Soapbox
Articles where Matt is up on his soapbox passionately expressing his opinions and interpretations on money related events and issues he observes. Go on – join the debate by sharing your point of view in the comments.
With math this bad would you trust this adviser?
Yesterday I received an e-mail message from financial services firm [name removed*] pre-promoting a “big event” they’re holding in October. The following is part of their big sell: Too right that’s not pretty reading. Mr [name removed*] has used simple math of dividing $1 million by $6,464.10 to come up with “154.7 years to become [...]
Risky SMSF borrowing advice from real estate agents
The Institute of Chartered Accountants of Australia (ICAA) superannuation specialist, Liz Westover recently wrote of her alarm at some marketing material she received from a real estate agent promoting borrowing within a self managed superannuation fund (SMSF) to buy property. Westover wrote: “I was surprised and somewhat alarmed that some of the information provided was [...]
Beware of industry super fund advice
I’m annoyed! But rather than pointlessly vent, this soapbox article is an attempt to turn my recent annoying experience into a useful lesson for all. Many people I meet are wary of going to their bank to get financial advice. They say they don’t want to just be sold the bank’s products. The Industry Super Fund Network loves [...]
Misleading marketing finally acknowledged
I shudder whenever I see the big newspaper and magazines advertisements of companies that purport to teach people how to easily & profitably trade shares and derivatives (like options, warrants & CFDs). They promise so much confidence and certainty of gains. According to their website (accessed 20 April 2011) the business Safety In the Market (operated by The Hubb Organisation [...]
B.S. from GE Money
I just heard on the radio the latest advert for the GE Money Personal Loan. It claims to give you more money to enjoy the things that matter. A lovely marketing tug on your emotions but total B.S.!
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