And bond funds increased as a result?
(The latter is global, hedged.)
Yes they have an inverse relationship.
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Macquarie is a really good platform. $4.5k is reasonable too. Just make sure you clearly understand what they’re charging you for and what ongoing fees might be involved. Planners are really good at diversifying things for you, and mapping out a realistic plan. If you can’t be farked doing endless research yourself then it’s money well spent.
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Is a financial planner the best person to see to ensure your investing in a tax effective manner?
Depends. An accountant can’t say how to invest or what to invest in. Legally. A financial planner can.
So you can take your financial plan to an accountant and ask if it’s setup in a tax effective manner but not if it’s a good plan.
There is a whole APRA act to read if you have sleeping issues.
Also CPA have a guidebook to help accountants decide where the line is (only 86 pages).
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I know I do go on about this but seriously, there is a lot of red tape in this area and unfortunately that red tape means we as consumers pay a huge cost for getting financial advice.
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Yes. Tax avoidance is their bread and butter. It’s a lot harder these days because all the little loop holes like TTR are being closed but it’s a huge consideration for them (if they’re good at what they do).
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100%. There’s 5 times the amount of work that goes into looking after a client now than there was 10 years ago. With the cost of wages in the industry, that has made it really expensive to operate. It’s a bit of an over correction from how loose it used to be. Has cleaned out the industry a bit though.
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Ouch. Reckon I am going to delete all trading apps for another 6 months and come back then TBH 
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Minimisation
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Im not looking either.
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Healthy approach!
Me, I don’t suffer much from “loss aversion” (at least re: investments). I’m just LOLing at the up-down-up-down randomness.
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Of course.
Someone’s playing funny buggers with Rural Fund Finance again. Regular selling off, but the other day, was down a bit, then the price recovered in one afternoon. Now sliding again.
They were subject to a couple of major shorting reports from Houston and Israel, accusing dodginess which was refused by the major accounting firm, but they seem to be at it again.
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I bought into that halfway through 2020.
It’s tripled since.
My stop loss is around $2.45 so there still some time for it to move.
If it survives the next few weeks, great. If it doesn’t, I cash in and keep an eye on it later.
Does anyone have an views on Sequoia Asset Management？ specifically Sequoia Commodities Series 9 & 10
Not nice seeing my portfolio down over 40% since mid April.
Join the club.
I’ve gone from +30% to down 10%
actually haven’t looked for a couple of weeks now at stocks individually.
did notice Vulcan is below Gina Rhinehart buy in price.
Focus on the future.
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