Here at Michael's Musings, a Perth planner will help you sort out the real information in amongst all that noise. Feedback and comment cheerfully received, even if sometimes ignored. To log-in using your Facebook, LinkedIn or other network ID, please click this image.
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This web site is operated by Michael O'Hara, an Authorised Representative of WSP Financial Services Pty Ltd (AFSL 237463), which trades as Wealth & Security Planners.The views expressed within this website are Michael's personal views, and should not be interpreted as necessarily representing the views of WSP Financial Services Pty Ltd.
There is currently no specific direction provided by Government regulation (ignoring very specialised situations) on where a super fund must invest money. There is a requirement instead that the Trustee ensured the fund assets are appropriate to meet its obligations to fund members (that’s my interpretation of far more technical wording). Over time there...
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For those who do not wish to visit a financial planner or those who simply want a quick response without having to go through lots of discussion, here is a very good website that offers fund comparisons. It is the Chant West “Applecheck” site. It focusses on more than just returns, and is an extremely...
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I’m sorry, that was just sooooo funny that i almost choked even as i was typing it. ‘Understanding’ is not a word usually associated with superannuation funds, never mind understanding anything about the investment returns achieved by those funds. APRA (the government body charged with supervision of a lot of these areas) has just...
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If you are bored enough of your day-to-day, you may have noticed my previous posting which included the text of a note that i sent to the Crikey online newsletter in an attempt to get some sort of intelligent discussion happening in regards to commissions and fees for superannuation. Well, it seems that when...
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Having just spent a bit of time setting out the relative aspects of bias that exist in the Financial Planning industry, i thought it relevant to highlight just how prevalent and deeply ingrained this tendency for bias is. Please bear in mind that i am not making a value judgement here – bias will...
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How to start in an area that is so little understood, even by those who set out to regulate or administer the laws of advice? Let’s start in a place called Mar-a-Lago, a Donald Trump owned private club in the salubrious Palm Beach in the good ol’ US of A. The cream of the...
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Quite possibly THE singularly most important issue that can be dealt with when considering money. This is likely to be a rather lengthy and ongoing discussion, so go make a coffee (or tea or whichever version of calmative you prefer), lean back and open your mind just that extra little bit. There are more...
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This is a very special word in the area of financial services. At least, it is legislatively important in Australia and a good starting point when you begin to consider money, advice and how they interact. Let’s get technical for just a moment… In Australia, the word “indepedent” and its use by financial intermediaries...
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