Tag Archives: Articles
The great Australian dream is back on track for young generation
Original article from The Daily Telegraph
YOUNG people have switched from big spenders to big savers as improved housing affordability brings the great Australian dream within grasp once again.
Exclusive research for The Daily Telegraph shows Generation Y are saving 2 1/2 times as much as they spend. In mid-2009 they said they were spending nearly as much of their spare income as they were saving.
Charlie Nelson, managing director of consumer research firm Foreseechange, said: "The Read more [...]
Shadow Shop Reveals Poor Quality of Financial Advice
It's good that ASIC has discovered what I've been educating Australians about for 12 Years regarding the conflict of interests with the Financial Planning Industry earning commissions on investments they advise on and the poor quality of advice.
As expected the Financial Planning bodies are trying to delay the introduction of new laws banning commissions.
Instead they should be changing their strategy and training Financial Planners in Financial Education so they could educate consumers rather Read more [...]
Wake-up call for millions of forgotten super accounts
Do you have lazy super sitting somewhere you have forgotten about that you could be had to invest right now?
Jamie McIntyre
CEO of 21st Century Education
Wake-up call for millions of forgotten super accounts
Original article by ANDREW MAIN from http://www.theaustralian.com.au/news/nation/wake-up-call-for-millions-of-forgotten-super-accounts/story-e6frg6nf-1226278786759
A QUARTER of the nation's 28 million superannuation accounts are inactive and will be consolidated into active Read more [...]
Market woes chip at super nest eggs
THE average Australian superannuation fund lost money in 2011 due to the sharemarket's poor performance, with analysts expecting a 2 per cent decrease in median ''balanced'' funds.
Conservative funds and cash funds - which allocate money to defensive assets such as fixed interest and bonds, where returns are normally lower - outperformed high-growth funds.
Paul Saliba, chief investment officer at wealth management firm Lachlan Partners, expects the outlook for 2012 to be similar to last year, Read more [...]
RBA’s Ellis Sees No Reason Australia to Follow U.S.-Style House Slump
The Reserve Bank agrees with my thoughts that the Australian Property Market is not going to crash like the US Property Market is.
That's why I'm buying up as many U.S Properties as I can and also as much land in fast growing areas in Australia.
U.S houses with 15 to 25% cashflows combined with landbanking where I can acquire land and not have to pay for it for 6 to 10 years gives me instant cashflow from the US Properties and capital growth from the land in Australia, without borrowing a cent Read more [...]
Comment from Ross Greenwood on Australian Government Debt
"Right now the Federal Government is at pains to tell everyone - including us the mug-punters and the International Monetary Fund, that it will not exceed its own, self-imposed, borrowing limits.
How much? $200 billion. And here's a worry.
If you work in a bank's money market operation; or if you are a politician; the millions turn into billions and it rolls off the tip of the tongue a bit too easily. But every dollar that is borrowed, some time, has to be repaid. By you, by me and by the Read more [...]
‘How to determine where you will be in 5 and 10 years or beyond’ by Jamie McIntyre
‘How to determine where you will be in 5 and 10 years or beyond’ by Jamie McIntyre
The power of extrapolation
Catching up with Tim Ferris, best-selling author of The 4-Hour Workweek and The 4-Hour Body a few months back, we were discussing the power of extrapolation.
And how effective it is at creating change in our lives, or at least projecting where we will end up.
What is meant by extrapolation is;
Let's assume in 2010 John put on 5 kg. And in 2011 John also put on 5kg.
One Read more [...]
Group of Average Aussie families make $47million from Land Banking
A report on the front page of the Herald Sun today:
A small group of Australian families have hit the jackpot after developers paid them $47million for some farmland on the fringe of Melbourne.
12 owners owned a 92 ha site at Rockbank that will eventually house thousands as Melbourne continues to grow.
One family was delighted that an investment of only $200,000 in 13.5 ha has turned them into Multimillionaires within a decade.
The deal was done by the Oliver Hume Group.
Most didn't Read more [...]
