Financial Planning for investment in Perth, Western Australia inevitably brings up the issue of residential property investment. Let’s consider the issues as they stand locally.
Financial Planning in Perth – Residential Property
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.
All Financial Planning Advice Is Biased
Financial Planning in Perth, Western Australia. Why should it be any different to that which is delivered anywhere else? Well, actually… it’s not. Financial planning is financial planning, is financial planning – and that means it is inherently biased. Maybe the title should be “WHY is all financial planning advice biased?” All financial advice is…
Financial Planning in Strange Times
Australian’s are currently faced with a range of difficult global factors that bring uncertainty and fear into visions of the future. How do you plan in times such as these? Firstly, by ignoring the vast bulk of the material presented as news and getting back to working out what makes you happy, what will make you happy in the future, and how much you are prepared to do to make these things happen.
A retirement Sea Change?
When faced with the prospects of retirement, and in deciding on how to best live the non-working life, one of the more popular choices recently has been to opt for what has been termed a “Sea Change”. In the case of one of our clients, the phrase has taken on a new meaning – as in,…
Is it better to buy or to rent a home?
For most Australians, there isn’t even a question in this statement. Retate the question as “when to buy a home”, and you’re probably closer to the mark. Maybe even “how to buy a home”. It is borderline heresay to phrase it as “don’t buy a home if…”. If you don’t want to read my background…
The sharemarket and the rabbit-proof fence
The sharemarket is a mystical place – we’ve touched on some of the areas in which it exhibits this trait before. However, today we are going to ponder the flights-of-fancy that come with reading charts on various sharemarket performances. Take my word for it, there is a reason that we are doing so at this…
It’s Friday! How about filling out a survey?
There are so many things to write about today. We could ponder the likelihood of Goldman Sachs issuing a “sell” on commodities while holding a massive shorting position – but conspiracy theories are so old-school, and just because they’ve done this sort of thing before, it doesn’t mean they would do it again, does it…?…
How Do I Measure Risk?
So, what risks ARE you prepared to take? Some people think it is fun to bungey-jump off a cliff or a bridge or a crane when they are travelling overseas, while others are not prepared to do this – whether it be from fear of heights, concern over the health effect on their eyes or…
Investment Advice and Bias
Everyone has a form of bias built into their decision-making processes. It could be based on bad outcomes from past experiences or better than expected results from one activity over another. It may be that you gathered your relevant knowledge from a source that itself contained an inate bias. The trick is to know how…
The Global Financial Crisis Exposed
Money, power, bias – and truth. The Global Financial Crisis (now simply designated ‘the GFC’) brought all of these priorities, and the conflicts they cause, into stark view. A new movie “The Inside Job” successfully highlights the interplay of vested interests, hidden compensation and regulatory policy stupidity that suggests not only that the eventual crisis…
