It’s tough to make predictions, especially about the future – Yogi Berra Quite often we think a complex problem requires a complex solution but often that’s not the case. “What should I do with my money now so that I can enjoy a comfortable retirement?” seems like a complex question to answer. There are so …
We tend to take a very long term approach when contemplating many important life decisions such as choosing a spouse, starting a family, education, choosing a career and so on. However, when it comes to money and investing, many people tend to think too short term. One of my favourite quotes is from Howard Schultz …
An investment property should be selected based on the likelihood of it generating strong capital growth rather than secondary benefits such as rental yield or negative gearing. However, saying that, this doesn’t mean we shouldn’t maximise the gearing benefits of your current or future investment property to save on tax! So, if you’re looking to …
With the recent hikes in fixed and variable rates by the major banks recently (refer to last week’s blog), we have been having lots of conversations with clients about whether it’s a good idea to fix your interest rate. Below are 11 points for you to consider when contemplating the fixed versus variable dilemma: Will …
This week, three out of the four major banks increased 5 year fixed rates by a significant amount (around 0.80% p.a.) without any warning. The banks used to give mortgage brokers and branch staff a few weeks’ notice before they increased fixed rates. This allowed us time to let clients know and give them the …
The changes to super announced by the Turnbull Government in the federal budget in May 2016 became law this week. There are a few financial planning opportunities that you should be aware of. Super contribution planning can be deferred until May each year Self-employed people currently have greater flexibility with how and when they make …
At the moment, lenders are offering investment loans on a 5 year fixed rate for only 4% p.a. Perhaps this is a once in a lifetime opportunity. Maybe interest rates will never be this low ever again. Let me caution these comments with two contradictory arguments. Two contradictory arguments that both have merit You should …
The goal for most investors is to accumulate enough wealth so your investment assets generate sufficient passive income to meet living expenses. If this happens, it is no longer necessary for you to work for an income and you then have complete discretion over what you do with your time. Wouldn’t that be wonderful! However, …
There’s a story that Henry Ford was having problems with a generator in one of his plants so he hired General Electric (GE) to fix the problem. The engineer from GE climbed up on the generator and made a chalk mark and told Ford’s people to replace sixteen windings from the field coil. The job …
I was listening to an ad on the radio this week and at the end the advertiser read the following disclaimer: “past performance is not a reliable indicator of future performance”. The government (ASIC) requires businesses to state this disclaimer whenever past investment returns are quoted, so that investors are forewarned that history might not …
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