Beating The Holiday Spending Hangover

Beating The Holiday Spending Hangover

Saving Money/Budgeting
Budgeting can be a difficult task at the best of times – with the extra and unexpected expenditures of food and most significantly alcohol. Now that the festive season is upon us, even more spending is required and food and alcohol aren’t extra and unexpected – they are the norm and essentials to get through the family gatherings. Most Christmas shopping does not go as planned and you seem to have spent double than what you wanted, not to mention the little extra present for yourself for the hard work of walking around with hundreds of other happy Christmas shoppers. So let's say, your normal budget throughout the year has been working well; there is the off-budget purchase every now and again but nothing too drastic. What happens now that…
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AUD Falls But Where Next?

AUD Falls But Where Next?

Business, Investments
Financial market has continued to respond to the implications of incoming economic policy, re-emergence of trade barriers on global supply chain (including Australia) pivot prior to the US presidential election. Amid US investors/traders optimism about rising interest rates resulting from the Trump administrations economic policies and ongoing strength in the US economy, our local currency has dropped to its lowest level over the past six months. Following the Federal Open Market Committee (FOMC) monetary policy announcement we have seen the AUD fall to 72.52 US cents on Tuesday (per Bloomberg Markets). Westpac chief market strategist Imre Speizer has noted that “Momentum remains negative, thanks to the post-Federal Open Market Committee surge in the US dollar last week, with the next major multi-day target around the 72 US cent area.”. Since…
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Growth Investing Is A Fool’s Game…

Growth Investing Is A Fool’s Game…

Investments, Shares
As a growth investor, the last month has been one of mixed feelings. The market overall has gained and some old warhorses have seen their stocks rise. Yet, the fact is, as we waded our way through reporting season many of the markets ‘best’ growth stocks have crumbled. Dominoes is down 20% from its highs. Isentia down near 40% from its highs. Aconex is down nearly 50% from its highs. Over the last month the list has grown. And grown. And grown. The commentary is near identical. The first half has been tougher than we thought to generate sales growth. More competition. More competitive pricing behaviour squeezing margins. Delayed purchasing decisions. All of that sounds like normal business me. It happens. Sales growth is never linear yet market analysts always…
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Another Option For First Home Buyers

Another Option For First Home Buyers

Home Loans
Many loan brokers are spruiking the ability to use the $20,000 first home buyers construction grant as a deposit to purchase your first home, but did you know there was another option? This option is called a family guarantee. One such family guarantee loan allows for a maximum loan amount equal to 110% of the confirmed value of the purchase property. This allows you to fully fund the new property from your loan along with the bank, government and legal fees (up to 10% of the property value). The catch is the guarantee which requires a family member (ie; parents) to allow the bank to use their property as security. The other catch is that the total debt between you & your parents must be less than 80% of both…
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Specific Injury Cover For Sports Players Is A Must

Specific Injury Cover For Sports Players Is A Must

Insurance
In my spare time I coach a Men's Soccer team here in Toowoomba. As I started planning on my fifth season as coach, I reflected on the past and one thing stuck out at me: In my 4 years as coach I’ve seen on average 2.5 serious injuries (broken bones, ACL tears etc.) each year in our squad of 40-or-so players. So let’s say this is a 1 in 16 chance a player will suffer major injury. For some players a major injury isn't an issue. For others it's going to stop you from working and earning an income. But the other cost we don't think about is whether any of us can afford the cost of the injury, treatment & rehab. After discussing the injuries suffered by my players,…
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A Trump Win Provides A Timely Investment Lesson

A Trump Win Provides A Timely Investment Lesson

Business, Events, Investments, Shares
After an interesting past 24 hours, today we are reminded of one of the key rules to investing: knee-jerk reactions are never the best. As a Trump victory became increasingly apparent Asian markets collapsed with many traders rushing for the exits with fears of financial Armageddon. Then we wake up this morning hearing the news that rather than the US market dropping 5% as futures markets predicted, it instead, rose. A Brexit like response. Our philosophy is investing in businesses and not in trading sentiment, that is a fools game. The simple reality, if we’d followed the herd yesterday we would have lost money. So another reminder: Never follow the herd. But what a Trump presidency does is throw up potential new investment themes that perhaps we can take advantage…
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1 Share I’d Buy Today

1 Share I’d Buy Today

Shares
We often get asked what share we would buy. Well, we’re going to start a series. The idea is to identify opportunities that exist and to show you that investing isn’t about having a lot of money but rather a lot of patience and consistently working at it. Now while ‘hot tips’ can sometimes win, at Accession3 we are more interested in long term, sustainable wins. Markets move each and every day and more often than we’d like, it’s not the way that you want it. And while Warren Buffett is famous for saying that he’d just invest all his money in index funds, the reality is if you did that you would’ve made nothing. Just look at the ASX 200... Clearly, it’s lower now than it was in 2006…
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Investing Takes Time

Investing Takes Time

Investments
One of our key rules to investing is that it can and mostly likely, will take time to see the results you want. While some believe in trading in-and-out of shares and riding trends and other lines we believe in investing in business. Business needs time. The problem with time is you never know how much you need or have. Today's car crash for AMP saw the final vindication of an investment decision we made all the way back in 2011. Back then we suggested selling AMP Limited (ASX: AMP) shares on the back of the soon-to-be acquisition of AXA Asia Pacific and that a better investment would be Challenger Limited (ASX: CGF). The basis of our decision at the time was that in Purchasing AXA Asia Pacific at the…
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The Loanmarket  Mortgage Health Check Is Available Now!

The Loanmarket Mortgage Health Check Is Available Now!

Investments
Why is it important to check the interest rate you are paying? If you are living off your cash investments, then the interest rate you receive is so important and you would always be on the lookout for better rates! If you are buying a TV you don’t take the first one that takes your eye, you shop around for a better deal and that’s on a $500 TV! Yet how many investors in the property market check the interest rate they are paying their current lender and you may have lending around $500,000 with rates in the high 4% range? When has a lender ever called you personally and offered to drop your rate! Example of possible savings A saving of 0.75% on a $500,000 loan could save you…
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Lost Super

Lost Super

Superannuation
Would you notice if you lost a couple of hundred dollars out of your wallet? What if each dollar of that was going to be worth $7 in retirement? The ATO has recently released figures which show that the Toowoomba population is the 3rd highest city in the country for “unclaimed super”, with a balance of $45.27 million currently held by the tax office. AFSA has indicated that according to their calculations, every dollar you find and put into your superannuation before age 34 could mean up to seven extra dollars of super savings in retirement. With the constant talk of superannuation investment performance and fees, we think this aspect of investing is all too often ignored, so we are offering to search for your “lost and unclaimed” super today…
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