Stuart Wemyss Borrowing more than 80% of a property’s value might allow you to start your investment portfolio (or add to it) sooner or upgrade your family home. Borrowing 90% with a mortgage insurance waiver on a $750,000 property (for example) will save you over $16,000 in upfront (mortgage insurance) cost. A “Big-4” lender on our panel …
Commonwealth Bank’s share price has recently increased above $75 which is well above its pre-GFC high of $60 (and massively above its GFC low of less than $30! It is amazing to reflect back to September 1991 when it first traded at $6.81… which means the share price has increased by an annual compounding rate …
If you have insurance within your super fund you may be paying for cover that you’ll never actually benefit from. It has recently come to light that some industry super funds have offset clauses with Life insurance (and other products). This is best explained by example. Assume David has $300,000 of Life insurance with AustralianSuper …
There have been some positive signs in the banking sector (particularly with respect to competition) that I wanted to update you on. When the Global Financial Crisis hit Australian shores many lenders retreated from the market (stopped lending) and quite a few of the second tier lenders where acquired by the Big 4 including St …
I received an email from a client (dentist, Dr Michael – surname withheld) approximately a month ago suggesting that I write an article about how much financial knowledge you need. Should you endeavour to know as much as you can so you don’t need any advisors or should you have a little bit of knowledge …
Upgrading your home is typically a huge financial decision. Sometimes, timing is everything. There are lots of issues to weigh up including lifestyle needs, cash flow, future changes to income, the quality of the properties for sale on the market, the health of the property market and the list goes on. Another complexity is that …
Most people would have read about the skiing accident that former formula one driver Michael Schumacher suffered about a month ago. He is still in a coma and his future health is very uncertain. Apparently, Michael took care of his health and was very fit. However, of course, accidents can happen to anyone and we …
I ate a mandarin recently and got annoyed at the number of pips in my fruit (an average of 3 pips per segment…that’s a lot of pips). I wondered how much more enjoyable that mandarin would have been had it not had any pips. It struck me later that those pips, those little seeds, are …
Firstly, I have to warn you that this newsletter diverges from the traditional financial topics that I usually write about. My advice is to read this newsletter with an open mind and be prepared for something different. I had the pleasure of recently seeing Shawn Achor, a Harvard-trained researcher and an expert in happiness and …
It’s the year 2022 (September). Collingwood has won 3 premierships in a row and are looking good for a fourth. Geelong hasn’t made the eight in 7 years. I am considering using Grecian 2000. Stuart is hosting The Apprentice and the number one news item that night is that the stock market just made a …
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