When we invest or deal with money do we misbehave? It is in our makeup to misbehave when it comes to money and investing. One of the psychological factors that has a huge impact on our financial decision making is our ego and so, before we go any further, the first thing you must do is let go of this and accept that you’re just as culpable of these misbehaviours as everyone else.
A pie and sauce washed down with soft drink from a roadhouse. Or maybe a burger and fries at a fast-food joint. Do these sound like your go-to options when on a road trip?
For many people starting a business is a dream but, at the same time, a significant risk when not done properly. While we see a number of clients citing issues with the Tax Office as the catalyst for problems that upend them, there’s many reasons why a business can fail. Let’s now explore what I believe are the five most common reasons why businesses fail.
What you need to know about buy now pay later services Buy now pay later payment services allow you to delay payment or pay by instalments (often fortnightly) over a period of time. Here we explain how these payment services work, what fees you’ll pay and how to avoid getting into financial trouble if you’re using these services.
Getting married is an exciting time but, with so many things to think about, it can be easy to put off thinking about how you will manage your money together after your wedding day. Taking time before you say "I do" to agree on how you will deal with your finances as a married couple will pay off in the long run.
The severe falls in global share markets in late 2018, after almost a decade of strong market returns, led many investors to ask whether it was too risky to stay invested in the share market during their retirement. If they did stay invested, should they move to a strategy with less exposure to higher risk investments, like shares? As it turned out, markets rebounded in January, recovering most of their December losses. It’s normal to feel anxious about your investments when markets are volatile. However, changing your investment strategy in response to market volatility can have serious consequences for your wealth in retirement. We put superannuation – specifically, account based pensions − under the microscope and look at some of the lessons we can learn from the past.
The Federal election is due to be held between May to August this year and, if the Labor Government is elected, significant change is likely. This article provides a summary of some of the proposals they have announced.
Yes, that sounds incredible but the Australian Tax Office announced in November 2008 that there is an unclaimed (lost) superannuation account holding $220,000! That’s enough to make you find out if it could be yours – or a family member’s?
The value of investments and the income from them can go down as well as up so you may get back less than you invest. Past performance is not a reliable indicator of future results.
Your credit report reveals whether you’ve been paying your bills on time and it matters because it could affect your ability to borrow money.
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent.
• If you are looking at care options for yourself or a loved one either at home or at a local aged care facility, here’s some things to consider. • The earlier you think about aged care, the more in control you are, and the better outcome you can hope for. Aged care is not just for the elderly. • Aged care is a part of a whole financial plan. It has become complex and for some confusing. Throw in that it is a highly emotive topic and you may need guidance to reach the best outcome for yourself or family members.
Equities rose strongly in January, after taking a battering in December. Bonds rallied in Australia, as markets increased the chance rate cuts. The AUD was supported by higher commodity prices.
The financial wellbeing of women in retirement is a significant and growing concern, as women still lag substantially when it comes to retirement balances. On average, a woman retires with $157,000, while a man’s average balance is 72% more, at $270,0001. So why is this? And what can women do now to change their outcome in retirement?