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Welcome to Bruce Brammall Financial

“What’s the dumbest financial mistake you’ve ever made? And how would you suggest others avoid making the same error?”

Sheesh, there’s been more than a handful. But, I’m sad to say, I’ve clearly made fewer than Kerry Francis Bullmore Packer. Yeah, you read right: fewer than Kerry. Packer reckons he became Australia’s richest man because he made the most mistakes. If his assertion is right, then I’m up for making a few more. Given […]

Not investing is just a recipe for ending up poor

Debt Man column – The West Australian (Business) For: March 5, 2010. Bruce Brammall Debt Man Bored? Like a long, wet week, we’re charging up on six months of nothingness. No growth from the market since mid-September last year. It’s been up a bit, down a bit. The net result? Nothing. Ignoring dividends, the market’s […]

Mercer busts a wealth bias myth

PORTFOLIO POINT: It’s a myth that the wealthy get the bulk of the benefits in the funding of retirement incomes, according to new research from wealth manager Mercer. Higher-income earners can be forgiven for thinking that, under this Labor Government, their hard work or success is not something to be proud of. Policies such as […]

“I’m thinking about starting a self-managed super fund (SMSF). Talk me into it or out of it.”

Xers, if you’re thinking about starting your own SMSF, here are the boxes you need to tick. One, you’ve been into investing for ages. Not just weeks or months, but years. Sometimes you bore dinner guests quoting Warren Buffett or Charlie Munger (if you said “who?” to the second one … fail!). Two, you have […]

SMSFs big tick from Cooper

PORTFOLIO POINT: Is it possible that Jeremy Cooper actually really loves SMSFs? The jury’s out, but he has promised not to be the “cane toad” of SMSFs. Turns out the DIY super fund industry might not be broken after all and therefore doesn’t need fixing, according to none other than the man in charge of […]

No need for banks to cry poor. They are laughing

Debt Man column – The West Australian (Money) For: February 22, 2010. Bruce Brammall Debt Man In my 10 years of writing about the banking industry, I’ve been accused of being both a bank basher and a bank apologist. The criticisms usually flip flop between the two, so I’ve never been worried about it. And […]

“About 40 per cent of marriages end in divorce, but is a pre-nuptial a good idea or does it indicate distrust from the start?”

Judging by the number of billboards, there’s enough trouble going around with sexual dysfunction without throwing in the great knee-closer that is pre-nups. Younger Xers haven’t had time to accumulate much wealth yet. If neither has anything, don’t worry about the divvy up. Older Xers might have had their first divorce party and are considering […]

Seven SMSF traps

PORTFOLIO POINT: Here’s seven of the deadly sins of running your own SMSF. Oh … okay, make it eight. It’s an exciting proposition. Making the decision to sack the super platform/manager/provider who’s been running your super savings (often poorly, from a returns perspective) and taking on the responsibility for your retirement savings yourself in a […]

“If you’re going to be thinking anything, you might as well think big,” says billionaire investor Donald Trump. Should Australian investors follow his advice?

Depends. Did that billionaire bigmouth make that “think big” quote before or after the 1974 Melbourne Cup? Anyhooo … yes, people aiming to create real wealth should set their sights high. Aim for mediocrity only if your name is Homer J Simpson. Ol’ Combover certainly aims big. Yes, he’s a billionaire, but he’s had a […]

What’s labor plotting for super

PORTFOLIO POINT: Prime Minister Kevin Rudd has made a rare stumble into the super debate and lets out a few party secrets. When a prime minister weighs into a debate, over the top of his ministers, very quickly you get a far clearer view of the bigger picture. And where certain objectives fit in the […]