Keystone Private have been regular supporters of The Lady Musgrave Trust, Queensland’s oldest charity supporting homeless women. Lesa Jackson discusses the relationship between Keystone Private and the Trust.
You are not accountable to institutional asset consultants – your liquidity requirements are entirely yours alone, as are your liabilities and your underlying circle of competence.
Truly breaking it down, underlying inflation, your propensity to remain rational, your ability to appoint quality advisors while controlling your ego should be your biggest concerns – not your portfolio’s Beta or its Sharpe ratio.
Are you tactically asset allocated like the Future Fund? No.
Does it matter? Absolutely not.
You aren’t an institutional superfund – do it your way and work on what matters to you, and pick the right people to help you.
It’s a massive advantage, not a disadvantage.
1. Take your time and design a system that suits you.
It’s important to acknowledge there is no one right answer and that everyone’s timeline is different.
“He who holds the gold sets the rules.” Don’t feel any pressure to do anything and don’t be afraid to hold cash as a default.
The stock market could be going vertical right now, it could be plunging. What the market is doing is irrelevant. What your friends are doing is irrelevant.
2. Don’t get on the envy trolley. Your only competition is your ego and inflation, it is not the Future fund or your mate down the road.
Antifragility is the combination of aggressiveness plus paranoia — clip your downside, build competence and conviction, trust your asset allocation, protect yourself from extreme harm, and let the upside, the positive Black Swans, take care of itself.
Source: Nassim Taleb.
3. Identify what you’re good at and how you’re going to use it as a strength.
First, try to establish what you and the people who know you believe you have credibility in doing.
Outsource outside areas of competence and build a framework around you to assess your credibility and that of potential partners, using this to decide on how to divide your capital.
Credibility = proven competence + relationships + integrity
Source: Stanley McChrystal
If you don’t trust your outsourced partners to manage your money, sit in cash; if you do, give them the money and allow them the freedom to do their job within clear boundaries.
Control the controllable
Just a short note to say – THANK YOU.
Keystone Private is celebrating 15 years in business.
It has been an interesting and exciting journey. We started with 1 client & 10 staff and have now grown to 40 staff servicing many clients across many diverse businesses.
I thank our professional staff for their support not only to me but all of our clients
Keystone Private has evolved from humble beginnings to now providing finance & accounting, wealth management, property, family continuity, cyber security & now capital raising capabilities.
Our business was built on the principle of transparency, integrity & most importantly, independence, and we believe these principles are still as important as ever.
Thanks to our clients, colleagues, industry participants for your support on the journey so far.
David Jackson
Founder and Managing Director
Keystone Private is very proud of its support and corporate sponsorship of The Lady Musgrave Trust. In its recent newsletter, The Lady Musgrave Trust made various comments, an extract of which is shown below:
“As a not-for-profit organisation, partnerships and supporters enable us to continue to provide accommodation and support services to young women in need. We are always looking for organisations with like-minded goals to work with. The Lady Musgrave Trust enjoys strong and mutually satisfying relationships with its expanding support base. read more
Brisbane property specialist David Goldfinch has joined forces with financial wizard David Jackson and property veteran Stuart Moody to establish K2 Medical Property. K2 Medical Property is a dedicated health / medical agency focussed on the needs of health professionals. David will be focusing on providing “Institutional” Property/Facilities Management and Development Management of Medical Centres to owners in SEQ.
Knowledge with Understanding | Experience with Integrity
We wish to advise that the Keystone Private company has no relationship or affiliation in any way whatsoever with the Sydney based ‘The Keystone Group’.
The Keystone Group is a hospitality business from Sydney and has recently been placed in receivership.
The facts about High Net Wealth and what it means to your family.
Many families and individuals are unsure where they fit within the High Net Wealth environment. Most would consider themselves ‘wealthy’ but not ‘High Net Wealthy’, while those in the Ultra High Net Wealth category often say they’re just ‘doing alright’.
Definitions of High Net Wealth and Ultra High Net Wealth can be quite varied and depend on all kinds of factors including what time of year it is, who you ask and whether they are thinking globally or locally.
Join some of the Keystone girls in supporting the Lady Musgrave Trust’s High Tea on May 6th. The Lady Musgrave Trust is Queensland’s oldest charity & provides accommodation and services to homeless women and their children. The Lady Musgrave Trust’s High Tea
The Keystone Private family is a close knit team and our people and the relationships we build are the foundation of our business. Equally important to us and an integral part of our DNA is giving back to the community and supporting worthy charities.
To this end, Keystone Private is proud to announce our recent major sponsorship with The Lady Musgrave Trust, through which we provide the Trust with bookkeeping, financial management services, use of our office facilities and other business support. read more
The below is from an article on the Financial Review website by Matthew Cranston dated 12 October 2016, at 4:55pm:
‘Marquette Properties has purchased the Pacific Square retail complex near AMP Capital’s massive Pacific Fair Shopping Centre on the Gold Coast for $20.9 million.
The Pacific Square property, while serving as a strong income asset for its new owners, is also one of the largest development sites on the Gold Coast and could offer an ideal residential property play into the future.
The deal, which was brokered in an off market transaction through K2 Private’s Stuart Moody, represented a passing yield of 7.2 per cent.
The single level retail and office asset at Mermaid Beach has 7355 square metres of net lettable area on a site of 17,300 square metres with 240 carparks.
The asset is 100 per cent leased to tenants who have been at the centre for an average tenure of 10 years.
Tenants include the Queensland state government, Supercheap Auto and Snap Fitness.
Pacific Square is Marquette’s fourth retail acquisition in the last six months alongside the St Lucia Village in St Lucia, Brisbane, for $10.2 million, Festival Towers in Brisbane CBD for $22.7 million and Bushland Beach Plaza in Townsville for $5.5 million.
Marquette Properties’ managing director Toby Lewis said the new property would allow his team to add significant value in the future.
“As well as being a stable investment with a significant rental reversion, the asset has enormous future development upside,” Mr Lewis said.
“We believe the current day development value and replacement cost value exceed the investment value price we have acquired the asset for.
“The asset has excellent retail fundamentals and is consistent with our investment philosophy of buying assets that we can drastically change the value of and be a ‘pricemaker’ at exit.”
Mr Moody said the property, which is zoned for eight levels of residential, was a prized asset.
“We see it as an awesome investment because it’s one of the largest development plays on the Gold Coast,” he said.’
About K2 Private
K2 Private is a boutique commercial Real Estate Service provider focusing on the private owners in South East Queensland. We aim to bring a fully integrated Property Management, Accounting and Transaction Co Ordination service to the private families of Queensland. K2 Private is a wholly owned subsidiary of Keystone Private – Queensland’s leading Multi-Family Office.
For further details please contact :-
Stuart Moody
Director – Property
0421 323 051
