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When Stocks Plunge

When Stocks Plunge

Some thoughts on the market’s slide – with thanks to the Motley Fool http://www.fool.com “Global jitters” was used in the media 933 times last week to describe why the market was falling, according to Google. Thanks, that’s really helpful. It’s the equivalent of a doctor diagnosing you with “general illness.” S&P 500 companies earned something around $38 billion in profits over the last...

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Sell low; buy high…Not!

Sell low; buy high…Not!

I remember a great radio ad a couple of years ago by one of the unit trust mancos that feautred 2 opera singers. One sang (in a very deep/low voice) “buy, buy, buy, buy” while the other one sang “sell, sell, sell, sell” in a very high voice. The point was well made and is one that every investor should heed – you need to buy low and sell high, definitely not the other way around. Which is why I find recent articles and comments by...

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The value of advice…

If ever you doubted the role we play… Vanguard Research Quantifies the Value of Advice 10 Mar 2014  Advisors who follow best practices can add up to about 3% in net returns VALLEY FORGE, PA (March 10, 2014)—Financial advisors can add up to about 3% in net returns for their clients using Vanguard Advisor’s AlphaTM, a wealth management framework that focuses on portfolio construction, behavioral coaching, asset location, and...

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(10) Dumb ways to die (financially)

A year or so ago my kids introduced me to a very cute you tube clip, “Dumb Ways to Die” which was a public service campaign to promote rail safety in Melbourne, Australia. It quickly went viral – you can watch the clip here https://www.youtube.com/watch?v=IJNR2EpS0jw For some reason I found myself humming the tune while I was on my way to work recently and while I was driving my focus turned to dumb things people do,...

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Tax-free savings accounts – another half-baked offering!

Tax-free savings accounts – another half-baked offering!

I was recently interviewed on radio about the new tax-free savings accounts (TFSA) that are being introduced on 1 March 2015. Any attempts to encourage savings in a country where household debt levels hover around 80% needs to be applauded and encouraged but as I prepared for the session I found it increasingly difficult to be positive about the accounts. So call me grumpy if you want but I am really not excited about the new...

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RA Season

RA Season

Traditionally February is our busiest month because it is the end of the tax year – this means it is the month to do the 2nd Provisional tax return (and payment) and also RA top-ups. Over the years RA’s have received a bad rap – this is mostly a function of the poor returns and penalties that have been associated with RA’s taken out through the life insurance companies. Today, unit trust and passive fund RA’s are commonplace. Does...

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