adversely impacted by financial issues, while others say their relationships and physical health have suffered according to a recent survey by Fidelity International. And having money doesnt necessarily make people immune. More than a third of Australians with more than $1million of assets to invest still worry at least monthly. The good news is that people receiving financial advice are twice as likely to rate their level of financial wellbeing as high or very high, compared to those who are not receiving advice. 50% of Australians receiving financial advice say their mental health has improved as a result of advice, while 38% reported their family life is better. I offer a free 2 hour strategy session if youd like to explore working together towards your financial peace of mind. You can book a time here http://www.absolute.sydney/book-a-meeting Source: https://www.firstlinks.com.au/link-between-financial-mental

12.01.2022 A good article by Christopher Joye summarising the impressive and co-ordinated efforts of Team Australia (the Commonwealth Government, The Reserve Bank of Australia, The Australian Office of Financial Management, The Australian Prudential Regluatory Authority and the big Banks) to support businesses and individuals during this crisis. This is a good start, and I assume now that Team Australia is acting so decisively, they will continue to do whatever it takes going forward. https://www.afr.com//markets-learn-the-hard-way-don-t-figh

11.01.2022 Absolute Wealth Investors have been recommending low cost index funds a key component of private wealth portfolios since our inception over a decade ago. We continue to support them as a sound investment option - and heres why. According to Morningstar for the first time ever in the US, over the past month, the amount invested in index based equity funds (including ETFs) exceeded actively managed equity funds. Back home in Australia, the ASX 200 index beat 93% of general equ...ity managers in the last year on an absolute return basis and 96% on risk adjusted returns*. Scott Tully, General Manager of Investments at Colonial First State (a business built on active management) recently told the Australian Financial Review**: "At June 30, the index was in the top quartile of Aussie equity managers but probably worse, the underperformance of other fund managers was pretty extreme, probably the largest weve seen in two decades." WHAT DOES THIS MEAN? The above figures are showing what the worlds greatest active investor, Warren Buffett has always known....that people (like him) who can actively choose individual stocks, trade the market and outperform the index are like unicorns. Very few people get it right consistently. For the rest of us there is much to be said for a simple, long term approach to investing in the overall index - specifically low cost index funds. In his praise of investing legend Jack Bogle, Buffett states For decades, Jack urged investors to invest in ultra low cost index funds. In his crusade he amassed only a tiny percentage of the wealth that has typically flowed to managers who have promised investors large rewards while delivering them nothing of added value. Helping clients make simple, understandable and proven investment decisions is core to what we do. It not always necessary to overly engineer your money in order to secure good returns relative to the overall market. If youd like help to understand or invest in funds, or if youd like some more information to drill down on the facts and figures please drop me an email [email protected]. * Source: according to the S&P SPIVA Report (https://www.spindices.com//spiva-australia-mid-year-2019.p ) on active managers in Australia. **https://www.afr.com//why-investors-are-shunning-active-and

11.01.2022 Ashley Owen is one of the best economic and market historians I know. He is also a very good investor. His insights into past pandemics and their impacts on markets are insightful. This is an interesting read. LESSONS FROM A CENTURY OF VIRUS PLAGUES... As sharp market falls in Australia and globally mark an end to coronavirus complacency, its worth reflecting on the economic effects of other major pandemics of the 20th century and beyond. Read more: https://www.firstlinks.com.au/century-virus-plagues

10.01.2022 The latest CoreLogic data shows that Sydney home values have increased by 11.2% since bottoming out in May last year. However, they are still 5.4% off their 2017 peak. 17% more properties sold in Sydney in2019 compared to 2018. Property stats as at March 2020 from buyside.com.au

10.01.2022 My take on how investment markets washed up at the end of 2019 and what to expect in 2020. Watch now at http://www.absolute.sydney/video

10.01.2022 https://www.linkedin.com//your-family-may-have-wait-years-

08.01.2022 Say hello to our crew!! The introduction of an off shore office a few years ago was one of the best things we have ever done as a business at Absolute Wealth Advisers. This super sharp team have allowed us to improve our levels of administration and implementation for our clients across the board. We are in Cebu this week training and finessing our client service systems.

07.01.2022 Private Wealth Management Specialists

05.01.2022 How the world has changed in just 5 weeks (since the ASX high on 19 February). In many ways it seems surreal. Firstly, we acknowledge that for some, those severely affected either medically or financially, life may never be the same. Our hearts go out to these people. However, for the majority, we are seeing resilience, support and adaptation, essential characteristics that will see us survive this crisis. From unprecedented Government support packages for businesses and indi...viduals, to medical research into testing, cure and vaccination, to flexible lending practices and greater adoption of video conferencing for work and social engagement. The issue is when, not if we get back to a new normality. What we also know is that by sticking to our research driven, tried and tested Investment Principles our clients are well placed to weather the financial volatility. We construct portfolios with times like this in mind, focussing on THREE KEY PRINCIPLES: LIQUIDITY - so you dont have to sell assets at their lows to fund expenses DIVERSIFICATION so you benefit from both Defensive and Growth Assets, and STAYING THE COURSE so that you fully participate in the recovery when it comes Whilst we acknowledge that it is never nice to see the value of your portfolio fall, properly constructed diversified portfolios are suffering far less than the headlines grabbing swings in equity Markets (for example, the Australian Share Market is down 31.5% from its February peak and the US market is down 25%) and will recover over time as markets return to normal. For example: a typical balanced portfolio (50% Defensive and 50% Growth Assets) has fallen approx. 13% from 1 January to 27 March after rising 16% in calendar 2019 a typical growth portfolio (30% Defensive and 70% Growth Assets) has fallen approx. 18% from 1 January to 27 March after rising 19% in calendar 2019 If youd like some help to steer your financial ship through the Covid 19 storm, then please reach out. The team at Absolute Wealth Advisers are all on deck!

05.01.2022 COLLABORATION is KEY As a private wealth manager one of my most valuable assets is a great professional network. Our combined knowledge bank enables my clients to achieve the best possible outcomes across all sorts of endeavours. In the past couple of weeks I have assembled this hugely experienced team (including a financial management consultant, an international tax expert and a corporate lawyer) to help one of my clients realise their entrepreneurial dreams with some of the best brains in the business behind them. Very proud of this crew Simon Clatworthy, Philip Price from RSM Australia and Gavin Douglas from Mills Oakley. Here we are 'collaborating' with a little lunch on the side.

05.01.2022 Values. Passions. Purpose. Even though some clients still recoil a little at the mention of these self-help and spiritual industry catch-cries, they are vitally important when it comes to developing a consistent, transparent and fair Family Wealth Pathway. Heres why.... http://www.absolute.sydney//do-values-really-matter-when-i

05.01.2022 WE NEED YOUR VOTE. For the past couple of years Paul has been involved with The Anganwadi Project - an amazing charity changing the lives of kids and families in some of the poorest districts in India. We have been nominated for an award with The Local Project Challenge and would appreciate your support in voting for us at the link below. Thank you. https://lnkd.in/fiqACyi... The Anganwadi Project (TAP) is an Australian not-for-profit that designs and builds anganwadi or preschools in disadvantaged communities in India. We send professional volunteers to live and work alongside our partner organisations and the community to build these schools for up to six months. The belief is that architecture and good design has the capacity to greatly improve the livelihoods and learning experience of those using the space. The anganwadis we have built are small in scale but their impact is far reaching; providing a beautiful and safe refuge for local children whose lives are often stressful and difficult. While our main clients are the children, the anganwadis have also served as community centres for pregnant women and new mothers to receive family planning advice and health checks, immunisation for new babies and street school for young girls.

05.01.2022 A great brief summary from Buyside of whats happening in the property market across Australia as government restrictions that directly affect the real estate market take hold. AMP Capital Chief Economist Shane Oliver has forecast that Sydney and Melbourne house prices could drop by 20% due to rising unemployment levels. https://buyside.com.au//Market-Essentials-Report-APR-2020-

04.01.2022 https://www.linkedin.com//financial-family-fails-paul-barr

03.01.2022 DOWNLOAD HERE: http://www.absolute.sydney/free-ebooks If you are responsible for managing a significant amount of money this may be the most important information youll ever read. We want to share with you the five big money mistakes that wealthy people make that sometimes result in them losing some or all of their fortunes. Having helped hundreds of wealthy people navigate their financial landscape and make better financial choices, weve noticed there are some common mista...kes that even uber-rich people make that can greatly diminish their wealth. The good news is that if you know what these mistakes are, youre going to be in a much better position to avoid these problems and get the results you want. And weve provided a range of strategies and tips to point you in the right direction. If you dont avoid these common mistakes, you could be at risk of destroying financial security for you and future generations. On the other hand, get these things right youll be able to follow a path from where you are now, to fulfilling your wealth and lifestyle goals by developing a quality team and financial infrastructure to make smart money choices.

03.01.2022 Well that was nice. The team took it to the water yesterday for our quarterly Wealth Network strategy day. Honestly, the future looks so much brighter out there.

03.01.2022 NEED TO KNOW WHERE YOUR INVESTMENTS LANDED LAST QUARTER? In this quick 2 minute update Paul explains what was up and what was down in the world of investments at the end of the September 2019 quarter. https://lnkd.in/fxsFkDi

02.01.2022 Day 1 of 5 PRO TIPS from THE 5 WORST MONEY MISTAKES WEALTHY PEOPLE MAKE Download your free copy http://www.absolute.sydney/free-ebooks... AVOID THE TRAP OF OVER-ENGINEERING YOUR MONEY Stick to your area of expertise. Avoid investing in things you dont fully understand. Limit your exposure and seek independent professional opinions on the deal. When approached with an investment opportunity investigate the risks. Know your worst-case scenario and only invest if your wealth can withstand that outcome. Before investing weigh up your potential returns and losses against historically consistent investment returns like investing in low cost index funds over time. Consider the investment required in terms of your own time and reputation. Will this investment potentially increase your workload and stress levels? Will you need to spend time monitoring your new investment? Could your name be caught up in the investment if something goes wrong? Before committing remember to consider additional costs the investment may incur in terms of professional services like lawyers, accountants, administrative costs and taxes. Consider whether this deal is just about making money or does it add value to your life by aligning with your own values and long terms goals.

02.01.2022 THE 5 WORST MONEY MISTAKES WEALTHY PEOPLE MAKE. It happens. Sometimes wealthy people make devastating mistakes that either destroy or severely damage their wealth. Do you want to find out which phone call James could have made to be $12 billion richer? Download my free ebook THE 5 WORST MONEY MISTAKES WEALTHY PEOPLE MAKE to find out. http://www.absolute.sydney/free-ebooks... It is full of Pro tips on how to avoid the most costly financial mistakes.