Michael O'Hara

Michael O'Hara is a Financial Planner operating out of a boutique advisory service in Perth, Western Australia.

Talking money in a new relationship

Money and relationships
Share

“Darling, it’s time we talked about money…” In my financial planning experiences, talking about money early in a relationship is incredibly important. Even more important is making sure you talk about money honestly and openly. When a couple start working on a budget, one of the last areas usually tackled is their differing attitudes to…

Share

Property Value

Property Values
Share

How much do you think the property you live in is worth? How about the suburb or area in which you live – what do you think would be the combined value of all those properties? Ever wondered what all the property on earth is worth? Global Property Value As usual in an information filled world,…

Share

Link

Share

Savings are the start of every geat investment plan. Here’s a New York Times page with a very simple “slider” calculator that helps to work out how much your savings could grow to. It’s based on putting aside a percentage of your income – you enter the rate of return and the number of years to invest.

The power of compound interest is vividly demonstrated. i like the emphasis on savings, as so much of mainstream media focus is on investment – which can’t happen without savings.

http://www.nytimes.com/interactive/2010/03/24/your-money/one-pct-more-calculator.html

i’d be interested in your feedback…

Michael

 

Share

Happiness and a long retirement

Share

How do you plan for happiness and a long retirement? From a financial planning point of view there are two key questions to resolve before you can come up with an answer: What is a “happy life”, and  How long is “long”?   Happiness in retirement This is really your part of the financial planning…

Share

Musing on the price of guaranteed returns

guaranteed
Share

What is the price of obtaining a guaranteed return? More correctly, what will it cost you to buy a guaranteed return? We all want a great tax-free return with no risk but the reality is that every investment involves some element of risk and tax – well, we all know the old saw about death…

Share

Risk and Return

Risk and return. Making decisions on probability
Share

Risk and Return are two aspects of investment that are most often discussed separately, as if it were possible to have one without the other. This is especially true in the post-Global Financial Crisis (“GFC”) world, where the range of potential outcomes can be quite large. The GFC and its aftermath have created big huge…

Share

Musing on Interest Rates

Reserve Bank of Australia cash rates chart August 2013
Share

Australia’s cash interest rates are currently at record low levels. If your cash account earns that interest rate of 2.5% then you are probably just keeping ahead of official inflation rates – currently noted as 2.4%. If you are paying tax then that means your purchasing power is slowly being eroded. In other words, the…

Share

Musing on interest rates and currency

will Australias currency fall when USA rates rise
Share

Predicting interest rates is no different to any other form of financial market prediction – it’s only a guess and has a very high chance of being wrong. There are just so many inputs into the interest rate outcome. Some people may be asking themselves whether Australian interest rates will rise? Here are some very…

Share

Retirement income and inflation

retirement incomes often are supplemented by work income
Share

How much money do i need to retire? This is one of the more common financial planning questions. However, the answer requires some digging into ideas and concepts that many people haven’t really sat down to think about before. A good starting point ti to look at the amount of income you need to live…

Share