Use the Power of the Pen to Leave a Legacy

This article captures the importance of recording memories, and their impact on those we share them with. Ensuring that you leave a legacy helps to provide inspiration and guidance.

Many of us want to pass along not just their wealth and other assets to our heirs, but also the key lessons we’ve learned throughout our lives. By sharing our stories, we hope to instil important values in our children that they can carry with them on their own journeys.

One creative and highly effective way to do so; Write a book that captures your experience, wisdom and knowledge.

  • Writing a book can help impart your values to heirs and impact their futures positively.
  • An effective book will have candid, honest stories that enlighten and benefit the readers.
  • An outline and a formal writing plan are essential components of a successful book project.

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Read Use the Power of the Pen to Leave a Legacy

Other notes and risk warnings

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.

 

Ten Lessons About Dealing with – and Living with – Grief

This article can help us to navigate grief, healthily. It it explores the lives of Tony and Kate Rose who have shared their story in order to guide us through what can be a devastating time.

On July 27, 2015, Tony Rose lost his son. His daughter, Kate, lost her older brother.

Johnny Rose was just 28 years old when he experienced what’s commonly called a “widow-maker” heart attack, which killed him instantly. But at the time of his death, it was far from certain that a natural cause was the culprit. After excelling at school early in life, Johnny had spent several years struggling. By 2015, although he was an attorney, he was unemployed, depressed and living in his father’s pool house. His relationship with his family had reached a crossroads.

As Tony and Kate grieved over time, together and separately, they came to some important conclusions about life and death. About the process of working through a tragedy. And about how to grieve for the past while also living in the moment and for the future.

  • Grief should be accepted – not blocked or denied.
  • Use tools that work for you to deal with your grief.
  • Avoid focusing on what could have been or what you might have done.

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Click here to learn more about dealing with grief

Other notes and risk warnings

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.

General Election Outcome December 2019

“One cannot judge a performance in any given field (war, politics, medicine, investments) by the results, but by the costs of the alternative (i.e. if history played out in a different way).”
Nassim Nicholas Taleb – Fooled by Randomness.

For some, waking up to the large Tory majority this morning will be a relief, avoiding the higher taxes for both companies and the better off, and a deeply socialist agenda. Others will feel bitterly disappointed that the seemingly last chance to avoid leaving the EU has probably gone. Whatever your political hue, we are where we are. The political logjam has been unblocked. Many will simply feel relief that the interminable squabbling and stalemate in Westminster is over. Politics is increasingly an unedifying spectacle. Yet democracy – for all its critics – has again delivered something positive. We have seen a greater engagement in the tough issues we face as a nation, the freedom to go to the ballot box and cast our vote for any candidate that we wish and a high turnout of those wishing to voice their opinion. We have each made our own individual contribution to the type of country we want to live in. That is a privilege easily overlooked or taken for granted.

The future, as ever, is uncertain with heightened geopolitical tensions, Trump’s pending
impeachment and the ongoing US trade war with China. Here at home, the challenges of an ageing population, the NHS and social care, negotiating a trade deal with the EU in 2020 and the risks of a potential breakup of the Union are material. Yet these are things largely beyond our control. What we can control though is how our portfolios are structured to deal with whatever is thrown at them by the markets, in response to these ‘known unknowns’ and also any ‘unknown unknowns’ as Donald Rumsfeld, the US Secretary for Defence famously stated.

“A strategy should be judged in terms of its quality and prudence before its outcome is known, not after.”
Berkin & Swedroe – Your complete guide to factor-based investing.

Remember, investing well is simple, but not easy. We remind you of the core pillars of our
approach:

  • markets work pretty well and are hard to beat, so capturing the market return on offer using lower-cost, well-structured products makes good sense;
  • spreading equity exposure broadly across markets, sectors and companies to ensure the risks we face are well-diversified will always sit at the core of a successful long-term strategy;
  • balancing out the risks of equities by owning high-quality bonds provides a good insurance policy against tough times in the equity markets;
  • being patient (living through the short-term falls) and being disciplined (maintaining your philosophy and strategy over time) are fundamental to achieving the returns you need to fulfill your financial goals.

So, whatever happens in 2020 and beyond, try not to worry too much about markets and the uncertainty in the World. You can’t control how the markets behave but rest assured that your portfolio is as strong as it can be to deal with whatever the markets throw at it.

Try to forget about politics, the markets and your portfolio and enjoy the wonderful festive time ahead meeting up with loved ones, friends and simply being grateful that we live in a peaceful, free and affluent democracy. Many in the World are not so lucky.

 

 

Other notes and risk warnings

This article is distributed for educational purposes only and must not be considered to be investment advice or an offer of any security for sale. The reference to any products is made only to make educational points and must, in no circumstances, be deemed to be any form of product recommendation.

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. 

It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.

 

 

Stress Testing for Successful Business Owners

As a successful entrepreneur, you’ve probably engaged in business planning to some extent to help you get your company moving in the right direction. But how confident are you that your planning is set up to deliver the results you expect, want and need?

  • A stress test looks for any big gaps between what you aim to achieve as an entrepreneur and the actual results your current strategies are likely to produce.
  • The human element – your unique situations – is a key focal point of effective stress testing.
  • Exit planning, asset protection planning and retirement planning are three major areas that entrepreneurs tend to stress test.

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Other notes and risk warnings

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.

Six Traits That May Suggest Your Kid Could Be a Great Entrepreneur

This article highlights the signs and signals that help to indicate your child might have all the traits of a great entrepreneur. You can read more about these key indicators for a great entrepreneur below:

All parents want to see their children achieve success – and that can be particularly true of affluent parents who have enjoyed significant professional and financial success in their own lives. But we know deep down that forcing our kids to be something they’re not equipped to be – pushing them too hard in a direction that’s wrong for them, even it’s where we want them to go – can be a recipe for unhappiness.

Take entrepreneurship. If you’re a business owner, you may have grand plans for one or more of your kids to take over your company someday or start their own venture, just like you did. Of course, your don’t have to be a business owner to have entrepreneurial dreams for your kids. It’s pretty tempting to imagine our offspring as the next Bill Gates or Jeff Bezos.

  • Business ownership is the right path for some but not for others.
  • Be honest about whether your child possesses the traits that are needed for entrepreneurial excellence.
  • Success comes in many forms.

Click the image below to read the full article:

Discover the six traits of a great entrepreneur, and see if they resonate with your children.

Other notes and risk warnings

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.

Smart Ways to Keep Your Kids on the Right Path

Keeping your kids on the right path is one of the upmost concerns of parents. This article highlights five key questions that will enable you to support your child and gain a greater insight into their lives. Take a look at how you, parents and carers, can ensure your children are protected, keeping your kids on the right path:

All parents want to keep their kids on the right path in life by helping them steer clear of addiction, depression and violence.

But if you think having wealth builds a wall around your children that protects them from these and other crippling, potentially even fatal, problems – think again. No amount of money or privilege can guarantee you end up with resilient kids who make good choices when it really counts. Indeed, research by the Federal Reserve Bank of San Francisco discovered that suicide risks can be surprisingly high in affluent neighbourhoods.

  • Your time and active attention – not just your money – are vital to kids’ success.
  • Do you have answers to the five “must know” questions about your children?
  • Controlled environments and a “second voice” can be instrumental in helping kids make good choices.

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Smart Ways to Keep Your Kids on the Right Path

Other notes and risk warnings

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.

All Together Now: Why Multigenerational Living Is Making a Comeback

This article takes a good look at why multigenerational living is increasingly popular and how to navigate the decision to do so yourself.

If the term “multigenerational living” conjures images of the Waltons in your mind (Goodnight Grandma,” “Goodnight, John-Boy!”), you’re not alone.

But guess what? Increasingly, more middle-class and well-to-do families are choosing to come together in one house (or two adjoining homes) and live their daily lives together – for reasons that don’t involve financial necessity.

  • As people live longer and redefine retirement, multigenerational households are on the rise.
  • Design aspects of a multigenerational home are important – especially if one of its residents is in poor physical or mental health.
  • Issues around shared spaces in a home should be discussed and agreed upon going into a multigenerational living arrangement.

Click the image below to read the full article:

Multigenerational Living

Other notes and risk warnings

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.

To Excel in Business, Become a Super Rich-Level Problem Solver

In business and in life, problems are inevitable. If you think you can avoid them, you’re fooling yourself (and probably wasting too much time trying). The self-made Super Rich – those with a net worth of $500 million or more – understand better than the rest of us the nature of challenges and how to tackle them.

  • There are three rules of effective problem solving: Accept responsibility, recognise the trade-offs and constantly improve.
  • Combining analytic and creative skills will boost your problem-solving power.
  • Get help solving problems from trusted members of your team or advisors.

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To excel in business, become a super rich-level problem solver

Other notes and risk warnings

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.

Do You Have What It Takes to Become Super Rich?

Billionaire intelligence at its core encompasses the mindsets and actions the self-made Super Rich employ that enable them to build massive personal wealth.

These mindsets and actions are no secret – the road map to gargantuan fortunes is available to most people, thanks to extensive research into the affluent and their wealth-creation efforts. It’s really a matter of following the path pioneered by the astoundingly wealthy

  • Having the right know-how is the easiest part of becoming wealthy.
  • Proficiency is a must-have that requires you to take action in order to gain it.
  • Drive is crucial – and is the biggest stumbling block on the path to serious wealth.

Click the image below to read the full article:

Become Super Rich

Other notes and risk warnings

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.

Luxury Destination Clubs: Just the Ticket for Affluent Travelers

Luxury destination clubs: Imagine a vacation where you show up with your wife and three children at a five-bedroom, 6,000-square-foot beachfront home that’s fully stocked with your family’s favourite foods and beverages, the boogie boards you all need to hit the waves, bedsheets and towels that rival those found in the world’s top hotels, and tickets to a sold out concert at the local performing arts centre.

  • For a fee, destination clubs offer access to amazing homes and properties along with concierge-level vacation planning services.
  • Destination club members are most often busy entrepreneurs and execs, experience seekers, and families looking to reconnect.
  • You can even get great deals through these clubs’ bargain offerings.

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Luxury Destination Clubs

Other notes and risk warnings

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.