(03) 9020 2905PORTFOLIO POINT: Loans in super funds can be “forgiven” – a handy way of getting assets into a fund now and benefiting from the low-tax super environment. A starting point … Read More Unlimited super growth
All posts by Bruce
“If you have accounts, loans and credit cards with several banks, should you consolidate them with one provider?”
Excellent topic to ask one of Australia’s most senior bankers, Sir Ralph Norris, from the Commonwealth Bank. Bruce: “Morning Ralphy.” Ralphy: “Morning Bruce.” (Hey, don’t forget his New Zealand accent.) … Read More “If you have accounts, loans and credit cards with several banks, should you consolidate them with one provider?”
What exactly is a “balanced fund”?
PORTFOLIO POINT: Legislators need to step in to force fund managers into “truth in labelling” to help super members. Because the existing schmozzle really isn’t a hard fix. That two … Read More What exactly is a “balanced fund”?
“Earn more money or spend less money – what is your personal finance philosophy?”
Earn more versus spend less? Oh no, the never-ending battle of good versus evil! But which is good? And which is evil? It’s like pitting Angelina Jolie against Brad Pitt … Read More “Earn more money or spend less money – what is your personal finance philosophy?”
Super, the wealth incubator
PORTFOLIO POINT: In-specie share transfers into your SMSF can be win-win for reducing tax outside super and increasing a tax-free (or tax-effective) income stream. We should all know that the … Read More Super, the wealth incubator
“A family member tells you they have maxed out their credit cards and are in financial strife. What do you say?”
I’d get really cross and let her have both barrels. “Red card, Grandma! How many times have I told you? A thousand! There’s no more room left on your reverse … Read More “A family member tells you they have maxed out their credit cards and are in financial strife. What do you say?”
Australia’s not-so-super system
PORTFOLIO POINT: How good is Australia’s super/retirement income system? Not as good as we might like to think. And some work is required to bring it up to scratch, an … Read More Australia’s not-so-super system
“Fixed interest may be the world’s most boring type of investment, but should you have some in your portfolio?”
Wha-a-a-t? Boring! Old-people topic! Yawn. Wake me up when you start talking about something of interest to Gen Xers. Okay, even for Xers, fixed interest has a place. A small … Read More “Fixed interest may be the world’s most boring type of investment, but should you have some in your portfolio?”
Pay no tax
PORTFOLIO POINT: Want your accumulation SMSF to pay no taxes whatsoever now? Or ever? Here’s how you can do it and why Ken Henry wants the Government to urgently clamp … Read More Pay no tax
“Owning your own home has been the great Australian dream. How achievable is it these days?”
You mean these days? Like today? Well, um, probably not very. Bu-u-u-t … who needs a home, when for just $100,000, you could buy KITT – David Hasselhoff’s legendary wheels … Read More “Owning your own home has been the great Australian dream. How achievable is it these days?”