August 2007
You are browsing the archive for August 2007.
The cost of retirement
For most people the major goal of wealth creation is to reach the point of financial independence. That point is when you have enough net wealth that you can choose to never work again and you will be able to meet your lifestyle expenses. (Commonly this is referred to as retirement but the future seems [...]
Is your money mindset robbing you of riches?
Have you ever wondered why some people seem to have most of the wealth and continue to acquire more, but you don’t appear to be getting ahead so quickly? If so, it could be your money mindset. In this interview on the TV show Wake Up! WA I reveal how your beliefs, values and thoughts about [...]
Paying only for performance
If you were going to pay someone to invest your money and had agreed that you would pay them only a profit share arrangement how much of the profit would you be willing to share with them? Fifty-fifty perhaps? Paying only when someone makes you money sounds like an attractive option, but Australian managed funds have [...]
What is fee for service financial advice?
The financial advice industry is still evolving and consequently there are lots of different ways that you will pay for the education, guidance and advice that you receive. Prior to seeking advice it is a good idea to be clear on what type of advice you are seeking and also to get a handle on [...]
So how risky is the market really?
If you are keen to learn more facts about the risks of investing then Fidelity International have just released some free tools to help you learn. Visit www.fidelitytools.com.au to: Find out how markets have recovered from various past shocks Check the impact timing your investments could have on your returns See how picking the best stocks [...]
Focus on your true net returns
Yesterday, Vanguard Investments Australia released some research highlighting the significant impact that tax has on investor’s returns. Read the report here. The report focuses on the 15 largest wholesale Australian Equity (Share) Funds. Presumably this sample was selected to represent the impact on a majority of investors in such funds. Tax is a big cost [...]
Be wary of league tables
This time every year mainstream media often report on the league tables for investments and superannuation accounts. The reports mostly talk about “the best fund”. Was your fund one of the best? Or have lost money through missed opportunity? They are unreliable If your fund doesn’t feature among “the best” don’t despair (yet). I think [...]
What is the best investment?
One of the most common and frequent questions I am asked is: “Matt, what is the best investment?” In the media this question is often covered by delving into some analysis of the current state of the markets. In my opinion that is an incorrect and incomplete approach. So my jaw dropped on Saturday when [...]
The key ingredient to wealth
Hi Imagine for a minute that you’re on a ship sailing the seas; perhaps a cruise along the Alaskan coastline. The ship hits an iceberg, starts taking on water and the Captain announces “abandon ship – everyone to the life boats”. Traditionally, who are the first to be saved? The women and children. But why [...]
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