Thoughts on money, from a Financial Planner in Perth
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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 … Read more
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 … Read more
Financial Planning Realities This note is a broad look at financial planning fees and costs in Australia. It is necessary to put this all into the “public domain” as there seems to be a massive disconnect between what that financial planning industry/community IS versus what it is perceived/stated to be by various players. This leads to a … Read more
Word from the street is that HSBC is “near $1.9 billion settlment over money laundering”. The US government is cracking down on money laundering generally, and HSBC is a high-profile target after some subsidiaries revealed less-than-appropriate dealings. Standard Chartered “agrees to settle Iran Money Transfer Claims” is the headline of a New York Times article that … Read more
It’s Friday, and that means a cup of tea and a ponder of the mix of urgent, important, frivilous and ironic perspectives available to anyone interested in the Australian sharemarket. Musing on share market strategies It is not possible to predict markets. This reminder should be tattoo’d on the fingers of every person who elects to actively … Read more
Property investment funds have had a stellar year… Just a quick ponder today, with a focus on the managed property investment scene. The area of interest is specifically the rates of returns currently showing for property investors in the major managed investments. This post has been prompted by recent advertisements which start with the returns … Read more
Welcome to 2013, the year of the snake! Already a few weeks old, 2013 has all the makings of a very good year. For a start, the political systems of the three major economic global power blocs (Europe, USA and China) have managed to wriggle their way through some fairly tricky turf and start the … Read more
“Risk on, risk off” is a phrase used to denote the massive trading shifts taking place at institutional levels in the post-GFC (“global financial crisis”) world. The phrase encapsulates the skittish approach investors have taken to the day-to-day news and data feeds that are highlighted on the evening finance news segment. The question for us … Read more
Global themes will impact all money plans for the future. Have you thought about your financial future in this context? Will you have to change any of your plans?
Your risk profile is your personal assessment of the areas in which you have leeway, and the areas in which you do not, in your attempt to achieve a result as close as possible to that unachievable perfect outcome.