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Category: Your Money Gen X

One month into the new financial year, what’s your prediction for the sharemarket in the short and long term?

“Ah, young grasshopper,” said Miyagi to Daniel-san, “you all wet behind ear.” Actually, I’m mixing my Karate Kid with my Kung Fu. But at least they’re both martial arts movies, so you get what I mean. You want a short-term sharemarket prediction? Then you need to meet Senor Bubbles. He’s our family pet monkey, named […]

Is age discrimination an issue in Australia’s financial services sector? Who is affected, and can it be stopped?

Is this where I get to go mental over the endless targeting of us young’uns by our shameful older politicians? That selfish, silver-spooned, born-to-rule, earth-pillaging Boomer generation running the country now? (You want ageist? Try that!) Well, I’m not going to. And I don’t think that of Boomers anyway. Discrimination is “unjust or prejudicial treatment”. […]

Multiple funds the answer to taking pension while working

PORTFOLIO POINT: Can your SMSF give you simultaneous pension and accumulation funds? Yes, here’s how. It’s an area many SMSF trustees don’t understand well – even those who might have been operating SMSFs for long periods. Trustees understand that their SMSF is there to eventually pay a pension. Therefore, at some stage, it must convert […]

Confusion can reign when working out how your superannuation is invested. What are simple ways to decide where it goes?

Amazing, isn’t it? Governments force Australians to put large wads of their salaries into super. And then refuse to help them understand why. Or how. Or what. (And then they change the rules every fortnight, so no-one knows what’s going on. But that’s a bitch session for another day.) There’s never been a public education […]

Everyone likes a good mystery. What are three money mysteries that still baffle you?

For curly money questions, I seek higher authorities – Professor Google, Rosmerta and Warren Buffett. But still, the internet, the Celtic goddess of wealth and the Oracle of Omaha simply can’t answer everything. What perpetually mystifies me? Taxes, over-spending and financial arrogance. Tax. Seriously! Governments globally are incredible at imposing taxes. But they’re even better […]

Happy new financial year! What are three money resolutions that everybody should make?

Aww, come on! Can’t we bask in the rosy glow of last year for a little bit? A year ago, the sharemarket was below 4200 points, property prices were still declining and interest rates were higher. There’s three reasons to cheer FY13! It turned out pretty darn good, I reckon. But, you’re right, navel gazing […]

House prices have been improving nationally this year. Where do you think they will go in 2013-14?

Two words: Mean reversion. That means almost everything will go back to their long-term averages, no matter how out of sync they might become temporarily. The naughty child who starts actin’ all sweet as pie will eventually go and whack someone. Charlie Sheen, bless him, is possibly only ever one day away from getting back […]

Banks and miners are the biggest components of our sharemarket. Should you invest in one, both or none?

Like mooning an avalanche as it rolls down the icy slope, sunbaking on the beach after a tsunami warning, or sticking your pinky in the leaking dyke. Somewhere between utterly pointless and unarguably dangerous. If you invest in Australian shares, you can avoid the bastard banks and the earth-raping and pillaging mining stocks. But why […]

Is the great Australian dream of home ownership still an achievable goal for young Australians?

Aah, here we go again. The perpetual moan of youth and property ownership. Perhaps we end this eternal whinge by getting the Federal Government to give everyone a home on their 21st birthday. Given the expense to taxpayers, you won’t mind living 80km out of town, will you? Listen here, Young Turks. Property ownership is […]