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We’re Interested in Superannuation Again, Are We?
Read more: We’re Interested in Superannuation Again, Are We?Last week the Productivity Commission released a report into superannuation. No surprise, it didn’t paint the best picture. Suggesting the super industry was lacking competition and accountability, while many funds were still acting in their own best interests and not their members. It came with a few recommendations from the productivity commission to address the problems and the always helpful media couldn’t miss their opportunity to fill a few pages with advice. The recommendations were good and bad. The report identified the issue of a super account being tied to an employer, meaning quite often a new job means starting…
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The Property Obsession
Read more: The Property ObsessionIt would seem never has so much been lost by so many in times of headline prosperity. What does that mean? We’re continually surprised about the inbuilt marketing characteristics of property as an investment strategy, even to people who have lost money on it. We repeatedly have people walk in our door who want to improve their financial future, but are also intent on steering the conversation towards residential property as their solution. We assume this stems from the country’s ongoing obsession with property. It’s on TV, it’s on the radio, it’s in the newspapers and online. It seems everyone…
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The ASX Sharemarket Game
Read more: The ASX Sharemarket GameFor many years the ASX has been running a sharemarket game through schools which has encouraged high school students to get experience investing in the sharemarket. More recently, the game has spawned another version that runs along with the school game and is open to everyone. Running over the ‘long term’ of 12-15 weeks, all entrants are given a hypothetical $50,000 to invest. The rules are pretty simple, to ensure they’re ‘diversified’ players need to holding at least four companies on the ASX and can have no more than 25% of their portfolio in one company. To quote the rules,…
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BIG Trouble
Read more: BIG TroubleDid you miss the top performing company on the ASX in 2017? If so, don’t be too disheartened because it’s turned into one BIG disaster. BIG Un Limited, whose main business was its subsidiary, BIG Review TV, was in the business of creating promotional videos. Small businesses were paying $12,000 for the privilege of BIG Review TV making a promotional video to showcase their business online. BIG, who backdoor listed onto the ASX through the shell of a defunct gold miner, were so successful with sales of their videos that their shareprice zoomed from 23 cents at the beginning of…
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Ignoring Advice Has Consequences
Read more: Ignoring Advice Has ConsequencesRead a survey on financial advice and it’s estimated anywhere from 70% to 85% of people will never seek it. Yet from the small pool of people who have sought financial advice, 80-90% of those (depending on the survey) will acknowledge the advice they received was worthwhile and provided value. One of the more curious areas of financial advice is when someone among that small group of Australians who’ve gone out of their way to seek financial advice, ends up ignoring it. They remain engaged with their adviser, they continue to pay fees for their service, but when it comes…
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