Financial Planning Perth

General discussion on the activities of a financial planner and their clients, as well as comment on broad industry trends and practices.

Everyone wants to be your financial friend

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From a financial advisors’ point of view, a lot of the current debate on the value of advice is more than a little bemusing. Over many years the role of advisor has evolved from what was predominantly an insurance advice role (~40 years ago) through superannuation advisor (~30 years ago), investment advisor (~20 years ago)…

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Reduce costs and get healthy – buy groceries online

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I have always been “anti” online shopping when it comes to groceries.  I had a lot of pre-conceived ideas on the cost, practicality and product quality of delivered groceries.  In my mind I was sure that delivery would cost between $15-$20, only available between 9am-5pm (when most of us are at work) and that they would…

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A Christmas Poll

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Inflation suggests that the cost of living rises (nearly) every year. Following the impact of the Global Financial Crisis, some areas of the economy are flat, some have gone backwards and others are approaching previous high points. We are interested in how it is impacting the average person. Here is a quick poll for you…

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Be gentle on ‘Industry Funds’ – they know not what they do.

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The front page of todays Australian Financial Review (AFR) includes an article titled “Unlisted assets drag down super fund returns”. In it, the returns of ‘Industry Funds’* is suggested as showing falling returns into a recovering market. This is entirely expected, and should not be a reason to argue against the ‘Industry Fund’ attraction to…

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Noise – it’s all just noise..!

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My brother sent this photo yesterday. It is the view from his current workplace, in Laos. Here is my view… Sometimes the hustle and bustle of the day-to-day can stop us from seeing and thinking clearly. When considering money issues, this is the most common cause of mistakes being made. It may sound easy to…

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Why Industry Funds are good “Default Funds” in awards

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There has been quite a bit of debate in recent times on various clauses in various “Awards” as they relate to superannuation.

Some argue that this takes away “member choice” and that it unfairly promotes “industry funds” (i have not used capital letters, as i have not investigated whether all awards with these provisions specifically relate to funds that are members of the Industry Funds marketing group). However, i would argue that this is in fact a very good basic step to take in many cases….

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“Industry Funds” – Compare the pair

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Just a moment please, while i don my titanium-lined protection suit… Members of the super fund industry are particularly sensitive at the moment, so anything that i may say here will undoubtedly be taken incorrectly, misquoted or distorted in some other way. Previous attempts to bring a bit of plain English to the super funds…

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