Aussie Taxpayers to give $8Bn to buy Mortgages off Non-Bank Lenders

I’m writing to any Australian financial commentator out there to ask about the Non-Bank Lenders. I haven’t seen any details on the money being handed over to them from the government. I believe they met with government officials last week to put their cases. I’m just wondering if anyone in the media is keeping a […]

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The Danger of Trusting the International Monetary Fund Reports

When I researched the IMF the other day I was struck by its lack of any serious authority to act on its surveillance and monitoring roll. The IMF got my attention when the Australian PM Kevin Rudd had a press conference a few days ago to tell the Australian people how well Australia is doing […]

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John P Huggard’s Response to My Questions on Living Benefit Variable Annuities

I have written three posts on Living Benefit Variable Annuities over the last month. I believe they should be given serious consideration as part of any Baby Boomer’s retirement pension plan.  (For those Aussie Readers this post is more relevant in the US.) After my post, “Guaranteed Income for Life for Baby Boomers” a friend […]

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Are Australian Banks Safe II

“Me thinks he doth protest too much”, may well be appropriate here. I saw Rudd-747 interviewed by Kerry O’Brien on ABC 7:30 Report Thursday night and he was wriggling like an eleven year old school boy about to get the cane. I can understand he was reluctant to answer Kerry’s very direct questions about the […]

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IMF Surveillance Raised the issue of Sub Prime in May 2007

The IMF has a mandate for surveillance of the international monetary system. I thought I might take a look at how well the surveillance was carried out.The IMF appears to have been right on the money BUT… It does appear it is really a paper tiger when it comes to doing anything to influence nations. […]

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Channel 9’s 60 Minutes Program Wants Your Retirement Story

Hugh Nailon from Australia’s Channel 9, 60 Minutes program asked me to post this request for Baby Boomers in Retirement. I think it is important to get as much exposure as possible about how the wealth management industry has failed at its single task of protecting our nest eggs. So please call Hugh and tell […]

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My eBook has Saved Me Thousands of Dollars

I redeemed my retirement nest egg from a WRAP Account manager in November 2007 because of the research I did on the Internet about how retirement funds work and the problems associated with them. My timing was perfect but  I believe I was very lucky. Had my financial planner given me good reasons to stay […]

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It was the best of times, it was the worst of times

As Charles Dickens opening sentence in the classic “Tale of Two Cities” says when we look back on this market we will say, “It was the best of times, it was the worst of times”. We’ll say it was the worst of times because many of you have lost a large portion of your nest […]

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