When to sell an investment property?

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Omniwealth’s Property Sale Series starts with the question: When to sell an investment property? The first study looks at paying down home debt. There are times when you should listen to your parents, and times when you should not listen to your parents. I have a couple who are clients. When they first got married […]

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How much do you need to retire comfortably?

Three quick questions: Why do you work? How long will you work for? How much do you need to retire? Did you answer “I don’t know” to questions two and three above? Next question then. Do you go and buy a car without knowing your budget? Do you start a home renovation without knowing what […]

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If you can’t answer these questions, you don’t have a financial plan!

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Apparently eight out 10 Australians don’t get any formal financial advice. Earlier this year ASIC found that while 44 per cent of Australians said they have a short-term financial plan only 23 per cent said they had a long-term financial plan. Would you run a business with no business plan, budget or tracking your revenue […]

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Getting your SMSF compliance right

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Self-managed superannuation funds (SMSFs) now account for the management of almost one-third of all superannuation in Australia. They have become popular with many Australians over the last decade as an SMSF enables one to use their super towards additional strategies such as purchasing an investment property, taking more control of your superannuation or enable you […]

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More options to contribute to your superannuation

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Over the last 10 years, the ability of Australians to contribute more to superannuation has reduced. Superannuation is a great system which has led to Australia having the fourth largest pool of retirement savings in the world. This year there is a new strategy up your sleeve to help you contribute a little extra to […]

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Do you have life insurance but no income protection insurance? You’re crazy

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No one likes to pay for insurance, let alone personal insurance. Who wants to think about the consequences if they die, become injured or fall ill and cannot work? Here are some interesting statistics by Rice Warner about the amount of personal insurance cover Australian’s have: 94% of Australians have some level of life cover […]

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Why claims SMSF borrowings are a danger to the financial system are misleading

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Once again, I have read claims that the ability of SMSFs to borrow money to buy property are a danger to the financial system and investors with SMSF are at risk of losing a large part of their retirement savings. A first glance of the numbers presented to support this argument seem to imply that […]

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Getting the facts right on Exchange Traded Funds

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Over the last week conversations have continued with my clients about the recent share market drop. Several clients have asked what role Exchange Traded Funds (ETFs) have played? There are some commentators out there stating that the index approached used by ETFs are stifling liquidity, the underlying assets fluctuate in value (just like direct shares […]

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Why does the share market just ‘lose it’?

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The first week of February saw shares markets around the world capitulate with the Australian market down 4.8%, US Dow Jones was down 7%, European markets were down 6.9% and Asia followed trend down 5.3%. Why? Surely if markets react like this something bad is happening. It’s time media outlets started showing the real reaction […]

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Thinking of upsizing? Don’t be attached to your old home

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Being a strategy focused fee-for-service planner I have many clients whom are in their thirties. Many of these clients made their first step into the property market by buying a unit. It’s not just a unit, this unit is their home. As time moves on – a couple becomes three, then four as the patter […]

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