John Cameron's personal blog

Serious discussion about your financial position now - and in the future.

What Is It With Banks And Their Culture?

ASIC has recently penalised banks (again) for failures in their financial planning divisions.

This time it was for charging customers “advice fees”, which entitled the customers to annual reviews. However, no reviews were carried out.

Whatever happened to good old fashioned service? you might ask.

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5 Things To Think About When Choosing Between Active And Passive Investment.

One of the most hotly debated areas in investment is whether you should invest in actively managed funds, or index funds. As is often the case, these debates often generate much more heat than light.

The difference is that actively managed funds seek to select assets (let’s focus on shares, but the same principle applies to other asset classes such as bonds), whereas index funds simply look to track a given index and buy shares to mirror the index, without worrying about the merits of any particular company.

Let’s look at the logic.

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On Dividends, Compounding, and Time Periods.

Einstein reportedly said he regarded compound interest as the eighth wonder of the world.

Some facts and figures that I recently saw in The Financial Times, well illustrate why he might have said that. 

First, let’s look at some of the figures, then turn to what they might mean for Mum and Dad investors.

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Three Things Age Pensioners Need To Do!

The assets test affecting age pensioners will change on 1st January, 2017.

The effect will vary from person to person (or couple to couple), depending on circumstances. Broadly speaking, those who have smaller amounts of assets may see their pensions rise, whereas those with bigger amounts, could see their pensions reduce, or cease altogether.

In order to avoid nasty surprises, people receiving an age pension, should undertake the following three steps:

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More On The Culture Wars

It seems that the “culture wars” continue spreading, and have now reached the corporate regulator, ASIC, itself. 

Remember, we are dealing with culture as being the values and norms that an organisation holds and which drives much behaviour, not culture as in music, statues and paintings.

Before continuing, let me wind back a few months.

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