Thoughts on money, from a Financial Planner in Perth
Financial planner education standards have again made the news, so i thought i’d share a little insight into the world financial planners currently inhabit. Financial planner education is just one of many areas in which financial planning has evolved dramatically. Such improvements are not general knowledge in the broader community, so this post is really … Read more
Hands up all those who enjoy sitting down to update their finances and submit themselves to a new year financial health check? There aren’t a lot of you, are there?
OK. It’s time to stop avoiding this little financial task. Prepare yourself because I’m about to give you The-Just-Do-It Stare.
What keeps this financial planner awake at night? Currently, it’s thoughts about “the anchoring fallacy” and the impact it can have on money and plans for the future.
How much do you think the property you live in is worth? How about the suburb or area in which you live – what do you think would be the combined value of all those properties? Ever wondered what all the property on earth is worth? Global Property Value As usual in an information filled world, … Read more
Global themes will impact all money plans for the future. Have you thought about your financial future in this context? Will you have to change any of your plans?
Famous words, made all the more famous’er by the late but very great Douglas Adams, in his 4 book trilogy “Hitch-hikers Guide to the Galaxy” (although the actual number of books that make up the trilogy is subject to some dispute). Douglas Adams was referring to the great cosmic guidebook produced by Megadodo Publications. “It … 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
Take a deep breath… we are about to enter the secret world of financial risk and return measurement… . How long is long term? How do you balance risk and return? These would be two of the shortest questions to ask yourself, yet they are also two of the hardest questions to answer. It does … Read more