个人财务与投资分析

SuggestionsonAndrew’sinvestment1.IntroductionTohavecomfortablelife,itisimportantforonetoearnmore,butnolessistherightmanagementofmoney,asacclaimedbyCarlos(2009).Andrewisfacingtheproblemofmanaginghismoneyeffectively,sothisreportiswrittentogivehimsomesuggestions.Beforewriting,theworkofreferringtotheintroductionofhissituationandthecheckingoftheinternetforinformationofproperfinancialproductsandserviceshasbeendonecarefully.Aswaswrittentoillustratethefactthathowtoscheduleyourfinanceandhowtoinvestefficiently,thisreportisnotonlyfitAndrewverywellbutwillalsobehelpfulforsomeonewhoisunfamiliarwithfinancialservicesandproductsbutwanttomanagetheirwealthmoreefficiency.ThereportfirstlyanalyzedthefinancialstructureofAndrew;inaddition,ItworkedoutthefuturefinancialneedsofAndrew;then,Itcheckedtofindproperfinancialproductsorservicesmainlybyinternet;andfinally,ItcomeupwithaconclusionwhichincludesaseriesoffinancialproductsandservicesthatfitsAndrewwell,alsoIthelpedhimonhowtodealwithiteffectively.2.Analysisoffinancialservices2.1CurrentfinancialstructureofAndrewAberdeenassetManagement£30,000Prudential£6,000RoyalBankofScotland£60,000Currentaccount£1,800SavingsAccount£5,000$500/monthDividendsIncomeInterestTable1.Andrew’sfinancialstructureFormtable1wecanclearlyknowwhatAndrewhasandhowmucharetheytoinvestment.Thecalculationofhisassetsandnetincomeindetailisasfollowing:Ashehasbuyapersonalpensionforfiveyears,andhedoescurrentlypay6%ofhisgrosssalaryintoit,sointotalhehasput$14400intothepersonalpensionschedule.AccordingtotheTaxreliefonpersonalpensions,heendsuptohave$18000inhispensionpot.Hisassetsincludesomeordinarysharesofthreecompanies,moneyinbankaccountsandaflat.Thenumberofordinarysharesisasfollowing:AberdeenAssetManagement30,000Prudential6,000RoyalBankofScotland60,000Moneyinhiscurrentaccountis£1,800andinhiseasy-accesssavingsaccountis£5,000.Theflatisa2-bedroomflatnearthecentreofEdinburgh.Hisdebtisthemortgageofhisflattopayinfiveyears.Hemaypaytaxincludeincometaxandtaxonsavesandinvestments.AccordingtotherulefromthewebsiteofUK(2011),tocalculatehistaxonInvestmentPensions???Portfolioincome,weshouldfirstlycalculateoutthetaxableincomewhichisgrossincomeofsalariesandinvestment;thenlessdebtandpensioncontributions,andlastlytofindtherightbasicratetodothefinalcalculation.Theprocessofcalculationisillustratedasfollowing,Andrewandcalculatesitoutbyhimselfwithfurtherinformationonhisfinancialcondition.HecanalsosearchforonlinehelpbyvisitingthewebsiteofHMRCOnlineServices.TaxableIncome£48,000LessPersonalAllowance???LessPensionContributions£3,600Incometaxchargeableon???BasicRateatthefittestlevel???Taxpayable=???Taxrateonearningsbydifferentwayorondifferentfinancialproductsareusuallydifferentfromeachother.Anyinterestearned(onsavingsaccounts,certaintypesofOEICetc.)isusuallytaxedat20%,whileinvestmentincomeintheformofdividendsfromcompanyshares,forexample,isonlytaxedat10%(Arthur,2009).Whenhesellhisassets,suchashisflatorhisordinaryshareshehastopayforaCapitalGainTaxatthetaxrateof18%.Hisincomeincludeshisafter-taxsalary,dividendsandinterestsfromhisbankingaccount.Butmoreattentionshouldbepayonabouthisnetincomeortosaythecashflowhecanmoistertoinvest.Hehas$500permonthleftoverfromhissalarythathecansaveorinvestelsewhere,soitaddupto$6000everyyearhecancollecttosaveorinvestelsewhere,thisishisnetincomeviahissalary.Hecanalsoreceivesomedividendsbyhisordinarysharethoughstocksheownandintereststhoughhiscurrentaccountandeasy-accesssavingsaccount.Interestsofhiscurrentaccountandhiseasy-accesssavingsaccountarevariousfromdifferentbanksandtimetotime,butAndrewandeasilyfindthemfromthewebsiteofthegovernmentofUK.2.2futurefinancialambitionsofAndrewHewishestousethefundshehasavailabletotraveltheworldforatleasttwoyearswhenheretires,sotheinvestmenttermssupposedtobetotally10-12yearsandofcoursehesupposethemuchrewardthebetter.Hehastopayformortgageforhisflatinthenextfiveyears,soheshouldbeclarifyinthefirst5yearswhileinthelast5to7years.Inthelast5to7yearshecaninvestintosomefinancialproductswhichismoreriskybesidesremainssomemoneyforhisliving.Afterbackingfromhistravelaroundtheworld,Andrewhastoplanforhisrestlife,ashehastohaveaflattolivein,butdonotneedoneafterhisdeath,IsuggesthimusingReverseAnnuityofRealEstateandlifeinsurance.Sothisreportsuggestshimtodividehisinvestmenttermintothree.Thefirstoneishisfirstfiveyears,thesecondoneishisother5to7years,andthethirdoneisfromhisbackoftraveltohisdeath.2.3RangeofproductsavailabletoAndrewThefinancialsectorincludesbanks,insurancecompanies,financehouses,investmenttrusts,fundmanagers,thestockexchangeandsoon.Theyprovidemanyfinancingtoolsincludeinvestorshares,bonds,andwarrantsandsoon.AshehasnoobviousinclinesthatallthesefinancialproductsandtheirportfolioscanbeavailabletoAndrew.InformationindetailsoffinancialproductswhichmayfitAndrewisasfollowing,Pensions:Pensionsaredesignedtoprovideregularincomeforpeoplewhentheyretired.Blackburn(2007)haddiscussedaglobalpensionplanwhichincludesavariouskindsofpensionswhichsuggestedthatTherearereallymanydifferenttypesofpensions,andtheyaretraditionallybeenmana