True Wealth is not just having money in the bank, it’s an inner condition of wellbeing. It’s about your financial health, your personal growth, your life and love, your passions. Your health is also your wealth.
The Hayne Royal Commission Report into Financial Services
Wisdom in a Cookie
A number of years ago our team of financial adviser and their partners celebrated Lunar New Year together with a huge Chinese banquet. Of course, no Chinese banquet would be complete without the Wisdom of the Fortune Cookie. Have a read of the one Frances received…
The universal reward of time and patience
In Leo Tolstoy’s great novel ‘War and Peace,’ a Russian general charged with defeating Napoleon and expelling the French from Russian soil argued against rushing into battle, saying the strongest of all warriors were “time and patience.”
Royal Commission – Asleep at the Wheel?
With the Banking Royal Commission in full swing, the spotlight is squarely on financial services regulators. Future Fund chairman and former federal treasurer, Peter Costello, stated it plainly: “The next step of the royal commission is to actually find out why the regulatory agencies weren’t awake and at the wheel.1“
Banks should exit the Financial Planning business
Punching Well Above Our Weight
Chasing Alpha: Fools Gold!
As an investor you are constantly inundated with information: Where is the market heading, top 5 buys, top 5 sells etc. This clamour will increase in pitch as we approach the end of the year with predictions for which way the market is headed next year, it will roll in to it elections, status of large projects, weather predictions etc. and yet somehow there will still be several unanticipated events – some government falling, attack or sanction by the UN / USA and everything will be abuzz and different to the predictions anyway. This will all be exciting and exhilarating stuff, calling out to all investors to keep watching the latest updates. We have been saying for many years, it makes sense for the media to turn finance and investing into entertainment, to get more eyeballs and therefore advertising big bucks for them. Clearly, it is a self-serving purpose and they are not really doing you any favour.
From Rags to Riches to Rags
Among wealth advisers there is a saying, the first generation makes it, the second spends it and the third blows it.