Six dangers when seeking super fund advice
I have been writing about, or working in or on the sidelines of the financial services industry for 20-odd years and the regulator and the advising industry are only now, in 2011, really grappling with how consumers make investment decisions and the influential role that advisers and financial organisations hold in distributing investment products.
Creating wealth is a super compound: Rule of 72
Investing can put you on the fast track to real wealth due to the amazing effects of compound interest, which is also known as compound earnings. Compound interest is earnings on any earnings that you have reinvested. Reinvesting the income you earn from your investments is the key to rapidly accumulating wealth.
Beware ‘pump and dump’ scams
In the latest edition of the ATO newsletter, SMSF News –Edition 8, the ATO warned DIY super trustees holding shares in their SMSF to watch out for ‘pump and dump’ scams. A pump and dump scam is started by crooks [...]
