When it comes to investing, ESG is one of the latest buzzwords. So what does it mean and, importantly, should you care? There’s a lot of talk about ESG investing these days. The problem is it’s not always clear exactly what that is. In fact, you’d be forgiven for assuming it’s primarily about climate change … Read more
Be suspicious of anyone offering you easy money. Scammers are skilled at convincing you that the investment is real, the returns are high and the risks are low. There’s always a catch. How investment scams work There are three main types of investment scams: The investment offer is completely fake. The investment exists, but the … Read more
If you’d invested $10,000 into the whole Australian share market back in 2002, your initial investment amount would have grown to almost $50,000 by 30 June 2022. It’s a huge gain. Around 385 per cent to be precise. And, to achieve it, all that you would have needed to do is reinvest all the Australian … Read more
Planning carefully and working through the issues can help if you or your partner experiences serious illness or injury later in life. A major health issue can throw life into disarray and put paid to the best laid plans for travelling, relaxing and enjoying all that your retirement years have to offer. Planning carefully and … Read more
Knowing how your mind works can help you avoid the more obvious traps many investors fall into. Cognitive bias has become a bit of an investing buzz phrase in recent years. The theory is that the human brain predictably makes errors of judgment that can lead us to be emotional, short term and come to … Read more
Salary sacrifice is an arrangement with your employer to forego part of your salary or wages in return for your employer providing benefits of a similar value. One example of a salary sacrifice arrangement is to have some of your salary or wages paid into your super fund instead of to you. If your employer … Read more
Running your own business is tough enough without worrying if its sale will fund your retirement. Here’s how to sleep easy – and live out your years comfortably. If you’ve worked hard to build up a business over a lifetime, you’re probably looking forward to a comfortable retirement funded through the sale of your business. … Read more
Before you say ‘I do’, talk about your finances with your partner. Not getting married, but in a relationship? See relationships and money for useful tips. Manage the wedding whirlwind The average Australian wedding costs $36,000. According to a Moneysmart survey, 82% of couples dipped into their savings to pay for their wedding. Another 60% got a … Read more
When I retire, will I have enough money to enjoy the retirement lifestyle I envision? It’s a question many of us will need to ponder at one point. It’s a question most of us will need to ponder at some stage in our lives. When I retire, will I have enough money built up in … Read more
Key takeaways It’s important to determine the total amount of income you’ll need to live off based on what your living costs are Create a financial plan. You want to be sure you’re investing in the right mix of assets and taking on enough risk to achieve your retirement goals. A financial adviser can help … Read more
