Thoughts on money, from a Financial Planner in Perth
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If there is a single phrase that the financial industry misuses more than any other, it is “long term”. It’s a bit like deciding to get fit by telling everyone you’ll do more exercise. You feel satisfied, because anything is more than you are currently doing – but you and i both know that “more” … Read more
Regular readers would be aware of my penchant for rubbishing the political (leaders?) folk who vie for our votes, and who decide on how legislation and laws that govern our lives are drafted. It’s maybe a tad disrespectful of me, and more than a little unfair to those individuals who strive to do their best, and … Read more
Chancellor Angela Merkel arrives in France and is going through passport control. “Nationality?” asks the immigration officer. “German” she replies. “Occupation?” “No. Just visiting.” No really… is anyone else finding it hard to think of European political attempts to fix economic problems without resorting to chuckles? Europe – lessons in moving at the pace … Read more
IF you were a wealthy individual, worried about the economic environment that you were in, would you lend millions of dollars to your government at a nil interest rate? Well, it seems that many people in the world think that is a fantastic idea. The German government has pulled one of the best financial swifties … Read more
The good news is that the budget is going into surplus. Small yay! for prudent financial management and responsible government. Big “what the?” for the usual smokes and mirrors that seem to appear any time a Treasurer releases a budget update. So far this morning, i’ve received many, many, many pages of insight, research, analysis … Read more
This is a common question i am asked by parents who are keen to see that their children get the same (hopefully better!) opportunities in life that they had. It’s not one of my worries, and i’ll share with you the reasons why i consider home affordability to be one of the least concerns for my children’s future. … Read more
Here’s a little thought… The RBA announces inflation outcomes. If quarterly inflation falls, and the annual rate falls, is inflation higher? As Simon in our office has today pointed out, it depends on who you read, and what they are trying to say. BBC News suggests inflation is easing, so i guess it’s lower. The … Read more
With all the gloomy news about falling retail sales, declining house prices, and small business access to credit, the average person can be forgiven for thinking that “things are bad”. In times such as this, it is natural for a parent to worry about the world that their children will inherit, and the financial problems … Read more