More than just Finance Archives | Page 3 of 3

Grow your mind, Grow your money…

In 2008, professors at George Washington University and the University of Pennsylvania designed three questions in a study called The Economic Importance of Financial Literacy: Theory and Evidence with which to examine the financial literacy of consumers around the globe. Let's just say the results weren’t all that encouraging. The study concluded that the cost of improving financial illiteracy is far less than the cost of the effects and consequences of financial illiteracy. The authors made several suggestions aimed at improving [...]

denise.henly2014-12-22T01:07:24+10:30December 22nd, 2014|FinSec Post, Investment, More than just Finance, Quick Tips|

A Get Rich Slow Scheme

Albert Einstein is said to have called it the most powerful force in the universe, and John D Rockfeller named it the eighth wonder of the world. We call it compound interest. Why is it regarded so highly? Most of us studied compound interest at school, so we have a pretty good idea how it works. But it's not until you start looking at practical examples that you realise just how powerful it can be. Imagine you are 21 again. You [...]

denise.henly2014-12-03T04:24:15+10:30December 3rd, 2014|FinSec Post, Investment, More than just Finance, Quick Tips|

End of an era – David Wade Retires June 30th

As David Wade, one of Adelaide's most respected advisers prepares to retire on June 30th we take this opportunity to celebrate his career, acknowledge his contribution and say thank you. A Partner for over 15 years (several of those as Managing Partner), David has witnessed huge changes to the financial services industry and has been paramount in establishing the value system FinSec live and breathe today. He has seen Partners come and go, experienced (and survived) several full market cycles and [...]

denise.henly2014-06-22T23:30:22+09:30June 17th, 2014|FinSec Post, More than just Finance|

The Demographic Necessity of Change

It would seem our own Andrew Creaser and Joe Hockey may be preaching from the same page - that is, the demographic necessity of change to ensure a sustainable Australia. Andrew, along with many others has long questioned the quality of life Australians can expect if we don't address the fact (based on current trends), that we are facing a longevity crisis. Treasurer Joe Hockey's recent comments regarding changes that must be made to a system "designed in the 20th century, [...]

denise.henly2014-04-17T03:34:00+09:30April 17th, 2014|FinSec Post, More than just Finance, Superannuation, The FinSec View|

Happiness: the new measurement of economic success

In Australia, as with most western cultures, we often use Gross Domestic Product (GDP) to measure our success, however, there is another measurement which is gaining traction for more accurately depicting a country’s worth. It’s called the Gross National Happiness Index (GNH) and it implies that development should take a holistic approach to the notion of progress and give equal importance to the non-economic aspects of society. Looking at economic output alone to determine a nation’s success only gives a crude [...]

denise.henly2014-10-13T03:27:56+10:30March 31st, 2014|FinSec Post, More than just Finance, The FinSec View|

A better 2014 for the Australian economy and profits

Introduction Ever since major mining investment projects, such as Olympic Dam, started to be cancelled over a year ago and it became clear the mining investment boom was coming to an end, much uncertainty has surrounded the outlook for the Australian economy. This was not helped by a mediocre initial response to interest rate cuts and sub-par growth of around 2.3% annualised since the June quarter last year. Despite the economic uncertainty the Australian share market has lifted strongly – [...]

denise.henly2020-07-08T06:32:18+09:30December 17th, 2013|Investment, Market Update, More than just Finance|

Bubble, Bubble, Timing, Trouble?

There has been much speculation in the media of late regarding asset prices across most sectors. Is the Sydney-city property market too hot? Are equities overvalued? Why is the US share market at all-time highs? Inevitably ‘asset bubbles’ happen in every economic cycle. The challenge for investors is not only to have the courage to invest in an asset when it is under-valued but also to have the courage to walk away from an investment when it is beyond fair value. [...]

denise.henly2020-07-08T06:31:50+09:30December 17th, 2013|Market Update, More than just Finance|

US budget crisis over

President Barack Obama has signed into law legislation raising the Treasury Department's borrowing authority, officially ending the government shutdown that has crippled the country since Oct 1. His signature came hours after the US House of Representatives passed the legislation, the result of a deal that reopens the federal government with a temporary budget until January 15 and extends US borrowing authority until February 7. Earlier, the Senate passed the bill by 81 votes to 18. In the following article Dr [...]

denise.henly2014-05-01T04:29:47+09:30October 18th, 2013|FinSec Post, More than just Finance|

US Government Shutdown

Never take a hostage you are not going to shoot, and we will not for sure shoot this hostage!! Tom Coburn, Republican senator, Oklahoma Last week legislators decided to shut down all ‘non-essential’ government services (about a third of federal spending) rather than allow an enacted health law to take effect from the agreed date. Some 800,000 federal employees were likely to be sent home, this has now been qualified with 350000 civil defence workers returning to work. Goldman Sachs estimates that a week-long shutdown [...]

denise.henly2020-07-08T06:31:41+09:30October 11th, 2013|Market Update, More than just Finance|