Share prices often drop by the amount the dividends are paid. Why does this happen? The answer is quite logical; when the company pays out the dividend, the value of the company is reduced by the amount of the total payout. In other words, the amount paid out in dividends no longer belongs to the […]
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7 Golden Rules for Lending Money to Family and Friends
Money, more often than not, comes in-between relationships and it can be difficult to say ‘no’ to a loved one or someone important to you. However, if you explain to them the reasons for saying ‘no’ and they genuinely care for you, they should understand and respect your decision. Having said this, if you find […]
Don’t believe everything you think about your retirement wealth
There is increasing investor autonomy in today’s world – the range of information available online and in the form of apps give investors an abundance of knowledge to manage their finances on their own. Theoretically anyway. On the one hand, freedom of information is great for expanding the financial literacy of individuals and allowing them […]
Are Gifts Taxable?
Are gifts taxable? I am frequently asked the questions, what are the tax implications of giving money away? If I receive money as a gift, do I need to pay tax on it? The answers are varied. The most recent that I heard was in a meeting with someone who mentioned their tennis partner told […]
Budget 2018/19
Before we all get too excited about the announcements made in the budget, let’s remember that everything reported are proposals that need to successfully pass through Parliament before they become law. And often that means being subject to changes throughout the process. But there are bits of good news. Let’s take a look at some […]
Revelations from the Royal Commission & Where We Stand
The revelations unfolding from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has lifted the lid on the behaviours of corporate executives and exposed a recurring void of the concept of “putting the interests of clients first”. In the second round of hearings focusing on financial advice, we […]
Does an award-winning fund mean higher returns?
Chasing past performance is not such a good idea when it comes to investing. Investment markets are volatile by nature, and backing a winner based on last year’s returns is like backing ‘yesterday’s hero’. Each year, several organisations hand out awards for the top performing funds from the previous year. The criteria for winning is […]
What does financial wellbeing mean for Australians?
Financial wellbeing means different things in different countries. What does financial wellbeing mean for Australians? Around the world, national programs are being developed to help improve financial literacy in the public realm. In Australia, similar efforts are occurring through organisations such as ASIC and Financial Literacy Australia with the aim of creating a better-informed public […]
The only time to put your eggs in 1 basket is…
Easter!
How to set goals & actually reach them
The answer is to set goals in a S.M.A.R.T way. If you’re thinking, “Yes, I’ve set goals but how do I actually put them into action?”, then this article is for you. There’s a psychology behind the way we set goals and our chances of success. Studies have shown that writing down what we intend […]