General discussion on the activities of a financial planner and their clients, as well as comment on broad industry trends and practices.
There is a pointy-end of physics that studies the impact observations have on processes. One version is encompassed by the Heisenberg uncertainty principle. It is my thought that this principle should be applied to the world of money, as much as it is applied to quantum physics. Here’s why… It implies that it is impossible to simultaneously measure…
Financial Planning is all about understanding money. There is a never ending stream of data being thrown at us all in this increasingly technologically-fed world but in many cases, all that extra data does is to add to the ‘noise’. Here at Michael’s Musings, a Perth planner will help you sort out the real information…
2012 is definitely lining up to be a watershed year, in which some of the global monetary tensions built up over the past 4 years finally work themselves out. The big question, of course, is exactly how these monetary pressures will resolve. Panic Buy or Panic Sell? In my role as a financial…
It’s the new year, and financial planning as an industry is headed pretty much where previous posts have suggested. Happy New Year! Today, we are going to continue to investigate the ins and outs of bias as it stands in the financial planning industry in Australia. Pour a cup of your favourite brew and let’s get…
New Year resolutions come and go, with most consigned to the rubbish bin by mid-February. How are yours shaping up? If you haven’t made any this year, here’s a shopping list of small financial targets to get the creative juices going. 2012 Financial Checklist Start a budget Always a great place to start, yet it…
bedeep bedeep bedeep… in the latest news to hand… Global market players have left early to go on holidays, having universally agreed that the year of the Rabbit sucks, the market sucks, and that it makes sense to have a little rest before the Dragon enters the scene and provides enough lift to see above…
Insurance is one of those areas that we all love to hate. So what are the facts? How does a financial planner deal with insurance issues? Facts on Life Insurance Here is a recently released video from Comminsure on the facts about insurance in Australia today. It focusses on life insurance but briefly covers areas…
Is the world riskier? Here is a question received from a client recently. My second question is, I remember a time when things ticked along with the ASX rather smoothly, whilst I appreciate the recent volatility is something that we are not used to, I still don’t get the way the market moves at the…
How should your mix of assets change as you approach retirement? Should that mix change at all? What can history tell us about such ideas?
Financial planning is in a difficult period at the moment, with many people questioning the value of advice given and the point of following long term plans.
