The ultimate aim of investing is to build wealth. Current and future tax liabilities can have a significant impact on your ability to build wealth. Simply put, the less tax you pay, the more money you keep for yourself. Therefore, taxation is a major consideration. That said, tax consequences should never drive investment decisions alone. …
Quality professional advice almost always pays for itself. That is, a good lawyer will help you reduce risk or save money. An astute accountant will help you minimise the tax you pay. A reputable financial planner will make your money work very hard for you. Assuming the professional advice is of a high standard, the …
How do you identify the best superannuation fund or managed fund? It would seem logical to compare the net investment returns (after fees) over various periods of time and select the one that has produced the best results. But you would be wrong. This approach will not necessarily identify the funds that will produce the …
From time to time, parents ask me for advice on the best vehicle to accumulate savings for the children. The intention of this blog is to give you a summary of your options and to let you know which option I think is the best. Savings, gifts, inheritance and the like Sometimes parents would like …
When faced with financial decisions or questions it is often an instinctive reaction to jump straight to trying to figure out what is the correct answer. However, I’d like to suggest that a better approach is to ask yourself “who” rather than “what”. That is, who is the best person that can help me answer …
Many people invest their super with industry super funds because they feel its the best (low cost, good returns) and simplest option. I agree that industry funds are almost always a better option than retail (bank owned such as Colonial, BT, AMP, MLC, OnePath, etc.) funds and often better than SMSF’s too. However, I …
Below is a recording of a webinar hosted by Wakelin Property Advisory and us on 13 September 2017. Jarrod and I provided an update on what’s been happening in the property market, tax changes and planning, an update on the mortgage market, an analysis of the recent super changes and we answered plenty of questions. …
Employers must contribute 9.5% of your salary (up to a maximum of $20,050 p.a.) into super. But should you make additional super contributions? This is a question I’m asked regularly. Of course, like many financial planning matters, the answer does depend on your individual circumstances. However, there are some fundamental concepts that help us understand …
Investment into a medical or dental practice can cost hundreds of thousands of dollars and in some cases, millions and although it is a rather secure investment (most of the time), there are various factors that need to be considered – from how much you should be paying for your investment/ownership share, to structuring for …
There are two things that trip up many investors. The first one is they cannot figure out what they should invest in next (i.e. what investment strategy is most appropriate). Or, secondly, if they have been able to develop an investment strategy, they fail to execute it correctly. These are the two most common hurdles …
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