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.
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.
It has been an eventful couple of weeks. Time is short at the moment, so todays’ post will make comments without directing you to a lot of the underlying data. In other words, we are going to mainly consider my thoughts and judgements as opposed to facts and analysis. There is an enormous...
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Isn’t it great when someone actually gets around to doing something that you’ve been nagging friends and family about? You know, when Great Idea No 726 actually comes to life? Well, here is my example… The New York Times has being doing its patriotic duty, and following the trials and tribulations of US politicians...
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Yes, that’s right. You heard all about it here first. The good news of the day is the successful launch of Fosters’ wine business as a company of its own – Treasury Wine Estates. I for one, intend to celebrate that with a lovely glass of red at the earliest convenience. And while i’m...
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When is inflation not inflation? A rather rhetorical question for a Friday, to be sure. However, this particular pondering has been brought on by one of WSP’s business partners – John – who has been looking at the Reserve Bank of Australia’s (RBA’s) recent attempts to keep inflation under control. John’s comments are that...
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Much has been made over the last year on the relative merits of a “mining tax”, which has also been called a “super profits” tax. Very learned folk have invested a lot of time and energy into looking at Australia’s economy and trying to work out how to better spread around the benefits of...
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Money, power, bias – and truth. The Global Financial Crisis (now simply designated ‘the GFC’) brought all of these priorities, and the conflicts they cause, into stark view. A new movie “The Inside Job” successfully highlights the interplay of vested interests, hidden compensation and regulatory policy stupidity that suggests not only that the eventual...
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Todays’ Australian Financial Review includes an article “Disclosure statements found wanting” (page 56 Financial Services, AFR Friday 29th October 2010). Now there is a non sequitur if ever i’ve seen one! That statement assumes that there would be a time when superannuation statements would NOT be found wanting – and i really can’t see...
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Just what constitutes “personal financial advice”? We here in Wealth & Security Planners have noticed a marked increase in the number of people who are looking at various forms of money market news as “advice”. It is a development that has both good and bad aspects to it. This post is a quick look...
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i don’t know about you but at this time of the year i don’t sleep all that much. A financial planner looks at the end of the financial year as a one-way farm gate – if you don’t get all of your clients’ assets and details through that gate then there are opportunities that are...
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Do you think that Governments in Australia will ever realise the impact their decisions can have in a country to relies on foreign capital to the extent that Australia does? In the face of wildly flutuating commodity prices – driven by massive, temporay global stimulus efforts and a surfeit of hot and fast speculative money...
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