Thoughts on money, from a Financial Planner in Perth
Here is a Friday update from John on how he sees the very short term movements of the Australian Sharemarket currently. Please remember the great Disclaimer – none of this information is to be considered personal advice, and you MUST NOT take any action based on this post without first verifying that it is appropriate … Read more
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 … Read more
Here is our first Traders’ Update for 2011. As has been the case since the onset of the Global Financial Crisis, the world of investment is dominated by activities of speculators and traders. That is, investors and institutions looking to buy and sell a range of securities over the short term to speculate on price movements rather than … Read more
Gold, like diamonds, holds a fascination much greater than its simple financial value. It is malleable, resistant to tarnishing, highly conductive and a fantastic metal to work with (in a previous life i completed a jewellery making course and came to appreciate just how easy gold is as a medium). In some countries, the open … Read more
It’s interesting to read notes and articles and research that shows Australia’s pensioners “sitting on a time bomb” or that there is a shortfall in retirement savings of hundreds of billions of dollars. For what it is worth, the bulk of these appear to be a beat-up. For the morosely disinterested or even the remotely … Read more
One of my favourite stupid sayings goes something along the lines of “…. is the new black” (insert whatever is the trend of the moment. It is ridiculous because you cannot be “new” and considered a classic both at the same time). So i am actually being terribly clever on this lovely Friday, by using … Read more
The RBA has increased interest rates by another 0.25%. Most people won’t notice for a while, as they are still busy enjoying Melbourne Cup luncheons and the like. It is an interesting move, this one. Obviously, any move of rates is a keenly watched event – much like the 150 year old horse race – … Read more
Todays’ Australian Financial Review includes an article “Disclosure statements found wanting” (page 56 Financial Services, AFR Friday 29th October 2010). Now there is a non sequitur if ever i’ve seen one! That statement assumes that there would be a time when superannuation statements would NOT be found wanting – and i really can’t see that … Read more
Back in the depths of the Global Financial Crisis (the “GFC”…) investors in the United States were paying money for the right to hold Treasury Notes. In other words, the notes showed a negative return. How is that for strange? Why would you put your capital into cash when you know it is going to … Read more
This note is to highlight a very clever form of helping others that recently came to my attention. Australia has a reputation for “lending a hand”, and charity is one area where many people regularly dip into their own pockets as a practical way of helping others. There are lots of aid agencies of one … Read more