The Money Men: Recent Episodes
Steve May
Steve and Luke are the Money Men. In the coming episodes they will talk casually about a range of topics and invite their listeners to suggest future topics and questions.
Listen in as Steve, Luke and Nick discuss the markets, their wins of the fortnight and the performance of super funds for the 2023-24 financial year.
Join Nick and Steve as they briefly chat about the markets over the past fortnight, then talk with Chelsea Robinson of Careplan Advisory about the considerations, costs and strategies surrounding entering Aged Care.www.careplanadvisory.com.au
www.myagedcare.gov.au
🎙️ Welcome to the latest Money Men episode.
Join us this fortnight as we dive into the latest market review, and discuss the latest financial topics.
In this episode, we'll celebrate our wins of the fortnight 🏆 and cover the following topics:
Listener Question - What are the benefits of a TTR (Transition to Retirement) strategy?
The Traps and Pitfalls of Rental Properties: Understand the common challenges and how to avoid them. 🏠
Novated Leases: Essential questions to ask your lender before committing. 🚗
Don't forget to subscribe, share with a friend, and join the movement to take control of your financial future! 💪🎧
The Money Men
Revisit our very first Money Men Podcast episode from the early days of 2020 🎙️. Witness the eerie accuracy of a COVID forecast on Investment Markets 🦠😮.
Join us for a reflective journey through historical events and arm yourself with the tools necessary to make savvy financial decisions 💼💰.
In this episode, Steve and Luke engage in a dynamic discussion covering fundamental concepts such as long-term wealth creation, the Rule of 72, barriers to financial prosperity, redefining the "retirement age," and the significance of Income Protection Insurance.
(Note: Please be aware that Income Protection Insurance products have undergone significant changes since the recording of this podcast. Some discussed concepts may no longer be relevant in the current landscape.)
🎙️ Welcome to the latest Money Men episode, where we bring you the latest financial updates, celebrate our wins, and today deep dive into the residential property market with a special guest.
In this episode:
Market Updates:
📈 Stay informed with the latest financial market trends and developments.
Fortnightly Wins:
🏆 Join us as we celebrate our successes and highlight the achievements of our listeners, showcasing the power of strategic financial planning.
Special Guest: Andrew Kaprilian (Real Estate Agent)
🏠 We're excited to have Andrew Kaprilian join us to provide a comprehensive update on the residential property market. Together, we'll cover:
-Current state and outlook of the residential property market.
-Selling strategies used by agents.
-Tips for buying and selling in the property market.
Don't miss out on these valuable insights! Tune in to stay ahead in your financial journey. Like, comment, and share with your friends and family! 🌟
Steve, Luke and Nick chat about the markets over the past fortnight, their wins, the federal budget announcements, and some handy end of financial year tips. Enjoy!
🎙️ Welcome to the Money Men Podcast! In today's episode, we'll cover recent market trends, celebrate financial successes, and discuss key topics for your financial well-being.
Market Updates:
📉 All Ordinaries:
📉 S&P 500: Down
📉 Dow Jones:
Residential Property market updates to be covered.
We'll analyse these trends and their impact.
Wins of the Fortnight:
Stay tuned for inspiring stories of financial victories.
Featured Topics:
Understanding Offset & Redraw Accounts:
💳 Learn how to optimise your finances with these tools.
Consider the NSW State Trustee Will Service:
⚠️ We'll discuss the risks and offer guidance on estate planning that must be considered.
Tune in for valuable insights and remember to subscribe and leave a review!
🎉 Welcome back to The Money Men! Get ready for another insightful episode packed with valuable financial insights and strategies to optimise your wealth management journey.
Market Updates:
📊 ASX All Ordinaries
📈 S&P 500 & Dow Jones
🏡 Residential Property
Wins of the Fortnight:
Stay tuned as we highlight the remarkable success stories, showcasing the power of strategic financial planning.
Featured Topics:
$1 Invested 123 Years Ago:
💰 Discover the astounding potential of compounded returns!
(Link to infographic):
https://files.marketindex.com.au/files/statistics/historical-returns-infographic-2024.pdf?_gl=1cvjn2r_gaNzc5NTA2NDA3LjE3MTE1MjA2NTY._ga_R504V9JPBH*MTcxMTU5Mzc2MS4yLjEuMTcxMTU5Mzc5NC4yNy4wLjA).
Creating a Will / Estate Planning:
✍️ Ensure your legacy is protected with comprehensive estate planning. We'll cover essential considerations.
Choosing a Retirement Date:
🕒 Delve into the crucial factors to consider when selecting your retirement date.
Don't miss out on this enriching discussion! Tune in to Money Men and take charge of your financial future today. 💰📈 And don't forget to leave us a review to let us know how we're doing!
🎉 Welcome to another episode of the Money Men Podcast, where we dive into the latest financial currents as we sail into 2024! This episode is brimming with essential market insights and enriching discussions designed to supercharge your financial strategies for the new year.
Market Updates:
📊 Join us as we dissect the performance of major indices fortnight performance.
📈 ASX: Analysing the Aussie market's pulse.
US S&P 500 & US Dow Jones: Insights into the heartbeat of the US economy.
🏡 Residential Property Trends: The latest in the housing market.
Fortnightly Client Wins:
🏆 Celebrate with us as we spotlight our clients' financial triumphs. From savvy investments to key financial milestones, these stories not only inspire but demonstrate the real-world impact of effective financial planning.
Featured Topics:
Stage 3 Tax Cuts Unveiled:
💰 Tax Transformation: Dive deep into the anticipated Stage 3 Tax Cuts. We'll break down what it means for you, the opportunities it presents, and how to prepare for these changes.
Innovative Alternatives to Downsizing:
🏡 Thinking Beyond Downsizing: Discover creative strategies for optimising your living situation without downsizing. From equity release schemes to other concepts, explore the possibilities that align with your goals.
📣 Spread the Word:
Before we part ways, a reminder to share the wealth of knowledge! If today's episode sparked new ideas or gave you valuable insights, invite a friend or colleague to tune into the Money Men Podcast. 🚀 🎙️
👥 Stay Engaged: Don't forget to follow us on your favourite podcast platform and share your thoughts in the reviews. Your engagement fuels our mission to demystify finance for everyone.
Join the Conversation: We're more than just a podcast; we're a community. Connect with us on social media to keep the conversation going and to stay updated on all things Money Men.
Welcome back to the latest episode of Money Men, your go-to podcast for all things finance! In today's episode, we dive deep into the world of money management, covering the latest market updates, celebrating wins of the fortnight, and delving into three pivotal topics shaking up the financial landscape. Join us as we explore Warren Buffett's sage advice, dissect the groundbreaking move of superfunds into social housing, and unravel the strategies empowering first-home buyers in Australia. 💼💡
Market Updates:
📈 Explore the latest market trends with our analysis of key indices:
📊 All Ordinaries
📈 S&P 500 & Dow Jones
🏡 Residential Property
Fortnightly Wins:
Celebrate financial victories as we highlight success stories and noteworthy achievements in our days jobs. From personal finance triumphs to business milestones. 🎉💰
Featured Topics:
Unlocking Warren Buffett's Investment Wisdom:
Delve into the legendary investor's annual letter to shareholders as we unravel the pearls of wisdom shared by Warren Buffett. Gain valuable insights into Buffett's investment strategy, the importance of intrinsic value, and the enduring power of long-term thinking. 💡💼
Superfunds' Social Housing Revolution:
Witness a groundbreaking leap in the financial world as major Australian superfunds join forces with IFM Investors to tackle the social housing crisis. Explore the implications of this bold investment move, its potential to transform social housing supply, and the considerations guiding superfund investments. 🏠💰🌏
Empowering Aussie First Home Buyers:
Navigate the challenging landscape of Australia's property market with expert strategies tailored for first-home buyers. Discover government initiatives such as Help to Buy and the First Home Loan Deposit Scheme and learn how these programs are making homeownership a reality for young Australians. 🔑
Thank you for tuning in to Money Men! Don't forget to subscribe for future episodes packed with actionable financial advice. Have questions or suggestions? Reach out to us on social media or via our website. Until next time, stay financially savvy and keep reaching for your financial goals! 🚀💰✨
🎉 Welcome back, Money Men enthusiasts! Join us for another enlightening episode packed with market insights and engaging discussions to supercharge your financial journey in 2024.
Market Updates:
📈 Explore the latest market trends with our analysis of key indices:
📊 All Ordinaries
📈 S&P 500 & Dow Jones
🏡 Residential Property
Fortnightly Wins:
🏆 Celebrate the successes of our clients, showcasing the impact of strategic financial planning on real-world achievements.
Featured Topics:
Deciphering Wealth: A Comprehensive Guide:
💡 Gain insights into wealth creation strategies, including optimising cash flow and smart investing practices.
Mastering Tax-Deductible Super Contributions:
💰 Unlock the secrets of tax-deductible super contributions, from salary sacrifice to personal contributions, and maximise your retirement savings.
📣 Don't forget to share the financial wisdom! Invite others to join our Money Men community and embark on a journey towards financial empowerment and success in 2024. 💰 🎙️
Markets Update:
📈 Let's kick off with the latest market movements:
📊 ASX
📈 S&P 500 & US Dow Jones
🏡 Residential Property
Wins of the Fortnight:
🏆 Stay tuned for exciting updates on the wins our community has achieved over the past fortnight. Success stories, big or small, contribute to our shared financial growth.
Introducing Nick Shanley:
🎙️ We have a special treat for you in this episode! Steve and Luke are thrilled to introduce a new addition to The Money Men Podcast – Nick Shanley. As a fellow Money Man, Nick will be sharing his expertise in future episodes, offering unique insights to enrich your financial journey.
Topics:
Client Advisory Excellence:
💼 Luke takes the stage to discuss navigating a complex Insurance claim. This case study highlights the pivotal role of a knowledgeable advisor in securing optimal outcomes for clients facing intricate financial challenges.
Long Term Investing, Motivated Money:
📧 Explore a deep dive into long-term investing and the nuanced perception of risk. Our hosts emphasise the importance of a strategic approach to wealth building and the motivation behind making informed financial decisions.
(Link to motivated money) - https://motivatedmoney.com.au/
Economic Insights
📰 Drawing insights from a recent news media article, we delve into the market's anticipation of cash rate reductions. They challenge assumptions rooted in historical cash rate averages, questioning the likelihood of economic stimulation on the RBA Board agenda.
🔊 Don't miss out on the financial enlightenment! Subscribe, share, and stay tuned for more episodes where The Money Men Podcast brings you the latest in finance, now with the added expertise of Nick Shanley, your newest Money Man.
🎉 Happy New Year, Money Men enthusiasts! As we kick off the year, join us for a fresh episode filled with market updates and insightful discussions on the latest financial happenings. We're here to help you navigate the exciting world of finance in 2024.
Market Updates:
📈 Dive into the latest market movements as we analyse the performance of major indices:
📊 ASX
📈 S&P 500 & US Dow Jones
🏡 Residential Property
Fortnightly Client Wins:
🏆 Before we delve into the latest financial topics, we want to celebrate the victories of our clients. From successful investment strategies to achieving financial milestones, we're thrilled to showcase the real-world successes that highlight the positive impact of sound financial planning.
Topics:
CBA's "Buy Now, Pay by Instalments" Product:
🏦 Commonwealth Bank has rolled out a new "buy now, pay by instalments" product. We weigh the pros and cons, exploring the ‘no-interest’ feature against the potential fees involved.
Super-Secret Revealed: Earnings Outweigh Contributions:
🕵️♂️ Ever wondered about a super-secret in the world of finance? Uncover the hidden truth about how earnings can far outweigh contributions in your super fund.
SMSF Expenditures - What Can You Pay For?
💸 Navigating the world of Self-Managed Superannuation Funds (SMSFs) can be tricky. The Money Men shed light on what an SMSF can pay for, providing clarity on managing your retirement funds.
📣 Before you go, don't forget to spread the financial wisdom! If you enjoyed today's episode, tell a friend, family member, or colleague to join the Money Men community. Together, let's make 2024 a year of financial empowerment and success. 💰 🎙️
Greetings and a Merry Christmas to our Money Men community! As we close the curtain on 2023, join us for our final episode of the year – a festive blend of reflection, financial insights, and holiday cheer. Please note that our next episode will hit the airwaves in the third week of January.
Market Insights:
First up, let's take a look at the markets over the past fortnight. Our analysis suggests a probable period of stability in the coming month, providing a valuable window for strategic contemplation and planning. What a way to start the new year with a clear financial perspective!
Fortnightly Wins:
Celebrate the Wins of the Fortnight with us as we showcase inspiring stories and remarkable achievements in the financial realm. From noteworthy investments to ingenious financial manoeuvres, these wins serve as both motivation and education for our community.
Featured Topics:
In this episode, we tackle the common financial pitfalls many encounter on the road to retirement. Join us as we explore "10 Common Financial Mistakes Before Retirement," arming you with knowledge to secure your financial future.
Ever wondered about the impact of interest rates on managing debt? Look no further. Our hosts break down the intricacies and offer practical advice on navigating debt in a fluctuating interest rate landscape. It's your guide to making informed decisions for a financially optimised future.
As we bid adieu to 2023, our hosts express gratitude for your continuous support. The Money Men podcast will be taking a brief break until the third week of January, but before we go, we encourage you to leave a review, share your thoughts, and help us grow the movement.
Wishing you a Merry Christmas, a Happy New Year, and looking forward to reconnecting in 2024 for more insightful discussions, expert interviews, and empowering financial guidance. Until then, stay merry and financially savvy!
Join Steve and Luke in this edition of the Money Men Podcast as they navigate the dynamic world of finance and investments over the past fortnight. In this episode, they delve into a range of topics, sharing their insights and experiences to keep you informed and inspired.
Fortnightly Wins:
Luke shares a captivating encounter with an ex-service member, offering valuable wisdom. Meanwhile, Steve recounts successful moments helping clients achieve their retirement goals. Tune in to discover the human side of financial victories.
Market Insights:
Stay ahead with the latest updates on the markets as Steve and Luke dissect current trends and developments, providing you with valuable perspectives on navigating the financial landscape.
Featured Topics:
- Gold as Investment: Uncover the nuances of Gold as an investment with the Money Men. Steve and Luke discuss why a cautious approach with both eyes open is essential for anyone considering Gold investing.
- The Bank of Mum and Dad: Explore the role of parents in aiding their children's journey onto the property ladder. Gain insights into the various ways parents are contributing to their children's financial well-being.
- The Ideal Retirement Age: While the topic might seem familiar, the Money Men offer a timely reminder and engaging discussion on the ideal retirement age. Whether you're planning for your golden years or helping others in their retirement journey, this segment is a must-listen.
Join Steve and Luke as they share their expertise, stories, and tips to empower you in your financial endeavors. Don't miss out—tune in to the latest episode of the Money Men Podcast!
Enjoy the journey to financial wisdom and success!
This fortnight the Money Men cover:
The Markets.
Fortnightly Wins.
We also delve into:
-Financial product companies, who topped the naughty list for 2023.
-Superfunds mislead existing and potential members on fund performance.
-Why the average investor needs to, well, stay average. Index Investing versus Active…
Enjoy the latest episode.
Don’t forget to leave a review or add a comment if you enjoyed the episode.
This fortnight Luke returns after a hiatus, but it's good tohave the Money Men back together.
We cover the markets, as lots can happen (as it alwaysdoes).
We also get to introduce a returned guest of the podcast, Real Estate Agent Andrew Kaprilian of Creer Property, to discuss all things property.
Andrew covers:
-The current residential property market – locally and generally
across the country.
-Andrews's view as to the outlook.
-What are the current selling strategies being used by various
agents? (auction, price range, other).
-Buying and selling tips – A refresher for listeners.
Enjoy the latest episode.
This Fortnight Steve and Luke catch up to discuss all things Money.
We cover:
The Markets.
Fortnightly Wins.
Gifting Rules in Australia, and what to consider when gifting money.
Qantas’s fall from grace.
Where to Invest Money, if you have some extra but don’t know where to start.
Enjoy the latest episode, and don’t forget to share, like, or comment : )
This fortnight Steve and Luke cover:
The Markets.
Fortnightly Wins.
Different Money Mindsets, what are they, and what can you do to manage them.
Credit Cards. Are you using yours correctly, and if not, should you actually have one?
Economic update, Steve and Luke give their 2 Cents.
Enjoy the latest episode.
This fortnight The Money Men cover:
Fortnightly Wins (How Luke helped a client save over $14k in various taxes at retirement).
The Markets.
Unpacking common financial misconceptions, such as:
Is the Retirement age 67?
Are Shares Risky?
Is property a surefire way to make money?
Enjoy the latest episode!
This Fortnight the Money Men cover:
The Markets.
Fortnightly Wins.
Uber and their recent profit. Why the shiny toy can sometimes be a poor investment.
Superfund Administration Standards. Why more needs to be done to protect Australian Superannuants from poor Superannuation admin services.
Asset or Liability? Luke uses his definition to put Steve to a test.
Enjoy the latest episode.
This fortnight the money men cover:
-The markets
-Fortnightly wins (in our day jobs).
-Top 10 Superfunds announced for 2022-23 (Buyer Beware).
-Steve puts Luke under the microscope with an Investing Q&A.
Enjoy the Latest episode.
This Fortnight, The Money Men Cover:
The Markets.
Fortnightly Wins.
Employer Super increases, and why the 1st of July may have made you $60,000 richer over your investment life.
Superannuation Refresher. Fees, Investments, Active v Passive, Industry Fund/Self Selected, issues to consider, Insurance, and Beneficiary Nominations.
How to avoid Investment Property Failure.
Enjoy the latest episode.
This Fortnight Luke goes Solo.
He covers the markets.
-Fortnightly wins.
-Are interest rate increases doing what they are meant to?
-End of FY Tips and Wins. -The power of a written (financial) plan.
Enjoy.
This fortnight Luke and Steve cover:
The Markets.
Fortnightly Wins (In our day jobs).
Recent Interest Rate Increases, actionable solutions to increasing interest rates.
Why Superfunds may be 'running out of steam' when it comes to investing member money.
Understanding your superfunds advertising campaign, is it fit for purpose?
Enjoy the latest episode : )
Don't forget to leave us a review or ask a money-related question @ https://themoneymen.com.au/
This fortnight the two Money Men cover:
Markets in review.
Steve and Luke discuss the much-anticipated Industry publication of the Levy Review, and why this may have significant (negative) knock-on effects for the average financial advice consumer.
Why millennials may never retire, can we blame too much-smashed avo ; )
Life insurance and Rolling Superfunds. We cover a live example, demonstrating the unintended consequences.
Enjoy the latest episode!
Don’t forget to leave a review : )
As Promised Steve and Luke have Invited Andrew back in to discuss the current (local) property market.
This Fortnight we cover:
Fortnightly wins.
The Markets, headlined with a property update from Andrew.
Andrew and Luke discuss:
The Property Market state of play
The impact of 11 interest rate increases.
How will migration impact prices?
As always, tips for buyers and tips for sellers in the current market.
Enjoy the latest episode.
This fortnight, Steve and Luke cover:
The Markets.
Fortnightly Wins.
Franking Credits, what are they, and how do they work?
Retirement mistakes we often see.
Enjoy the latest episode.
Don’t forget and give us a review if you liked the episode.
This Fortnight Steve and Luke cover:
The Markets.
Fortnightly Wins (in our day jobs).
How does a 30 Year Fixed Interest Rate Home Loan at 2.60% sound? (Great!)
Why it could be argued that the mortgage market and central bank intervention is different to the US and Australia.
Are Australia’s inflation policies linked to an antiquated system?
Unlisted Superannuation Assets are creating an uneven playing field that will impact most superannuation fund holders. Buyer Beware.
Savings Tips for the average punter.
Enjoy the latest episode.
Don’t forget to leave a review : )
In this episode Steve explores
-
the win of the fortnight
-
The F.I.R.E movement
-
Where does the money go when the sharemarket falls
-
Developing a debt repayment plan
This fortnight we cover:
The Markets:
Fortnightly Wins in our day jobs : )
Silicon Valley Bank – The fallout, what does it really mean?
Why Gold remains a questionable investment.
Warren Buffets' recent Letter to Shareholders, words of wisdom from the world’s most famous investor.
Enjoy the latest episode.
Link to Buffet's recent letter to shareholders:
https://www.berkshirehathaway.com/letters/2022ltr.pdf
This week Steve and Luke discuss:
The Markets.
Fortnightly Wins.
Sage advice from Berkshire Hathaway’s Vice Chairman, Charlie Munger.
The Labour Government's proposed Superannuation changes, what’s really going on?
Age Care, and the need to consider your Estate Planning before you’re forced to.
Enjoy the latest episode.
This fortnight we cover:
The Markets.
Fortnightly Win(s) (In our day jobs).
RBA Governor under Fire, what’s happening with our Interest Rate decision makers?
‘Pandemic buyers fall into negative equity’ – why this doesn’t necessarily matter.
Why Investing is so much more than having a hunch, or sometimes even a good idea.
Enjoy the latest episode.
Please leave a review if you enjoyed the latest episode of The Money Men.
This week we cover:
The Markets.
Fortnightly Wins.
Why you don’t need to fear a recession?
What drives young investors to property?
Should I pay down the mortgage or invest?
Unlisted superannuation assets under the spotlight.
Enjoy the latest episode.
Welcome back and Happy New Year to our Money Men Listeners.
This fortnight we cover:
The Markets.
Fortnightly Win (in our Day Jobs).
New Year’s Financial Checklist, how to get back into financial shape for 2023.
How to combat inflation, easy wins.
What may happen to house prices should Australia enter a Recession. History may surprise you.
Enjoy the episode, and remember that any advice topics discussed are general in nature.
Steve and Luke have returned guest Andrew Kaprilian of Creer Property back to discuss:
The current Property Market.
What opportunities he sees in the short to medium term for property owners.
Tips for sellers in the current market.
Tips for buyers in the current market.
Also, this is the yearly wrap from Steve & Luke, so we wish you a happy Christmas, and we look forward to catching up in the New Year : )
(Note, the sound quality is a little poor in this episode, we apologise in advance)
This week Luke & Steve cover:
The Markets.
Why delayed gratification makes good financial sense.
What is the average Super Balance, where do you stand?
Governments tinkering with Superannuation again, time to take a stand.
Enjoy the latest episode.
Super Balance Info: https://www.bt.com.au/personal/your-finances/retirement/how-much-super-at-my-age.html
This week Steve & Luke Discuss:
How do you actually buy Shares, what is the process?
How to outperform the Share market when share prices are down.
Credit Card Debt, what to consider.
Enjoy the latest episode.
This fortnight we cover:
The Markets.
Steve covers Labor’s Budget Update.
Are you still hanging onto a poor-performing Superfund?
Refinancing your home loan, tips and traps.
Enjoy the latest episode.
Welcome to the Show.
Today Steve and Luke Discuss:
Fat Cat Superfunds, we discuss some of the worst purported performers.
What is pent-up Covid spending? and how you should avoid rationalising it to prevent poor buying decisions.
Fixed Mortgage Interest Rates, be aware of the impending cliff... if you have a Fixed Rate.
Enjoy the latest Episode.
This week Steve and Luke cover:
The Markets, is it time to panic?
Capital Gains Tax – Friendly or Evil?
Investment Seminars - What to consider before attending.
Enjoy the latest episode.
This week Steve and Luke cover:
The Markets, is it time to panic?
Capital Gains Tax – Friendly or Evil?
Investment Seminars - What to consider before attending.
Enjoy the latest episode.
Fortnight in Review (16/09/22)
Market update:
Is negative gearing better than positive gearing?
When can you retire?
Home purchase costs are sometimes more than expected.
Trauma Insurance, let's recap.
Beware of consolidating your super.
Enjoy the episode.
Fortnight in Review (16/09/22)
Market update:
Is negative gearing better than positive gearing?
When can you retire?
Home purchase costs are sometimes more than expected.
Trauma Insurance, let's recap.
Beware of consolidating your super.
Enjoy the episode.
This fortnight Steve & Luke Cover:
The Share Market, how the recent 40% uplift in Dividends paid by Australian companies is again overshadowed by short-term share price movements.
What’s been happening in Property Markets.
The First Home Super Savers Scheme. Recap.
Is it better to use your extra cash to pay off the Mortgage or Salary Sacrifice into Super?
'I want to buy an Investment Property' let us unpack this statement.
Enjoy the latest Episode.
This fortnight Steve & Luke discuss: The markets, results are better than the headlines would suggest. The Barefoot Investor, and structuring your bank accounts like a pro. The property crash predictions, economists continue to get it wrong. Is now the time to sell your investment property, let's study the economics of the decision-making process. Enjoy the latest episode.
This week Steve & Luke cover:
When should you start Investing, is there a right time?
How much Investment Risk should you take with investing?
Stock picking, does it work?
Enjoy the latest episode!
Fortnight In review.
This Week Steve & Luke Discuss:
Finance Industry Pet Peeves. How some Superfunds are skirting the super fund performance rating system. Also why comparing the Headline performance of an asset can be misleading.
The Financial Regulator encourages Superannuation Engagement.
Crypto appears on its nose. We cover an article that illustrates the fallout of the hype and the victim of this speculative “Investment”.
Enjoy the episode.
https://www.theguardian.com/technology/2022/jul/12/they-couldnt-even-scream-any-more-they-were-just-sobbing-the-amateur-investors-ruined-by-the-crypto-crash
This Week Steve & Luke have returned guest and Real Estate expert Andrew Kaprilian:
Andrew announces some special news and provides us with an update on the Residential Property Market.
Andrew remains bullish on the fundamental of the local property market (Newcastle & Lake Macquarie) but explains that things are returning to normal, which is a positive.
As always, Andrew gives us tips for buyers and sellers in the current market.
Enjoy the Episode.
If you want to know more about Andrew, follow the link(s) below.
https://www.creer.com.au/team
https://www.realestate.com.au/agent/andrew-kaprilian-951579
In this episode, Luke and Steve chat about:
-
the current correction in share markets and the potential outcomes
-
how to insualte against inflation risk - invest in assets that generate income and can grow in value
-
the demise of some market "darlings"
This week, Steve & Luke Cover:Interest Rates, (SMH Article, ‘Biggest hike in 22 years’) let us unpack this.Micro Investing, what is it, and what to consider?Building wealth i.e. building assets, versus focusing on income needs. Often people get the two mixed up.How much money can you typically gift to someone in Australia, and what are the tax implications (effectively none!).
Luke & Steve Discuss:The Markets, is this time any different?The Crypto Crash.The Election Outcome.What is Personal Insurance, and How Much should you have.Key things a 30-year-old can do to assure millionaire status.Enjoy the latest episode, and remember the topics discussed are general in nature and do not constitute personal financial advice.
This fortnight Steve and Luke cover:Super Contribution refresh, what are the different types of Superannuation Contributions, and their respective limits.How to turn $1 into over $3,000,000, the answer may surprise you.The benefits of investing regularly, and Delayed Gratification.Is the latest Interest Rate increase a cause for concern, we don’t think so for most.Enjoy the episode : )Resources:https://www.stevemayfinancialservices.com.au/share-market/General Advice Only.
This fortnight Steve and Luke cover:Inflation seems to be the Buzz word this week, what’s really going on.This then morphs into yet another interest rate discussion, where Luke does an Albo and forgets the current RBA Cash Rate…Luke covers the disadvantaged of Direct Share Ownership and his experiences.Green Loans, what are they, and are they really ESG, or just a Marketing exercise?Steve closes the show with a reminder to remain vigilant against financial fraud.Enjoy the episode : )General Advice Only.
This Week We Cover:Managing Investment RiskFinfluencersIn Case of Emergency FileIs a DIY Will Kit good enough?Enjoy : )
The Money Men, Fortnight in Review.What have equity markets done over the last fortnightThe Federal BudgetListener QuestionDividends, yes we talk about these again ; )Car buying logic, and petrol pricesEnjoy : )
This week we cover:Some helpful Investment Tenet's and Life lessons from Shane Warne, as detailed in Robin Powell’s recent article. https://minchinmoore.com.au/five-things-investors-can-learn-from-shane-warne/What we can do to mitigate potential inflationary pressures. Mortgage rate reviews, and curbing discretionary expenditureWhy comparing the Industry superfund fund ‘pair’ isn’t as straightforward as the advertisement(s) suggest.Enjoy.
Geopolitical events, the effects on markets.Investing for Children, what are the options?What are Dividends, and the Tax Implications of them?Live Now Buy later housing schemes.https://www.ownhome.com/
For this episode Steve & Luke put on their economists' hats ; )We Discuss:The Markets.New Super Laws.We cover a Listener question, addressing Inflation.Australian Shares Versus US Shares, is there really a difference?The ‘Yield Trap’ and how looking at Yield can lead your investment decisions astray.Enjoy : )https://motivatedmoney.com.au/my-say/
In this episode we cover the markets, what does the recent volatility mean for your portfolio, and what changes should you make, if any.This segues into the noise around inflation, and the RBA's decision to keep the Cash Rate (aka central interest rates) unchanged.Loan Jargon refresher.Financial Red Flags that could signal you need help in your financial life.Enjoy : )
Steve and Luke discuss Financial Advice Fees, what are they?Different forms of Advice Fees, Fixed Dollar & Percentage Based, Pros & Cons of each?Conflicts of Interest in the Advice Industry, what to look out for?Timeless Financial Tenets covered in Robin Powell's & Ben Carlsons book 'Invest your way to Financial Freedom'
Steve and Luke cover a recent study conducted by Griffith University and IRESS on bad Superannuation investment switches made during the COVID Market Downturn of 2020, and what this meant for Investors.5 'Secrets' to selecting Shares.The Superannuation Gender Gap.Millennials and Money, and how this generation differs when it comes to money decisions.
-Andrew talks all things Property with Luke.-What are the common strategies available to sell and buy, if you are looking to upgrade or downgrade your existing home.-What’s the local market doing, have we reached the peak.-Have recent APRA imposed lending restrictions translated into less buyer demand.-Tips for Sellers in the current market.-Tips for Buyers in the current market.General Advice Warning: The information covered in this Podcast is general in nature, it does not take your specific needs or circumstances into consideration, if required, you should seek financial advice before making any financial decisions.
Robo Advice, what is it and where does it fit.Ethical Investing, where do you draw the line.Home Loans, Is Offset better than Redraw.Will giving up a cup of coffee a day make you rich.Top ten 'Growth' Super Funds.LaTrobe fined for misleading consumers.
This week Steve and Luke provide the fortnightly update, covering:Real client questions answered, generally that is : )What are people worth (financially) relative to your age cohortSuperfund investment returns in the spotlight, how have some of the big names comparedEnjoyLeave a review.https://www.fool.com.au/2019/10/23/how-wealthy-should-you-be-at-your-age-2/https://www.vanguard.com.au/personal/products/en/detail/8134/Overview
Luke and Steve spend this episode talking about Luke's foray into the caravan lifestyle, issues to beware of when applying for a mortgage, how to save $1M, and whether using a SMSF to invest with friends is a good idea.
Steve and Luke provide an overview of the property purchasing process, the lingo. Contract of Sale, Exchange, Settlement, what are these things?Why consider purchasing an Investment Property? and how a purchase can fit into a Financial Plan.Dollar-Cost Averaging, what is it and how can it be applied.EnjoyRemember to Share and SubscribeVanguard Dollar Cost Averaging Studyhttps://static.twentyoverten.com/5980d16bbfb1c93238ad9c24/rJpQmY8o7/Dollar-Cost-Averaging-Just-Means-Taking-Risk-Later-Vanguard.pdf
How much do you need to retire? the amount is smaller than you may think.APRA's (Australian Prudential Regulation Authority) lending restrictions attempt to cool a hot property market, what do borrowers need to know.October is often known as a ‘bad’ month for Share Markets, is there any truth to this?Social Medial and Financial Influencers, what you need to know.
Listener question, Invest Smart, Fund Later product.Financial phrases.And Financial stories.More on Invest Smarts Product discussed in the show below : )https://www.investsmart.com.au/fundlater
Luke and Steve chat about the changes occurring to Income Protection policies from 1st October, how to start investing in shares, APRA's recent announcement about super funds who have failed their performance test, and the pros and cons of renting vs buying a property over the long term.https://www.vanguard.com.au/personal/en/personal-investorhttps://raizinvest.com.au/https://www.apra.gov.au/your-future-your-super-performance-test
This Fortnight we cover the scary reality of Aussies inability to save.An easy way to work out your costs of living.How much in cash/reserve you should have/save.The habits and characteristics of the wealthy, that can help set you up to achieve your version of wealth.Enjoywww.moneysmart.gov.au
Luke and Steve chat about the new superannuation comparison tool provided by the ATO, the mistakes new investors make in their enthusiasm to get started, and thigs to consider when downsizing the family home.
In this beverage with an expert episode Steve and Andrew Kaprilian chat about local and national residential real estate.* The state of the market at present * The price points most in demand * Tips for buyers and sellers * Is staging a home for sale worth it? *
https://www.creer.com.au/agent/andrew-kaprilian/189
Luke and Steve discuss a range of topics in this episode. Are shares a good gift to receive (or give), Borrowing to purchase a property with a SMSF, and the 9 golden investment rules.
Steve and Luke review markets over the past fortnight, chat about dividends and tax, discuss the pros and cons of ETF's, and explain the ways in which superannuation can be released before retirement.
Lots to cover, Refinancing Debt, The Double-Edged Sword, The Value of Financial Advice Quantified, Investing, what would a dollar be worth if you invested into Australian Shares 120 years ago. The answer may astound you! Enjoy!Blog/Article LinksRefinancing Personal Debt – The Double-edged Swordhttps://www.stevemayfinancialservices.com.au/refinancing-personal-debt-the-double-edged-sword/The Dividend Connectionhttps://www.stevemayfinancialservices.com.au/follow-up-from-dividend-video/
Steve and Luke chat about what's happened over the last fortnight, explain some of the jargon used around superannuation, and discuss how share market crashes have occurred throughout history.
In this episode Steve chats with Ros Thomas of Thomco Tax and Accounting about various end of year tax tips and actions.* Prepay certain expenses * Claim a tax deduction for personal super contributions * Government co-contribution * Spouse contribution * Instant asset write off * Deductions for various occupations
Luke is having a break this week so Steve goes it alone to review the past fortnights happenings and share a few thoughts on whether you need to be rich already to invest.https://www.vanguard.com.au/personal/home/https://raizinvest.com.au/
Jenel and Steve chat about the role of a mortgage broker, the state of the property market, interest rates, loan turn around times and key tips for borrowers.www.gafa.com.au
This week Luke and Steve cover off on some of their Pet Peeves, financial ones that is.Luke has taken the time to digest the Berkshire Hathaway AGM, and shares some Gold Nuggets from the meeting.Cryptocurrency, and what successful investors have to say about it.The media at it again, economists and central banks are forewarning inflation, what does it mean for you and your investments.Please like, share, review or ask a question, we’re more than happy to hear from you.If you’re interested to pursue the Berkshire AGM, webcast link below.https://www.youtube.com/watch?v=gx-OzwHpM9k
Fortnight in Review – RBA keeps Interest Rates on Hold (0.10% Cash Rate). Housing Market still strong. Upcoming federal budget 11th May. What First Home Buyers or those looking to build a Deposit over the medium Term could do to better position themselves. ‘Lock in’ financial Investments, buyer beware. And why you probably shouldn’t take your advice from morning TV.
Fortnight in Review, Cryptocurrencies, Investment Seminars (be careful). Age Pension, how much is it, and can I have a comfortable retirement on it. COVID Super Payments, what did people spend their money on.https://www.superguide.com.au/retirement-planning/how-much-cost-live-in-retirementhttps://moneysmart.gov.au/investment-warnings/cryptocurrencies-and-icoshttps://moneysmart.gov.au/investment-warnings/investment-seminars
In this episode Steve May & Luke Styles cover:Fortnight in review, market commentary.Index Funds and how a successful Investor can utilise them in their portfolio.Basic Debt Structures and Strategies for Investors, and why you might pay your Home Loan debt before you Investment loan debt.The differences between Income Protection and Workers Compensation, and why you would generally want to be covered by both.If you enjoyed the episode please rate, comment, or share.https://www.vanguard.com.au/personal/education-centre/en/guides-topic/understanding-indexing/introduction-indexinghttps://www.finder.com.au/income-protection-vs-work-cover
Steve and Luke catch up to discuss the fortnight in review.Why looking at past performance of investments can be misleading, and an apple with apple's comparison often very difficult.Starting within the end in mind, why you should be reverse engineering your financial planThe explosion of Share Trading accounts and what to be wary of when using them.SMSF Property Investing and being wary of property spruikers, tips & traps.
Luke and Steve talk about the markets over the past fortnight, is the "cheaper to buy than rent" argument a valid one?, nuggets of wisdom from Warren Buffet, and the traits of the wealthy.https://www.berkshirehathaway.com/letters/2020ltr.pdf
We chat about the housing market last fortnight and the unprecedented increase in prices. Steve had a chance during the week to catch up with a local agent and get the scoop.Income Protection Insurance, what’s covered and why should you have it. Also, does it typically cover redundancy, and if it doesn’t, is that such a bad thing.The increasing costs of financial advice, and what’s caused this.Elon Musk at it again, what’s he done with Bitcoin.
In this episode Steve enjoys a beverage with Ros Thomas whilst discussing Self Managed Super Funds.What are they?How are they structured?The responsibilities of TrusteesPros and Cons
Housing Market, the continued rise of Australian Housing. What’s caused this and can it last.Common Loan Interest Rate Structures, Fixed & Variable some of the Advantages and Disadvantages of each.Melissa Caddick. The Sydney woman who disappeared and allegedly stole millions from close associates.Game Stop, the spectacular rise and fall of a small US gaming Retailer.ASIC Financial Adviser Register. If you are receiving Personal Financial Advice, the person providing it should be on this register. If not ‘Run the opposite Direction’https://moneysmart.gov.au/financial-advice/financial-advisers-registerAbout the Money Men….Steve and Luke are colleagues with a passion for educating people about financial matters. They believe that financial literacy is one of the keys to unlocking a person’s potential to achieve wealth, whatever that may mean for them individually.When they are not recording The Money Men Podcast, they work as Licensed Financial Planners within Steve’s Business. ‘Steve May Financial Services’
Steve goes it alone in this episode due to some very wonderful news for Luke! In this episode he chats about identity theft, salary sacrifice and capital gains tax. Don't worry - Luke will be back for the next episode.........
In this first episode of 2021, Luke and Steve chat about a variety of topics including the best performing Aussie stocks of the past 12 months, the sensationalism of news headlines, some of the discussion taking place regarding superannuation, and the perils of trying to time the market.
In this first season end of year wrap up, Steve & Luke discuss the habits of the wealthy.Getting On Top of Your Cashflow, the Importance of Taking an Interest in your Super, Saving Money, The Power of Starting Early, Compounded Returns, The Benefit of Getting Financially Educated, Knowing when to Outsource and Get Help, Protecting your Wealth.Other Resources:https://themoneymen.com.au/https://moneysmart.gov.au/https://motivatedmoney.com.au/product/motivated-money/
In this Beverage with an Expert edition, Steve chats with Michelle Jardine about setting up a business, the business financials, marketing and staffing, the importance of having a team of professionals available, and the growing pains small businesses can experience.www.michellejardine.com.auwww.themoneymen.com.au
Steve and Luke (The Money Men) talk with Andrew Kaprilian about Andrews Experience as a Licensed Real Estate Agent, the Local Residential Property Market (Newcastle & Lake Macquarie), Market Trends, tips for Sellers and tips for Buyers. And, the million dollar question, should I buy or should I wait?We caught up with Andrew 6 months ago on episode 25, but this episode is a must if you’re keen to understand all things Property at the coal face.https://www.facebook.com/andrewkaprilian1/http://creer.com.au/?/staff/103764/andrew-kaprilian/
In this fortnight's episode, Luke and Steve chat about the various suggestions about how first home buyers may benefit from using their super, the powerful effect of time an compound returns, some online investment applications, replicating what an investment fund manager does, and the age old comparison of Shares vs Gold.www.superhero.com.auwww.raizinvest.com.auwww.stockpot.com.auhttps://www.vanguard.com.au/personal/home/
Steve chats with Aged Care financial planning expert Bruce Killingly. Learn a little about the issues to consider when looking to enter aged care, the meaning of some of the terminology and jargon, costs of aged care and some tips and traps.Essential listening for anyone starting the journey of exploring aged care for a family member.https://www.myagedcare.gov.au/https://www.stevemayfinancialservices.com.au/aged-care-financial-planning/
Luke and Steve explain the meaning of different financial terms you may have heard. Principal and Interest, Interest only, Cross collaterisation, Stand alone security, Managed fund, ETF, Superannuation, SMSF, Allocated pension, Passive investing, Active investing, Estate planning.
Luke and Steve have a chat about a variety of topics in this episode. The current US election results and the possible effect on share markets, just what are those "asset classes" that are so often mentioned, is the recent RBA interest rate decrease worth the effort, tips for successful investments, and ESG polices.https://intl.assets.vgdynamic.info/intl/australia/documents/client-education-centre/cec-investing-basics/understanding-asset-classes.pdfhttps://intl.assets.vgdynamic.info/intl/australia/documents/client-education-centre/cec-investing-philosophy/vanguards-principles-for-investing-success.pdf
Luke and Steve have a chat about how to go about planning for your future, investments to be wary of, the move towards less costly financial advice and the issues to consider when choosing a financial planner.
In this episode Steve (Luke is on holidays) provides a brief summary of the recent Federal Budget announcements of the 6th October.https://www.macquarie.com.au/advisers/federal-budget-2020/clients.html?utm_source=newsletter&utm_medium=email&utm_campaign=WVOW_FederalBudget
Luke and Steve chat about a variety of topics, such as the remarkable benefits of long term investing, the numbers behind the "Compare the Pair" industry super fund campaign, the emerging trend of superannuation rewards programs, and some key products and strategies for retirement.www.themoneymen.com.auwww.superrewards.com.auwww.boostyoursuper.com.au
In the latest episode, Luke and Steve discuss the merits of investing ethically and whether it's necessary to be active in this space; should you put your cash in the share market to get better returns, the pros and cons of passive and active approaches to investing, and the potential conflicts that exist when you're seeking financial advice.www.themoneymen.com.au
Luke and Steve explain the meaning of various financial terms and jargon. Dividends, ASX, Bull market, ETF, Recession, Negative gearing and more.www.themoneymen.com.au
In this episode Luke and Steve chat about Gold's much hyped all time high, why the share markets seem to be performing differently to the economy, how the "average" balanced super fund has performed over the past 12 months, and whether a person needs to delay their retirement if the share markets are down.www.themoneymen.com.au
In this episode, Steve chats with Shaun Eckert about Wills, Testamentary Trusts, Powers of Attorney and Guardianship.www.firstpointlegal.comwww.themoneymen.com.au
In the episode Steve and Luke chat about the common myth that there is enough life insurance in super, give an opinion on the popular Barefoot Investor book, how to get started on the journey to real wealth, and what to consider if you're approached to guarantee a loan.www.themoneymen.com.au
In this episode Luke chats with Richard Worgan, an expert on all things related to Novated Leasing and salary packaging. A "must listen" for anyone contemplating a novated lease arrangement.www.themoneymen.com.au
The Money Men chat about the markets, what the "property" portion of a typical super fund means, and what to look for when you receive your annual superannuation statement.www.themoneymen.com.au
In this episode, The Money Men chat about some common themes and provide some great money tips.* Traits of people who overspend * Live for the now (but with an eye to the future) * Knock years of your home loan with a simple "trick" * Buy your cars with cash * Live off one income * Educate yourself * Have a structure
Steve chats with Andrew Kaprilian about residential property - The homebuilder scheme, market trends, tips for sellers and tips for buyers.https://www.facebook.com/andrewkaprilian1/
In this short episode, The Money Men chat about that hard top control discretionary spending
In this episode, the Money Men chat about the past fortnights events, the newly announced Homebuilder Scheme, Timing (or Time In) the Market, Discretionary personal spending and the world of active fund managers.
In this short episode The Money Men chat about a simple strategy to help you get ahead financially.
In this episode Luke and Steve chat about a variety of topics including recent share market performance, where RBA interest rates are at, how some people have used their withdrawn super, some end of financial year super strategies and whether now is a bad time to be transferring super funds.https://www.abc.net.au/news/2020-06-01/superannuation-withdrawals-spent-on-gambling-alcohol-takeaway/12306710
In this episode Steve and Luke chat about the share market, the China trade issue, how many people are accessing their super, and a Warren Buffett gem. They then dive into Self Managed Super Funds and the commonly asked question - How much do I need to retire?
In this edition Steve and Luke talk about a variety of questions they hear often. One thing is clear, the answers aren't the same for everyone!The episode references this report: https://www.superannuation.asn.au/ArticleDocuments/359/1710_Superannuation_account_balances_by_age_and_gender.pdf.aspx?Embed=Y
Steve chats with Jenel and Greg about what mortgage brokers do, the value they add, how brokers can get paid, and some tips and traps to look out for.
Luke and Steve chat today about the potential downside to Total Return superannuation funds, what a Mortgage Broker does, the pros and cons of borrowing money to invest, and a potential pitfall when withdrawing money from your super.
Luke and Steve talk about the early release of super under the temporary coronavirus relief. Are you eligible, how do you go about it, is it a good idea?
Steve and Luke chat about recent Aussie share market performance, a common misconception about Income Protection insurance, what the heck is Trauma Insurance, how to survive on a low income and whether contributing to superannuation is a good idea.www.themoneymen.com.auwww.moneysmart.gov.au
First 25 minutes: Introduction, a deep quote :-) and what's on offer for individuals and households25 - 42 minutes: What's on offer for business43 minutes to end: Should I sell out and go to cash?
Luke and Steve chat in this episode about recent share market performance, key action items for these times, the value of planning and if now is the right time to invest.
Luke and Steve talk about the Coronavirus Stimulus Relief package including: Accessing superannuation, Income stream draw down rates, $750 cash payments, Increased income support, and Bank loan support.
Mat Crawford of Five Sources talks about the value of Hope, Financial Advice, Education, Diversity and Family in this world of Corona Virus and Share Market plunges.www.fivesources.com.auwww.themoneymen.com.au
Luke and Steve discuss the current state of share markets, the pro's and con's of buy now pay later operators, the role of a Financial Planner, and how to have your super invest the way you want it to.www.themoneymen.com.au
Steve chats with Gabrielle over a coffee about all things 'property management". From why an investor should use a property manager, how to present a property for lease, legal obligations, and much more.www.hottproperty.com.au
Luke and Steve chat about the current share market volatility, age pension eligibility conditions, why income protection insurance is important, and the pros and cons of purchasing a property through a self managed super fund.www.themoneymen.com.au Mentioned podcast: https://www.abc.net.au/radionational/programs/themoney/property-one-stop-shops/11634714
Steve and Luke talk over a beer about a range of topics including cash flow management, the pros and cons of "Ethical Investments", what the average Australian spends in retirement, and the basics of negative gearing.www.moneysmart.gov.auwww.myprosperity.com.auThe Barefoot Investor (Book)
Luke and Steve give their tip of the week, discuss novated leases, talk about salary sacrificing to super, and answer a few listener questions.
Steve and Luke chat about concepts such as long term wealth creation, the Rule of 72, barriers to becoming wealthy, the "retirement age" and Income Protection insurance.