Are you a Geologist or a Driller?

In November last year I published a post called Time to Risk Assess your Super and Insurance and since that time (almost 12 months) the relevance of that post certainly hasn't decreased, in fact I think it’s increased. In the last year there has been little improvement in the resource industry. Redundancies continue, and to make things worse, industry super funds continue to provide very poor returns despite solid gains on local equity markets. We have little control over the state of the resources industry. However, we can control where our super is invested and how our insurance is structured. Be curious. Check your recent statement from your super fund which you should have received over the last few weeks. If you’re not happy with the returns, don’t ignore it. Do something about it. After all, it’s your money. My time as a Site Senior Executive (SSE) in the Queensland Resources Industry has taught me many things. The most powerful is that of the simple risk assessment. You effectively live and breath SLAMS, TAKE 5’s , HAZOBs, JSAs on a daily basis at work. Every task you undertake you risk assess. You identify the hazard, assess the risk, put controls in place, measure the result and monitor. It’s such a simple and powerful concept that we should apply it to other aspects of our lives - our finances for instance and more specifically our superannuation and insurances. Be informed. So really, your superannuation and insurance needs should be risk assessed regularly. Take the time (it will only take you 5 minutes) to do your own risk assessment and if you identify some hazards and risks, I’d be more than happy to assist you with the control measures, the measuring and the monitoring. Be ready for the future you. We at Hindsight Wealth don't charge for consultations. We don't charge you for a professionally prepared Statement of Advice that we provide to you complimentary after we meet. If you’d like to risk assess your superannuation and insurance options - lets make the time. I don’t charge anything for a coffee and a chat (or a Skype session if that suits) and the best thing is……..you don’t need PPE to visit our Newstead office.