Financial Planning Perth

General discussion on the activities of a financial planner and their clients, as well as comment on broad industry trends and practices.

Talking money in a new relationship

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Money and relationships

“Darling, it’s time we talked about money…” In my financial planning experiences, talking about money early in a relationship is incredibly important. Even more important is making sure you talk about money honestly and openly. When a couple start working on a budget, one of the last areas usually tackled is their differing attitudes to … Read more

What if you could save 1% more each year?

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Savings are the start of every geat investment plan. Here’s a New York Times page with a very simple “slider” calculator that helps to work out how much your savings could grow to. It’s based on putting aside a percentage of your income – you enter the rate of return and the number of years to invest.

The power of compound interest is vividly demonstrated. i like the emphasis on savings, as so much of mainstream media focus is on investment – which can’t happen without savings.

http://www.nytimes.com/interactive/2010/03/24/your-money/one-pct-more-calculator.html

i’d be interested in your feedback…

Michael

 

Musing on interest rates and currency

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will Australias currency fall when USA rates rise

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

Financial Planning Fees and Costs

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its hard to know where to go for financial planning advice

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

Musing on investing in the Australian Sharemarket

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chance and uncertainty

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