Responsible & ethical investing – what are they & what’s the difference?

Responsible & ethical investing – what are they & what’s the difference? Whether it’s the war on waste, human rights abuses, animal rights or climate change that is your issue of choice (or perhaps you’re concerned about all of them), more of us are taking an interest in making decisions with our money that reflect our values.  Recent research from the Responsible Investment Association Australasia (RIAA) shows that 92% of Australians now expect their super …

13 commonsense tips to help manage your finances

13 commonsense tips to help manage your finances   Key points Getting your personal finances right can be a challenge. Here are 13 tips that may be of use: shop around when it comes to financial services; don’t take on too much debt; allow that interest rates can go up as well as down; allow for rainy days; credit cards are great but they deserve respect; use your mortgage (if you can) for all longer …

Investing for a rainy day: Key investment concepts you should understand

Investing for a rainy day: Key investment concepts you should understand Rather than saving for a rainy day, as the old saying goes, why not save and invest now to achieve your future financial goals? Here we look at some advice from leading financial planners on the key concepts that should inform your investment strategy. Chris Giaouris, CERTIFIED FINANCIAL PLANNER® professional, partner and principal advisor at Chronos Private in Melbourne likens having an investment strategy to going on …

Successful investing despite 115 million worries and Truth Decay – how to turn down the noise

Successful investing despite 115 million worries and Truth Decay – how to turn down the noise Key points A surge in financial information and opinion combined with our inclination to focus on negative news risks making us worse investors: more fearful, more jittery, more reactive, less reflective & more short term. This is potentially harmful to our long-term financial health.   Five ways to turn down the noise & stay focussed as an investor are: …

Don’t just invest for your children, invest with them

Don’t just invest for your children, invest with them Investing with your child can help them build a nest egg and improve their financial literacy. Gifting your child with a nest egg of investments is a wonderful idea, and will no doubt give them a kickstart into adulthood. But some experts say we may be approaching this incorrectly; we could be investing with our children, rather than for them, to give them not just money …

How to invest for your kids’ education

How to invest for your kids’ education When kids are starting school, will your finances be ready too? You’ll often have many other financial commitments at this time – your mortgage, family holidays, insurance, grocery bills and more. If you think a fee-paying school could be on the cards, how will you cope with another big bill to pay? We talked to CERTIFIED FINANCIAL PLANNER® professional Paul Garner, financial planner and principal at Novo Wealth, …

How to achieve goals with scarce capital

How to achieve goals with scarce capital It’s all well and good to think about goals when you have a million dollars in the super account, but what about people who want to achieve financial goals in circumstances where they have limited current capital. How can a goals-based approach serve them? There are many people in this position and there are some useful goals-based investment strategies customers can use. It is extremely important to be …

What two investing insights would you give your 20-year-old self?

What two investing insights would you give your 20-year-old self?   Hamish Douglass, Chief Executive Officer and Chief Investment Officer, Magellan Asset Management My central advice would be that successful investing is about finding and then owning for the long-term companies that can generate excess returns for years to come. It’s not about looking for stocks that might come into short-term favour on stock markets. The worthwhile companies to own for the long term will …

Nine key rules to successful investing

Nine key rules to successful investing Key points Investing during times of uncertainty can be nerve wracking, but even in good times it can be problematic. For this reason, it’s useful for investors to keep a key set of things – call them rules – in mind. The key rules I think are to: make the most of the power of compound interest; be aware that there is always a cycle; invest for the long …

Keeping tabs on your super investments

Keeping tabs on your super investments It’s important to get your investment strategy right with super. Keeping tabs on your super investments. Reviewing your portfolio regularly and getting advice can make all the difference to your savings and income for retirement. We talked to CERTIFIED FINANCIAL PLANNER®professional Matt Torney from Muirfield Financial Services about how to make sure you’re taking the right approach with your super investments. What sort of questions can help you determine your …