Aug 22, 2017

No Comments

No occupation is safe

Are you thinking about the future? Terry McMaster, director of our licensee Dover Financial Advisers, sent through a thought-provoking correspondence recently which challenged advisers to help clients prepare for the future not just financially, but vocationally as well. We advisers think about much more than just your dollars and cents. Terry set forth the following challenge to us towards our clients: Is […]

Read More
Aug 1, 2017

No Comments

RBA interest rate unchanged – 1st August 2017

News out from the RBA today was the Board deciding to leave the cash rate unchanged at 1.50%. The full statement from Governor Phillip Lowe can be read here. To discuss how this may impact you personally, please feel free to call us on 8304 8088.

Read More

No Comments

Property funds back in favour

If you’ve been waiting for positive signs to reemerge in the listed properties sector, John Kavanagh at Shed Connect has some insights to share: “The listed property fund market is moving back onto analysts’ ‘buy’ lists after a disappointing year in 2016/17. Over the past couple of weeks one analyst has changed its sector rating to ‘outperform’, while another has […]

Read More
Dec 21, 2016

No Comments

Christmas greetings from Chris Harris

Myself and the Team at Money Works Financial Planning would like to thank you for your support throughout this exciting year. We would like to wish you and your loved ones a very Merry Christmas. Enjoy and stay safe and we look forward to a wonderful and prosperous New Year. Chris Harris

Read More
Dec 13, 2016

No Comments

LAST WARNING – Changes to the pension assets test

Overview The commencement of the 2017 calendar year will see some major changes for the means testing of pensions and provides significant opportunities for financial planning advice. On the positive side, the lower pension asset test thresholds (also known as the assets test free area) will increase from 1 January 2017 resulting in around 50,000 part pensioners qualifying for a […]

Read More
Dec 7, 2016

No Comments

The importance of reviews especially reviewing your income protection policy.

We all know how important it is to ensure the most important asset you have and that is the ability to earn a living. However, just recently I have come across two different cases when clients haven’t reviewed their income protection policy with me and after such reviews we found that their income level had dropped significantly in both cases. […]

Read More
Aug 3, 2016

No Comments

Walk A Mile In My Boots

Get your boots ready – we’re walking a mile this Friday! Some of the headlines describing the weather this month… Strong cold front tore through South Australia. Monster winter storm turns deadly as cold snap bites. Adelaide endures wettest July day in 75 years… As we experience some pretty wild and extreme weather, Thank you for sparing a thought for […]

Read More
Aug 2, 2016

No Comments

Reserve Bank media release – Statement by Glenn Stevens, Governor: Monetary Policy Decision

Date: 2 August 2016 At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.50 per cent, effective 3 August 2016. The global economy is continuing to grow, at a lower than average pace. Several advanced economies have recorded improved conditions over the past year, but conditions have become more difficult for a […]

Read More
Jul 5, 2016

No Comments

Reserve Bank media release – Statement by Glenn Stevens, Governor: Monetary Policy Decision

Date: 5 July 2016 At its meeting today, the Board decided to leave the cash rate unchanged at 1.75 per cent. The global economy is continuing to grow, at a lower than average pace. Several advanced economies have recorded improved conditions over the past year, but conditions have become more difficult for a number of emerging market economies. China’s growth […]

Read More
Jun 27, 2016

No Comments

The post-Brexit investment landscape – June 2016

In a surprise to investment markets the UK has voted to leave the European Union (EU). We have seen a surprise fall in share markets and bond yields along with significant moves in currencies. So, where to now? The investment lowdown post ‘exit’ With the exit vote winning the day 51.9% to 48.1% the reaction has been large as markets […]

Read More
Jun 8, 2016

No Comments

And now for something completely different from financial planning………

You are invited! The Rotary Club of Kent Town will be holding their annual Changeover Dinner on Friday 1st July, and Outgoing President Chris Harris would like to extend a very warm invitation to all Money Works clients and associates to attend. This gala event will be held at the Kent Town Hotel, 76 Rundle Street, Kent Town – 6:30pm […]

Read More

No Comments

Reserve Bank media release – Statement by Glenn Stevens, Governor: Monetary Policy Decision

Date: 7 June 2016 At its meeting today, the Board decided to leave the cash rate unchanged at 1.75 per cent. The global economy is continuing to grow, at a lower than average pace. Several advanced economies have recorded improved conditions over the past year, but conditions have become more difficult for a number of emerging market economies. China’s growth […]

Read More
May 17, 2016

No Comments

Heeding the call of aged care advice

The world’s ageing population is a well-established fact, and Australia is not immune from the trend of people living longer in retirement. The 60-plus age group is increasing, and approximately a quarter of their retirement years will be care based. These later years will possibly come with significant lifestyle changes, including a loss of independence. “You can expect to be […]

Read More
May 13, 2016

No Comments

Changes to the pension assets test

Overview The commencement of the 2017 calendar year will see some major changes for the means testing of pensions and provides significant opportunities for financial planning advice. On the positive side, the lower pension asset test thresholds (also known as the assets test free area) will increase from 1 January 2017 resulting in around 50,000 part pensioners qualifying for a […]

Read More
May 4, 2016

No Comments

Federal Budget Update 2016–17

The first Budget from the Turnbull government revealed a $39.9 billion deficit for 2015/16 moving to a $37.1 billion deficit for 2016/17 and forecasting a drop to $6 billion by 2019/20. On Tuesday night, Treasurer Scott Morrison unveiled an economic plan designed to “build a brighter, more secure future in a stronger, new economy with more jobs”. The Budget centrepiece […]

Read More

No Comments

A Printed Smile

We have come across this article recently, talking about the advances being made in 3D printing, and would like to share it with you. We hope you find it an interesting read. To view the article in full, please click here http://www.economist.com/node/21697802/ Alternatively, please copy this link into the address line of your browser.

Read More

No Comments

Reserve Bank Media Release – 3 May 2016

Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.75 per cent, effective 4 May 2016. This follows information showing inflationary pressures are lower than expected. The global economy is continuing to grow, though at a slightly lower pace than earlier expected, with forecasts […]

Read More
Apr 6, 2016

No Comments

Reserve Bank Media Release – 5 April 2016

Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. Recent information suggests that the global economy is continuing to grow, though at a slightly lower pace than earlier expected. While several advanced economies have recorded improved growth over the past year, conditions have become […]

Read More
Mar 16, 2016

No Comments

INTERESTING FACTS

Australian Equity Market Fact: According to the latest ASX Share Ownership Study (2014), of the 33% of Australians investing directly, 43% are women. International Market Fact Statistics show that in recent decades, shares have made up an increasingly large proportion of households’ financial assets in many countries. In the 1970s, in Sweden, deposit accounts and other very liquid assets with […]

Read More

No Comments

Australian Equity Market Fact

Did you know Australia’s share market, the ASX, represents less than 3% of global share markets but has performed best over the ultra-long term? Yet, according to the latest ASX Share Ownership Study (2014), just 33% of Australians own shares directly (that is through a personal SMSF or company brokerage account). Thus, two out of every three Australians are avoiding […]

Read More
Mar 1, 2016

No Comments

Reserve Bank Media Release – 1 March 2016

Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. Recent information suggests that the global economy is continuing to grow, though at a slightly lower pace than earlier expected. While several advanced economies have recorded improved growth over the past year, conditions have become […]

Read More
Feb 18, 2016

No Comments

Market turmoil – choose your own adventure

Instreet Market and Economic Commentary Markets are in turmoil. But why? The answer depends on which adventure you want to follow. There is a raft of options being thrown around by market participants as they try to get their head around what is causing the selloff. Some of the explanations include: * OPEC’s inability to cut oil output and the […]

Read More

No Comments

January closes with a bounce

Instreet Market and Economic Commentary January was a pretty shocking month for global equities. But it managed to finish with a promising bounce as bulls took heart from the Bank of Japan’s (BoJ) surprise policy easing, along with optimism about the pace of US interest rate rises. The more positive tone also coincided with a strong rally in oil prices. […]

Read More

No Comments

Pension changes – 1 January 2017

The Government is making two changes to means testing for Social Security pensions (including the Age Pension), which will take effect 1 January 2017. Clients who currently receive a full or part pension, or intend on retiring soon, should be aware of how the changes could impact their entitlements. There are a number of strategies to lessen the impact that […]

Read More
Jan 22, 2016

No Comments

Investor Update

First off let me wish you all a very happy New Year. I do feel confident that this year will be one of many surprises, and hopefully good ones. The share market is not being very kind with losses over the past few months. Mainly due to the fall in oil prices, the Chinese economy and United States of America. […]

Read More
Oct 2, 2015

No Comments

Understanding the Importance of Super

Our super system is the envy of the modern world and the 4th largest in the world, with current assets of $1.6 trillion. But we are still a long way off achieving its most important objective – to deliver an adequate income in retirement to average Australians. This pool of assets is estimated to grow to $7.6 trillion by 2033, […]

Read More

No Comments

Are You Looking for Financial Advice?

In some area of your finances, you may need the help of a dedicated financial planner to either help you to sort out your financial goals or to look at your current financial situation, in helping prepare a budget or look at a strategy to boost your investment and increase your financial security. So I suggest you first go to […]

Read More
Sep 3, 2015

No Comments

Market Flash- ANZ

Is global growth shifting gears? The recent sharp declines in share markets have raised fears that the global economy is heading towards a sharp slowdown. Have we hit a growth speed bump or a growth breakdown? What is causing share market falls? The past few weeks have been a rough period for share markets reflecting the risk of a significant […]

Read More

No Comments

Being an Investor Part 4 and 5

Investment temperament (controlling your biases) In our view, inherent tendencies gives humans the wrong wiring to be successful investors. A great investor will be obsessed about analysing the facts, will always be rational in deciding a course of action, will understand the limitations of their own knowledge, will continuously challenge their best ideas and will remain completely unemotional in their […]

Read More

No Comments

Being an Investor Part 3

Do not overly diversify In our view, very few investors have achieved outstanding long term investment records by holding a widely diversified investment portfolio. By definition, additional stocks dilute the contribution to future returns of the best investment ideas within the portfolio. While a portfolio not correlated to single factor risk is important, it is not necessary to overly diversify […]

Read More
Aug 3, 2015

No Comments

Being an Investor Part 2

Invest within your circle of competence I believe that if an investor can objectively understand the limits of their circle of competence and focus their expertise within that circle they will develop a competitive advantage which should translate into better investment decisions. The most outstanding investment records have been built by people who specialise, develop a deep understanding and stay […]

Read More
Jul 30, 2015

No Comments

Being an Investor Part 1

Hello Everyone Chris Harris here. Over the next week we will be posting a blog that we have discovered from Magellan which relates to Being an Investor.  Please see below the first section: In December 2009 I wrote that “we are in the business of investment and not speculation”. To be in the business of “investment” is to have a […]

Read More
Jun 19, 2015

No Comments

The Search for Yield in the Australian Share Market

The search for yield in the Australian share market is made more difficult by the dominance of the major stocks, which influence the performance of the market as a whole. Giddy explained that he focuses on industrial stocks which are less affected by economic fluctuations than other sectors. “The problem with the Australian market is that we’ve got this very […]

Read More
Jun 18, 2015

No Comments

7 strategies for 30 June

With the end of financial year almost here, here are seven strategies that may help you reduce tax and make the most of your super before 30 June. 1. Get a government super co-contribution The strategy. If you’ll earn less than $34,488 this financial year, you may be able to get a helping hand from the government when you make […]

Read More

No Comments

Hedge fund closer to trial in Goldman Sachs case

An Australian hedge fund that lost $US67 million when it bought toxic assets from investment bank Goldman Sachs is a step closer to having its day in court, after a New York court quashed Goldman Sach’s attempt to have the case thrown out. In a case launched in 2010, Basis Yield Alpha Fund is claiming the Wall Street banking firm […]

Read More
Jun 12, 2015

No Comments

EOFY 14/15

Hello Everyone!! Just a reminder that the End Of Financial Year is near! It will be here sooner than we think…. So don’t forget to prepare! Kind Regards Money Works Financial Planning

Read More
Jun 1, 2015

No Comments

Make the Most of your Super Contributions (EOFY 14/15)

This blog can relate to the following: Growing your Retirement savings. Do you make voluntary super contributions? Make sure you are aware of the $30,000 concessional contributions cap. How does it work? There are many important tax benefits associated with investing in super. But to make the most of these benefits you need to understand the different types of super […]

Read More
May 27, 2015

No Comments

EOFY 14/15

Hello Everybody!! Please remember the End of the Financial Year is close only 5 weeks away!! Hoping you are all prepared! Bye for now and watch this space.

Read More
May 13, 2015

No Comments

2015/16 Federal Budget Update

Good Morning Everyone! Last night the Federal Government handed down the Budget for the 2015-16 year. This Budget contained a few surprises as announcements were made in the previous weeks in News and Social Media. Important Points in this years Budget: Reforms to the age pension assets test A families support package with a focus on child care and A […]

Read More
May 12, 2015

No Comments

Financial Fitness

We here at Money Works believe your physical fitness is just as important as being Financially Fit. When most people think of fitness they think of regular exercise and a healthy diet, but what if we looked at the financial way. Do you believe you are Financially Fit? In general terms the most 4 common element to being Financially Fit […]

Read More

No Comments

Your sports team has a coach to guide you to meet a goal, so why wouldn’t you have a financial coach to guide you to meet your financial goals?

As a person heavily involved in team orientated sports my entire life and now in the twilight of my career and getting more involved in the coaching side rather than playing I think that we can use a lot of the same strategies to plan our financial future that sports teams use to plan for the upcoming season. Planning for […]

Read More

No Comments

It’s what you know…

A lifetime of sensible investment experience could mean you have the opportunity to change a younger person’s life for the better. According to PhD research by clinical psychologist Dr Meg Jay, the person you develop into during your 20s is the one you will be the rest of your life. Jay’s 2012 book ‘The Defining Decade’ says that in terms […]

Read More

No Comments

Article from Chris Harris- Are you Financially Fit?

We are all different, we all come in many shapes, sizes, age and gender. But when someone says to you “Are you financially fit” I often wonder what everyone thinks they know what being financially fit means? So being that this statement means is very personal and cannot be discussed in a few paragraphs I believe there are a few […]

Read More
Mar 16, 2015

No Comments

EVERY ONE NEEDS A WILL: The Top 5 Estate Disputes and How to Resolve Them

When someone dies, leaving behind assets, disagreements between those who are left behind can often arise, whether or not a will is in place. Sometimes disagreements can intensify precisely because there is a will in place. As one of the leading estates practices in Adelaide, we have seen just about every problem and dispute. This means we are able to […]

Read More
Feb 22, 2015

No Comments

Adviser Information

Low commissions may mean no life advice for consumers. Significant change to life adviser remuneration will do more harm than good – to advisers, to non-institutional licensees and most importantly to consumers. The Trowbridge Interim Report (the Interim Report) suggested doing away with high upfront commissions and offered five alternative remuneration options, including one which advocated reducing upfront level commissions […]

Read More

No Comments

You Will Find This Interesting

Financial advisors began the year more optimistic in the health of the economy than they had been for all of 2014. Wealthmanagement.com’s Advisor Confidence Index hit a twelve-month high of 121.53 in January, almost two percent higher than the previous month, and five percent higher than the index’s 2014 nadir in September. The ACI is a monthly poll of some […]

Read More
Feb 2, 2015

No Comments

BTIM – Weekly Equities Update

Please find below details of Crispin Murray’s weekly view of the markets – as always please let me know if you have any questions.Macro news:
Australian equities gained 3.8% last week. The adoption of a slightly better-than-expected QE programme by the ECB was the most significant positive driver, although a weaker AUD also helped.

Read More
Jan 30, 2015

No Comments

Welcoming Everyone to 2015

A Word From Chris: Hello Everyone and Happy New Year to all! Money Works Financial Planning is very excited for their first quarterly Newsletter for 2015! We apologise in the delay of our Newsletter which was meant to be posted at the start of summer last year in December 2014. Please keep a watch out for our next Newsletter in […]

Read More
May 12, 2014

No Comments

Palm Cove

I was having breakfast with some close friends in Palm Cove, we were at a conference which coming to an end and were going over some of the highlights. One of our party who had just left for the airport sent me a text saying she had left her sunglasses behind and could I ask the staff if anyone had […]

Read More
May 6, 2014

No Comments

BREAKING NEWS

Reserve Bank Board decided to leave the cash rate unchanged at 2.5 per cent

Read More
May 2, 2014

No Comments

Chris Caton Event: We Would Like To Thank You

Money Works Financial Planning would like to give you a quick update on the event with Dr. Chris Caton on the 29th of April 2014. It was a great success and we would like to thank all of our wonderful and supportive clients who joined us on the day. Dr. Caton is a brilliant economist and spoke to us on […]

Read More
Apr 28, 2014

No Comments

REMINDER: Chris Caton Event Tuesday 29th April 2014

CALL US NOW For our Chris Caton Event if you haven’t already been notified. 12pm start including a free lunch. We hope to see you there tomorrow for those who are attending (Please bring a friend along). We are very excited and plan for a fantastic day.

Read More
Apr 7, 2014

No Comments

E-Book Release: Tomorrow 08-04-2014

Apologies on the delay of our New E-Book Baked Beans and Steak. Money Works is very excited to announce that our E-Book is finally ready to be uploaded tomorrow for all to see and read. Please watch this space and we hope you enjoy it. Be Sociable, Share!

Read More
Apr 2, 2014

No Comments

Good news for pre-retirees!

Superannuation Contribution Cap Increases The Australian Taxation Office has released the new superannuation thresholds for the 2014/2015 financial year. Important changes to commence from 1 July 2014 include: – The concessional cap will increase to $30,000 ($35,000 for those aged 49 or more on 30 June 2014). – The non-concessional contributions cap will increase to $180,000 (annually) and $540,000 over 3 […]

Read More

No Comments

Quarterly Economic Update

Too much noise again, as always, but there seems to be good news amongst all the cynicism. With Qantas laying off up to 5000 employees and the possibility of Holden’s closing down, along with Ford and Toyota, and many retail shops closing down, there is a silver lining, and that is that trade figures moved up from last quarter. Improved […]

Read More
Mar 14, 2014

No Comments

EBOOK Lauch

Apologies on the delay of our New E-Book Baked Beans and Steak. Money Works is very excited on the Launch to be released soon. Please watch this space and we hope you enjoy it.

Read More
Feb 18, 2014

No Comments

VALE ASHLEIGH MOORE OAM

Many of our clients who attended our last Client Appreciation night will remember Ashleigh Moore, who spoke about his experiences with head, neck and lung cancer. It was both moving and inspiring. He was a 3 time survivor of cancer, but unfortunately, succumbed to the disease last week. When first diagnosed in 2005 it was a huge shock as he […]

Read More
Feb 5, 2014

No Comments

E-BOOK COUNTDOWN

New E-Book Coming Soon “Baked Beans or Steak” Your Retirement- Your Choice WATCH THIS SPACE

Read More
Feb 2, 2014

No Comments

ARE WE IN RECOVERY OR IN DENIAL?

Sir John Templeton, founder of Franklin Templeton Investments and named one of the top ten Money Managers of the 20th Century said, “Bull markets are born on pessimism, grow on scepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to […]

Read More

No Comments

Federal Government confirms its super and tax plan

The Coalition Government has confirmed its position on a range of previously announced super and tax issues, as part of its mid-year economic and fiscal outlook. To help you understand how this may affect you, we’ve summed up the key highlights below. Super Guarantee increase to be deferred for two years The next increase in the superannuation guarantee (SG) rate […]

Read More
Jan 28, 2014

No Comments

Did you know?

I read an interesting article over the Christmas break titled “Men short changed on health” pg 9 4/1/14. It was featured in the Advertiser and focus was the vast differences in medical research funding for men and women. This author’s Sue Dunlevy and Lisa Cornish outlined that men’s health is allocated less than a quarter of all medical research funding […]

Read More
Jan 20, 2014

No Comments

Look out if you have a Credit Card

In March 2014 new Privacy laws are about to be enacted which will allow lenders to access a much wider range of information on your credit habits. That is – they will be able to find out if you are paying your credit card, personal loans and mortgage on time. So essentially lenders can track your repayments history all the […]

Read More
Dec 18, 2013

No Comments

Christmas Greeting from Chris Harris

Myself and the Team at Money Works Financial Planning would like to thank you for your support throughout this exciting year. It’s been an interesting one for us, with the introduction of FOFA, the Future of Financial Advice, 2 new staff members, Rebecca and Jo, the purchase and merge of Jo’s financial planning business and meeting many of our new […]

Read More
Dec 11, 2013

No Comments

5 COMMON MISCONCEPTIONS ABOUT SUPER

1)     The government can take my super– well, basically speaking- no they can’t. Super, which can also be called your retirement fund, is controlled by what we call the S.I.S Act, (the Superannuation Industry Supervision Act). A very powerful and lengthy act put together to make sure your money, which is actually controlled by a Trustee (if you have a […]

Read More
Dec 4, 2013

1 Comment

Chris Harris honoured by Rotary

Anyone who volunteers for community service will tell you that they don’t do it for the praise or accolades they may receive. They offer their time and effort out of a selfless desire to help make a difference where there is a need. At a recent Rotary meeting however, Chris Harris was publicly acknowledged for his on-going commitment to the […]

Read More
Nov 26, 2013

No Comments

Sir John Templeton

“A really long term investor will fare better if he selects stocks with low Price Earnings Ratios if all other factors are equal.” Quote by Sir John Templeton. So what did Sir John mean by this comment? Simply, for those not familiar with PE (Price Earning) ratios or Price over Earnings Ratios, the lower the ratio, the better the yield, […]

Read More
Nov 15, 2013

1 Comment

Is it time you did your will or reviewed your will? Does your estate plan need a spring clean?

Spring is the time to clean up the house, get rid of the old and bring in the new and to tidy up your paperwork. It is also the time when we all start thinking about our summer holidays and trips away with the family on the road or on a plane – and whether our affairs are in order […]

Read More
Nov 12, 2013

1 Comment

Money Works Quote for the Day

Money Works would like to share a quote with you. Title: ONE…. One Tree can start a forest One smile can begin a friendship One hand can lift a soul One word can frame a goal One candle can wipe out darkness One laugh can conquer gloom One hope can raise your spirits One touch can show you care One […]

Read More
Oct 30, 2013

No Comments

The Value of Advice

I had an annoying $5000 debit on a Visa card, which wouldn’t seem to go away – originally set up for all those “rainy days” that keep coming. Trying to reduce the debt, & decrease the interest being paid out each month, seemed a forlorn task. My financial advisor suggested “tithing”. I had only heard of tithing in the Bible, […]

Read More
Oct 25, 2013

1 Comment

Learning to Invest- Start Early

Have you ever said to yourself, ‘I wish someone had told me about this 20 – 30 years ago.’? As parents we raise our children as best we can, and teach them about the ways of life, but one thing that is often not discussed is money and how to make your money work for you. As a society we […]

Read More
Oct 18, 2013

No Comments

The US Government “Shut Down”

The deadline of midnight on 30 September, when the 2013 fiscal year ends in the US, passed without Republicans and the Democrats bridging their differences over the budget. As a result, the US federal agencies began to close as part of the US government shut down. The Conservatives in the Republican Party refused to pass a short term budget unless […]

Read More
Oct 11, 2013

No Comments

Communication of Income Streams: What it means

This information outlines details of ‘commutation of income streams’. Circumstances can arise to consider transferring existing income stream/s to another income stream provider. Alternatively a person may wish to combine accumulated superannuation with an existing income stream. In both cases, it is necessary to commute an income stream. The tax and social security consequences must be evaluated before commuting an […]

Read More

1 Comment

Financial Implications of Workers Compensation

What are the financial implications of workers compensation to employers? Employers are required by law to take out workers compensation – a form of insurance to protect employees in case of a work related injury or illness. Employers and employees should confirm their obligations and entitlements with their local authority because the laws vary across the states and territories. Workers […]

Read More
Sep 18, 2013

No Comments

Markets on the move: Some Positive News!

In the past ten days I attended a Morgan Stanley Market update presented by the head of investment strategies- Mr Malcolm Wood, a market update from PIMCO, and BT Investment Management. The reason I do this is to ensure that I am always up today with the latest industry news and market research so I can give well informed advice […]

Read More
Sep 6, 2013

No Comments

Are our investment lingering?

Yesterday a client approached me who is very concerned about where the markets are heading. I told them “to be concerned is possibly the right attitude but it doesn’t mean that we need a lose sleep”. I explained “that yes there is so much noise around about the market outlook; however we need to try to filter out the wheat […]

Read More

No Comments

Churning, an industry wide issue!

When Bill Shorten started on his crusade to fix the financial planning industry after the global financial crisis (GFC) he noted a number of important reasons why reforms were necessary. Churning was one such reason, but low and behold the Future of Financial Advice (FOFA) was introduced into legislation and the subject of Churning was never really identified, while a […]

Read More

2 Comments

Operation Flinders, a great cause!

On Wednesday the 28th of March our team held a lunch with 10 local business owners to support Operation Flinders; we had Steven Marshall MP as the guest speaker with proceeds going to support Operation Flinders. Let me start by saying thank you to all those who attended you helped make this function a huge success with close to $900 […]

Read More
Sep 5, 2013

No Comments

Put your money to work

put-money-to-work

You work hard for your money, so how do you make sure it works hard for you in return? You can spend a lot of time developing a financial strategy and then monitoring opportunities and transactions. In other words, on top of the time you spend making your money, you can spend more time managing your money to get the […]

Read More
Sep 4, 2013

No Comments

Choosing the right superannuation income streams for you !

            Choosing the right superannuation income stream for your needs requires a plan that considers: Required level of income Social security requirements Desired flexibility Longevity risk. An account-based pension is generally purchased with unrestricted non-preserved superannuation monies. At least once a year payments are taken from the pension and the underlying account balance reflects the […]

Read More
Sep 3, 2013

No Comments

Outstanding Superannaution Returns for 2012/13 FYR

June 2013 super fund returns The 2012/13 financial year was an outstanding one for super funds, and especially those oriented to listed shares and property. Our Model portfolio we advise in regards to your investment/super has now performed much of the market with the average “Growth” returns of 16%. This is a report from Warren Chant of Chant West, the […]

Read More
May 3, 2013

No Comments

Are you prepared for the end of the financial year?

Why is it that we all tend to leave our end of year Superannuation contribution (concessional) to the last or close to the last moment? I feel the main reason is because we tell ourselves that we don’t know how much we wish to contribute to gain a tax Deduction, however this is also – I believe not true – […]

Read More
May 2, 2013

No Comments

Federal Government Can Now Access Your Bank Account!

Our Federal Government has just passed legislation to transfer funds from your bank account?? Our Federal Government has just passed legislation that gives them the power to take your money from your bank accounts if you have not used them for 3 years. For example, deposits can be deemed to be unclaimed if a transaction has not been made on […]

Read More
Apr 29, 2013

1 Comment

We live in a great state!

WE ARE IN A WONDERFUL STATE! When I say what a wonderful state we live in, I don’t necessarily mean in a “State of affairs”, I mean the State of South Australia. I say this because of recent events concerning a friend of mine, a Rotary colleague – Miss Tegan Webb of the Webb family; one of the families who […]

Read More
Apr 18, 2013

1 Comment

“The Big Rock Story”

I was reading an article written by a friend of mine, Paul McCarthy and he was discussing “The Big Rock Strategy”, and although not his story but that from the author of “The Seven Habits of Highly Effective People” – Stephen Covey. This reminded me of how we look at events in our life and the outcome of these events.                  […]

Read More
Mar 26, 2013

No Comments

AFA welcomes enshrining the terms ‘financial adviser’ and ‘financial planner’

MEDIA RELEASE AFA welcomes enshrining the terms ‘financial adviser’ and ‘financial planner’ The Association of Financial Advisers (AFA) welcomes the release this morning of legislation into Parliament on enshrining the terms ‘financial adviser’ and ‘financial planner’ in law. “This Bill is about the understanding and perception of financial advice,” said AFA CEO Brad Fox. “It is an important step in […]

Read More
Mar 4, 2013

2 Comments

HOW IS THE US GOING? – A REPORT FORM FIDELITY

Just a little update on the US and the austerity measure being imposed abroad, see below an excerpt from “The US is imposing Austerity” February 2013 by Michael Collins from Fidelity. Austerity can be a sound government response to prevailing economic conditions. Classic Keynesian economics would tell a government to run fiscal surpluses when the economy is humming to keep […]

Read More
Feb 8, 2013

1 Comment

The power of compound interest and the second law of wealth – From ‘You and Your Money’ eBook written by Chris Harris

Einstein said that one of the most misunderstood theories of the modern world is compound interest. “Compound interest is the eighth wonder of the world. He, who understands it, earns it … he who doesn’t pay’s it.” ― Albert Einstein So you are now saving a part of what you earn. You have turned the corner and you now have […]

Read More
Feb 1, 2013

No Comments

US Fiscal Cliff Deal: A Stopgap, Not A Solution

US FISCAL CLIFF DEAL: A STOPGAP, NOT A SOLUTION BLACKROCK Often I come across articles written by economist, fund managers or anyone, that I  wish to share with you. This one is from Blackrock—a fund manager I use quite often. BlackRock is a  premier  provider of asset management, risk management and adversary services. As of 31st December 2012, BlackRock managers […]

Read More
Jan 18, 2013

No Comments

Model Portfolios

The Money Works model portfolios performed very well over the past 12 months. Although each client has their own specific style for investment, we tend to focus on the strategy of the portfolios rather than the structure. What this means is that each client portfolio is designed to take advantage of the current local and global trends. With the aim […]

Read More
Jan 14, 2013

1 Comment

HAPPY NEW YEAR

Wishing you all a very happy and prosperous 2013! It seems like just a few days ago we were wishing everyone a ‘Merry Christmas.’ Now here we are back at work in 2013. Time seems to just fly by. And it is with this thought in mind that I write this blog. I have received so any emails in regards […]

Read More
Nov 28, 2012

No Comments

Pimco’s Article: Imbalance & Contagion

Imbalance and Contagion PIMCO Decoding Developments in the Eurozone Article dated 16th November 2012  Let’s take a step back and put the eurozone’s economic conditions in context with the rest of the globe. When looking at the area on a general level, economic conditions look relatively in-line, if not better, than many other developed markets; according to the IMF, eurozone […]

Read More
Nov 15, 2012

No Comments

Upcoming Events: eBook written by Chris Harris focusing on Wealth Creation see exert for details

There have been many books on wealth creation and this one, although is about money and how to create wealth, will look at what I believe are the basics to help you understand what it is, where it came from and the desire we have towards it. After all, our life style is dictated about the wealth we have and […]

Read More
Oct 18, 2012

No Comments

What Is Financial Planning?

What is Financial Planning? I come across many people who somehow think that Financial Planning is all about selling a “Product”, whether it is an Insurance Policy or some off the shelf style super fund. Even though many of us come from an Insurance based industry background and proud of it, there have been massive changes to our young industry […]

Read More
Aug 29, 2012

3 Comments

Effort Equals Reward

EFFORT EQUALS REWARD I was speaking with some business associates the other day and the focus of the conversation was goal setting, more specifically reaching your goals. One of my associates was feeling the strain of this current economic climate and couldn’t understand why he hasn’t been able to reach the goals he has been setting over the course of […]

Read More
Aug 22, 2012

No Comments

FINANCIAL CHECKLIST

Organising your finances can seem like an overwhelming task, with the biggest hurdle being “Where do I start?” Here is a checklist that gives you a starting point for the types of steps you can take to organise your financial future. To download a copy of the Fianancial Checklist please click the link below: Financial checklist General Advice Warning: This […]

Read More
Aug 15, 2012

3 Comments

It can happen to anyone- The story of Craig Swingler

It can happen to anyone! In December 2005 a referred client came to discuss his need for Income Protection to make sure his income was covered if he couldn’t perform his duties and his family would be taken care of if he lost his life. His name was Craig and Craig had his own Home Construction Company. He is a […]

Read More

1 Comment

Saving Money

Saving Money I am often asked the question “How do I get ahead, I have so many bills and my credit cards are out of control?” When this question is posed to me immediately I think of a book I read many years ago called “The Richest man in Babylon”, this book is set in Babylon 2000 years ago and […]

Read More
Jul 19, 2012

No Comments

Only 5 months until Christmas!

 Only 5 Months Until Christmas! I looked at my calendar today and released that it is only 5 months until Christmas, like most people around Christmas time I used to get very flustered in the month leading up to Christmas thinking of all the presents I have to buy and the costs associated. Then I realized it didn’t have to […]

Read More
Jul 18, 2012

No Comments

The Co-Contribution Rules (2012/2013 year)

The Co-Contribution Rules (2012/2013 year) i.e. This New Financial Year Source: Super Guide by Trish Power on June 28, 2012 Note: The co-contribution rules for the 2012/2013 year are very different from the co-contribution rule applicable for the 2011/2012 year. For your reference and convenience, we have retained the 2011/2012 co-contribution rules at the end of this article. The Federal […]

Read More
Jul 17, 2012

1 Comment

FOFA: What it means for clients?

FOFA: What it means for clients? You may not know this but in the last 3 years the Financial Planning Industry has been undergoing legislative reforms aimed at improving the quality of financial advice, product recommendations, and expanding the availability of more affordable forms of advice for the public. As of the 1st of July 2012 the new reforms are […]

Read More
Jul 10, 2012

No Comments

Hutt St Centre ‘Walk a mile in my boots’

If you haven’t done something really worthwhile this year, this is a very worthwhile cause. I did it last year and really enjoyed it, (once I got up!!).  Entry is only $20, and then you get fed. If you enter in teams of more than 5 you go into the draw to win some great prizes! The link below covers […]

Read More

2 Comments

New financial year goals

As we are one week into the new Financial Year, what have you written down for your 2012-2013 Financial Goal? Commit yourself now- write back to me with at least one goal and in what time frame

Read More
Jul 3, 2012

2 Comments

Reserve Bank Cash Rate

The Reserve Bank of Australia has announced it will keep the cash rate on hold at 3.5 per cent following its July board meeting. THE decision to hold comes after the central bank cut the cash rate by half a percentage point in May and a quarter of a percentage point in June.

Read More
Jul 2, 2012

3 Comments

Happy New Financial Year

Happy New Financial Year!!!! Here is my quote for you all for the next 12 months

Read More
Jun 28, 2012

No Comments

1 Day Left!

1 Day Left! Only one day left before it becomes too late to make your Super Contributions as Tax Deductions for 2011-2012 Financial Years. If you are thinking of either salary sacrificing a part (or all) of your last financial year’s pay or your wish to make a contribution from your business or company to get a tax deduction, do […]

Read More
Jun 26, 2012

1 Comment

3 Days Left!

3 Days Left! Only three days left before it becomes too late to make your Super Contributions as Tax Deductions for 2011-2012 Financial Years. If you are thinking of either salary sacrificing a part (or all) of your last financial year’s pay or your wish to make a contribution from your business or company to get a tax deduction, do […]

Read More
Jun 20, 2012

No Comments

End of Financial Year

End of Financial Year- Again! Paying tax should not be looked at as a problem or something to complain about because it pays to keep this great nation of ours going. The problem lies in paying too much tax. The tax office allows us to try to minimise our “Income Tax” as long as we stick to their guidelines. One […]

Read More
May 11, 2012

No Comments

Super Contributions

As the end of the financial Year approaches now is the time to start looking at your Superannuation and Taxation (if we need to pay more). So firstly let’s look at Superannuation, more specifically how much we can contribute for this financial year- 2011/2012. For anyone under 50 years of age, your concessional contributions are capped at $25,000. For those […]

Read More
Apr 5, 2012

1 Comment

How to get in front of your finances !!!

Just days before Easter and everyone is really looking forward to a four day break. Unfortunately, most hard working Australians can’t afford to do the activities they would dearly love to do simply because of either lack of planning or possibly that the cost of living has gone through the proverbial roof. If you “can’t afford it”: I have said […]

Read More
Mar 27, 2012

No Comments

A STUDY OF LIFE INSURANCE

A STUDY OF LIFE INSURANCE BY OnePath There’s a tendency to think that if a loved one was to become seriously ill or injured, you would have adequate time to come to terms with and plan there death. Unfortunately this is not the case. According to the OnePath research, almost two-thirds (63%) of respondents had less than a weeks’ notice […]

Read More
Feb 19, 2012

6 Comments

Making Your Dreams Your Goal

Making Your Dreams Your Goal I enjoy reading financial articles; it gives me an idea of how varied peoples ideas are. Take today (Monday 13th of Feb) for example in the “Your Money” lift out of the Advertiser there is an article about owning your own home, Citibank have found after doing some research that 63% of people don’t think […]

Read More
Feb 9, 2012

2 Comments

RBA Cast Rate

The RBA has decided to leave the cash rate at its current levels. This may leave our home loan lenders in a bit of a quandary. All four majors have recently commented that they need to gain some profit margin due to their rising cost of funds. This move by the RBA may force the banks to increase our current […]

Read More
Feb 8, 2012

99 Comments

Salary Sacrifice Vs SGC

What is Salary sacrifice? Salary Sacrifice or Salary Packaging as I prefer, is an arrangement between an employee and employer where the employee agrees to reduce their take home salary and wages in return for the employer to provide them with benefits (e.g. fringe, superannuation and/or exemption benefits)   of the same amount. An Agreement: The employee and employer should clearly […]

Read More
Jan 25, 2012

1 Comment

Resolutions

We wish everyone a Happy and Prosperous New Year. In keeping with this theme it’s amazing how many articles I have read over the New Year period regarding making New Year’s resolution, my advice is……. don’t, unless you are really serious. Firstly lets analyse the word “Resolution”, the Webster’s dictionary defines it as “the act of resolving or a state […]

Read More
Dec 20, 2011

12 Comments

Does Salary-sacrificing to your Super affect your employers Superannuation Guarantee contribution (SGC) Obligations?

The simple answer is YES… I had an interesting conversation with a client’s employer recently. She was telling me that if my client wishes to contribute $6,000 P/A to his Super via salary-sacrifice, which constitutes as a concessional contribution, it would satisfy the employer’s responsibility to pay SGC (Super Guarantee Charge). Two points of interest arise from salary-sacrificing to super, […]

Read More
Dec 13, 2011

30 Comments

RBA Rate Cuts:

Good news for variable rate mortgage holders. The RBA has decided to cut the cash rate by a further 0.25% p.a.. We will watch with great interest to see how the banks respond. As you can see from our regular interest rate tracking chart below, fixed interest rates are also heading south. Below is a summary of the “three year […]

Read More
Dec 2, 2011

24 Comments

Interest Rate is ‘Cut’

Interest Rate is ‘Cut’ The first in 31 month, but will your bank pass it on?   The Reserve Bank board decided to cut the cash rate by a quarter of a percent (25 basis points), bringing the rate to an 18 month low of 4.5%. If it is passed on by your bank, it would mean a saving of […]

Read More

8 Comments

Financial Planning Advice

Financial Planning Advice The cost of Advice What price would you pay for help to achieve your financial goals, regardless of your income, or how much you have to invest? It can be very confusing when we see in the press, the cost and commissions paid to financial advisers/planners. However, unless you have actually spoken to a licensed and qualified […]

Read More
Nov 11, 2011

20 Comments

Your Cash Flow Manual

Your Cash flow Manual Simple and straight forward ideas to help you get ahead financially or “Your cashflow manual” I have spoken at many events and whether it was at a high school, breakfast meeting or corporate event, one of my favourite questions has been “when we earned our first pay check did we get a manual on how to […]

Read More