Andy Matthews is an Authorised Rep 288742 and Credit Rep 403608 of Sensible Super Pty Ltd ABN 81 603 346 881, Authorised Rep 1243004 and Credit Rep 488535 of FYG Planners Pty Ltd
ABN 55 094 972 540, AFSL/ACL 224543, and provides advice on aged care, investments, superannuation and insurance.
Office is located at 52 French Street, Maroubra NSW 2035.
Phone 0402 466 640. email andy[at]sensiblesuper.com.au
“All I want you to tell me is when will
the market go up and when will it go down.” How often do we hear that cry?
Perhaps the better question to ask is whether it is really in our best
interests to trust predictions about something, like the financial markets,
that is inherently unpredictable. This article from Carl Richards in the
New York Times provides a useful perspective on the dangers of market
Have you ever noticed the similarity
between commercials for lottery tickets and those by investment managers
promising market-beating returns? Just as you rarely see images of a mug
punter tearing up is lottery ticket, you rarely will see ads with pictures
of dejected investors realising ‘the sure thing’ was anything but. The good
news is you don’t need to treat investment as a gamble.
Spending more than you earn, failing to
have a cash emergency fund on hand and neglecting insurance. Those are
three of the big 10 money mistakes cited by The Sydney Morning Herald as
most common among Australian consumers. But perhaps the most dangerous one
is the “hot tip”, the get-rich-quick idea based on a speculative gamble on
a single security or scheme. As always, getting sound and independent
advice is a good starting point