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Should you give your teenager a credit card?
July 6, 2020
We live in a culture of smartphones, WIFI, home delivery, online shopping and online gaming, where most needs and wants can be met almost instantly. With so much temptation to spend, it’s vital to teach your kids the money skills to help them enjoy financial wellbeing as adults. One of these key skills is learning...Read More
Gone are the days of childhood watermelon seed spitting competitions, a customary afterschool summer tradition of times gone by. Our kids today won’t get to share these childhood memories, and in fact, most won’t even know that watermelons have seeds, let alone how to spit them. Meet the new ‘seedless watermelon generation’. A generation of...Read More
The trouble with market timing
June 29, 2020
In his book The Little Book of Common Sense Investing, Vanguard founder Jack Bogle included a very apt quote from Warren Buffet on the matter of market timing. And that is, "for investors as a whole, returns decrease as motion increases". In recent times, this seems to be more pertinent than ever. ASIC last week...Read More
Three ways to help futureproof your career in 2020
June 29, 2020
Stay on track with your professional development and help futureproof your career goals by upskilling. The latest figures released by the Australian Bureau of Statistics tell us that 2.7million Australians either lost their job or are grappling with reduced hours1 as a result of COVID-19 (coronavirus). Although retail and hospitality segments were hit hardest, few...Read More
Do your investment goals stack up?
June 22, 2020
There's an old saying, to only focus on the things in life that you can control. But that adage has been well and truly stress tested on just about every level over the past few months because of the uncontrollable events stemming from the COVID-19 pandemic. On an investment portfolio management level particularly, it's been...Read More
A new world
June 15, 2020
By Tom Stevenson, an investment director at Fidelity International. A new world Jim Callaghan, an under-rated Prime Minister, put it best just before the 1979 General Election. ‘You know there are times, perhaps once every thirty years, when there is a sea-change in politics. It then does not matter what you say or what you...Read More
Essential checklist for the end of financial year
June 15, 2020
The end of financial year on 30 June is a good time to take stock and get your finances in order. This is an end of financial year like no other. Being prepared, reviewing your super contributions and submitting your return on time are good policies every year, but the shadow of COVID-19 (coronavirus) means...Read More
How compound interest works Compound interest is the interest you get on: the money you initially deposited, called the principal the interest you've already earned For example, if you have a savings account, you'll earn interest on your initial savings and on the interest you've already earned. You get interest on your interest. This is...Read More
Be aware of biases
June 9, 2020
As the curve continues to flatten and as states around Australia begin to ease lockdown restrictions, many might be wondering what life will look like “on the other side” of the COVID-19 crisis. Restarting economies after they have been in hibernation will surely be no small feat for governments and it will take a coordinated...Read More
There are often upsides and downsides in any piece of legislation, especially when it comes to superannuation. That's the case with the Federal Government's "downsizer measure" announced in the 2017-18 budget, which came into effect on 1 July, 2018. On the surface, there are significant upsides for individuals and couples wanting to top up their...Read More