How Do You Make Your Investment Portfolio More Secure?
Around 900 years ago the Knights Templar formed for the express purpose of protecting Christian pilgrims on their journey to the Holy Land. During their journey inland from Jaffa, pilgrims were easy targets for marauders and highwaymen who killed many of them (sometimes hundreds) and stole their valuables. In response to this, the Knights offered pilgrims and noblemen, one of the earliest forms of “cheque” – called letters of credit – to safeguard their wealth. The pilgrims would deposit their valuables with the local Knight’s preceptory, then receive a document stating their value which in turn allowed them to claim treasure of equal value when they reached the Holy Land.
This simple document made the pilgrims a lot less attractive to the thieves and it also significantly contributed to the Knights coffers. In fact, it was also one of earliest known attempts to improve the security of a person’s wealth by guaranteeing that an individual could store it in one place and access it in another – a form of banking – for a small fee of course! To this day, we still face the same challenge that the early pilgrims did, although the mechanisms by which can secure our wealth have become far more sophisticated – and we don’t usually face the threat of death on our travels anymore.
With the increased sophistication comes increased complexity. That means we have to educate ourselves about different investment instruments, pay for the advice of highly skilled professionals or do both if we wish to have a more hands-on approach to safeguarding and growing our wealth. Many of us still prefer to stick with the tested, tried and true approach of paying off our own home (capital gains tax free in Australia), maybe invest in a negatively geared property and focus on compulsory superannuation as the primary form of building our nest egg.
ATO data shows that of the 2 million property investors in Australia around 70% own just one property and a large proportion of those are negatively geared – meaning that the investment is costing more than its making with significant exposure to market downturns. Compulsory super leaves about 99% of how to invest (what instruments, how long, when to change from one to another) in the hands of someone else and there are still no guarantees – just read the fine print. What more can we do then to secure our wealth?
Argyle Diamond Investments can offer you a strong, secure alternative to underpin your wealth strategy – Argyle pink diamonds. We can demonstrate that Argyles have shown consistent appreciation over an extended period, have low holding costs which mean greater returns for you and they are increasing in rarity which guarantees significant value growth. Our expert staff will help you every step of the way with your investment decision – we will educate you about Argyle pinks, explain the attributes that make some stones better investments than others and ensure that you only pay the wholesale price.