John Cameron's personal blog

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

What’s In A Name?

We call our business “Black Swan Event Financial Planning” for a very specific reason – to keep reminding ourselves that, despite the best efforts of the legions of financial analysts in the world, there is an awful lot that nobody knows when it comes to giving financial advice.

Too often the exercise of doing projections provides a false sense of certainty about how somebody’s position may evolve over time. It’s almost as if the exercise of coming up with numbers enhances the certainty of a future outcome – without looking into the assumptions behind the calculations. Then, hey presto, some unanticipated change happens, and the projections go out the window.

Changes of this kind are known as “Black Swan Events”, and the crunch is that they happen far more often than theory dictates. This point (the fact that things changed in big ways much more often than they were meant to) was noticed by Nazim Taleb, and formed the basis of his book, “The Black Swan, The Impact of the Highly Improbable”. It also enabled him to pursue a very successful career as a New York fund manager.

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Back in the Top 10

The video Securing your Future: featuring John Cameron was in the top 10 of the most viewed videos on The West Australian website Monday (12th Sept 2016).

"Different decades, different investment returns" 

You can watch it here: Securing your Future

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It’s The Plan, Stupid.

George Bush lost the 1992 election to Bill Clinton by focussing on the wrong thing. Bush focussed on his record, and success in Gulf War one. Clinton focussed on the economy and jobs, and won the election, thus giving rise to the saying “It’s the economy, stupid”. In other words, focus on the right thing.  Often it is right in front of you, and afterwards you can seem stupid for not spotting it.

It’s much the same when it comes to planning your financial future.

Too often we see people focussing on particular financial products as a cure to their financial ills. Often the discussion goes along the lines of, “Should we have an allocated pension?” or, “Is an annuity the answer?” or “Is superannuation worth it?” or …….

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Securing Your Future - the most viewed item on The West Australian website

'Securing Your Future' was the most viewed material on The West Australian’s website yesterday. It’s the online version of The West’s financial planning supplement. 

The West Australian newspaper published a financial planning supplement yesterday 'Securing Your Future' (Monday 22 August 2016). I contributed an article to the supplement and participated in a video for The West's website. You might like to read the articles online - there is some useful material. 

Click on this link to view my article and video about different investment returns in various decades: https://au.news.yahoo.com/thewest/a/32389394/sequencing-and-retirement-income/#page1 

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What you need to know on Sequencing and Retirement Income

What you need to know on Sequencing and Retirement Income - John Cameron - The West Australian on August 21, 2016, 6:00 am. Video Presentation & Article: Different decades, different investment returns.

https://au.news.yahoo.com/thewest/a/32389394/sequencing-and-retirement-income/#page1

Securing Your Future' was the most viewed material on The West Australian’s website yesterday. It’s the online version of The West’s financial planning supplement.  Read more here: http://us3.campaign-archive1.com/?u=1e6f34af574ca6cbaf30d3e8a&id=4d4b85dde5 

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