Follow my BlogJoin us on LinkedINLike us on FacebookFollow us on TwitterFollow us on Youtube

Future Financial Services Blog

by Alex McKenzie

Financial planning advice to guide you through your life stages. Financial advice for when you are looking to buy your first home, start a family or looking to retire. This blog aims to show the relevance of Superannuation, insurance and investment for everyday families.

21
February
2018

Paying With My Superannuation

Can I pay for that with my Superannuation?

From social media platforms to conversations in the pub, people often want to know if they are able to access their super to pay for something they can’t afford. There are circumstances where you can access funds early, but they are very limited and very strictly enforced.

People often ask why they can’t use it? It is their money after all. The reason the government doesn’t allow it is that the money is mandated savings to fund retirement. The funds are taxed at concessional rates as compensation for not being able to use it until we retire. Prior to superannuation, very few people adequately saved for when they were no longer receiving an income.  If allowed to access super funds, too many people would do so and then not have enough savings to fund retirement years. This not only leads to a lower standard of living for these people but it is also a financial drain for the government.

Written by: Alex McKenzie Categories: Future Financial Services Blog

21
February
2018

Emotions In Investing

The problem of emotions in investing

All too often, human nature causes us to be overly influenced by our emotions rather than logic. This is particularly relevant when it comes to our investment decisions.

For a long time now, we have been aware of the fear/greed cycle that amplifies investment market peaks and troughs. Yet, time and time again, we repeat this behaviour. We chase the returns and create a bubble.  As I write this, we are seeing this with Bitcoin, people are buying for the sole reason that they think it is going up.  This is nothing new, we had the Tech bubble where anything and everything in the technology space was being bought, prices went through the roof. Most people buying shares did not even know what the companies they were buying into actually did. Some companies had yet to make any revenue at all and had a market value in the tens of millions. Is this logical?  Nope, it’s greed dictating our investing habits.

Written by: Alex McKenzie Categories: Future Financial Services Blog

<<  1 2 3 [45 6 7 8  >>