So this was one of a few (panicked) emails I received this week from people who had used Six Park to invest their cash. Here are a few things to know...

Six Park (an online investment platform) announced last week they are closing down. Investors have until the 28th of August to decide what they are going to do. If you don’t do anything your investments will be sold and then money will be deposited back into your linked cash account. It’s important to know you will have a tax outcome if the funds are sold (either a capital gain if you’ve made money, or a loss if the portfolio hasn’t performed well).

I think it's important to know it doesn’t mean your investments haven’t gone well (they may have, it depends on what you have invested in). But, as the platform is no longer operating you’re going to need to figure out what you want to do with the money invested.

What next?!

Having read the comms Six Park sent to investors this week, I decided investors needed a longer session where I can explain all of this in more detail, so you can weigh up all your options. So I have made an (emergency) webinar next week to take you through it in more detail. Emergency because you have only a couple of weeks to take action.

If you (or someone you know), is a Six Park investor, below is the link to watch the recording of my free live webinar.

In this webinar, I will:

🤔Help you understand what the closure announcement means for investors

📜Unpack the options they have provided you with, and what they mean

✍🏻Explain the different tax, product and investment considerations to work through before you do anything

Have a money dilemma?

Money dilemmas can be a nightmare! They can leave you up all night ruminating about what to do, have you feeling alone and isolated or just plain ol' stuck. So, we are here to help. I am going to tackle one a week and give you my unbiased, no BS general thoughts on how to tackle your conundrum. We would love for you to send yours (or someone you know) in. 

Obvs all of this is general advice only... especially important to note any and all of the comments above do not take into account your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs.