Our Philosophies
We have a conservative financial planning philosophy. This includes the following principles:
We believe in Life Insurance. If you think it is necessary to insure your car and home then insuring your income and protecting against serious illness or accidents should be just as important.
If you are relatively young and working in a white collar occupation this insurance is not expensive.
We don’t follow expensive investment fads. We know the limitations of investment research and try to avoid speculating on investments or making short term predictions of relative performance.
We believe that investment market fluctuations are too difficult to predict accurately for us to base investment decisions on them. Instead we believe that a disciplined and careful approach will achieve the best results over the long term.
Paul the psychic Octopus
During the recently concluded 2010 FIFA world cup an octopus successfully predicted the outcome of 7 matches which generated widespread publicity. The probability of this being achieved by chance is less than 1%.
I don’t believe for a second that Paul the octopus is psychic and if there were 100 such octopi making these predictions it is likely that one of them would have achieved a perfect record.
Alternatively we don’t know for sure if this was a legitimate exercise, it could have been a hoax or rigged or faked.
What’s the relevance to investors?
Well there are thousands of investment professionals who are taking investment positions and while none of them are as successful as Paul the Octopus some of them consistently beat the market by a large enough margin to attract attention and enormous amounts of money.
I have lost track of the number of times I have got into an investment that had a fantastic track record only to suffer below average performance from that point onward.
Could it be that their results are actually happening through good luck rather than special skills?
After personally experiencing a strong emphasis on sales and high pressure tactics rather than providing quality financial advice with our previous roles, in early 2013 we decided to establish Clark Consulting Financial Planning. We decided my company would throw the sales handbook out the window and focus on building a strong client-adviser relationship whilst de-cluttering the complicated world of financial planning to make it easily understandable for the average working Australian. Clark CFP PTY LTD believes that there are many companies out there that provide similar services, however our relationships with our clients combined with our friendly service is what sets up apart from the rest.
We have a conservative financial planning philosophy. This includes the following principles:
- We don’t take unnecessary, unrewarded risks.
- We accept academically sound investment theories.
- We protect the interests of our clients.
We believe in Life Insurance. If you think it is necessary to insure your car and home then insuring your income and protecting against serious illness or accidents should be just as important.
If you are relatively young and working in a white collar occupation this insurance is not expensive.
We don’t follow expensive investment fads. We know the limitations of investment research and try to avoid speculating on investments or making short term predictions of relative performance.
We believe that investment market fluctuations are too difficult to predict accurately for us to base investment decisions on them. Instead we believe that a disciplined and careful approach will achieve the best results over the long term.
Paul the psychic Octopus
During the recently concluded 2010 FIFA world cup an octopus successfully predicted the outcome of 7 matches which generated widespread publicity. The probability of this being achieved by chance is less than 1%.
I don’t believe for a second that Paul the octopus is psychic and if there were 100 such octopi making these predictions it is likely that one of them would have achieved a perfect record.
Alternatively we don’t know for sure if this was a legitimate exercise, it could have been a hoax or rigged or faked.
What’s the relevance to investors?
Well there are thousands of investment professionals who are taking investment positions and while none of them are as successful as Paul the Octopus some of them consistently beat the market by a large enough margin to attract attention and enormous amounts of money.
I have lost track of the number of times I have got into an investment that had a fantastic track record only to suffer below average performance from that point onward.
Could it be that their results are actually happening through good luck rather than special skills?
After personally experiencing a strong emphasis on sales and high pressure tactics rather than providing quality financial advice with our previous roles, in early 2013 we decided to establish Clark Consulting Financial Planning. We decided my company would throw the sales handbook out the window and focus on building a strong client-adviser relationship whilst de-cluttering the complicated world of financial planning to make it easily understandable for the average working Australian. Clark CFP PTY LTD believes that there are many companies out there that provide similar services, however our relationships with our clients combined with our friendly service is what sets up apart from the rest.