We have raging bushfires, terrible air pollution and severe water restrictions. Maybe summer will be ruined. Politicians are incable of taking any action. So collectively not much will change at a policy level. Many people are frustrated by this. The biggest sources of greenhouse gases: Source: IPCC (2014) That doesn’t have to stop you from …
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Why do Investors often buy high and sell low? This is the opposite of a winning investment strategy but investors often give considerable attention to short term performance figures when making investment decisions. It could be a result of the ‘recency effect’ You probably know that many of our financial decisions aren’t made rationally: emotions …
I was scrolling through Stan looking for a new TV series to watch the other day and a show called Vida came on. Two sisters, in their late 20’s, return home after the death of their mother. They stand to inherit a run-down apartment building with a ground floor bar. They make plans to sell …
Options for Ethical, Responsible & Sustainable Investments The Financial Adviser Standards and Ethics Authority (FASEA) Code of Ethics comes into force on 1 January 2020. This will be the new minimum standard of conduct for Australian Financial Advisers. One of the more interesting new standards is as follows: Standard 6: You must take into account …
Melbourne Cup Day As a child growing up in country Victoria we celebrated the Cup at school and it was a yearly tradition. The very first Melbourne Cup was run in 1861with 17 horses. However unfortunately 3 horses fell and 2 died during the race. Back then, not as many people were worried about animal …
How do I make my house more environmentally sustainable? (and save money in the process) It seems that our environment is under stress, we have water shortages and the cost of electricity will continue to rise. There are many ways you can make your house more environmentally sustainable and potentially save money in the process. …
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There are 4 basic options: Save into a bank account Contribute to a managed fund Purchase an investment bond Start an education bond. See https://www.moneysmart.gov.au/managing-your-money/saving/saving-for-your-childrens-education Which option is best for you? That depends on the age of your children, the amount of money you wish to invest, the level of risk you are willing to …
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If you are over Age Pension Age but do not qualify for any payments and are an Australian resident living in Australia you may qualify for the Commonwealth Seniors Health Card To pass the income test, you must earn no more than: $55,808 a year if you’re single $89,290 a year for couples $111,616 a …
Last week the reserve bank made a decision to reduce the official short term interest rate from 1% down to 0.75%. Changes to interest rates are intended to stimulate the economy when growth is too low and unemployment is too high or cause it to contract when inflation is too high. Low interest rates are …
Australian Federal politicians currently receive a minimum salary of $211,000 before tax. That’s $5,334 per fortnight net of tax. It is significantly more than the average wage which is more than double the average full-time salary. Despite this generous remuneration there have been multiple instances of politicians complaining about their difficulty in surviving on this …