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2022/23 Federal Budget Review
Read more: 2022/23 Federal Budget ReviewThe final Federal budget before the imminent Federal election has been released. Given the proximity between these two events, the budget wasn’t expected to be overly frugal and there are goodies. There are one off payments and tax rebates coming to try and keep everyone happy. Some warranted, others debateable. It’s worth remembering we’ve had strong equity markets, record house price growth, record stimulus and the lowest interest rates the country has seen. There’s $250 billion sitting in household savings accounts and the unemployment rate is projected to fall below 4%. The idea that a large number of people in…
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2021 End of Year Wrap
Read more: 2021 End of Year WrapIt’s that time of year again. We’d once again like to thank all of you for the support and engagement in another challenging year. We assumed we may have been able to break away from Covid this year, but it wasn’t to be the case. It almost seems like 2021 has been an extension of 2020! Thankfully in Tasmania we have had better fortune than most throughout 2021. Freedom from Covid throughout most of the year, along with freedom of movement within the state. We can only hope the newest variant of Covid is less severe, will be blunted by…
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Magellan Challenges Active Adviser Beliefs
Read more: Magellan Challenges Active Adviser BeliefsClick video to listen to story. If you didn’t know, Hamish Douglass is probably Australia’s best known fund manager and is the figurehead of one of the most recognisable funds management businesses in the country: Magellan Financial Group. For years his flagship global fund has outperformed the market based on his convictions. It has afforded him rockstar status, a cult like following with investors, and the ability to get his message almost unfiltered into the media as many of Australia’s finance journalists have acted as stenographers when reporting on his thoughts and comments. Until recently. Magellan’s stellar performance has evaporated…
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How Much Do I Need To Retire?
Read more: How Much Do I Need To Retire?It’s one of the most vexing finance questions there is. While it seems like a straightforward one, it’s really a question that only invites further questions. Not about the money, but about the person or persons who are retiring. There will never be a one-size-fits-all pot of money. Primarily because of how many different variables come into play. What do you want to spend? Will your spending change? What your returns will be? What is the sequence of those returns and how volatile will your portfolio be? The first two questions are the most controllable. Everyone will have fixed costs…
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What Do You Want To Happen?
Read more: What Do You Want To Happen?The Christmas and New Year period can be chaos. More people out on the roads, airports are packed, stores are crowded, supermarkets are like zoos. Navigating it all can be tiresome and frustrating. At a more micro level, the chaos might be a better chaos that involves spending more time with friends and family. You often hear people say this time of the year is a good time for reflection and to focus on what’s important. They’re not talking about the spending, or the gifts, or the food, but the people. If people are truly the most important thing at…
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