News & Articles

Dividends financial section of newspaper

EOFY Investment Distributions Explained by Saul Muscardin

Have you ever opened your broker app, or your portfolio tracker and seen a significant unexplainable drop in the value of your investment? Did you have one of these reactions….?   Then did you go into a mad scramble googling the ticker code, checking Hot Copper, or trawling through Google news to find some explanation? If you were lucky, finally on Hot Copper or some other stock forum someone who’s been around investing a bit longer than you calmly says “Chill out there young fella – its just gone ex-dividend” (or ex distribution in the case of managed funds). Well…

Stop Trying to Hit it out of the Park! by Saul Muscardin

In 2004, Michael Lewis wrote a fascinating book called Money Ball – which went on to become a major Hollywood movie starring Brad Pitt. The book tells the tale of Billy Bean, the manager of US Major League Baseball team the Oakland A’s and how he managed to take a team with one of the lowest budgets in the league to the play-offs – on multiple occasions! How did he do it? Well, conventional wisdom long held that big name, highly athletic hitters and young pitchers with rocket arms were the ticket to success… but without the financial firepower to…

Self-Employed? Don’t Forget About Super!

I had a chat with a mate of mine this morning – a 30 y/o self-employed tradie. He works hard, he pays his mortgage, he has some investments, but during the call, he mentioned that he hadn’t contributed to his super for 3 years (since becoming self-employed). Me shortly after… After I managed to regain my composure I encouraged him to make provisions for super contributions so that he doesn’t fall behind his PAYG peers – who just magically get their super contributions quarterly. He thanked me for bringing it to his attention and that was that. After our call…
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Where Are You Getting Your Advice?

Where you get your financial advice makes an enormous difference to your outcomes. But unfortunately, many people confuse trust for expertise and don’t get the results they had hoped for (or were promised).   Think about it…   Where is your greatest source of trust?   Probably your family & closest friends right? They have your back no matter what, they always have your best interests in mind, and they would never lead you astray…. but are they financial experts?   For most people the answer is probably no – they’re doctors, or lawyers, or teachers, or nurses, or tradies – and…
Beach Jump

10 Profound Quotes for Wealth & Happiness in 2021

Every year around about this time people start preparing to make New Years Resolutions – 80% of which fail by the second week of February according to this FSU News article. Yet despite this overwhelming failure rate, we front up again next year with a new set of resolutions and a commitment to achieving them. Why do we continue this folly?   Well, It’s not too difficult to see why we make resolutions – Self-improvement is an admirable pursuit. It brings us a sense of accomplishment, pride, and the immense satisfaction of achievement. However, why we break resolutions is far more nuanced…   We make goals…
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Top 5 Reasons to Start Saving in 2021

Let's face it, when it comes to wealth creation 'saving' is about the most boring method I can possibly think of, but trust me on this.... saving is the bedrock of wealth creation, and if you harness this simple little skill it has the power to change your life. But before I get into my Top 5 Reasons to Save, let's take a moment to define what I mean by 'saving'. Saving, contrary to popular belief is not piling your money up in the bank earning 0.5% - Your road to wealth will be a very tough slog with a…
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Stop Saving for the Kids... It's Costing You a Fortune.

Well, this is a little controversial... stop saving for the kids? 'What kind of sick child hating finance author is this bloke....' I hear you saying.     Or perhaps you're fondly reminiscing about your first 'Dollarmite' account, and how the process of packaging up your spare change and banking it once a week instilled in you an appreciation for saving?   Well, as a child of the 80's, a recent father, and the former owner of a Dollarmite Account I can tell you that there are a few MASSIVE differences between then and now - and that what worked…

HomeBuilder: What is it and how do you access it?

The Government has announced grants of $25,000 to encourage people to build a new home or substantially renovate their existing home. The HomeBuilder scheme targets the residential construction market by providing tax-free grants of $25,000 to eligible owner-occupiers, including first home buyers, to build a new home or substantially renovate their existing home. The grants will be distributed by the revenue office of the State or Territory where you live or plan to live. There are a few complexities to this grant that both home builders/renovators and the building industry need to be across before jumping in and signing a…

How Resisting A Marshmallow Can Make You Wealthy - Part I

  In 1972, a Stanford University psychology professor named Walter Mischel ran an incredible experiment. A child was given a small treat - in this case they could choose between a Marshmallow or a pretzel (whichever they preferred). They were told that they could eat the treat any time they liked, or.... if they managed not to eat the treat and waited for the researcher to return 15 minutes later, they could have a second one. The researcher left the room and watched with interest.   So what happened?     Well, as you may have guessed some of the…
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Status Quo Bias - The Great Wealth Destroyer

Believe it or not, being a successful <insert just about anything here> requires a far lower amount of expertise and a far greater amount of behavioural and emotional management than most people recognise (or care to admit). We see time and time again that this is particularly true of people's finances. As humans, we make simple decisions complicated because emotions cloud our judgment - fear, greed, anxiety, uncertainty, overconfidence, spotting trends that don't exist... they all distort what should otherwise be a simple logical choice. Let me give you an example.   There is an enormous body of scientific data…

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