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Bitcoin and The Basics Of Cryptocurrencies

Three years ago Bitcoin was $250AUD. With a 10,000% increase in price since then, it is starting to generate significant buzz with the everyday investor, as is the underlying technology driving it, “blockchain”. But what are digital currencies and should you be investing in them? We asked renowned technologist and futurist, Mark Pesce to take us on the bitcoin / blockchain journey. “Never invest in a business you don’t understand.” A simple bit of advice from the Sage of Omaha, Warren [...]

2017-12-20T23:54:25+00:00December 9th, 2017|Economy, FinSec Post, Investment, More than just Finance, The Story|

Yes, Virginia, There is a Banking Royal Commission – Unfortunately

In a matter of days, Santa will be putting the finishing touches on his “Naughty” and “Nice” lists and it remains unclear on which side of the ledger the banks will sit. It’s an understatement, of course, to suggest the big four (CBA, Westpac, ANZ and NAB) won’t be expecting an outpouring of festive cheer and goodwill from their 17+ million customers this year. Despite holding around 2.5 trillion of our money, collectively – (and 80% of the nation’s loans) - [...]

Bitcoin: the very definition of a bubble

Legend has it that Joe Kennedy, father of former President John F Kennedy, avoided the stock market crash of 1929 by selling his entire portfolio just days before prices collapsed. He did this, the story goes, after receiving a share tip from a shoeshine boy. When taxi drivers, lift attendants and young lads on the sidewalk are speculating in stocks, he concluded, “the market is too popular for its own good”. The stock market is riding high today but I’d be [...]

2017-12-20T23:55:38+00:00November 12th, 2017|Economy, Finance, FinSec Post, Investment, More than just Finance, The Story|

Changes to the Assets Test for Age Pensions came into effect on January 1 – Ensure Centrelink have your correct numbers

  Last years Federal Budget included a number of significant changes to means testing for the Centrelink age pension, these changes came into effect 1 January 2017. Over the last couple of months Centrelink began communicating with those that will be affected. As a consequence of this communication we have had a number of clients report that their asset numbers seem to be inflated, which if left uncorrected will result in a lower pension entitlement under the new rules. Should this [...]

2017-01-19T23:41:36+00:00January 19th, 2017|Aged Care, Aged Pension, FinSec Post, Retirement Planning, The Story|

In hindsight Hillary didn’t stand a chance

Scene from the 1976 film, Network. "I don't have to tell you things are bad. Everybody knows things are bad. It's a depression. Everybody's out of work or scared of losing their job. The dollar buys a nickel's worth. Banks are going bust. Shopkeepers keep a gun under their counter. Punks are running wild in the street. There's nobody anywhere that seems to know what to do, and there's no end to it ... but there's at least one thing you [...]

2016-11-10T23:28:46+00:00November 10th, 2016|FinSec Post, The Story|

Federal Budget 2016/17 Our Verdict: The Less is More Budget

Scott Morrison's maiden budget speech was the first since Peter Costello's debut 20 years ago that did not include the word 'surplus' an unreported, but perhaps telling, fact. It is no secret that the 2016 Federal Budget made negligible progress on improving Australia's bottom line. Projecting a small surplus way out in 2020/21 it has experts concerned about the future of Australia's AAA credit rating. But, to its credit, this pre-election budget didn't make things worse. Debt accumulation seems to be [...]

2016/17 Federal Budget Report

Excerpt: 2016/17 FEDERAL BUDGET REPORT May 2016 For us, the big story out of Budget 2016 is of course Morrison’s crackdown on high-end super tax concessions. Ten years on from Costello’s tax-free super savings and now, on the other side of the resources boom, Morrison has redefined the purpose of super as a substitute or supplement to the welfare safety net of the aged pension, not a vehicle for wealth accumulation or bequests. Whilst we welcome the fairness measures and in [...]

2019-07-31T00:53:31+00:00May 26th, 2016|Economy, Federal Budget, The Story, The Verdict, The View|

The Conversation: Superannuation and Tax

The Abbott government’s tax discussion paper released earlier this month, has thrown open the doors to a broad ranging debate on tax reform. One of the central themes is of course superannuation, can we expect to see it’s earnings kept tax free when the budgetary pressures created by an ageing population are considered? (Spending on the age pension is due to rise from the current 2.9 per cent of GDP to 3.6 per cent or approx. 180 billion dollars in 2054-55, [...]

2015-04-17T06:25:35+00:00April 13th, 2015|FinSec Post, Superannuation, The Story, The View|

The Trowbridge Report

Life Insurance is a large and very important part of Australia’s financial sector. According to assistant Treasurer Josh Frydenberg “there are 28 life insurance companies writing more than $44 billion worth of business, and more than 13,500 life insurance advisers employed in Australia.” The policies they provide – be it through a superannuation fund, direct from an insurer or via a financial adviser – provide essential financial security in the event of death, serious illness or injury. Without it, even the [...]

2019-07-31T00:54:03+00:00April 13th, 2015|Insurance, The Story, The View|

The Story Part 2: Federal Budget 2014/15 – what does it mean for you?

On Wednesday we brought you 'The Story', a budget summary outlining the key proposals from Treasurer Joe Hockey’ s 2014-15 budget. Now the dust has begun to settle we bring you 'The Story Part 2' - What does it mean for you? How could the Budget proposals change the way you live, work and pay for services on a practical day-to-day level? Here’s a round-up of what the 2014-15 Federal Budget could mean for your family finances. As always, if you [...]