A friend asked me to look at www.australianethical.com.au for your superannuation, I wasn’t very impressed. Maybe ethical for companies, but what about retirees? 1 – Fees are too high MySuper balanced option total fees are (1.134%). The lowest fees are Hostplus – indexed balanced option (0.03%) which works out at about $100,000 less in retirement […]
Recently the Murray Report found that Australian’s are paying double the fees of other Western countries for their retirement. That’s costing us $20 billion dollars each year, or an average of $1100 each! Why are Aussies being so badly ripped off? Well we could blame the funds for slugging consumers with hidden high fees and […]
Financial advisors do not care about you
You are the only person responsible for your financial future. If it all goes belly up YOU are to blame. Even if you have been given dodgy advice from a financial manager, it’s upto you to do your homework and take responsibility for your investment choices. Do you know how much you are paying in […]
You Get What You Pay For, don’t you?
Just because something is expensive does not mean it is better. Cost is actually now part of the marketing of some products, for example Stella Artois does not hide this fact with the tag line ‘reassuringly expensive’ – think about: Expensive wine – http://freakonomics.com/2010/12/16/freakonomics-radio-do-more-expensive-wines-taste-better/ A $1200 handbag from Burberry, does it last any longer than […]
The Joy of Index Investing
I’m a big fan of index investing, It’s the secret weapon that gives the average Joe the ability to play with and soundly beat the big bully’s of the investment world. What is an Index? Companies comprising an Index have to be ordered by a criteria, usually market capitalisation. However indexes can also be […]
Are you Responsible?
There are two ways to achieve the things you want in life, taking responsibility yourself or giving away that responsibility. For example to buy new car, taking responsibility yourself would be to save by spending less than you earn and giving away responsibility would be buying a lotto ticket and crossing your fingers. Here’s some […]
EBikes – Now there’s no excuse
I’ve been a cycle commuter for years, ever since I started employment. In fact I’ve gotten so used to pedalling my way to work, it’s actually a novelty to have to get the train or bus. I must seem like an excited kid on the bus, while everyone around me wears the blank expression that […]
Save Your Retirement with The Investment Fees Calculator
Did you know that a seemingly small fee of just 1% on your investments can result in you losing more than 20% of your balance over 40 years, and that a 1.5% fee can result in you being deprived of around 30% of your investment over the same time!? I was absolutely shocked when I […]
Ding Dong!! Another parcel is plonked onto my doormap and I’m still in my dressing gown sipping a morning coffee 🙂 Why go shopping when you can get someone else to go for you? My toaster broker last week, but instead of making a special trip to the supermarket I hopped on ebay and ordered a […]