How important is money to your wellbeing?

Having more money should make us happier right? According to a number of different research reports, feeling good about life comes from a feeling of control over your finances, rather than how much money you have. The wellbeing formula for Australians After spending 15 years exploring what contributes most to the happiness of our population, … Read more

Does money bring happiness?

The short answer is ‘yes’, but only up to a point. People in richer countries are, collectively, happier than people in poor countries. Within countries, people with higher incomes are generally happier than people on low incomes. Surprisingly, once basic living needs are met, the amount of happiness gained from each additional dollar of income … Read more

Priority1 New Introduction Video

Click here to our view our new introduction video for Priority1 Wealth Management Group. Feel free to share with friends and family. Introducing Independent Financial Planning Advice Group Priority1 Wealth Management Group Why we do what we do? When people are educated, informed and make smarter decisions about their money they can add significant value to their … Read more

Common Mistakes Investors Make

This is a good summary of common mistakes with many investors make. Thanks to Shane Oliver at AMP Capital for this article. Key points Many of the mistakes investors make are based on common sense rules of thumb that turn out to be wrong. As investment markets are forward looking its often wise for investors to … Read more

Lending Money to Friends or Family – Should you do it?

What would you do if a family member asked to borrow money – besides the less painful option of beating yourself over the head with a fence paling? You want to help, but you’re right to be wary. It’s a difficult subject that despite everyone’s best intentions, often ends in tears. You’ve worked hard, saved … Read more

Sequencing Risk: The Order of Things

As financial advisers, we talk a lot about risk, so what is sequencing risk? Let’s begin with an example… Jennifer and Sue each contribute $20,000 per year to their superannuation funds for 10 years. They both earn an average return of 5% per annum, after tax and fees, and from Years Two to Nine they … Read more

Balancing Life, Work and Money

Work-life balance. It’s something everyone seeks, but achieving it can seem an impossible task. Not only does the ideal balance vary from person to person, it can change frequently throughout life. If your wheel of life has developed a wobble, it might be time to do some repairs to regain stability for the journey ahead. … Read more

A Quick Note on the Markets Start to the Year.

Shares have got off to a very bad start for the year triggered by many of the same worries seen last year. A sharp fall in Chinese shares and the value of the Renminbi, which in turn triggered renewed worries about the Chinese economy; the weaker Renminbi triggering more commodity price weakness and fears of … Read more

Super in Your 30s. It’s Important to Squeeze it in.

If you are in your thirties, chances are life revolves around children and a mortgage. As much as we love our kids, the fact is they cost quite a lot. As for the mortgage, this is the age during which repayments are generally at their highest, relative to income. And on top of that, one … Read more

Be Different Today So You Can Be Different Tomorrow

Every generation thinks life will be different – and of course, each one is right – but when it comes to planning for the future, while we’re young we have a habit of thinking there is still plenty of time. After all, when you’re in your mid-thirties or even early forties, retirement is still decades … Read more

What’s Going on in Your Brain?

This article has been re-produced with the kind permission of the Portfolio Construction Forum. The article is from Michael Mauboussin & Dan Callahan from Credit Suisse. It is a detailed article but may help you understand yourselves better. INTRODUCTION In recent decades, psychologists and economists have cataloged the ways in which human behavior deviates from economic … Read more