This issue of Wealth Adviser includes:
- The Psychology of Money by Morgan Housel. Our emotions and behaviours impact our financial decisions. Through a series of short stories, Housel shows how emotions, personal experiences, and cognitive biases influence our approach to money. Explore the why behind financial choices and discover how financial success may be linked to how you behave.
- Boom or Bust? Understanding the forces shaping Australia’s Property Prices. Australian house prices not only reflect economic prosperity, but are also a key part of many Australian’s wealth. A number of market factors could point towards growth or decline in real estate markets including interest rates, economic growth and government policies. There are some investment strategies that may help mitigate risks in uncertain times with a fragmented market.
- Aged Care Reform: The Consumer Protection Challenge and What It Means for You. Due to our aging population there is a surge in demand for aged care. This is a complicated area both financially and legally, not to mention emotionally. Regulatory changes aim to improve consumer rights and safety in aged care. Transparency, accountability and quality standards should enhance the overall experience of those in aged care.
Q & A
- I recently heard about testamentary trusts after my friend completed his estate planning with his. How do they work?
- My friend told me that when I pass away, my super might be taxed before it’s distributed to my children. How does this work?
- I noticed on my super statement that there were different fees listed. What are these fees for, and should I be worried they will affect my balance?
If you would care to share your experience with me, please comment below!