Financial planning

Running Head : Financial Planning

Financial Planning

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Financial Planning

Jerry and Dianne are married who have just been left 15 million by Jerry 's great aunt . By the time Jerry 's great aunt left them the fortune , they were both 25 years old and they are expecting to live to 85 but may live to 95 . They do not have a kid yet but they are hoping to have two within the next five years . They do not wish to work again and wish

to live in or near the City of Sydney , with a harbor view . They like to travel a lot and their plans are to travel extensively (first class ) up to 8 weeks each year . The couple wants to invest this fortune in the best way possible such that accommodation and their ongoing cash needs are secured and investing for the future life-style to which they aspire . Australia is one of the developed countries and hence it offers great opportunities for investments in its economy . One of the most promising opportunities is the real estate and the Australian business ventures . Since the couple intends to have two children in the next five years , they have to plan in advance in terms of accommodation , that is they will now require bigger house and in some cases they will need a nanny for the kids . Due to the fact that they do not intend to work again , it means that they require investing their money in such a manner that they will be getting daily cash outflow for daily expenses . They are still very young and it seems that the want to have a good life of partying and traveling and since their life expectancy is 85 to 95 , the need a lot of cash for it to them that far . Still , the town accommodation is very expensive and living in such area means that they have to pay more

I would recommend to the couple to invest in property , shares , or bonds and business ventures . Australia has a vast land which means that a person can be successful in the real estate business which is much promising here . The development projects where single family houses are available and also the commercial properties . The much undeveloped land mass in the rural areas of Australia give such big opportunities and they are also cheap and no red tapes since the couple is a citizen unlike where the country is hitting hard on foreigners . I would suggest to the couple to start saving for the coming children . Australian capital market has grown extensively and has made a distinction in the world economy (Kevin Foley

It is obvious that the couple love tourism by the fact that they love traveling a lot . I would advice them to invest in the tourism industry that is booming in Australia . The couple can approach one of the commercial banks and together with what they already have to be able to build...