Full steam ahead: Alistair Bean and Associates – Financial Advisors
For many people, 2022 was a year of mainly bad news. Covid-19 aside, we had enough doom and gloom forecasts to last us a lifetime, especially in matters fiscal.
I f we make one New Year’s resolution, let it be to listen to people who know what they’re talking about and whose vast financial knowledge easily dispels much of the doom merchants’ predictions. People such as Alistair Bean (pictured) of Alistair Bean and Associates- Financial Advisers, whose 42 years working in finances – 32 years with ANZ and 10 years heading his own financial advisory service – underscores his astuteness on all matters financial. “We have seen a lot of bad news from politicians and the media lately – but there’s far more good news out there than they would have you believe.”
While acknowledging times have been tough for many the world over, Alistair says there are positive things happening that we should be aware of. “People can be far more positive than they are. Borders are open, shipping and trade is greatly improving, tourism is thriving, and global employment is at record levels.” “There will be pain with fixed mortgage rates going onto new fixed mortgage rates but that may not last for long. There’s a bit of crystal ball gazing happening out there, but when interest/inflation rates go down, and they will, that can only lead to good outcomes.”
“Having funds sitting on the side-lines in term deposits while all this occurs is likely a much bigger risk by not participating in all that recovery. Money still makes money over time.”
Regarding oil costs, Alistair says the price of oil went from $125 per barrel to just over $80 per barrel.
“With the government assistance of 25 percent coming off that price at end
of January, it may not be as bad if the price comes down.”
Huge improvements
Comparing where we are today with where we were 50 years ago, Alistair believes we are in a far better place.
“If you look at the World Poverty Clock, in the 1970s, 30 percent of people were living in extreme poverty; now that percentage has dropped to 7.7 percent – which is a huge improvement.”
“Things are getting better, especially with those macro things that politicians tend to forget about,” Alistair says.
His role in his financial company is to chat with clients and put their minds at ease, and to help them think about the medium to long term as well.
“Because we’re all living longer, less of us retire at 65. We’re still working, and earning money, and are probably the wealthiest and healthiest we’ve ever been.”
On 21 February 2023, Alistair Bean & Associates celebrates its 10th anniversary, an major achievement to be rightly proud of.
Free disclosure document available upon request.
