The BFG Report

BFG Report – Coronavirus March 2020

With our core mission being “assisting clients to make smart decisions about their wealth” your portfolio structure has assumptions that risks, like share prices falling, will occur.

We set up your portfolio with other investments like cash (including term deposits) to help reduce the impact of this risk on your wealth. Hence diversification is core to your portfolio’s function and considers the market environment.

When you invest in shares and property, you do so for the long term, which in turn, provides some protection against the short-term volatility of markets.

For some, this volatility is likely to provide an opportunity to buy investments at lower long- term prices.  For others, to avoid selling investments at a poor time, there may be a need to draw on cash and term deposits to assist with providing for living expenses.

Importantly your portfolio is expected to deliver, even after recent weeks, a long-term return that will meet your financial objectives. We have worked with you to understand how much risk you can take with your investments. This will continue to hold you in good stead through these difficult times.

Some of the actions we are undertaking include:

  • Reviewing cash account holdings to ensure regular payments can continue and recommending action if required e.g. withdrawing funds from a term deposit to top-up a cash account within an Allocated Pension.
  • Continually monitoring the market and research to determine if or when clients who have funds awaiting an investment opportunity should consider buying.
  • Reviewing and considering the implications of the government stimulus packages.

BFG Day to Day Operations

We have been assessing our business continuity preparedness to ensure we can respond effectively as the situation evolves.

These are a few of the actions we are adopting:

  • Social distancing within the BFG Office and of course an increased focus on cleaning and disinfecting all areas on a regular basis.
  • Offering clients the opportunity for remote appointments either via teleconferences and videoconferencing.
  • Ensuring BFG can operate remotely e.g. work from home if required, to continue to provide services to our clients.

If you have any further questions, please contact us.

Important Note – The BFG Report is published for your interest and every effort is made to ensure it is accurate and contains general securities advice only. It is not possible, when preparing The BFG Report, to take into account individual clients’ investment objectives, circumstances and needs. Before acting on any information or advice contained, expressly or implicitly, in The BFG Report you should consult a Representative of Baldry Financial Services Pty Ltd trading as BFG Financial Services (“BFG”).
No part of The BFG Report may be reproduced without the written consent of BFG in each case. BFG, its employees or any associate are not liable for any loss or damage arising as a result of any reliance placed on the contents of The BFG Report. All such liability is excluded apart from any liability which the law does not allow to be excluded.