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The Nastiest, Hardest Problem in Finance
Read more: The Nastiest, Hardest Problem in FinanceWhy do financial advisers exist? Financial problems of course, and there are a lot of problems in finance! How much to save? How to invest while balancing risk and return? How much can I spend? What returns do I need to meet my goals? What’s inflation doing? What’s everyone else doing? That one shouldn’t matter, but too often it does, and relates to another problem: behaviour. Those are what might be termed single issue problems, but there’s one out there that manages to combine many of these problems into one: decumulation in retirement. Nobel prize winning economist, Bill Sharpe, called…
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Ongoing myGov and Centrelink Scams
Read more: Ongoing myGov and Centrelink ScamsAnother month, and unfortunately, it’s another bunch of scams on the loose we need to make you aware of. It’s been brought to our attention there is talk of a “Centrelink cost of living bonus” going around. Some clients have asked about it, and if someone has asked us about it, there could be many others who have seen it and are wondering. It’s a scam. It was previously said to finish at the end of October, but the scammers will likely just change the date to continue trapping people. It’s been pushed on social media suggesting people go to…
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2024 Q3 September Quarter Review
Read more: 2024 Q3 September Quarter ReviewEconomic Overview Q3 2024 saw decent gains across all asset classes, with fixed interest relatively strong as rate cuts helped to drive up bond prices. Global stocks saw smaller gains with the strengthening Australian dollar again proving a headwind for unhedged investors. After months, even years, of speculation about rate cuts in the US, the Federal Reserve finally moved during the quarter. This was off the back of evidence that inflation was continuing to moderate, and the jobs market showing signs of softening. The Bank of England and Bank of Canada also came to the rate cuts party in the…
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Five Years is a Long Time
Read more: Five Years is a Long TimeWhat are some signs of early, but undiagnosed memory issues? Medicine and money are probably two of the most obvious. Unfortunately, they can be lagging indicators because they may not be immediately apparent in real time. Medicine may seem to be a more short-term issue, simply due to the danger associated with a person forgetting to take their regular dosage. One example might be blood pressure. It increases because it’s no longer being controlled on a regular basis by medicine. That starts a potential ticking timebomb. It’s not unheard of for an elderly person to have a stroke, then the…
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The Peaceful Mind
Read more: The Peaceful Mind“What do you notice about that newspaper?” He asked, as he slid the local edition across the table. “It’s very thin?” probed the questionee, wondering if they were on the mark. While that was the most noticeable thing about the newspaper, it wasn’t the response the questioner was looking for. The local newspaper had obviously been short on pages for some time now, but now it was short on something else. “There’s no ads,” responded the questioner. There wasn’t an advertisement in the whole newspaper. While there were three ad spaces taken, they were all for apps or websites that…
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