Blog

April 21, 2016

A different “End of Financial Year Sale”

As June 30 fast approaches, there is still time to consider the strategies available to you this financial year to build your wealth, some of which are discussed below. Paying interest in advance Borrowing to invest is a tax-effective means of wealth accumulation – investors borrow for investment purposes, and claim the interest on the borrowed funds as a tax deduction. This strategy is consistent with many investors’ objectives as it allows you to purchase property, shares, or any other asset that generates assessable income. It also enables you to bring forward and pay next year’s interest cost and claim […]
April 14, 2016

Do investment principles stand test of time?

Time travel is a skill that would dramatically transform the world of the investor. Sadly, despite all the technological advances of the past two decades, the ability to go back or forward in time remains the realm of science fiction novels, not a killer app on an investor’s smartphone. While time travel may still be the domain of TV and film producers the passage of time is a real-world test for investment ideas even if – as we are constantly reminded – history is not a great predictor of future returns. Twenty years ago the movie Shine with Australia’s Geoffrey […]
April 7, 2016

Australia’s unclaimed money in 2016 = $1.2 billion dollars

From Kerry Packer to Christopher Skase, almost 1.3 million Australians — dead or alive — have money ready to be claimed from the Federal Government. The Government is calling on Australians to use a special search engine to check if some of the $1.2 billion tied up in old bank accounts, share dividends and life insurance is theirs. Some accounts hold just 5¢ while others have tens of thousands of dollars. One account holds more than $1 million. Kerry Francis Bullmore Packer, one of the country’s richest men who died in 2005, has $14,520 in three Westpac accounts that have […]