We are seeing a shake up in the investment platform industry.
There is $840 billion sitting on technology investment platforms used by wealth managers to execute trades and manage investments on behalf of their clients.
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Most people’s first social media friend, Tom from Myspace, nailed his exit from the world of social media & his entry to an early retirement of financial freedom.
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How to invest for your children
Investing on behalf of your children can help give them a financial leg up and introduce them to good financial practice at an early age.
Whether it’s birthday cash from proud grandparents, a slice of an inheritance, or you just want to set them up with something in their own name, many parents want to invest on behalf of their children.
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Does the Government continue to play financial planner for those who do not take interest in their superannuation?
21 out of 77 MySuper products are regarded as “underperforming”, according to the Federal Treasury.
Treasury has told a Parliamentary Committee that those 21 funds held over $100 billion in assets across three million accounts and charged $1.2 billion fees.
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Millennials are expected to inherit over 3.5 trillion dollars over the next decade as baby boomers transfer their wealth.
Deciding how to use an inheritance wisely can be overwhelming.
When a loved one passes away finances are likely the last thing on your mind. However, if that loved one chooses to leave you an inheritance, it’s worth taking the time to consider your options for investing and growing those funds in a way that will honour their memory.
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Is it dangerous to invest at market “peaks”?
Given the property, stock market and bitcoin is currently sitting at all time high levels, is there still value in investing?
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A client called me Doug Ireland…
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As the first quarter of the year ended, the impact of the COVID-19 pandemic on risk markets almost seemed non-existent.
Over March we saw US markets return to all-time highs, further upgrades to the global economic outlook, US stimulus packages & central banks reaffirming monetary policy and inflation expectations.
Has your investment strategy changed to take advantage of the opportunities?
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Warren Buffett’s Investment Secrets.
Warren Buffett started investing when he was 11 years old & at the age of 90 he is still investing.
Warren Buffett’s estimated net worth is 100 billion dollars.
However, if Buffett was to start investing like most people, at age 25 (not 11) and stop investing & retired at age 65 his net worth would be $12m.
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Money is a thing you can use to buy stuff.
However, with our clients and the people that seek out our advice we see something different.
We see that money gives you options over your future & let’s you control your time.
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NBA star Dwyane Wade made $196 million, but still sticks to a budget.
“I regret not having someone early in my career to teach me about all this money.” Have someone smarter than you who can help you with your money.
He’s learned that if you have a plan, you know where you’re going and it’s easier to achieve your goals. As he told Men’s Health: “A failure to plan is a plan to fail.”
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Investors have put more money into stocks in the last five months than the past twelve years. The latest wave of market enthusiasm has brought with it a stunning rush of money, in which more of investors’ cash has gone to stock-based funds in the last five months than the previous twelve years combined.
Amid the frenzy, some $569 billion has gone to global equity funds since November.
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What does a financial planning adviser charge?
Are you thinking about seeing a financial adviser? Here’s how much it could cost you.
Whether you’re looking to strengthen your financial position post-pandemic or want to achieve goals such as home ownership, a financial adviser could help you create a plan to get there.
However, for many Australians, one of the big barriers to getting financial advice is the cost.
In 2019, ASIC research found that 41% of Australians intended to get financial advice in the future. Despite this, 35% of respondents said one reason they did not or might not get advice was because they thought it was too expensive.
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Brennan is able to accumulate more money than his brother, Dale, despite saving less money and for a much shorter period of time, simply because he let time and compound interest work in his favour.
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You are not stupid.
There is a popular belief that some people have it “much easier” than others when it comes to investing…
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The best metaphor for what a Financial Advisor does I've ever heard….
“Having a financial advisor co-ordinate your financial roadmap is kind of like having a pilot flying your plane. In my view, having a financial planning advisor is similar to the experience of having a pilot fly the plane. You need a pilot when you are taking off and when you are getting ready to land….”
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Why do you want to be financially free?
Are you sick of trading your time for money?
Is it TIME to take back control and spend TIME on what is important to you?
This includes spending time with loved ones, working on things that are aligned to your passions and purpose, and making memories doing things you enjoy.
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The pandemic’s most enduring impact will be as an accelerant.
“Nothing can happen for decades & then decades can happen in weeks”
In any crisis there is opportunity. The greater & more disruptive the crisis, the greater the opportunities.
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Want to improve your mental health?
Fix your finances
Poor mental health means managing money is harder.
Worrying about money makes your mental health worse.
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Bitcoin, often described as a cryptocurrency, a virtual currency or a digital currency - is a type of money that is completely virtual.
Bitcoin operates outside the mandate of a central authority (no government or company runs Bitcoin)..
It was created by a person or group of people under the name Satoshi Nakamoto in 2009 and was intended to be used as a method of payment free from government supervision, transfer delays or transactions fees. However, bitcoin is not yet widely accepted for all transactions as some consider them too volatile to be a suitable method of payment.
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