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Deliverance From Bad Insurance
Read more: Deliverance From Bad InsuranceIf you’ve ever seen the classic film Deliverance you’ll know it’s the ultimate insurance advertisement. The character of Lewis, played by Burt Reynolds, begins the film proudly declaring, “I never been insured in my life. I don’t believe in insurance. There’s no risk.” Movie fate ensures the canoeing trip Lewis and his friends take is beset by disaster. Lewis ends the trip with a compound leg fracture. And for those who haven’t seen the film, he’s the lucky one! There’s probably no worse outcome than being uninsured and struck by some kind of misfortune – unless you’re insured and struck…
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How Not to Invest: Episode #43827
Read more: How Not to Invest: Episode #43827From international tennis stars one week to the average mum and dad the next. The ABC’s 7:30 recently featured a story on victims of poor financial advice (investors duped by a noted investment spruiker) who are calling for reforms to protect anyone else from suffering what they’ve endured over the past decade. Despite these investors being found to be eligible for compensation by the Financial Ombudsman Service, most of them haven’t seen a cent because those found to be at fault are either unwilling or unable to pay. Those affected are calling for a fund set up to ensure losses…
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Boom Boom Goes Bust Bust
Read more: Boom Boom Goes Bust BustIf you are old enough, you’ll remember him winning Wimbledon as a 17-year-old. Three decades later you may have heard the news about him going bankrupt as a 49-year-old. The man in question is Boris ‘Boom Boom’ Becker. In the wake of his bankruptcy there have been lifetime earnings figures tossed around from the tens of millions to just over 100 million. While the exact figure remains unclear, it is clear he earned a lot and a lot of that money has now departed. Like Johnny Depp earlier in the year, it seems Becker’s financial decision making isn’t the best.…
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2017 June Quarter Review
Read more: 2017 June Quarter ReviewEconomic Overview Political uncertainty remained a feature in the June quarter as President Trump dismissed FBI director James Comey and French and UK elections were held. In the EU, risk eventually retreated as the Centrist and Pro-EU candidate Emmanuel Macron won a convincing victory in the French elections. In the UK things weren’t quite as clear, with the snap election anticipated to strengthen the Conservative majority before Brexit negotiations, ended by eroding their majority. While commentary from Bank of England Governor Mark Carney and his EU peer Mario Draghi appeared to signal the days of stimulus were numbered and tighter…
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The Land of Confusion
Read more: The Land of ConfusionIf you’re old enough, you probably remember when Phil Collins and a band called Genesis were topping the charts in the mid 80’s. For the most part, they were an easy listening pop/rock band, but at one stage they strayed into the political arena with a song called ‘Land of Confusion’. The tensions between the US and the USSR were high and a threat of nuclear war seemed a possibility. Phil and the boys questioned the wisdom of our world leaders and highlighted the mess the world seemed to be in. There’s too many men Too many people Making too…
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