June 2008
You are browsing the archive for June 2008.
Creating Wealth: Should you D.I.Y. Or Outsource?
To create wealth is it better to do it yourself or outsource? Is an active approach better than passive? If you do outsource some parts, how do you know what to outsource? In this interview on Wake Up WA, I answer these questions with a unique model I have developed. Watch the video now.
If you want to be a millionaire don’t follow your mates
According to the latest World Wealth Report by Merrill Lynch and Capgemini, there are approximately 172,000 Australians who are millionaires. (The definition of millionaire is in US dollar terms and excludes your own home and other lifestyle assets.) This is a very low figure given that most people, if asked, would say that they want [...]
Fee based advice hard to find
If you are wary of your financial adviser being biased by commissions then you will want to work with an adviser who charges fees and rebates commissions to you. But according to new research released today such an adviser may be hard to find, with only approximately 1 in 10 Australian financial advisers focused on [...]
The truth about inflation
If you have a preference for do-it-yourself investing and timing the markets then you need to have an understanding of economics. I have long been an admirer of Dr Ron Woods of Econoclast for the fact that his economic insights are actually understandable as well as often challenging the conventional wisdom. This is the same [...]
Has some of your superannuation been stolen?
On Friday night the current affairs show, Today Tonight reported that $300 million of superannuation has been stolen by employers. It’s a shocking situation for sure. Could some of your superannuation have been stolen? The way employers “steal” your superannuation is by not paying compulsory superannuation guarantee contributions (9%) into your account on time, if ever. [...]
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