The Money Cafe with Kirby and Kohler

Everyday investors have been heavily sold private credit funds as an alternative investment and now the reality of this opaque, often illiquid market is starting to bite. Dr Doug Turek of Minchin Moore joins Associate Editor, James Kirby in this episode. In today's show, we cover: Problems with private credit spook investors Have commissions for financial advisers returned? Why government bonds are back The best way to buy a US market ETF See omnystudio.com/listener for privacy information.

Are we looking the wrong way? As property investors fret over likely lifts in Capital Gains Tax, the bigger issue for long term investors is interest rates: Despite the industry-wide assumption that we are in a new rate hike cycle, it is looking increasingly likely that rates are not going to go through the roof, in fact some already believe we should be thinking about lower rates in the near future. Dr Sam Wylie of the Windlestone Education group and Melbourne Business School joins Associate Editor James Kirby in this episode In today's show, we cover: The CGT scare - How will if affect you How share investing may have a tax advantage over property soon* Interest rate hiking cycle...maybe not? Is super recontributing a form of money laundering? asks a listener See omnystudio.com/listener for privacy information.

More investors are coming to realise that inherited super is taxed at 17 per cent, but the government has stirred a hornet's nest in adding a de facto death tax into the new super tax legislation. What to do? Hugh Robertson of Centaur Financial joins Associate Editor James Kirby in this episode. In today's show, we cover: Inheritance tax changes : What you need to know Understanding your super caps for the year ahead How the kids raise your Medicare Levy Surcharge Dealing with overseas shares and ETFs See omnystudio.com/listener for privacy information.

At the very core of wealth building is the dilemma of setting up your super or making sure you own a home; The long-term returns on both investment choices are broadly similar, but the tax system is hugely in favour of the home-owner. So what to do? James Gerrard of www.financialadviser.com.au joins Associate Editor James Kirby in this episode In today's show, we cover: The in-built bias against renters in the tax system If you already contribute 12% to super by law- should you add more? The lesser-known bias against renters in pensions and super Optimising the tax system to your life-stage See omnystudio.com/listener for privacy information.

Interest rates are moving higher again as the RBA renews its battle with inflation: It's time to think seriously about inflation-proofing your investments, and that means a lot more than buying some gold. Chris Brycki of the Stockspot group joins Associate Editor - James Kirby in this episode. In today's show, we cover: The full menu for inflation-proofing your investments Big super funds don't have gold, but should you? Why Japan is back on the radar for sharemarket investors Dangers of market timing your superannuation choices See omnystudio.com/listener for privacy information.

'You can't get into the property investment market for less than $1m' is something you may hear regularly...but is it true? High-profile investor Nathan Birch says not only can you get into the market for $300,000 or less, but you can do it without negative gearing. Nathan Birch of the B Invested group joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: Buying cheap - how to get started in property Why entry-level property is the hot spot Property types that fit the bill Locations across Australia still offering good value See omnystudio.com/listener for privacy information.

Whether you are with a big super fund - or run your own SMSF - the outstanding risk for your long-term return is whether your portfolio is appropriate for your age? The chances are that you are being too conservative because you are going to live a lot longer than you realise. Anna Shelley, chief investment officer at AMP joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: Are you taking enough risk? The end of traditional age-based rules for investors A new era of inflation could shrink your spending power Getting to know the 'bucket strategy' See omnystudio.com/listener for privacy information.

Gold prices jumped dramatically last year and then soared through the $US5,000 milestone last month: Now the price is suddenly heading south as profit takers push the price down closer to $US4,660. Some listeners may have missed the gold rally, our guest today - a specialist gold mining stock picker - says this might be a time to reconsider. David Franklyn of the Argonaut Gold Fund joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: Gold prices drop as rally stalls...how to play the pullback? Why gold miners are set to boom in the next phase of the gold rally Managed funds versus ETFs for gold investors Top gold stocks to consider now See omnystudio.com/listener for privacy information.

The sharemarket is surging and we are trading like it's late 2007, which makes it a very good time to review how your portfolio would fare if things turn sour.It's also time to catch up on new changes in super. Liam Shorte of the Sonas Wealth group joins Associate Editor, James Kirby in this episode In today's show, we cover: Cash, annuities and hybrids Stings in the new super tax bill US investments and Australian tax Should I transfer my UK pension back to Australia? See omnystudio.com/listener for privacy information.

If you are planning to put more money in the property market this year, be warned the risks of tax changes are now clearly on the table: Top of the agenda is a wind back in Capital Gain Tax concessions. Peter Esho of Flexdoc joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: The biggest tax risk for property investors this year How Victoria's Airbnb tax has backfired Property's role as a 'hard asset' in a time of currency debasement Our 'listener questions' segment returns See omnystudio.com/listener for privacy information.

How many years can a bull market last? What will it take to dampen investor sentiment in the year ahead, and what should you, the active investor, be doing? Will Hamilton of Hamilton Wealth Partners joins Associate Editor-Wealth, James Kirby in this episode In today's show, we cover: The risks and opportunity in the 2026 listed markets How to defend against the looming risk of inflation Gold - do you have it, how much should you have ? Fading into rallies - the art of taking profits at the right time See omnystudio.com/listener for privacy information.

Property prices are tipped to rise by 5 per cent in 2026 : But where will investors really make their money?In our property investment outlook show for the year ahead, we identify the property sector that is ready to rebound...and we pinpoint the best location too. Stuart Wemyss of the ProSolution Private Clients group joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: Higher rates and tighter lending - the risks this year The property sector which is ready to rebound Why the bottom end of the market is the hottest patch Adelaide running out of puff, Melbourne due it's day in the sun See omnystudio.com/listener for privacy information.

The ASX can return 10 per cent again in 2026...or maybe even more, says star stockpicker Jun Bei Liu...but what to buy? In this second part of our 2026 investment outlook, she outlines very clearly the red-hot sectors offering the top stock picks and also the parts of the market to avoid. Jun Bei Liu of Ten Cap joins Associate Editor - Wealth, James Kirby in this episode In today's show, we cover: How miners will make you money in the year ahead Banks, REITs and retailers could let you down Can CSL return to its glory days? Liu's stand out stock to consider...and one to avoid See omnystudio.com/listener for privacy information.

It looks like the sharemarket will once again be the place to make money in 2026, especially on Wall Street. But it's not going to be a smooth ride: In the first weeks of the year, the US has unleashed a wave of foreign interventions - and President Trump has subpoenaed Fed Reserve chair Jay Powell - triggering alarm bells on Wall Street. Marc Jocum, investment strategist at GlobalX ETFs joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover The outlook for investment markets in 2025 Forecasts for the ASX in the year ahead Key predictions for Wall Street The improved prospects in wider global markets See omnystudio.com/listener for privacy information.

In this episode of The Money Puzzle, The Australian’s Wealth Editor, Julie-anne Sprague, unpacks what it takes to be a great investor with one of the nation's top stockpickers, Jun Bei Liu. How did Liu learn to invest? What did she learn when things went wrong and what's her advice for everyday investors wanting to build their wealth?Jun Bei Liu of Ten Cap joins Wealth Editor Julie-anne Sprague in this episode. Please note, this is a repeat episode of The Money Puzzle. It originally aired in December 2024.See omnystudio.com/listener for privacy information.

If it wasn’t said by a top financial adviser, you might dismiss it as a quote out of context, but Partners Wealth Group Jack Tossol is not kidding: He says a generation that has ‘sunk everything’ into the family home will miss the chance to have a successful tax-deductible investment plan. It’s a provocative notion, challenging die-hard principles of money management, but with house prices moving higher again...you have to listen. Financial adviser Jack Tossol of Partners Wealth Group joins Associate Editor - Wealth, James Kirby, in this episode. In today’s show, we cover No tax deduction, no income…Is home ownership overrated? Why ‘Rentvesting’ is worth revisiting Are you facing decades of ‘dead money' in your home mortgage? Challenging the ‘retirement sweet spot’ Please note, this is a repeat episode of The Money Puzzle. It originally aired in August 2025.See omnystudio.com/listener for privacy information.

What is the FIRE movement and how did it get started? It's not a club or a cult: It doesn't have a headquarters, rather it's a set of investment principles: And it just might be a breakthrough for you in the year ahead. Lionel Lee joins James Kirby in the episode. --------In today's show, we cover: The key principles of FIRE Getting the best from what the movement has to offer A case study that spans a lifetime The realities of 'firing up' Please note, this is a repeat episode of The Money Puzzle. It originally aired in December 2024.See omnystudio.com/listener for privacy information.

Who doesn't love a good movie? Power, romance, ambition, betrayal...actually, that sounds more like a classic 'money movie'. In this special holiday show, The Australian's film critic Stephen Romei, guides us through the best movies about money. Stephen Romei, The Australian's film critic joins Associate Editor - Wealth, James Kirby in this special episode. In today's edition, we cover: Money movies - Do they tell us anything useful? Margot Robbie's double act - How she features in two all-time greats 'The Bank' - Australia's unique contribution to money movies Movies you never thought were about money (but tell you more than Wall Street) See omnystudio.com/listener for privacy information.

Investment markets are sliding in the final days of the year with the ASX 200 looking like it will manage just 8 per cent in total returns: Even Wall Street has softened in the final quarter of the calendar year bringing home about 16 per cent. What a year for the active investor! How was it for you? James Gerrard of www.financialadviser.com.au joins Associate Editor, Wealth James Kirby in this episode. In today's show, we cover: Global markets pull us up The ASX - Large caps bad, small caps good Winners and losers in a volatile year Gold V Bitcoin - No further questions your honour! See omnystudio.com/listener for privacy information.

Terry Ryder of the Hotspotting group is Australia’s top expert in choosing locations for investors.Today he spells out his ‘simple formula’ for the everyday investor that offers opportunity across the national market. Terry Ryder of the Hotspotting group joins Associate Editor - Wealth, James Kirby in this episode. In today’s show, we cover: The Hotspotting formula for finding a successful investment property Which markets will suit the formula best in 2026 Momentum accelerates in the first home buyer segment Has Adelaide property peaked? See omnystudio.com/listener for privacy information.

It sounds reasonable at first glance: Shares on the ASX are up more than 5 per cent over the year to date - add your dividends and you might get close to a 9 percent total return. But then we have a 17 per cent year-to -date return on Wall Street. This is not a once-off: Wall Street has beaten the ASX out the door for more than decade, will it ever change? Gemma Dale, head of investor behaviour at nabtrade joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: The hard evidence that local shares let you down Why Wall Street wins ...and it's not just Trump Gold puts crypto in the shade Should SMSFs pay levy for bad advice? See omnystudio.com/listener for privacy information.

Everyone is feeling the squeeze of sky-high property prices: At the same time, state governments across Australia are actively encouraging 'densification'. No wonder, more investors are looking at optimising the land value of their homes by building out the back. Financial adviser Nathan Fradley joins Associate Editor - Wealth, James Kirby in this episode. Here's a guide: Beyond the 'granny flat' - how tax benefits flow to intergenerational property Can we get on...who pays for what? How recent planning and tax changes make intergenerational living easier Know your rights...why advice is crucial in this area. See omnystudio.com/listener for privacy information.

Why are you holding on to that investment property to help your kids buy a house one day? This question captures the broader concept raised by the 'Die with Zero' movement, which calls for investors to transfer wealth sooner rather than later. Will Hamilton of Hamilton Wealth Partners joins Associate Editor, Wealth - James Kirby, in this episode. In today's show, we cover: The debate over intergenerational fairness Practical tips for helping your children buy a house The broader attraction of 'Die with Zero' An update on the latest home grant blitz See omnystudio.com/listener for privacy information.

Banks won't tell you if you're better off with a fixed-rate mortgage. But strong evidence shows most borrowers will lose when they bet against the bank by settling on a three-year fixed rate. With expectations building that RBA rates may rise, fixed rates seem attractive once more, but you need to know why the odds are against you. Stuart Wemyss of the Prosoluton Private Clients group joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: You fix, you lose: here's the data over two decades The new APRA lending limits How non-banks will now rush the mortgage market Pressure mounts on CGT for residential investments See omnystudio.com/listener for privacy information.

ASIC Commissioner Alan Kirkland is the top cop for consumers in the investment markets - and he wants you to know that those superannuation calculators that suggest you need very large amounts of money to retire can be unreliable.In Kirkland's view, those calculations often tend to be too high.Sure, aspire to having as much as you can in super - but don't believe all you read... especially if it's compiled by someone who gets paid for getting your money on the books. ASIC Commissioner Alan Kirkland joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: What you need to know about superannuation calculators The First Guardian Super Fiasco - can we stop it happening again? A fresh warning on the private credit boom Moneysmart updates its offering See omnystudio.com/listener for privacy information.

Anyone who remembers the powerful escalation in prices for the Sydney 2000 games does not need to be convinced that Brisbane is going to be a very good opportunity in the run-up to the 2032 games. So what's the catch? Today we look at the recent history and challenges of the nation's third biggest residential market... Sam Price, buyer's advocate with Templeton Property joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: Brisbane - Where are the bargains? Why you will need a flood map in the Sunshine State Property 'finfluencers' force Macquarie Bank clampdown Negative gearing reforms - this idea may have legs See omnystudio.com/listener for privacy information.

Matthew Cassidy of Partners Wealth Group has just taken the top spot in this year's Barron's Top 150 Advisers List. He offers a unique perspective on what you need to know about advice, and how to deal with an investment market that is clearly at the top of the cycle. Matthew Cassidy of Partners Wealth Group joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: What you should expect from a top financial adviser How to prepare for a sharemarket downturn Sequential risk - The biggest financial threat to the pre-retiree Taking profits off the table See omnystudio.com/listener for privacy information.

It had to happen, just as the residential property market is rebounding, there are concerns that regulators may 'remove the punchbowl.' NAB has revived talk of rules that would limit investor lending. Meanwhile, the tax office is threatening to deny tax deductions on holiday homes unless investors make their properties available at peak times such as Christmas. Anissa Cavallo of the Eda Property Group joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: 'Rentvestors' are riding the upsurge in residential prices Big banks raise the possibility that lending limits could be back on the agenda The ATO's 'Big Brother' threat on holiday homes New ideas on negative gearing and See omnystudio.com/listener for privacy information.

The avalanche of unlisted private funds aimed at retail investors is at full tilt. It's been a seriously profitable activity for endowment funds: So why have they been getting out of late? It's time to take a hard look at a boom that's raising a lot of questions. Andy Darroch of Independent Wealth Advice joins Associate Editor - Wealth, James Kirby In today's show, we cover: Why are you being sold private equity funds anyway? Disturbing trends in the unlisted market Big Super does unlisted better - can you ever rival it? Clarifying some key issues around the new super tax See omnystudio.com/listener for privacy information.

We tend to discuss the nation's rental crisis in terms of the difficulties faced by young renters: But a one per cent vacancy rate also means anybody selling a home will find it difficult to rent in between selling and buying.This relatively new dynamic in the market also explains why it's Australia's hottest markets such as Brisbane and Perth where there is the least number of homes for sale.No wonder investors are returning to the property market. Cameron Kusher of Kusher Consulting joins James Kirby - Associate Editor, Wealth in this episode. In today's show, we cover: The hidden factor that keeps pushing home prices higher Standby for a lengthy interest rate freeze The damage caused by a universal first home deposit scheme Why the 'Millionaire next door' still has a message for all investors See omnystudio.com/listener for privacy information.

Most active investors are pretty good at making money: After all, if they were no good at it, then they would leave the work to someone else. But what about holding onto it? Does your investment success convert to long-term accumulation? Author Jacqui Clarke joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: The hidden cost of 'expense creep' to your life plans Translating the principles of good management to investment choices Asset-rich and cash-poor - It doesn't have to be this way Cash ETF are worth a look See omnystudio.com/listener for privacy information.

The focus might be on interest rates, but the outstanding driver for residential prices is the lack of supply: We already know home building is falling behind, but apartment numbers are also being held back because the numbers don't add up for developers.In today's show, a leading developer explains why he believes investors can bet the momentum in the market will be very hard to stop under current conditions. Max Shifman CEO of residential developer, Intrapac Property joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: It's not about interest rates, it's about supply The future of the one-bedroom investment apartment Should investors concentrate on transport hubs? What happens if rates start rising again? See omnystudio.com/listener for privacy information.

Australian investors are perfectly placed to profit from the critical minerals boom.In fact, fortunes have already been made and lost on the market.Now the game enters a new phase as both the Australian and US agree to bankroll the sector. Where to start? Josh Chiat, mining correspondent with Stockhead joins Assoicate Editor - Wealth, James Kirby in this episode. In today's show, we cover: Critical minerals - what you need to know? Are you ready to ride the roller-coaster Key stocks in the sector The ETF route into critical minerals See omnystudio.com/listener for privacy information.

It's hard to believe that during the Covid crisis, nearly half of all mortgages were being 'fixed' - today the level is less than 5 per cent. With economists calling the end of the cutting cycle for the RBA, early movers could gain a serious competitive advantage if they fix their borrowing costs in the months ahead. Sally Tindall, data insights director at Canstar joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: Back from the dead: Fixed rates return to centre stage Why we may already be looking at the bottom for bank mortgage rates 'Split mortgages'- a bet both ways? The outlook for deposit rates See omnystudio.com/listener for privacy information.

The Treasurer has finally clarified how the revamped plans for the new super tax will work - including how Capital Gains Tax will work...it's a template for the future, make sure you are up to speed. James Gerrard of www.financialadviser.com.au joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: Final cut on the new super tax Is the gold sell-off serious? Tax consequences of renting your home* If annuities are so good...where are the deals? See omnystudio.com/listener for privacy information.

The opening of a 30 km new line across the middle of Sydney should have been a bonanza for investors; But one year later prices inside the rail catchment area have lagged the wider city market.What happened - and what does it mean for investors betting on infrastructure projects across the nation? Tim Lawless, head of research at Cotality joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: Why prices along Sydney's new rail line are trailing the market Too late to the party? Inside metro house price history Will Melbourne metro have the same story as Sydney? Brisbane's Olympic outlook See omnystudio.com/listener for privacy information.

Gold price records are being smashed. Moreover, the volume of money being sunk into gold ETFs and gold miner shares is also reaching spectacular levels: But does that mean it's the top of the market? Gemma Dale, head of investor behaviour at nabtrade joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: The arguments for a continued escalation in gold prices How Australians are buying their gold What the world's most influential forecasts are predicting Why gold miners can still blow it...even in a boom See omnystudio.com/listener for privacy information.

Investors who have held property as the backbone of their retirement portfolios will be the first in line for the new taxes on super…especially at the top end. But what will the ‘final’ template for the new super tax mean for everyone else? Stuart Wemyss of ProSolution Private Clients joins Associate Editor - Wealth, James Kirby in this episode In today’s show, we cover: Ouch! Super tax on many properties will double Top-end turnover…40% wealth tax will drive sales in luxury property Doing your numbers afresh, super should still beat the alternatives Why this time around the Treasurer will get his tax plan through parliament See omnystudio.com/listener for privacy information.

Most people worry about whether they have enough money to have a comfortable retirement. Financial adviser James Wrigley has a framework to help people better plan and therefore enjoy the retirement they want. In this episode, James Wrigley joins The Australian's Wealth Editor Julie-anne Sprague to explain his top tips to knowing what you need to retire on and how to get there. Also on this episode: How to work out how much you need to retire on Strategies to build wealth into retirement How James Wrigley became big on social media Super contributions to maximise tax benefits See omnystudio.com/listener for privacy information.

The major banks don’t usually offer big deals to first home buyers, usually because beggars can’t be choosers. But that's changing. There's big incentives on offer, including massive amounts of frequent flyer points and lower interest rates. So, can you snag a better deal even if you're not a first home buyer? The Australian's wealth reporter Anthony Keane joins Julie-anne Sprague, Wealth Editor at The Australian, to unpack the latest. Also in this episode, we detail how you can build an investment property without parting with a single cent. How much equity do you need in your home to be able to do this, what are the traps to be aware of and how can you maximise returns? See omnystudio.com/listener for privacy information.

Many parents and grandparents want to be able to help their children, and do so while they’re alive rather than leaving a large inheritance. But there are tax implications and gifting rules to be mindful of. In this episode, co-founder and head of financial advice at Leeuwin Wealth Jason Featherby sits down with The Australian’s Wealth Editor Julie-anne Sprague to explain the tips, tricks and traps to helping your adult children financially. In today’s show we cover: Tax implications by gifting property to family members How to know if you’re financially secure enough to help the kids Why you should never close out your mortgage And why it might not be a good idea to be a secondary credit card holder See omnystudio.com/listener for privacy information.

House prices across most capital cities are expected to rise over the next 12 months. So how do you pick which is the best one to buy an investment property? How can you pick a stand-out market and what are the traps for investors when buying property in rising markets? Empower Wealth managing director and podcast co-host Ben Kingsley joins The Australian's Wealth Editor, Julie-anne Sprague. In today's show, we cover: The government's expanded First Home Buyer Scheme Is there a potential property bubble forming in parts of the market? What investors should prioritise when buying a property How to choose one suburb over another to maximise profits See omnystudio.com/listener for privacy information.