Stuart Wemyss 
It stands to reason that not everyone needs a financial plan or relationship with a financial planner. There might be various reasons for this. However, perhaps the best way to answer this question, i.e. “who doesn’t need a financial plan” is to discuss what’s involved in a plan and then you can draw your own …
If you sell a dud investment property, you may have to pay capital gain tax (CGT), selling costs and then stamp duty again when you reinvest… it can be a very expensive exercise! And if you have owned the property for a while, it is probably putting money in your pocket each month (i.e. more …
I have written about the importance of considering both investment risk and returns when assessing the viability of an investment. In fact, the world’s best investors tend to have a very low tolerance for risk – they only invest in ‘sure things’. In my experience, novice investors can talk themselves into believing that an investment …
Parents always want their children to have the best education. For some people, that means sending their kids to a private school. Of course, private schooling can be expensive and can have a big impact on your cash flow. But I’d like to suggest that the ‘cost’ is a lot more than the initial cash …
In Melbourne, investment-grade apartments have not appreciated in value very much in the past three to five years when compared to houses – as illustrated by the chart below. I would like to explore why this might have been the case and share my opinion of whether this performance differential will persist. What are investment-grade …
Our core goal at ProSolution is to exceed our client’s expectations in the quality of advice that we provide. Of course, our fees need to be competitive and fair, our service caring and attentive but it’s the quality of the advice we give that we must continually improve. Why is quality so important? Quality financial …
When you compare the Australian market to the US, the difference is frightening. The Australian market is very concentrated (a handful of companies dominate the market), has nearly double exposure to risky ‘cyclical’ sectors and has almost no exposure to technology. I’m going to suggest (below) that you can solve most of these problems by …
Spending is easy and fun. It gives you an immediate hit of pleasure (the chemical dopamine). The problem is that it never lasts. That’s the difference between pleasure and happiness – happiness tends to last longer. To add to this, we know that we should curtail spending as much as possible, so we can save/invest …
Each year, we write an update to this article – see here. It is very important to minimise investment fees and I have written about this previously. However, it is equally (sometimes more) important to ensure you invest in such a way that positions you to enjoy superior returns. I believe that you can do …
I typically strongly recommend to property investors to never contribute any cash into an investment property acquisition. I’m not suggesting that you should blindly borrow more and therefore pay more interest. What I am suggesting is that if you have cash to contribute towards an investment that you do so indirectly using an offset account. …
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