New Year’s Resolutions

S W Morris & Associates is our Risk planning business which compliments Trilogy's investment & residential lending advisory business. Cash management is a critical starting point for personal financial planning, mentioned in the New Zealand Herald article below. Over the break I've read a number of articles on how people changed direction in 2020 either in their relationships or vocation. One thing not mentioned in the article below which I had sent to the NZ herald when they asked for my comments, was the importance of revisiting your Investment Risk Profile and ensuring you have a truly diversified investment portfolio. Personally I don't see my family home as being a part of my portfolio of investments. Return on Investment (ROI) is critical to making investment decisions which could be another New Year resolution when making investment decisions in 2021!

https://www.linkedin.com/posts/sw-morris-%26-associates-limited_diana-clement-preparedness-the-key-lesson-activity-6753797789483966464-WNm0/

Home Loan during Covid-19

For our clients seeking relief from fixed financial commitments and interest costs, we have put together some options available for you depending on your circumstances:

Important note about mortgage repayment deferral: interest is still charged and added to the loan, meaning your loan balance will increase, and you’ll likely pay more interest overall. After the deferral, your repayments will likely be higher unless the loan term is extended.

Please feel free to reach out to us if you have any questions and/or if you need help with your mortgage.

Update March 27th 2020

We would like to update you on how we started operating at the beginning of this week for the next period while COVID-19 Alert Level 4 is in place. Our full team started working from home Monday and continue to be available to assist you, either by email or by phone, and remain committed to assisting you throughout these difficult times for our families. Please do not hesitate to contact us if you have any concerns or questions. The Global COVID-19 pandemic has significantly escalated over the last 3 weeks as Europe, US and UK struggle to contain outbreaks in their countries. We know the NZ Government’s response by moving into Level 4 Eliminate is a positive step in trying to restrict and eliminate the COVID-19 disease. The COVID-19 outbreak has been an unprecedented, rapidly moving international medical crisis. As a result of this share markets, including the NZ Share market, have been very volatile over the last few weeks due to the escalating pandemic. At the time of writing this message we are reading financial reports reflecting the past few days:

“The Dow jumped 1,351 points, or 6.4%, capping its biggest three-day surge since 1931. Over the past three days, the Dow is up more than 20%.”

We expect volatility to continue. In our role as your financial advisers we are very selective in the information we are reading as it is important to determine what in our view is fact and what is being driven by the fear of this pandemic. We have included for you some videos & links below to provide you some information & opinion pieces that we are reading and thought you would find of interest.

Below are some links to some further articles worth a read;

• http://www.tonyalexander.nz/resources/TV%20Covid-19%20No.3%20Supplement.pdf

• http://www.tonyalexander.nz/resources/TV%2019%20March%202020.pdf

• https://www.bloomberg.com/opinion/articles/2020-03-14/coronavirus-big-economic-shock-can-be-contained-and-reversed

• https://insights.nikkoam.com/articles/2020/03/multi-asset-202003

Our view While the COVID-19 global pandemic is unprecedented, global events causing economic shocks are normal and in all previous global economic shocks markets have recovered. Despite the enormous disruption to our lives and shutting down of borders and economic activity, markets will eventually fully recover. Your investments with Trilogy Financial Solutions are well diversified and based on thorough investment research which in extreme economic conditions such as what we are currently experiencing mean your investment is well positioned to weather the COVID-19 global pandemic. Quality financial advice is critical in times like this and we would like to remind you that we are here & available any time to speak to you about any concerns or any questions you have. We are here for you so you can be there for your families. Kind regards, The team at Trilogy Financial Solutions