The Danger with Using Percentage Returns in Retirement

Not a day goes by when some financial guru tells you to stick with the plan and leave your money alone, even when the markets are tanking. They say you should not worry because this sort of market turmoil happens every 5-7 years. Well hello Mr financial planner, if you know it happens every 5-7 […]

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The Myth that House and Stocks Prices Always go up Exposed at last

The great self-funding retirement experiment using the current mutual fund model is over. It was based on the false premise that stocks always go up in the long run. It forgot the periods when it doesn’t. This also holds true for house prices which is the primary cause of the sub prime melt-down. Both myths […]

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Are Australian Banks Safe – Have a Plan just in case they are not

Right now my super funds are in the big four banks sitting in transaction accounts earning from 6.9% to 7.75% interest. I have Google Alerts set to send me any news item related to Australia’s Big Four Banks as they appear on the Internet. I’m watching and waiting! I have Internet access to each account […]

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Asset Allocation and Diversification is Dead

The wealth managers version of Asset Allocation and portfolio diversification is dead. It was never designed to protect your money in the first place. It was designed to provide a constant stream of income for the fund managers and the financial planners. Why do you think the banks paid such large sums of money for […]

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Baby Boomers realise they need to take control of their Nest Egg

Thank you to all those people, baby boomers and others who have purchased my eBook this week. Taking any action to get informed about your nest egg and learn about what you can do to protect it is a good thing. At last the newspapers actually have articles talking about the danger this bear market […]

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Julia Gillard Says Not to Worry – That’s a Call to Action to Protect Your Nest Egg

I am actually a fan of Julia Gillard’s and believe she should have been the PM. But as the Acting PM for Australia telling us all not to worry and referring to a June IMF report pre-dating last weeks market gyrations means she is putting the “spin” on things. The role of government includes calming […]

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We Need the Wall Street Risk Takers But….

The world needs the guys on Wall Street to take risks in order for us to make some money too. How would you feel about signing a $1B deal for some investment? It would probably make you feel sick at the thought. That’s why we need the Wall Street guys to perform this open heart […]

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My Top Posts For Baby Boomers in or close to Retirement

I had an influx of new visitors to my blog today thanks to Annette Sampson who writes for the Sydney Morning Herald. Annette wrote a great article on Baby Boomers and how taking a large loss on your nest egg in retirement can make it very difficult to recover from, especially when you are taking […]

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