Case study: how the ultra wealthy invest, exiting a $5m business, unlisted versus listed funds & more, ft. Renee Condylis

Renee Condylis is a senior financial adviser at Perpetual, working with high-net-worth families, individuals and clients.

In this Australian Investors Podcast episode with Owen Rask, Renee is given a case study of a couple, Lois and Clark, who want to retire comfortable while also exiting their business.

You'll find the full case below.

GET IN TOUCH WITH RENEE ON LINKEDIN

** CASE STUDY **

Lois (59) and Clark (62) Kent live in Parramatta, NSW. They have a $550,000 mortgage and 2 kids (17 and 24).

Lois a journalist earning $110,000 + Super and Clark runs a private security business, Super Protection Ptd Ltd, estimated to be worth $5 million (based on 2x sales or 10x profit).

The couple has approximately $1 million outside of Super (in a smattering of unlisted funds, LICs and a few ETFs and stocks), plus $210,000 for Lois and $240,000 for Clark in Super. Clark believes he is a high-risk investor, and currently manages a portfolio of funds and ETFs. Lois thinks she is more conservative-to-balanced but Clark convinced her to go high-risk inside Super and she's happy with the decision.

The only major goal they have is wanting to retire within 10 years, being self-funded and debt free. They're not too worried about leaving much to their children, but would like to give back regularly and support their children with their first home and/or weddings when the time comes (probably in the next 4 years). They'd also like to travel modestly every few years. 

ASK A QUESTION for the podcast:

• https://bit.ly/3QtiY00

J.P. Morgan Asset Management

If you want to thank us for putting this show together, please give The Australian Investors Podcast a 5-star review on Apple Podcasts or Spotify - it’s a 5-second task that really helps support the show (and puts a big smile on Owen's face).

The Australian Investors Podcast series is proudly supported by J.P. Morgan Asset Management. With over $3.4tn in assets under management globally, J.P. Morgan ETFs push the boundaries of ETF investing to help build stronger, diversified active portfolios. This information is generic in nature and does not constitute as offer or personal financial advice. Investors should seek professional advice, refer to further details, relevant Product Disclosure Statement and Target Market Determination on their website.

Join The Intelligent Investor & save

This podcast is brought to you by The Intelligent Investor, Australia's premier investment research membership service. Use the code "RASK", to get $100 off your annual membership or get a free 15-day trial (no credit card details required):

📈 Click here for a free 15-day trial

💸 Click here to join today ($100 off)

Trade ASX, US & HK stocks for just $9.50!

The Australian Investors Podcast's official broker is SelfWealth. Over 120,000 smart investors use SelfWealth to invest and trade ASX shares, ETFs and global stocks. Rask's Investors Podcast listeners can join today and get $9.50 trades!

✅ Click here to join SelfWealth

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.

Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

Learn more about your ad choices. Visit megaphone.fm/adchoices