Paridhi Jain believes that getting good with money shouldn’t be hard, scary, or boring.
We couldn’t agree more!
Paridhi is the founder of SkilledSmart, an education program she calls ‘money school for adults’. Whip-smart and passionate about helping Australians better understand their finances, we caught up with Paridhi to discuss why adults need money lessons and how her early career speaking to people in financial stress planted the seed that led to SkilledSmart.
This article originally appeared in the ASX September 2018 newsletter.
Phenomenal ETF market growth of 70% over the past two years in Australia.
The growth of exchange-traded funds (ETFs) continues to be the biggest trend in asset management of recent decades. Their prominence has grown as the sector has matured and investors seek better diversification for their portfolios.
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There’s no shortage of investment websites and blogs out there.
Here are 3 of the best investment blogs that I love learning from each week and that I think should be high on every investors reading list.
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Investing is the best way to create long-term wealth and financial independence.
If you’re just starting out no doubt you’ve figured out that it can be confusing at first. There are lots of decisions to make so it’s important to make sure you’re prepared to give yourself the greatest chance of success.
With this in mind, here’s the five things we think everyone should consider before investing.
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Stephanie Bendixsen is one of Australia’s most well-known personalities in the video game industry.
She began her career in 2009 when she joined the ABC’s popular gaming show ‘Good Game’ as its first full-time female presenter. She has since gone on to present a long list of gaming shows and documentaries, while also finding the time to author a series of children’s books: Pixel Raiders. She is now in production with National Geographic on a new exploratory show that seeks to unearth fascinating discoveries about Australia’s science and history.
We were lucky to grab some of Steph’s time to dig into her career, discuss female representation in tech and gaming, and importantly: how she moneys!
We’ve made investing for children free!
We all want the best for the little ones in our life. So naturally as investing evangelists we believe children should be able to benefit from investing in the same way adults can.
Which is why clients who invest on behalf of a child will no longer be charged fees for portfolios up to $10,000^.
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It’s that time of the year again when super funds release their annual performance. This blog looks at how the funds twist their performance relative to other funds and indexing. The funds’ PR is parroted by the ratings agencies whose tables and good news story are accepted at face value by the media.
Firstly, we look at how funds manipulate their inclusion into the categories set by the ratings agencies.
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Something you may not put a lot of thought into when you invest is how those investments are held. Sometimes investments aren’t legally owned by you but instead owned by another entity on your behalf. That may sound like a minor difference however there can be significant consequences when it comes to security, tax, costs and the portability of your portfolio.
Broadly investments can be held in 2 ways:
Directly by you on your own HIN (Holder Identification Number)
Indirectly via a commingled fund or omnibus account structure
Historically stock brokers used a direct ownership model, so each of their clients had their own individual investment account or HIN and all investments were registered on the ASX’s computer system called CHESS (Clearing House Electronic Subregistry System). If the stock broker went bust it didn’t impact the end client because their investments were safely separated.
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Australian share ETFs continue to gain in popularity. As of May 2018 there is over $10 billion invested ETFs tracking Australian shares.
Each year we compare all 175+ ETFs in our Australian ETF Report. Here we road test 5 popular Australian share ETFs, comparing them across 6 factors:
“Rent money is dead money” or so the saying goes. It’s a popular myth perpetuated by plenty of people working in the real estate industry. However as at June 2018 capital city house prices experienced their first annual fall in 6 years, dropping -1.1%. With house prices cooling, renting is starting to look attractive again.
Like any financial decision, there are costs and benefits associated with buying or renting. Here we discuss some of the important pros and cons to consider when deciding whether to rent or buy and look at which one has really worked out better over the long term in Australia.
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Some people have unthinkable depths of grit, determination and talent. They achieve amazing feats while the rest of us shake our heads in wonder. Matt Levy is one of these people. Matt is a 6 time Paralympic swimming medallist, his most recent win saw him return home with the gold medal from the Commonwealth Games on the Gold Coast.
His days start at 4.30AM, consist of 5km of swim training, then he goes to his day job, or in his words “train, eat, sleep, repeat”.
Stockspot was lucky to talk to Matt about the incredible challenges he faced in early life and how he balances a professional sports career, charity work and managing his finances.
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One of the main challenges investors face is ‘when is the right time to invest?’
As an investor your aim is to make money, so naturally it’s tempting to try and time your entry into the market and wait for prices to fall to grab a bargain. The problem is investment markets can move quickly and you’re just as likely to miss out on making good returns by waiting to invest.
The truth is markets can go up, down and sideways over the short-term and it’s almost impossible to pick the top or bottom (even for professionals). However if you’re completely out of the market you have no way to benefit from the gradual increase in prices over time.
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ETFs continue to be the biggest disruptor to the asset management industry and at the same time are blurring the lines between different styles of investing.
Over the past 15 years, over US$2 trillion has moved out of active funds and into index funds and ETFs. Globally the ETF market is projected to reach US$10 trillion by 2020 and be larger than the active managed fund market by 2027.
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Not all industry super funds are equal, here’s how to spot a good one.
The Productivity Commission recently released their draft report on superannuation efficiency and competitiveness. What they found mirrors our Fat Cat Funds Research that shows that while Industry super funds outperform Retail funds, there are plenty of areas for improvement.
Our 5th annual Fat Cat Funds Report, analysed over 2,000 super funds and 2,000 managed funds to see how they performed over 5 years.
Once again we found industry super funds beat retail super funds across 10 of 11 investment categories. Industry funds had a smaller percentage of Fat Cat Funds and more Fit Cat Funds.
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Lisa Messenger is the vibrant CEO of the Messenger Group, as well as Founder and Editor-in-Chief of Collective Hub. She previously worked globally in events, sponsorship, marketing, PR and publishing, has authored and co-authored 24 books and is now an authority in the start-up scene. She encourages an entrepreneurial spirit, creativity, innovation and lives life to the absolute max.
Stockspot spoke to Lisa for our People and Perspective series about career challenges and entrepreneurship.
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Over long periods of time, markets have always risen and generated wealth for investors. That’s much harder to see if you’re focused on market movements over a few days, weeks or even months.
In the 4 years since Stockspot launched, all 5 of our portfolios and all 5 of the the core ETF investments within our portfolios have risen in value.
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Buying your own home has always been considered “the great Australian dream”. It stands to reason that saving for a house deposit is one of the most common goals our clients have.
There is no doubt that it’s getting harder to buy a house with the average deposit needed being well over $200,000 in Sydney and Melbourne. The amount required also very high in most other capital cities.
If you’re going to chase your property dream it’s important to do your homework up-front and be mentally prepared for the road ahead. Here are a few questions I found myself asking when deciding whether to buy.
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This week we’re excited to share that Stockspot turns 4!
Here’s a quick look back at where we’ve come..
Since Stockspot launched in 2014 I’m delighted we’ve been able to help thousands of Australians invest to get closer to the life they want to be living.
We’ve seen clients who have been able to fund all sorts of aspirations, including buying first homes (including one houseboat!), travelling, home renovations, take career breaks, buy a car, pay for school fees and retire.
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Bruce Djite is one of Australia’s leading international soccer players. He debuted for the Socceroos in 2008 and has played professional football in Turkey, Korea and now Indonesia. Closer to home he still holds the title of Adelaide United’s all-time highest ever goal scorer.
Bruce is a Stockspot client and a keen investor. We had the chance to chat with Bruce about money in professional sport, living around the world and playing for Australia.
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Five years ago this month I started Australia’s first online investment advice company. One of the reasons I set it up was that I saw too many people getting poor investment advice.
The traditional wealth management industry was positioned in TV advertisements as a way to get peace of mind and secure your future. Behind the scenes it was designed to do exactly the opposite. People were being overcharged, given poor advice and pushed into products that actually harmed their ability to reach their goals.
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Playing 2-up this Anzac Day? Here’s something you can throw back at anyone who questions your judgement to take part in this Aussie tradition.
You’ve got a better chance of success at 2-up than you do making money on picking shares. Your chance of making money buying shares is 42%. At least in 2-up you have a 50% chance of walking away ahead.
ETFs are often considered ‘passive’ investments, but in recent years their issuers have become much more active when it comes to their voting rights.
As ETFs have become more popular, the big 3 issuers – Blackrock (iShares), Vanguard and State Street Global now own significant percentages of many large companies around the globe. These funds find themselves in a unusual position, their success depends on the returns of the companies they invest in, yet unlike active managers, index funds can’t sell to take a stand on particular issues.
ETF issuers are coming under more pressure to take action on corporate matters via their ‘proxy votes’.
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We’re creatures of habit. We gravitate towards things that we know and feel familiar with. If it makes us feel safe, warm and fuzzy we’re 100 percent in.
The technical term for our penchant for things we know is familiarity bias. We gravitate to “the devil we know”.
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Bronwyn Bruce is the founder of Miss Money Box, an educational blog to help Australian women expand their general knowledge around personal finance.
Like us here at Stockspot, she’s passionate about improving financial literacy and helping educate more Australians to have a better understanding on how to manage their savings. This started from a childhood passion for shares and being fed-up with how financial services market to women. Miss Money Box is all about taking control of your financial future.
We wanted to get to know the brains behind the money box so we sat down with Bronwyn to find out more about how she got started on her personal finance journey.
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