‘I’m selling now to beat crash,’ says disillusioned property investor

Allan Smith with his eight-year-old daughter Eva at his investment property in Helensvale.  Paul Harris By Duncan Hughes   21 January 2019   Australian Financial Review Allan Smith, a Queensland corporate accountant, is selling the investment property he bought 10 years ago because he is “tired of losing money” and wants to get out before there is a market…

Monopoly Capitalism

By Steve Blizard   13 Jan 2018 Vibrant competition is essential for a capitalist economic system to function effectively. However, we are witnessing the death of competition in industry after industry as global corporations increasingly gobble up their competitors. John D. Rockefeller, one of America’s first oligopolists, famously said “competition is a sin”. Within an oligopoly market structure, limited competition exists…

Shorten’s 6 big tax slugs to hit Aussie middle class

By Paul Rickard  January 10, 2019 In a little over four months, Australians are set to elect Bill Shorten as their 31st Prime Minister. He will lead a left of centre, anti-business Government that will slug millions of Australians with higher taxes. Those impacted will include investors, self-funded retirees, small business entrepreneurs, professionals, managers and savers.…

The 20 Commandments of Wealth for Retirees

By legendary financial adviser Noel Whittaker 1. Ignore the prophets of doom – they are always with us and usually wrong. 2. Make sure your children have adequate insurance. It’s much more affordable than your funding their misfortune. 3. Understand compounding, and appreciate that the rate of return your portfolio can achieve will be a major factor in how long your…