Wealth Creation Blogs Worth Sharing.

Book and have your free Statement of Advice consult with Andrew O’Brien of Hindsight Wealth before the Bronco’s Vs Panthers game Friday 22 July, 2016 at Suncorp Stadium, Brisbane to be in the draw to win a family ticket to the big game. Terms & Conditions Andrew O’Brien of Hindsight Wealth is conducting this promotional game. The prize is: A family general admission ticket to the Bronco’s Vs Panthers game. 7.45 p.m Friday 22 July, 2016 at Suncorp Stadium, Brisbane. Family ticket constitutes (2 adults, 2 children) or (1 adult, 3 children). Draw entrants must be over 18 years of age. A Statement of Advice consultation is a complimentary service. The promotion closes Friday 15th July, 2016. The draw date is Monday 18th July, 2016. The lucky winner will be announced on Andrew O’Brien of Hindsight Wealth business Facebook page and Andrew O’Brien of Hindsight Wealth LinkedIn profile. The winner will be notified via Facebook, email and phone.

I’ve posted recently about the positive start investment markets have made for the year. This in turn has had a positive impact on my client’s super funds with balances enjoying healthy gains. As I’ve said before, we shouldn’t get too excited about short term gains. Superannuation is very much a long term investment. However, what the last few months does demonstrate is the need to have your superannuation invested appropriate to your time horizon and risk profile. Understanding the numbers is important. For instance, if you are just starting out in your career and have a relatively modest super balance of $20,000, even a solid annual return of 10% will only yield in increase of $2,000 in your balance. By contrast, if you have a higher balance of say $100,000 then the same percentage return yields a $10,000 increase. Obviously this isn’t a complicated concept. However it highlights the need to manage your super correctly from the very start. Get your super performing ea...

Quite often the Mum’s out there take time off from their professional careers to help raise the family. Of course, this is also the case for many Dad’s out there. As this weekend is Mother’s Day, the focus should be on Mum. Being properly insured whilst working is one thing, but what about when you’re taking time off to be at home? Many insurance companies recognise the importance of “stay at home Mums” (or Dads) and essentially treat the role as a recognised occupation. And so they should. It’s one of the hardest occupations we can undertake. Being insured while you’re at home is important. Why? What if you become disable, or worse? What happens financially for you and your family then? These are things that should be considered in an insurance review. A consequence of having time off may be that returning to work may mean starting a new job with a new employer. In fact this can happen to anyone over the course of their career. One of the outcomes is a number of...

The media has recently been reporting on an insurance scandal involving CommInsure.   The particulars of the case are complex and were aired recently on Four Corners if you’d like to look up the specifics.   Importantly, the case highlights the value of quality advice in relation to your insurance needs.  The case in question involved what is known as a Group Insurance policy.  Effectively, it is the default cover that is provided to a member of an industry superannuation fund.   For example, many of my clients come to me with various superannuation funds Sunsuper, Australian Super etc which include some level of insurance cover.   More often the not, the advice I provide involves obtaining a new, fully underwritten retail policy to replace or compliment the default group cover already in place.  The reason being, there is a massive difference between advised insurance products and direct insurance products offered ...

On January 13 this year I wrote a post The markets are down! What’s going to happen to my super? What do I do? And here we are a little over 2 months later and the contrast could not be greater.  Welcome to the world of investing! So what do all these numbers mean and how does it impact on my super? Well, for the majority of people, their superannuation has some level of exposure to Australian stock markets.  To get an idea of how the market is performing, you can simply follow one of the indices such as the All Ordinaries Index or ASX 200.  Without getting too technical, these are a basic measure of how the majority of the companies on the Australian stock exchange perform on average on any given day.  Normally reported on the news at night you’ll hear statements like” the All Ords went up half a percent today” . On Feb 12 this year the All Ordinaries sat at around 4800 points.  It’s currently sitting at 5240 points which means an increase of...