One of the biggest mistakes that people make is they make a few investments and then, after a few years/decades, try and figure out what their strategy looks like. That is, they build their strategy around their assets. Many financial services and property businesses do this too. They design or market investments that suit their …
When working out a retirement strategy, often people try to work out the value of investments they will need by multiplying the amount of annual retirement income they will need by a nominal interest rate. For example, if you want $100,000 p.a. in retirement and you think you can earn an income rate of say …
There are two key things this year to watch out for that might create some financial opportunities. Firstly, it’s likely the Federal election will be in May and I’m certain that tax will be a key policy platform (I expect the Liberals will announce some income tax cuts). Secondly, the Royal Commissions final report is …
Nice family homes in well-established, blue-chip suburbs close to the CBD are becoming increasingly difficult to acquire from an affordability perspective. And if you do successfully purchase an expensive home, it puts pressure on your capacity to fund an investment strategy whilst still repaying a large loan. So, a few years ago, a strategy called Rentvesting was …
With the tightening in credit and the reduction in borrowing power, many investors capacity to invest has been adversely impacted. For example, an investor who planned to invest in two properties worth say $750k each might find that when it comes time to purchasing the second investment property, they can only afford to spend say …
You must have a robust methodology for selecting the right share, property or bond to invest in. If you select the right asset, your investment returns are likely to be very healthy in the long run. However, if you make a mistake, it is likely to cost you money – in terms of opportunity cost and/or …
There are two unfortunate certainties in life; death and taxes. And, unfortunately, tax cannot be avoided (legitimately) even by dying. Australia is one of the very few countries in the world that has no death taxes. However, although there is no tax levied on the property of a deceased person, there may be tax consequences …
The last thing you want to happen is that you work hard throughout your whole career, invest successfully and then lose a large amount of your wealth due to an unexpected event. Therefore, asset protection is just as important as asset accumulation. Asset protection is a subject that most investors fail to consider, don’t get …
According to the ATO, over 70% of people engage the services of a tax agent/accountant. However, according to Blackrock, only 15% of Australians have a relationship with a financial advisor. I believe that many people would benefit from having both. In fact, to crystallise the most value it is imperative that they have a close …
Over the past few weeks I have seen a couple of financial plans produced by firms that have experience in providing advice on investing in residential property (i.e. not the traditional managed fund/shares type advisors). Unfortunately, the quality of the advice was very poor and not worth the fees paid in my opinion. It …
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