Your Money: Blog Alman Partners

Interesting Vs Actionable

“Prediction is very difficult, especially if it’s about the future.”
Niels Bohr, Nobel laureate in Physics

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.”

Superannuation – Be Engaged

Superannuation – all workers have it. But why is it important to be engaged with your super?

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“

The Invisible Money Generation

How can we teach our children that money doesn’t grow on trees, when the trees have become digital and invisible? For most of us, our first memories of money are of collecting small change, and witnessing our parents using cash to make everyday purchases. This experience, however, is no longer common – the game has changed, and it has become invisible.

Super Insured?

Insurance inside super, can you count on it? We hear the statement “I have that insurance inside my super” often. But do you really know what you are covered for?

Looking for some loose change?

Happy Financial Year to All. Now that we are into the 2018/19 financial year, this means that the recent approval from the Senate of the seven-year Personal Income Tax Plan comes into effect, and you may find yourself with some loose change in your pocket! The first step of this plan is to provide small tax relief to low and middle-income earners.

Let’s talk numbers

I get it, numbers – not everyone’s cup of tea, especially when there are too many of them being thrown about. But sometimes numbers help – numbers are facts, they are not open to misinterpretation – the context in which they are used of course can be (misinterpreted) but not the numbers themselves. As Pythagoras, the great mathematician said – “Number is the within of all things!”

Banks should exit the Financial Planning business

What an extraordinary week at the Banking Royal Commission. AMP’s reputation has been shredded when the head of advice Jack Regan admitted that the financial services giant blatantly lied to ASIC 20 times and that they continued to charge advice fees for orphaned clients. Then it was CBA’s turn when the commissioner accused them of being the “Gold Medalist” of taking fees for no service. I could go on, however, I am sure most of you are following the story. No wonder the general public have reduced faith in the financial planning industry.

Rainy Day Investing

Australia, earth’s driest continent, experienced national rainfall in 2017 that was 8% above the historical average. The year was the 30^th wettest on record, according to the Bureau of Meteorology.¹ But the story is more complicated than that.