Money Over 50

On average, we see a drop in company prices of about 30% every 5 years. If you've listened to us for a while, you'll know we often talk about not panicking when this happens. But why is this important, and exactly how important is it? In this episode we discuss how not preparing for a drop in the share market is like not listening to the lifeboat drill on a cruise ship. Spoiler alert: it doesn't end well.

If you wanted to lose weight, would you sit on the couch eating donuts, or have a salad and do some exercise? The answer is simple, yet many people don't achieve their goals. Often, we want things to happen right away. This is instant gratification. And like losing weight, saving money and preparing for retirement is a long game.  In this episode, Dallas and Michael discuss the difficulties of investing in the long term – and why some people succeed while others don't.

What happens when your finances are on track and you're getting your 8% rate of return? Is it time to spread your eggs and diversify further? Or perhaps buy a property? Is being invested in super really enough – and what if my fund goes broke?  In this episode, Michael and Dallas discuss these questions in relation to those close to retirement. For more information, please visit www.mo50.com.au

Do you remember when Mcdonald's ice cream cones were 30 cents? Dallas and Michael certainly do. But if you were to go and buy one today, you'd be handing over 75 of your hard-earned cents.  In this episode, Dallas and Michael discuss how bigger expenses in life (though potentially less enjoyable than a Maccas soft serve cone) go up with inflation, and exactly what this means for you and your retirement planning. For more information, please visit www.mo50.com.au

We've all had a stock tip for some speculative company before, with some being winners and some losers... But should we be basing our retirement strategy on this?  For more information, please visit www.mo50.com.au

In financial planning, it is almost impossible for you to be absolutely precise in what the future will look like. For example, there is no way to figure out what inflation will be each year in the next 10 years. However, we do know that it will likely increase, therefore, we must include this in our calculations to help prepare for the future. You will never be exactly right, but heading in the right direction using the information at hand is absolutely important. For more information, please visit www.mo50.com.au

When it comes to living a long life, eating healthy is one way to help make that happen. However, it does not guarantee that you will not get sick or become a victim of an unfortunate event. Saving money and making the right financial decisions is similar to this, as there is never any guarantee that something might not happen in the future to derail your plan. Even though this is the case, giving yourself the best opportunity for positive outcomes can still pay off!  For more information, please visit www.mo50.com.au

Volatility is a natural occurrence when it comes to investing, especially when invested in companies. We know that if you want to achieve long-term positive returns, you will be met with short-term volatility. You must accept and embrace the knowledge that a drop of 50% WILL happen; it's a matter of when not if.  For more information, please visit www.mo50.com.au

Some listeners to the podcast will tend to think of money as either a safety blanket that can protect us from the dangers of the world, while others may think of money as something that is unreliable. It can become hard to manoeuvre when each member of a couple sit on the opposite sides of these conflicting thoughts, or an individual is stuck with these conflicting thoughts internally. For more information, please visit www.mo50.com.au

In 1992, the Superannuation Guarantee (SG) was introduced in Australia which required employers to contribute money into their employee's super fund. A large amount of our advice is focused on taking advantage of this amazing low-to-no tax environment to help you build your retirement savings. For more information, please visit www.mo50.com.au

Michael speaks to Dallas about the visible and hidden benefits of going back to paid work (in some form) after already retiring.  For more information, please visit www.mo50.com.au

One of the quickest ways to derail your retirement or investment plans is to PANIC! It might be hard not to react, but panicking at the sight of downturns can undo all of your hard work. For more information, please visit www.mo50.com.au

Dallas discusses with Michael his thoughts on the planning of providing an inheritance to children. There is no right or wrong answer on whether you should leave an inheritance, however, there are a few things to take into account when planning for this. For more information, please visit www.mo50.com.au

In this episode, Dallas & Michael explain why "stock-picking" questions can be some of the least valuable questions that you can ask at a particular time. Our objective for our clients is to increase the outperformance of long-term outcomes by looking at their goals, creating a suitable plan, then determining the portfolio.  For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.  

We had a prospective client show us retirement savings projections from their industry super financial adviser who had factored the client running out of money into the plan. We think this is a dangerous plan, and in this episode, we'll explain why. Note, we are not saying that all industry advisers do this; this is only based on what we have seen.  For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

Michael & Dallas answer the following listener question from Adam: "Where do you draw your pension from (investment options) & what stage of a downturn would you decide to draw from your cash reserves?" For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

This listener question from Darren asks about the specifics of drawing an income from your superannuation when you retire. Michael and Dallas discuss the the account-based pension (not to be confused with Centrelink Age Pension) and answer the following question: How is income normally distributed? How does an account-based pension work? Do you constantly need to sell down shares? For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.  

In financial planning, a lot of the decisions you make involve giving something up to get something back. For example, you may have to reduce your income by $10,000-$20,000 p.a. while you're working to be able to get into the position that you need to retire comfortably. Life is full of trade-offs, financial planning gives you the information to make those fully informed decisions, but there will always be some form of pain. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

Michael & Dallas discuss the benefits of discipline when investing for the long term. When it comes to building wealth, delayed gratification tends to play a huge role. 

The Baltic Dry Index (BDI) is an index of average prices paid for the transport of dry bulk materials across more than 20 routes. It can be used as an indicator of global economic activity. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

Dallas & Michael discuss a client case study of Dallas'. Dallas goes through all the steps that were involved in getting them into a position to work part-time, allowing them to do more of the things that they enjoy, such as travelling. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

We believe that you should be invested predominantly in companies throughout your lifetime. In this episode, we tell you how much company prices and dividends have grown over 30 years, and why this is important to protect yourself against the rising costs of living (inflation). For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

We now charge a fee for your Initial Consultation with Money Over 50 Financial Advisers of $990 inc. GST. This fee covers our time to prepare for the meeting, hold the meeting, and provide any follow-up information necessary. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

In our industry, it is common to see investors become fearful that bad times will last forever. There will always be forces at play that will work against this. Things will never get as bad you think they will, and if they do, there's nothing we can do about it. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

Relying on cash to support you throughout your retirement can be incredibly hard; there is little to no growth, and the world is only getting more expensive as time goes on. You want to be able to set yourself up in a sustainable way that can continue to grow and build throughout the long term; this is where investing in companies can help. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

It's easy to get used to any surplus cash and to spend it on things that hold no value to you. That's why it is important to invest any surplus cash that you may be earning, to prepare for those times when you do need it.For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

Michael and Dallas discuss the odd thought that "large companies are incredibly greedy, and are risky to invest in". If a company is greedy and earns a lot of profit, why would it be considered risky? For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

When it comes to saving for your retirement, one of the easiest mistakes to make is to not have a role for your money. A common example of this is to have more cash than needed sitting in your bank account earning an interest rate much lower than inflation; it could be put to much better use being invested in the top companies of Australia and the world. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

Whenever we see grocery prices down at the supermarket, our instinct is to scoop up more of the discounted items that we want. In investing, however, a large drop in prices tends to deter the average person. What if it could be an opportunity to purchase company shares at a lower price? For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au. 

Just like in racing, it may seem like you've landed yourself a win, however, things can change unexpectedly and leave the results out of your favour.  For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

The media loves to tell you how badly you need to get out, but never give you any accurate details. In fact, when it comes to listening to the fearmongering that the media and so-called industry experts spread, more harm is done than good. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

Michael and Dallas discuss a few reasons as to why being invested in balanced funds are not in the best interests of retirees. These disadvantages range from the investment strategy being more invested in cash than you may be able to afford, to not being to determine where you draw your income from during periods of low prices.  For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

Michael & Dallas discuss the huge difference between the financial position of a person who has & who does not have "thoughtful, considered & delayed spending". Impulse buying can be detrimental to your retirement savings; keep in mind, it's not the small costs that have this impact, it's the LARGE purchases. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

Investing your money in the right assets and having those dividends reinvested has a HUGE impact on what your future retirement savings look like. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

Your life is full of personal milestones, and your retirement plan is built with goals that you need to meet. So, when it comes to reaching your retirement, the time is yours to enjoy. You need to become comfortable with the idea of there being no "next thing" or you need to find something that helps you feel valuable.  For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

It's important for your investable assets to have a job i.e. to grow your wealth or to remain as a buffer in case of volatile times. A lot of investors have this down pat when it comes to their assets outside of superannuation, but they have no idea about the asset allocation of their superannuation. If you have a significant cash buffer outside of superannuation, it may be worth having a look at how your superannuation is invested (especially if you have a pre-mixed option, such as conservative or balanced). For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

When sellers in the share market or any market (e.g. fruit market) outweigh the number of people willing to buy, then the price will need to reduce in order for someone to sell that share. However, if you do not have any plans to sell during that particular time, the volatility (reduced selling price) should not even be relevant to you and your shares. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

Michael speaks to Dallas about the power of consistently making small incremental moves towards your retirement plans rather than feeling the need to overextend yourself and risking derailing your retirement. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

The role of media is to serve those tuning in with stories that will keep them coming back, 9 times out of 10 it is a horror story of some sort because this is what keeps people coming back (especially when it comes to the economy). This paints a negative picture of the future, even though life is generally getting better for the world. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

We believe in making sure that we are the right fit and that we can add value to your retirement savings. That's why our 1st meetings with potential clients are always free. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

In this episode, Dallas & Michale discuss retirement fears - fear, loss & limitation.  Lack - is the fear/belief that you will never have enough to retire. Loss - is the fear of losing money through events such as volatility. Limitation - is the fear that when the assets you are invested in a drop in price, and that they never come back up. It is also the fear that when you retire, no one will want to employ you again. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

This episode has Michael & Dallas discussing how simple it can be to get ahead financially, but also how hard it can be to not make an error through panic. Michael uses a real-life example of investing at the worst possible point in time (i.e. right before the Global Financial Crisis), explaining how keeping to the plan and not panicking creates a positive outcome. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

Using boxing/fighting as an analogy, Dallas & Michael explains how there will always be a pain when investing in companies through the effects of volatility, however, staying invested in great companies and sticking to a plan allow them to have the best chance to reach their goals. On the other hand, those who stay on the defensive and invest heavily in assets like cash (to reduce volatility), open up the risk of not lasting the whole retirement. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

In this episode, Michael & Dallas speak about how long it takes to earn $100,000 from your investments. They demonstrate the amazing benefits of compounding, showing the reduced time it takes to make the "next" $100,000 as your investments continue to grow. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

As we all know, we are constantly being fed with horror stories about our future, particularly when it comes to economics. However, true poverty is reduced each year allowing people to meet their basic needs (e.g. food and water); further to that point, more and more people are reaching the middle-class. The increase of other people's wealth is great for those who own shares in great companies, as people now have the ability to spend, therefore, increasing the value of companies. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

Michael and Dallas discuss fear in investing in companies using real-life examples of the GFC and the Covid-19 Pandemic. They explain that volatility is a part of long-term investing, and the mistake usually comes from panicking at the wrong time. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

You shouldn't be planning for your retirement to be a lesser lifestyle than what you are currently living. Retirement should be a time of abundance and doing the things that you actually  enjoy, this is why it's important to have a carefully considered plan that focuses on this. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

In this episode, Michael & Dallas discuss the differences in returns between having invested the same amount of money in a Sydney Property and CBA shares. The results will surprise you, especially if you belong to a specific demographic! For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

When you think of saving for retirement, you'll think of saving with money/capital. However, there are some people that have worked hard and helped others throughout their life to such an extent that they tend to receive help from those others whenever they need it. These people tend to continue to do some form of work until the day they die; they truly enjoy living this way because they value being an involved & contributing member of their society/community. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

This episode has Michael & Dallas discuss the risk of investing too conservatively, comparing it to fighting for sport, and how it can become a huge factor in why a retirement plan can get derailed. They also discuss the importance of never panicking during times of extreme volatility. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

Not long ago, many people believed cash and term deposits to be the "safer" option when it comes to investing. Nowadays, low interest rates have made these assets some of the most dangerous due to creating the risk of people running out of money prematurely. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.