We can't change what happened but we can change what happens next" is what we must learn from recent natural disasters. If we were lucky enough that it didn’t happen to us we must prepare ourselves in case it’s our turn next.
We have lived in Queensland for 30 years but we were born & raised & taught maths in Christchurch so we are a little tender at the moment. Hence our moment of introspection.
We read from Kate’s email ‘Had a text from Margaret and Joe. Their house is ruined. Not surprised as it was on the side of a rather steep hill. Joe lucky to escape - had just exited kitchen where everything came off walls. Margaret reckoned he could have been killed. Their kitchen is/was three levels up like sitting in a lighthouse. Rest of their family is OK. Not sure about Mark and does anyone know if Tim has left. I sent a text but no reply. Shaun did say Tim had been in the cathedral steeple two hours prior to earthquake. Also one of Betty’s four sons has been killed.>
However, from Jon we read ‘Everyone is good thanks, city is a b!!!!!!!!!!!y shambles tho.’
And from clients
Hey John,
Aren't you from around that neck of the woods? Hope you don't know anyone affected.
Bret
And we must thank all those who were concerned enough to call us to enquire.
When we reflect on Queensland events then we aren’t ‘out of the floods’ yet. We understand that the Wivenhoe dam levels are being reduced. Terry suggested they were to be reduced to 25% capacity when we under the impression that it was by 25%. We await clarification maybe from Julian from Townsville i.e. Wiki leaks who may have had his 15 minutes of fame.
Nick the senator who the Red Queen needs to have her flood levy passed has suggested flood insurance. The cover girl Anna who certainly raised her credibility during the floods commented that 7 years ago the disaster insurance premium was 200m & too dear. As with all insurance this is a frequent objection.
When we had a greater passion for life insurance 20 years ago we used the phrase-
‘You can dodge your responsibilities but you cannot dodge the consequences of dodging your responsibilities.’The ‘Black Swan’ book’s major theme was that very rare events have a disproportionate effect on all concerned. It is sometimes called ‘the butterfly effect’ where a butterfly fluttering in the Amazon jungle affects markets elsewhere.
So how do we change what happens next?One way maybe to list say 20 major but rare events that could happen to you & then do some preventative work.
This could be a ‘What if?’ list & we could all create a different list.
Lets suggest some
• What if the banks internet was down & there is no chance of cash for the week? Do you have that cash somewhere?
• What if as Kerryn found out recently you are now redundant. How does she service the negative cashflow on her ‘rental property’?
• What if oil goes much higher & fuel is much dearer. Is part of your super in oil or energy or resource funds or companies. What make & model is your car & do you ride a bike?
• What if you ‘run into a bus’ today & you have a mortgage & family. Do you have 1.5m Life cover. Does your spouse?
• What if as we have heard from Julie on Sunday & Sandra yesterday of sons in intensive care due to accidents.
• What if as at Tennyson the lights are still out. Will they have the switch board & lift needs in the basement in their next building?
• What if someone walks in & takes the work laptop as Julie also advised us on Sunday
• What if you need to contact that family or friend? Do you have all contact details.
• What if you can’t get your passport & wallet as they are buried in the Christchurch rubble or the Queensland flood. Do you have a photocopy?
• What if there was a smarter way to pay the mortgage. The Big boys don’t say & as Sel commented yesterday ‘they lie like rugs’.
• What if there was a world class health prevention story used by the WTA & other Olympians?
• What if as Damian knows your house is flooded. How do you minimise a next time?
• What if there was a way for the taxx man to subsidise your mortgage. May appreciated that summary.
• What if you could buy the top 300 companies & use 200+ funds in your own super & cheaper than a SMSF?
• What if your house was flooded or ‘quaked’ & you now have negative equity. Would you take on less debt next time.
• What if as in CHC * 80 per cent of the city is without water supply and * 40 per cent of the city has no power supply.
• What if your credit cards are too high & you can’t consolidate as your repayments have been irregular?
What if you could donate to the Salvos for the victims on https://www.salvationarmy.org.au/newdonation/donation.aspx?from=webhomeNZ
Hence the challenge is to do what Glenn suggested this week. I.e. save more which most are now doing & is reflected in lower retail sales.
We suggested previously that your super isn’t available for the ‘What ifs’? & hence there needs to be some other saving.
Lori suggested that ‘the housing market was horrible’ so selling your house is not an easy & it is an expensive option.
The big boys want your business but do they really care? Vaughan commented last Saturday that his industry fund performance was ‘crap’. We could create a ‘lemon list’ of bank & industry funds as others have. They are all emphasising costs but there is a bigger cost in the difference in performance. This difference could be huge.
We suggested to Sandra that most people need a financial tweak.
Welcome to call on 3848 1088 or book via our site or email info@wealthcoach.net.au
We promise you the meeting with a free lunch will be fruitful for you.
John McAuliffe
Whom do you trust?
Whom do we trust?
This is the question that all ask when they in fact buy anything. When we are considering any financial services then this question is even more relevant.
It was well summarised by ASIC when they "won' $60m from a global accounting firm for its auditing practices in a WA case that hit the headlines.
i.e. all parties dodged their responsibilities i.e. company directors, product manufacturers, auditors, research & regulators, advisers & clients.
We maybe could extend that further to maybe politicians, bankers & to the US Federal Reserve. Lets note that the US Fed is a private bank. You may be interested in the biggest scam in history.
We have read & heard from two different sources that two of the major banks had to borrow from the US Federal Reserve during the GFC.
Has that been reported in the mainstream media as surely it is of major concern?
We heard last week from Richard an architect that inspectors were going to the Wivenhoe dam to check if there were any cracks in the dam. The suggested reason this week is the rainy season isn’t over & so there is a need to release 25% to minimise flooding.
Maybe the media could confirm either way.
As we stated on our 60th birthday ‘daughters fib & the big boys lie.
We recall two statement from the recent past. ‘My father went back to the bank two days after depositing 750K & the bank adviser didn’t recognise him’.
And from a bank adviser who said ‘it was the worst year of his life’.
All the advertising that ‘industry funds’ do means they must be able to afford the advertising & they aren’t doing it for nothing.
Are they altruistic?
The question also asks do you trust yourself to do the financial make over required.
We viewed Extreme Makeover on Lifestyle where a couple were just buried emotionally & financially & mentally by their house & couldn’t sell it. The Extreme Makeover team solved it for them & sold for about 200K than they imagined was possible. The couple were just buried in the ‘trees’ & could not see a way out .
We recently helped a dentist who doesn’t do his own teeth.
As a past maths teacher we are here to maybe provide a solution to your problem.
Very simply we have been in financial services for 26 years & we have provided financial wisdom with integrity for all of those years.
Hence we offer as a first introduction to us a free meal here to 'break bread' & break the ice'.
We do provide most financial services & we are a member of two professional associations.
We are an authorised representative through a non aligned dealer group. This means to you that we have your interests first as we aren’t pushing an institutions products. All remuneration has to be declared & note this is a gross income before all expenses of any business.
Here to help you if & where we can & welcome to visit our websites or call 07 3848 1088 or email info@wealthcoach.net.au .
There are testimonials on our sites from happy clients.
John McAuliffe
This is the question that all ask when they in fact buy anything. When we are considering any financial services then this question is even more relevant.
It was well summarised by ASIC when they "won' $60m from a global accounting firm for its auditing practices in a WA case that hit the headlines.
i.e. all parties dodged their responsibilities i.e. company directors, product manufacturers, auditors, research & regulators, advisers & clients.
We maybe could extend that further to maybe politicians, bankers & to the US Federal Reserve. Lets note that the US Fed is a private bank. You may be interested in the biggest scam in history.
We have read & heard from two different sources that two of the major banks had to borrow from the US Federal Reserve during the GFC.
Has that been reported in the mainstream media as surely it is of major concern?
We heard last week from Richard an architect that inspectors were going to the Wivenhoe dam to check if there were any cracks in the dam. The suggested reason this week is the rainy season isn’t over & so there is a need to release 25% to minimise flooding.
Maybe the media could confirm either way.
As we stated on our 60th birthday ‘daughters fib & the big boys lie.
We recall two statement from the recent past. ‘My father went back to the bank two days after depositing 750K & the bank adviser didn’t recognise him’.
And from a bank adviser who said ‘it was the worst year of his life’.
All the advertising that ‘industry funds’ do means they must be able to afford the advertising & they aren’t doing it for nothing.
Are they altruistic?
The question also asks do you trust yourself to do the financial make over required.
We viewed Extreme Makeover on Lifestyle where a couple were just buried emotionally & financially & mentally by their house & couldn’t sell it. The Extreme Makeover team solved it for them & sold for about 200K than they imagined was possible. The couple were just buried in the ‘trees’ & could not see a way out .
We recently helped a dentist who doesn’t do his own teeth.
As a past maths teacher we are here to maybe provide a solution to your problem.
Very simply we have been in financial services for 26 years & we have provided financial wisdom with integrity for all of those years.
Hence we offer as a first introduction to us a free meal here to 'break bread' & break the ice'.
We do provide most financial services & we are a member of two professional associations.
We are an authorised representative through a non aligned dealer group. This means to you that we have your interests first as we aren’t pushing an institutions products. All remuneration has to be declared & note this is a gross income before all expenses of any business.
Here to help you if & where we can & welcome to visit our websites or call 07 3848 1088 or email info@wealthcoach.net.au .
There are testimonials on our sites from happy clients.
John McAuliffe
Are you better prepared for future rainy days
Are you better prepared for future rainy days ahead as recent events would have shown up many weaknesses. It is important to learn from them so as we don't have the same consequences.
As the bestselling book 'The Black Swan' emphasized it is the rare event that produces a disproportionately large result.
We intend to see the film 'Black Swan' as that is a different story.
What the floods demonstrated here in Brisbane was the volunteers were all ready with their gumboots & gloves & any tools to go and help others in need. Did they need any encouragement from big government? They all contributed to the various flood appears but will they do so again when they are asked to do so again with a levy or is it a taxxa>.
There has been some useful articles after the event that have suggested what could have been done before the floods. It certainly struck us why were there generators in the basements [except the AMP gold tower] & how do you charge a mobile phone if the power is switched off?
There are useful comments from Peter Skinner a UQ professor on floodgates & valves on drains that make sense & we wonder if these solutions had been discussed in the last 10 years.
The simple levees that Peter suggests makes far more sense than the 0.5% levy that the Red Queen suggests. Since when has a government removed a taxx once it is on. We know that the average battler needs that 400+ to keep their heads above the financial waters.
This is all part of risk management as all good plans protect the downside. Risk management means now all have the camping stove & generator & baked beans & bourbon ready for the next black swan event.
If it is financial where is that 5K+ cash or silver coins.
It means as neighbour Paul had as we write a compression bandage for the snake bite on his daughter's hand. Damian stated he had one in his glove box.
it means we have a computer backed up & our logins & passwords easily found.
Chris rang us this week to determine if he could access his super. Good luck Chris as generally you need to be on Centrelink for 26 weeks before you can apply for a release.
HMC suggested that we should all have that 5K+ in the PVC pipe which we trust hasn't floated away as Chris's car did.
The lightweights came out with a paltry amount for those in need & of course the heavyweights came later to validate any claims. These payments were only income tested as even they realised that many assets were now worth very little.
Unfortunately many are now under water financially as their debt is above their equity.
The light weights came out to heavy the insurance companies. Insurance is only part of risk management. However those who listen to the direct marketers or do themselves usually have only one measure i.e. cost to compare policies. The cost is dear & one reason is the inefficient state stamp duties on them . They were supposed to have been replaced by the GST. If the average 8-10% that states use for their own purposes was removed then maybe more could take out such. Yes we will agree that wordings need to be better defined or plain English. We received on our policy renewals in December the documents to read so there is no excuse for those who don't read them.
We had calls on 07 3848 1088 from 'Derik' & Paul & others in January who have made New Year's resolutions & want to act on them. They are aware that they could be more efficient at what they do.
We observe as we exercise watching the tennis that all players have coaches. We enjoyed 'The Kings Speech' last week with the theme that the King George VI had an Aussie speech therapist with every speech he made.
Nothing is ever as simple as it looks we commented today & finances for many are a struggle.
We are here to coach the willing so that they are have a home paid off & the black swan events don't wipe them out.
We are here to help those who don't want to sell their home if they move into a nursing home.
We are here to help 'Derik' pay off his mortgage years early & fund for Sophia's education.
We are here to help on 07 3848 1088 or
As the bestselling book 'The Black Swan' emphasized it is the rare event that produces a disproportionately large result.
We intend to see the film 'Black Swan' as that is a different story.
What the floods demonstrated here in Brisbane was the volunteers were all ready with their gumboots & gloves & any tools to go and help others in need. Did they need any encouragement from big government? They all contributed to the various flood appears but will they do so again when they are asked to do so again with a levy or is it a taxxa>.
There has been some useful articles after the event that have suggested what could have been done before the floods. It certainly struck us why were there generators in the basements [except the AMP gold tower] & how do you charge a mobile phone if the power is switched off?
There are useful comments from Peter Skinner a UQ professor on floodgates & valves on drains that make sense & we wonder if these solutions had been discussed in the last 10 years.
The simple levees that Peter suggests makes far more sense than the 0.5% levy that the Red Queen suggests. Since when has a government removed a taxx once it is on. We know that the average battler needs that 400+ to keep their heads above the financial waters.
This is all part of risk management as all good plans protect the downside. Risk management means now all have the camping stove & generator & baked beans & bourbon ready for the next black swan event.
If it is financial where is that 5K+ cash or silver coins.
It means as neighbour Paul had as we write a compression bandage for the snake bite on his daughter's hand. Damian stated he had one in his glove box.
it means we have a computer backed up & our logins & passwords easily found.
Chris rang us this week to determine if he could access his super. Good luck Chris as generally you need to be on Centrelink for 26 weeks before you can apply for a release.
HMC suggested that we should all have that 5K+ in the PVC pipe which we trust hasn't floated away as Chris's car did.
The lightweights came out with a paltry amount for those in need & of course the heavyweights came later to validate any claims. These payments were only income tested as even they realised that many assets were now worth very little.
Unfortunately many are now under water financially as their debt is above their equity.
The light weights came out to heavy the insurance companies. Insurance is only part of risk management. However those who listen to the direct marketers or do themselves usually have only one measure i.e. cost to compare policies. The cost is dear & one reason is the inefficient state stamp duties on them . They were supposed to have been replaced by the GST. If the average 8-10% that states use for their own purposes was removed then maybe more could take out such. Yes we will agree that wordings need to be better defined or plain English. We received on our policy renewals in December the documents to read so there is no excuse for those who don't read them.
We had calls on 07 3848 1088 from 'Derik' & Paul & others in January who have made New Year's resolutions & want to act on them. They are aware that they could be more efficient at what they do.
We observe as we exercise watching the tennis that all players have coaches. We enjoyed 'The Kings Speech' last week with the theme that the King George VI had an Aussie speech therapist with every speech he made.
Nothing is ever as simple as it looks we commented today & finances for many are a struggle.
We are here to coach the willing so that they are have a home paid off & the black swan events don't wipe them out.
We are here to help those who don't want to sell their home if they move into a nursing home.
We are here to help 'Derik' pay off his mortgage years early & fund for Sophia's education.
We are here to help on 07 3848 1088 or
Our Wish for You in 2011
Our Wish for You in 2011
May peace break into your house and may thieves come to steal your debts.
May the pockets of your jeans become a magnet of $100 bills.
May love stick to your face like Vaseline and may laughter assault your lips!
May your clothes smell of success and may happiness slap you across the face and may your tears be those of joy.
May the problems you had forget your home address! In simple words .............
May 2011 be the best year of your life!!!
This was one of the many emails that we & maybe yourselves received over the last week.
But we also received this one.
Hi John,
Spreadsheet as discussed.
Thank you so very much for your positivity............. feel a little weight off my shoulders already, looking forward to meeting you soon.
Kind Regards,
and then later
Very excited Chris was fantastic, explained things well.............so cant wait to get the ball rolling and get rid of this mortgage!!!
Speak to you tomorrow as just about to head back outside.
Kirsty
Yes it is time to make those new year resolutions. How many did you make last year & how many did you achieve?
"so cant wait to get the ball rolling & get rid of the this mortgage could be one of your objectives."
But we suggest that maybe that was one of them from last year & hence the old way isn't good enough. Of course you could do what the Builder from 9 or Wayne Duck suggests & head down to the 5th pillar.
Good luck because you will be given the same type of P & I loan at maybe a lower rate. Remember that a P & I loan is designed to be longer that most marriages i.e 25 years. How about saving years off that 25 year financial noose.
Surely that is a better way. Those who were enticed into a first home owners grant maybe regretting that now.
We read today of the IPOD generation ie Insecure, Pressured,Over taxxed and Debt burdened. If you want more than an Ipod toy then actioning the resolution needs coaching.
The Red Queen might say 'off with their heads' but we didn't hear of a similar call for Justin who coaches the seriously burnt or ashen Aussie No 1 cricket team.
If you are one of those in such a position & want & need some financial coaching then we invite you for a free meal here. You can check out our menu also.
Of course you maybe in the happy position to not have had a mortgage 'forced' onto you by Mum or society or have paid off.
Then as we were discussing with Kerryn today there are other options to invest. Of course they all come with degrees of risk.
However we suggest that those with debt in Bundaberg or Condamine or elsewhere in QLD are really in serious financial risk as their debt hasn't reduced but maybe their 'asset' -no their house 'asset' is now a bigger risk. What is the bank going to say??
So we suggested to Kerryn five other markets& other asset classes outside Aussie that have well exceeded the flat returns here over 2010.
If it is a good time for Aussie travelers to travel abroad then maybe it is a good time to invest abroad. If the 'low hanging' or easy pickings have been picked over here then maybe elsewhere has a case. But where. Some are very close to our door & all can be accessed through specialist fund managers. Of course your low mysuper or industry fund won't provide these specific options. There is a cost to NOT having these options.
Lets recall that you need to have 1,000,000 in capital outside your house to maybe not rely on government later. And government today is being suggested to to include the home in pension tests.
Kerryn can enjoy the beach today.
We promise that you will know more about your financial jigsaw after our meeting & we certainly won’t waste your or our time.
Check out our menu whilst we discuss your wholestic needs.
It won’t cost you anything but the effort to call us on 3848 1088 or email us
John McAuliffe
May peace break into your house and may thieves come to steal your debts.
May the pockets of your jeans become a magnet of $100 bills.
May love stick to your face like Vaseline and may laughter assault your lips!
May your clothes smell of success and may happiness slap you across the face and may your tears be those of joy.
May the problems you had forget your home address! In simple words .............
May 2011 be the best year of your life!!!
This was one of the many emails that we & maybe yourselves received over the last week.
But we also received this one.
Hi John,
Spreadsheet as discussed.
Thank you so very much for your positivity............. feel a little weight off my shoulders already, looking forward to meeting you soon.
Kind Regards,
and then later
Very excited Chris was fantastic, explained things well.............so cant wait to get the ball rolling and get rid of this mortgage!!!
Speak to you tomorrow as just about to head back outside.
Kirsty
Yes it is time to make those new year resolutions. How many did you make last year & how many did you achieve?
"so cant wait to get the ball rolling & get rid of the this mortgage could be one of your objectives."
But we suggest that maybe that was one of them from last year & hence the old way isn't good enough. Of course you could do what the Builder from 9 or Wayne Duck suggests & head down to the 5th pillar.
Good luck because you will be given the same type of P & I loan at maybe a lower rate. Remember that a P & I loan is designed to be longer that most marriages i.e 25 years. How about saving years off that 25 year financial noose.
Surely that is a better way. Those who were enticed into a first home owners grant maybe regretting that now.
We read today of the IPOD generation ie Insecure, Pressured,Over taxxed and Debt burdened. If you want more than an Ipod toy then actioning the resolution needs coaching.
The Red Queen might say 'off with their heads' but we didn't hear of a similar call for Justin who coaches the seriously burnt or ashen Aussie No 1 cricket team.
If you are one of those in such a position & want & need some financial coaching then we invite you for a free meal here. You can check out our menu also.
Of course you maybe in the happy position to not have had a mortgage 'forced' onto you by Mum or society or have paid off.
Then as we were discussing with Kerryn today there are other options to invest. Of course they all come with degrees of risk.
However we suggest that those with debt in Bundaberg or Condamine or elsewhere in QLD are really in serious financial risk as their debt hasn't reduced but maybe their 'asset' -no their house 'asset' is now a bigger risk. What is the bank going to say??
So we suggested to Kerryn five other markets& other asset classes outside Aussie that have well exceeded the flat returns here over 2010.
If it is a good time for Aussie travelers to travel abroad then maybe it is a good time to invest abroad. If the 'low hanging' or easy pickings have been picked over here then maybe elsewhere has a case. But where. Some are very close to our door & all can be accessed through specialist fund managers. Of course your low mysuper or industry fund won't provide these specific options. There is a cost to NOT having these options.
Lets recall that you need to have 1,000,000 in capital outside your house to maybe not rely on government later. And government today is being suggested to to include the home in pension tests.
Kerryn can enjoy the beach today.
We promise that you will know more about your financial jigsaw after our meeting & we certainly won’t waste your or our time.
Check out our menu whilst we discuss your wholestic needs.
It won’t cost you anything but the effort to call us on 3848 1088 or email us
John McAuliffe
Anecdotal comment this week
Anecdotal comment this week
We had an anecdotal comment from the CEO, OGJ, of a possibly global business headquartered here in the West End.
Some points he made was
• A Real Estate office closing last week & it had 11 staff.
• The law firm which does his work his relocating & downsizing as it now does 3-4 conveyancing deals per week rather than the 30 – 40 deals that it used to do.
• One of the 4 banking pillars will accept ~1.4 million as mortgagee in possession rather than the original 2.38m on a penthouse.
• The same pillar will similarly accept 480,000 on a 680,000 unit.
• Another real estate agent that he was talking to suggested ‘batten down the hatches’ & ‘you will be able to steal it in 12 months’
• Another agent who for 30 years has sold at least 1 property a month for the first time did not sell a property.
What does this all mean? We have asked our major real estate agent clients ‘how’s things? & only HMC admitted that it’s not the prices that concern him it’s the number of transactions.
Just maybe the so called investor has done some sums & worked out that the income or rent from an ‘investment property’ doesn’t compare with the alternatives.
What are the alternatives? As licensed financial coaches we are unable to prescribe to you anything until we have your risk profile at least & we must use only from our dealer approved list APL for everyone’s protection. We are very aware that the only asset we have is our name & wont don’t want to lose it. We are as wary of you if we don’t know you as you are of us.
However some ideas we have used lately from an annuity paying 6.75% which is relevant for the circumstances of our client.
Or maybe China could be an idea when you read about ‘senior official warns of threat to China's grain self-sufficiency’. We do have a well regarded China fund on our dealer approved list which has done 130% over 5 years or ~17% p.a. compound which includes the GFC = Good for China.
We have recently used for ourselves a direct Self managed account SMA which has, as all want, -style:italic;">full transparency on every transaction, with a total investment & administration cost of 0.4613% or 0.5125% which will hands down beat the cost of any SMSF. It does have limits using only the top 20-25 ASX funds but it is ideal for a little of our own portfolios as we don’t have the systems or skill set to do our own. Especially selling.
We also used for some of our own portfolio another Tech fund on our APL when we read ‘We're all running around buying iPads, smart phones, and all manner of other mobile technologies so we can keep up with... each other? And again
‘ So I'm long Microsoft and Intel, both of which have triple-A balance sheets, gush mountains of free cash flow every year, and lord it over 90% and 80% of their respective markets. Raising dividends 25%-30% a year doesn't hurt, either. At those dividend growth rates, you can buy Microsoft and Intel today and you'll be earning a double-digit yield over your original cost in about five years.’
We have used before the analogy that ‘dentists don’t pull their own teeth’. I.e. it is promoted by everyone else that investing is easy. ‘Yeah right’.
It was extremely interesting to hear from a dentist yesterday that he had the amalgams pulled from his teeth in 1990. He admitted that dentists don’t want to admit the facts on Hg = mercury & some are still doing it.
Why did we use this analogy? Very simply the big boys lie & now they are being found out. What was Wiki leaks all about & will Julian from Townsville be up for a Nobel peace price? How many governments will stay away?
Maybe the NAB is just having IT issues or maybe it’s the symptom of the fact that it doesn’t have the funds as it has lent them all out. Why is there a limit from the Banks & the shops on how much you can withdraw? What if you have the funds & can’t withdraw?
The property bubble may well be at least deflating & just maybe we maybe able to ‘steal’ them in a year’s time’.
We were comfortable today when Patrick decided to postpone buying a house for a year. After all it doesn’t make sense borrowing 90% of the house value when renting would be cheaper. It would make sense if the property market prices continue up but we wouldn’t bet the house on it. Of course the bank is quite prepared to capitalise the mortgage insurance required which means Patrick would pay another multiple back to the bank. The bank wants the mortgage insurance as it is very aware the values can deflate.
Clients of our have had their taxx returns completed & have had taxx refunds of up to 15K. They are now seeing the benefits of our active wealth strategy of paying down “bad debt’ & are now building their portfolios outside the constraints of super.
We promise that you will know more about your financial jigsaw after our meeting & we certainly won’t waste your or our time. Check out our menu whilst we discuss your wholestic needs. Maybe just drop in for Ann’s Christmas cake.
It won’t cost you anything but the effort to call us on 3848 1088 or email us on info@wealthcoach.net.au
John McAuliffe
We had an anecdotal comment from the CEO, OGJ, of a possibly global business headquartered here in the West End.
Some points he made was
• A Real Estate office closing last week & it had 11 staff.
• The law firm which does his work his relocating & downsizing as it now does 3-4 conveyancing deals per week rather than the 30 – 40 deals that it used to do.
• One of the 4 banking pillars will accept ~1.4 million as mortgagee in possession rather than the original 2.38m on a penthouse.
• The same pillar will similarly accept 480,000 on a 680,000 unit.
• Another real estate agent that he was talking to suggested ‘batten down the hatches’ & ‘you will be able to steal it in 12 months’
• Another agent who for 30 years has sold at least 1 property a month for the first time did not sell a property.
What does this all mean? We have asked our major real estate agent clients ‘how’s things? & only HMC admitted that it’s not the prices that concern him it’s the number of transactions.
Just maybe the so called investor has done some sums & worked out that the income or rent from an ‘investment property’ doesn’t compare with the alternatives.
What are the alternatives? As licensed financial coaches we are unable to prescribe to you anything until we have your risk profile at least & we must use only from our dealer approved list APL for everyone’s protection. We are very aware that the only asset we have is our name & wont don’t want to lose it. We are as wary of you if we don’t know you as you are of us.
However some ideas we have used lately from an annuity paying 6.75% which is relevant for the circumstances of our client.
Or maybe China could be an idea when you read about ‘senior official warns of threat to China's grain self-sufficiency’. We do have a well regarded China fund on our dealer approved list which has done 130% over 5 years or ~17% p.a. compound which includes the GFC = Good for China.
We have recently used for ourselves a direct Self managed account SMA which has, as all want, -style:italic;">full transparency on every transaction, with a total investment & administration cost of 0.4613% or 0.5125% which will hands down beat the cost of any SMSF. It does have limits using only the top 20-25 ASX funds but it is ideal for a little of our own portfolios as we don’t have the systems or skill set to do our own. Especially selling.
We also used for some of our own portfolio another Tech fund on our APL when we read ‘We're all running around buying iPads, smart phones, and all manner of other mobile technologies so we can keep up with... each other? And again
‘ So I'm long Microsoft and Intel, both of which have triple-A balance sheets, gush mountains of free cash flow every year, and lord it over 90% and 80% of their respective markets. Raising dividends 25%-30% a year doesn't hurt, either. At those dividend growth rates, you can buy Microsoft and Intel today and you'll be earning a double-digit yield over your original cost in about five years.’
We have used before the analogy that ‘dentists don’t pull their own teeth’. I.e. it is promoted by everyone else that investing is easy. ‘Yeah right’.
It was extremely interesting to hear from a dentist yesterday that he had the amalgams pulled from his teeth in 1990. He admitted that dentists don’t want to admit the facts on Hg = mercury & some are still doing it.
Why did we use this analogy? Very simply the big boys lie & now they are being found out. What was Wiki leaks all about & will Julian from Townsville be up for a Nobel peace price? How many governments will stay away?
Maybe the NAB is just having IT issues or maybe it’s the symptom of the fact that it doesn’t have the funds as it has lent them all out. Why is there a limit from the Banks & the shops on how much you can withdraw? What if you have the funds & can’t withdraw?
The property bubble may well be at least deflating & just maybe we maybe able to ‘steal’ them in a year’s time’.
We were comfortable today when Patrick decided to postpone buying a house for a year. After all it doesn’t make sense borrowing 90% of the house value when renting would be cheaper. It would make sense if the property market prices continue up but we wouldn’t bet the house on it. Of course the bank is quite prepared to capitalise the mortgage insurance required which means Patrick would pay another multiple back to the bank. The bank wants the mortgage insurance as it is very aware the values can deflate.
Clients of our have had their taxx returns completed & have had taxx refunds of up to 15K. They are now seeing the benefits of our active wealth strategy of paying down “bad debt’ & are now building their portfolios outside the constraints of super.
We promise that you will know more about your financial jigsaw after our meeting & we certainly won’t waste your or our time. Check out our menu whilst we discuss your wholestic needs. Maybe just drop in for Ann’s Christmas cake.
It won’t cost you anything but the effort to call us on 3848 1088 or email us on info@wealthcoach.net.au
John McAuliffe
“The government beast in your home country feeds on debt and taxes,
“The government beast in your home country feeds on debt and taxes, and the best way to win is for bright, productive people to move away with their ideas, labor, and assets. This effectively starves the beast and accelerates its collapse. Then, when the smoke clears, you can move back and help rebuild a free society.
I'd really like to know what you think-- which is the right thing to do, stay or leave? What are you planning to do?”
This is a paragraph from one of the online services that helps provide us with an alternative view of the world.
Let’s answer what we do if we stay. I.e. do you stay & fight.
Those with mortgages make up about 35% of all households & it is they, the ‘mortgage belt’ who receive all the attention when elections happen or when interest rates rise. What can they do if they are ‘to win’? They won’t ‘win’ if they keep doing what they have done in the past. As any small business knows if it keeps doing the same it will keep achieving the same.
Let’s remind ourselves of the basics for a family.
They earn say 100,000+
They pay taxx say 25,000+
They pay say a 350,000 mortgage = DEBT @ say 7.5% interest only or ~26,000
I.e. they have 50,000 left to live on which is <1000 per week.
That’s the real world for this 35% which is a real struggle for Mum & Dad. When finances are tight relationships fray & children may lose.
As our client HMC today was earning 150k+ then the story is the same struggle
I.e. Taxx say 42,000 in taxx
The mortgage is bigger say 500,000 @7.5% = 38,000
So HMC has 70,000 left to live on which will also be a struggle because he has private school preferences which many do.
As the voters have shown recently they toss a coin whether they vote blue or red. They know that it is all wasted & they know they need this taxx money more themselves but ‘the beast’ gets in there first for its 25%-37% share. And as they say there is more. It does want need your TFN so as to know where all your money is. You need to provide it to your super fund so it doesn’t charge the maximum taxx rate.
Maybe the beast will do as Hungary did & demand your private super into its coffers as it did this week. How many government pension & health care promises are unfunded?
In case you are not aware you are only the beneficiary of your super fund as super is a trust structure. Also be aware that your non dependent elder children could pay up to 15% taxx on your super on your demise.
No wonder the struggling Aussie is disinterested in their super because they consider it a taxx.
We attempt to action what the late Don Chipp stated “keep the Beast honest”. It wants the poacher to become gamekeeper. This is why the ‘beast’ wants us to be regulated taxx agents so as we do its work. Its ATO just surrendered on that iconic Aussi Paul.
We would also suggest that as the NAB showed this week & as the global system was a blink away from in October 2008 the only cash you could have is the money in your wallet. Do you have two months income say 10,000 as cash = $ in a PVC pipe in the garden as the HMC suggested today? Do you have the B & B & B or “beans, bullets & baked beans” that online literature suggests?
As Kerryn suggested this week ‘On finances, I think I should be buying some gold before it goes up any more?
Is this going to extreme? Well watch if the Euro is a functioning currency within a timeframe. The US dollar is gradually being usurped by the Yuan in China’s sphere of influence.
Then there is the 350,000+ debt that strangles a family. There is commentary that it is government borrowings that pushes up the interest rates & whilst it might be convenient to blame the banks it is simply supply & demand. Globally governments are borrowing to support both their political promises & sovereign defaults are on the horizon.
We were discussing martial arts with our neighbour this week & although we know nothing about these we understand that you have the opponent somehow helping you.
Thus let’s have the ‘beast’ or the taxx man subsidise your personal debt. This allows the 35% to effectively reduce the two mouths who feed at the family table first i.e. the taxx man & the bank. Both are playing a game of bluff & there is our active wealth strategy that may help you not ‘keeps doing the same it will keep achieving the same’.
We read today that Aussies financially befuddled.
Of course if you belong in the 65% who don’t have debt then some foresight could also save you from the ‘beast’.
We promise that you will know more about your financial jigsaw after our meeting & we certainly won’t waste your or our time.
It won’t cost you anything but the effort to call us on 3848 1088 or email us on info@wealthcoach.net.au
John McAuliffe
I'd really like to know what you think-- which is the right thing to do, stay or leave? What are you planning to do?”
This is a paragraph from one of the online services that helps provide us with an alternative view of the world.
Let’s answer what we do if we stay. I.e. do you stay & fight.
Those with mortgages make up about 35% of all households & it is they, the ‘mortgage belt’ who receive all the attention when elections happen or when interest rates rise. What can they do if they are ‘to win’? They won’t ‘win’ if they keep doing what they have done in the past. As any small business knows if it keeps doing the same it will keep achieving the same.
Let’s remind ourselves of the basics for a family.
They earn say 100,000+
They pay taxx say 25,000+
They pay say a 350,000 mortgage = DEBT @ say 7.5% interest only or ~26,000
I.e. they have 50,000 left to live on which is <1000 per week.
That’s the real world for this 35% which is a real struggle for Mum & Dad. When finances are tight relationships fray & children may lose.
As our client HMC today was earning 150k+ then the story is the same struggle
I.e. Taxx say 42,000 in taxx
The mortgage is bigger say 500,000 @7.5% = 38,000
So HMC has 70,000 left to live on which will also be a struggle because he has private school preferences which many do.
As the voters have shown recently they toss a coin whether they vote blue or red. They know that it is all wasted & they know they need this taxx money more themselves but ‘the beast’ gets in there first for its 25%-37% share. And as they say there is more. It does want need your TFN so as to know where all your money is. You need to provide it to your super fund so it doesn’t charge the maximum taxx rate.
Maybe the beast will do as Hungary did & demand your private super into its coffers as it did this week. How many government pension & health care promises are unfunded?
In case you are not aware you are only the beneficiary of your super fund as super is a trust structure. Also be aware that your non dependent elder children could pay up to 15% taxx on your super on your demise.
No wonder the struggling Aussie is disinterested in their super because they consider it a taxx.
We attempt to action what the late Don Chipp stated “keep the Beast honest”. It wants the poacher to become gamekeeper. This is why the ‘beast’ wants us to be regulated taxx agents so as we do its work. Its ATO just surrendered on that iconic Aussi Paul.
We would also suggest that as the NAB showed this week & as the global system was a blink away from in October 2008 the only cash you could have is the money in your wallet. Do you have two months income say 10,000 as cash = $ in a PVC pipe in the garden as the HMC suggested today? Do you have the B & B & B or “beans, bullets & baked beans” that online literature suggests?
As Kerryn suggested this week ‘On finances, I think I should be buying some gold before it goes up any more?
Is this going to extreme? Well watch if the Euro is a functioning currency within a timeframe. The US dollar is gradually being usurped by the Yuan in China’s sphere of influence.
Then there is the 350,000+ debt that strangles a family. There is commentary that it is government borrowings that pushes up the interest rates & whilst it might be convenient to blame the banks it is simply supply & demand. Globally governments are borrowing to support both their political promises & sovereign defaults are on the horizon.
We were discussing martial arts with our neighbour this week & although we know nothing about these we understand that you have the opponent somehow helping you.
Thus let’s have the ‘beast’ or the taxx man subsidise your personal debt. This allows the 35% to effectively reduce the two mouths who feed at the family table first i.e. the taxx man & the bank. Both are playing a game of bluff & there is our active wealth strategy that may help you not ‘keeps doing the same it will keep achieving the same’.
We read today that Aussies financially befuddled.
Of course if you belong in the 65% who don’t have debt then some foresight could also save you from the ‘beast’.
We promise that you will know more about your financial jigsaw after our meeting & we certainly won’t waste your or our time.
It won’t cost you anything but the effort to call us on 3848 1088 or email us on info@wealthcoach.net.au
John McAuliffe
the opportunity to purchase Apartments at Zetland.
We are very pleased to be able to offer you the opportunity to purchase Apartments at Zetland.
These are located on Victoria Park Parade in Zetland, just a short distance from the Sydney CBD (5 kilometres), the Eastern Suburbs and beaches.
Each of the one, two and three bedroom apartments (total of just 70) feature timber floors in the living areas, stone bench-tops and quality European appliances.
Many apartments come with at least one security car space (there are City of Sydney Council restrictions on one bedroom apartments so these do not have car spaces unfortunately).
The development and design teams have a strong history in residential property projects. The developer, P & J Projects, has a long history of development in Sydney (think Yellow House, Potts Point) and has engaged the services of a professional team to deliver to prospective purchasers. Renowned architects Tzannes Associates and builders Hutchinson round out the impressive team.
Development Essentials;
· One bedroom apartments from $425,000
o Rental estimates $450 to $490 per week
· Two bedroom apartments with parking from $555,000
o Rental estimates $550 to $650 per week
The apartments feature
2.7m ceilings
Miele & SMEG appliances
Timber boards in living areas
Caesarstone bench-tops
You are welcome to contact us on 07 3848 1088 or email for the following documents for your perusal;
Sample floor plates (plans to come)
Architectural images
Schedule of Finishes
Due for completion around March 2012 Stella represents a great opportunity to purchase a quality apartment now with zero stamp duty for sub-$600,000 apartments.
If you are interested in this project please contact us directly via email or phone on 07 3848 1088 and we would be very pleased to assist.
The project is launching this weekend; you will be able to purchase an apartment as early as Saturday morning 13th November 2010 from 8:00am by appointment with our referral partner Barry Porter.
Kind regards
John McAuliffe
These are located on Victoria Park Parade in Zetland, just a short distance from the Sydney CBD (5 kilometres), the Eastern Suburbs and beaches.
Each of the one, two and three bedroom apartments (total of just 70) feature timber floors in the living areas, stone bench-tops and quality European appliances.
Many apartments come with at least one security car space (there are City of Sydney Council restrictions on one bedroom apartments so these do not have car spaces unfortunately).
The development and design teams have a strong history in residential property projects. The developer, P & J Projects, has a long history of development in Sydney (think Yellow House, Potts Point) and has engaged the services of a professional team to deliver to prospective purchasers. Renowned architects Tzannes Associates and builders Hutchinson round out the impressive team.
Development Essentials;
· One bedroom apartments from $425,000
o Rental estimates $450 to $490 per week
· Two bedroom apartments with parking from $555,000
o Rental estimates $550 to $650 per week
The apartments feature
2.7m ceilings
Miele & SMEG appliances
Timber boards in living areas
Caesarstone bench-tops
You are welcome to contact us on 07 3848 1088 or email for the following documents for your perusal;
Sample floor plates (plans to come)
Architectural images
Schedule of Finishes
Due for completion around March 2012 Stella represents a great opportunity to purchase a quality apartment now with zero stamp duty for sub-$600,000 apartments.
If you are interested in this project please contact us directly via email or phone on 07 3848 1088 and we would be very pleased to assist.
The project is launching this weekend; you will be able to purchase an apartment as early as Saturday morning 13th November 2010 from 8:00am by appointment with our referral partner Barry Porter.
Kind regards
John McAuliffe