She’ll be right mate… Why the Aussie way is causing an underinsurance epidemic

Improving the financial outlook for the family is the key driver for the majority of Australians – Most will commit blood, sweat and tears to this very endeavour. Yet, the majority fail to adequately protect the legacy we try so hard to build. Why? Australians see themselves as ‘bulletproof'. Of course such faith that ‘she’ll be right mate’ belies that fact that illness and injury strikes thousands of Australians everyday. In 2017/18 there were over 777,000 hospitalisations due to [...]

2020-06-22T05:30:11+09:30October 17th, 2019|Insurance, More than just Finance, Retirement Planning|

Risky Business

Don’t confuse risk with volatility When talking about risk, many investors are actually talking about volatility – the usual ups and downs of investment markets. When the actual return from an investment is lower than expected, investors believe that they have lost money in a physical sense. But in fact they have only lost money ‘on paper’. It is only when they actually sell the investment at the wrong time (when returns are at their lowest) that they permanently lose [...]

2019-10-04T05:43:15+09:30October 4th, 2019|Investment, More than just Finance|

The business of YOU Inc – September 2019, SA Leaders Presentation

In this video presentation, Managing Partner and SA Leaders 'Industry Expert' Andrew Creaser explores the concept of 'planning for success' with a broader goals-based approach to investment, risk and estate planning strategies.

Statistical Fallacy

When the math adds up, the numbers never lie. They're infallible, concrete, impossible to argue with -- however you want to spin it… It turns out that even innocent statistics can be twisted to support any nefarious thing you want to prove. The charts below show the exact same data, however the Y axis has been manipulated to downplay or emphasise weakness in the AUD since last year. Is it more dangerous to drive in NSW or the Northern [...]

2019-10-03T04:50:31+09:30August 19th, 2019|More than just Finance, Quick Tips, The FinSec View|

Musings: The Whole Elephant

There is a famous Indian parable that is taught in philosophy classes throughout the world to prevent absolutism and foster tolerance for the views of others. To paraphrase, six blind men are taken to “see” an elephant for the first time. One man feels the elephant’s tusk and declares that the elephant is like a spear, one man feels the elephant’s legs and declares that elephants are like trees, another man feels the trunk and declares the elephant is like a [...]

2019-10-03T05:16:45+09:30July 29th, 2019|Investment, More than just Finance, Quick Tips|

Knowing what it takes!

Want to know the secret to creating wealth? The answer is get rich slow! Probably not the answer you were looking for but it is the only guaranteed formula for success. In this (yet another) nugget of Simon Sinek gold, Sinek uses logic to explain why this is a proven formula in so many aspects of business and life. In his words "there's no single big event, there's no one thing I can tell you to do it is an accumulation of [...]

2019-07-31T00:51:46+09:30February 27th, 2019|More than just Finance, Wealth Planning for Business Owners|

Superannuation needs to modernise.

How did Australia, which rightly prides itself on having one of the most stable and resilient economies in the world, end up cleaning up the messy and damaging aftermath of a savage Royal Commission into our financial sector? Financial services is – and has been for some years – the largest sector in our economy, bigger than mining, bigger than agriculture. We are a nation of suits, not hard hats and Akubras. The exponential growth of our massive financial services sector [...]

2019-02-27T23:15:34+10:30February 13th, 2019|FinSec Post, More than just Finance, Superannuation|

Haynes Royal Commission: The trouble started decades ago…

The profitability of Australia’s Finance industry - dominated by our big banks - has trended down over recent decades.  The return on shareholder funds peaked in the early 1990s after the recession of 1991 and the crash of several banks. The big players could see non-bank finance sectors growing much faster than banking revenues, and the exhibit below shows their concern eventuated.  These days, banking accounts for less than a quarter of the industry’s total revenue of over $700 billion.   [...]

2020-07-08T06:27:36+09:30February 7th, 2019|Market Update, More than just Finance|

Good People Doing Bad Things – How Did We End Up Here?

It is a story that has made news headlines the world over. A story about culture and greed impairing the judgement of people who should have known better. While both sides of politics have been very vocal in the wake of Hayne’s interim report, no one has touched the vexed question of how did we end up here?   The impact on the victims has been devastating. The behaviour of the financial services community despicable and unforgivable. The viewing has been [...]

2020-07-08T06:35:08+09:30October 15th, 2018|Market Update, More than just Finance, The FinSec View|

There’s No Crystal Ball and that’s OK

When the history books are written, they leave out the bits that didn’t matter and line up in orderly rows what is now seen as significant, even if it was overlooked at the time. With the benefit of hindsight, it’s clear what was and what was not important. In real time, of course, it is far harder to see what is going on. I am enjoying a podcast series at the moment on Watergate, which for obvious reasons is resonant today. [...]

2018-09-25T02:06:18+09:30September 14th, 2018|FinSec Post, Investment, More than just Finance|
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