It is not a new story. It’s just the old adage about investors and the trends of markets resembling a “herd” of like-minded folk. Most often portrayed as sharing a common delusion in regards to where they are headed. Quite often the story includes images of the herd merrily stampeding off a cliff, while a…
Tag Archive for understanding money
But who’s thinkin’ aboot the Bebe?
It is a favourite parody scene from some of my favourite comedies – in the midst of a terrible turmoil there is someone runing from pillar to post, pulling out their hair while yelling (usually with an enforced accent), “but what about the baby?” It may be a long bow to draw any similarity but…
Comparing Super Fund Returns
For those who do not wish to visit a financial planner or those who simply want a quick response without having to go through lots of discussion, here is a very good website that offers fund comparisons. It is the Chant West “Applecheck” site. It focusses on more than just returns, and is an extremely good…
Understanding Superannuation Fund Returns
I’m sorry, that was just sooooo funny that i almost choked even as i was typing it. ‘Understanding’ is not a word usually associated with superannuation funds, never mind understanding anything about the investment returns achieved by those funds. APRA (the government body charged with supervision of a lot of these areas) has just released…
Who needs a Financial Planner?
Correct answer : No-one. Notes : This is correct on the same basis that no-one needs a doctor, a lawyer or a politician. Each of these professions fails to meet the “basic needs” criteria. The same argument could be put for trade professions such as plumbers, brick-layers, truck drivers or mechanics. It is quite possible…
Protected: Michael’s Musings – Short Term Recovery Strategy
Protected: Trading Update 20 July 2009
Protected: The Trader’s View
Vested Interests and Superannuation Advice
We mere mortals here in Wealth & Security Planners have been bemusedly scanning the various reactions to Australian Securities & Investments Commission guidelines for the Trustees of super funds to be able to provide advice to their members. In case you missed it, the guide is set out here. The impetus for the change is…
