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 … Continue reading With math this bad would you trust this adviser?
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 … Continue reading Risky SMSF borrowing advice from real estate agents
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 … Continue reading Beware of industry super fund advice