Thoughts on money, from a Financial Planner in Perth
Michael O'Hara No, it’s not what you think… In my experience, the legal profession has a similar problem to the financial planning profession – lots of people are scared to make an approach to use the services on offer. This could be the result of bad publicity, unrealised expectations in the past or bad experiences of friends … Read more
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 have … Read more
It is not a new story. It’s just the old adage about investors and the trends of markets resembling a “herd” of like-minded folk. Most often portrayed as sharing a common delusion in regards to where they are headed. Quite often the story includes images of the herd merrily stampeding off a cliff, while a … Read more
No reason really – just thought the site needed a splash of colour.
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It is a favourite parody scene from some of my favourite comedies – in the midst of a terrible turmoil there is someone runing from pillar to post, pulling out their hair while yelling (usually with an enforced accent), “but what about the baby?” It may be a long bow to draw any similarity but … Read more
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 good … Read more
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 released … Read more
Correct answer : No-one. Notes : This is correct on the same basis that no-one needs a doctor, a lawyer or a politician. Each of these professions fails to meet the “basic needs” criteria. The same argument could be put for trade professions such as plumbers, brick-layers, truck drivers or mechanics. It is quite possible … Read more