An industry law firm has identified some of the common traps with BDBNs that can land advisers and their clients in trouble. One example being a recent case of incorrect witnessing of binding nominations.
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The same approach to managing day-to-day money can be applied to long-term investments. It was Carrie Bradshaw, of Sex and the City fame, who said: ‘I like my money where I can see it – hanging in my closet.’ While that might sound trite, it’s not far...
As tough as it may seem, the sooner that you can take some control and accept the situation, the sooner new ideas emerge, argues Alan Manly. “The feeling of failure is a lot like the feeling of grief. It plain hurts,” says author, entrepreneur and Group Colleges Australia...
If you have little faith in your ability to do more than one thing at a time, science reveals you’re onto something. Cognitive behavioural researchers shine a light on our inability to multi-task. We simply cannot perform multiple tasks with the same level of skill as...
Another thing SMSF Trustees need to be aware of.
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It’s one of the less glamorous home loan features, but the redraw facility deserves a second look. Here’s why: The redraw facility explained A redraw facility lets you make additional repayments to reduce your variable rate home loan balance and save on interest. If you pay more...
New research shows one in three Australians think retirement is too far away to plan for. That’s a big mistake. Take it from me, the day when you’re ready to hang up your work boots is likely to roll around far more quickly than you...
Loans are by no means ‘one size fits all.’ Different loan types suit different age groups, different living situations and even different attitudes to money. A common trap some home-owners fall into is to consider a mortgage ‘set and forget’. You did your research, shopped around,...
Financial stress is losing Australian businesses around $31.1 billion in revenue, with the finance and insurance industry being one of the most affected sectors, according to an AMP study. AMP’s Financial Wellness report said around 2.44 million Australians suffer from anxiety around money, with about two...
An up-to-date snapshot of Australia's vital statistics. Please click on the following link to see all this interesting information. The areas covered are: Overview Markets GDP Labour Prices Money Trade Government Business Consumer Housing Taxes Climate Access all this data here. tradingeconomics.com...
He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares.