How to rebuild your super after early release access
If you've accessed your super early under the COVID measures introduced this year, Wayne shares some ideas on replenishing it.
read moreGlobal Markets Snapshot - Winners & Losers
So what is happening on the Australian & Global share markets right now? What a time! Let’s look at the initial crash, the recovery, the winners and losers and what this means for those looking to retire in 2020.
read moreThe Government Stimulus Package - Can We Afford It
Can we afford the recent Government stimulus? How do we pay back the debt? What are consequences of not doing this?
read moreTax Refund - How Best To Use That Unexpected Windfall
Wayne was interviewed for this piece in The New Daily on what is a hot topic at this time of year.
read moreRetire in comfort when you know the risks
My retiree clients have been pleasantly surprised with a decrease of 1.5% decrease during this global pandemic. The key to this solid outcome is understanding risk properly.
read moreHow To Spend Your Tax Refund
Wayne and three other financial advisers were asked to contribute to a story in Yahoo Finance on some left-field ideas on how to use your tax refund.
read moreHow NOT to handle your finances during COVID-19 downturn
“Why haven’t you contacted me to suggest selling my shares and moving to cash? Then I can wait until COVID is over, and then buy back in.” This client heard this idea from her work colleagues. Water cooler financial planning at its best.
read moreThe Lucky Country - Why We Have (Again) Lived Up To The Title
Three reasons why Australia may come through this period of global misery better than most countries.
read moreProtecting the relationship when borrowing from friends or family
In times such as these, borrowing from friends and family becomes more commonplace. But, it needs to be approached with caution. Wayne was interviewed on the subject for this piece.
read moreIncome-protection policies may offer relief for mental stress - JAMES GERRARD, The Australian
Mental Stress may be covered in income protection policies
read moreCoronavirus and the economy
Yeah, I know! Nothing for ages, and then posts on consecutive days! But, this summary of where Australia is at economically right now is too good and timely to not share.
read moreStay The Course
Hello, friends. Sorry that we've been a bit quiet while we deal with the fallout from COVID-19. While we haven't been active on social media very much, lately, we HAVE been communicating with our clients. Still, the messages we have been presenting to them are relevant to ALL of you, so we thought we should share. Here is the first of these just as it was presented to our clients.......
read moreFinancial Advice Worth More Than $ Value - Report.
It’s been an extraordinary start to the year for many with devastating bushfires in Australia and now the outbreak of coronavirus in Asia. Certainly, a very difficult time for many and our thoughts are with all those affected. Our friends at Fidelity International have released this timely reminder of the value of advice which we thought you would find of interest.
read moreHere’s why investing for wealth is better than being a doomsday merchant
We've always admired Peter Switzer and the way he views the financial world. This, his most recent effort, is bang-on! #playthelonggame
read morePatience will be rewarded!
With the sharemarket experiencing conniptions in recent times, it is appropriate to consider the merits of playing the "long" game.
read moreA Timely Reminder of the Long-Term Nature of the Share Market
Will global shares set to enter the twelfth year of the current bull market, AMP Capital's Dr Shane Oliver issues a timely reminder of why it is important to play the "long" game when it comes to growth assets, how patience is rewarded and the folly of trying to "time" market movements
read moreReal McCoy Worth Dough
Most recent effort for Your Money, which ran in The West, Monday, Nov 11. Usually aim more at the public interest, but this is too significant an issue to not publicise.........
read moreFinding Humour in the Markets
A market update from the desk of Amit Lodha, Portfolio Manager, Fidelity Global Equities Fund
read moreHas FASEA Invoked the Nuremburg Defence?
As one of the three “victims” of this FASEA nonsense named by Sen. Stoker in Parliament last week, I applaud her for the tenacity she showed in highlighting this farce. Nobody in their right mind would attempt to argue that a university graduate with one year’s experience in financial planning is better qualified to advise the Australian consumer than someone who has been happily, and ethically, engaging in the profession for four decades. Yet, that is exactly what FASEA (Financial Adviser Standards & Ethics Authority) are endeavouring to impose on the industry. #FARCEA
read moreCan you afford to have kids? Here’s how to prepare yourself financially to start a family
Wayne was interviewed for a feature on this topic in The New Daily online magazine
read moreBoom Times Ahead for WA?
With stat's such as these being published, it's hard not to feel "bullish" about the prospects for WA's economy.
read moreBeware the Effect of New Rules for Financial Advisers
Nobody would argue that measures to regulate and improve financial advice were not worthy of merit, but there could be serious ramifications of the magnitude and pace of the changes, both inside and outside the industry. The West Australian, Monday, Aug 19, 2019.
read moreThe longest US economic expansion ever – does this mean recession is around the corner?
Now that the post_GFC bull market run is over a decade long, many are suggesting it's due for a correction on the back of a global recession. Here, AMP Capital's Shane Oliver gives a logical explanation as to why these fears may be overblown.
read moreWhy the banks aren't passing on the rate cuts in full.
This is a question that comes up frequently, with the banks copping significant criticism for not doing so. This bulletin from our friends at Mason Stevens explains why not.
read moreThe nine most important things I have learnt about investing over the past 35 years, by Shane Oliver
My nine most important lessons from investing over the past 35 years are that: there is always a cycle; the crowd gets it wrong at extremes; what you pay for an investment matters a lot; getting markets right is not as easy as you think; investment markets don’t learn; compound interest applied to investments is like magic; it pays to be optimistic; keep it simple; and you need to know yourself to succeed at investing.
read moreRate relief at last!
As we predicted here in our last blog, the Reserve Bank of Australia finally cuts cash rate to record low to give stalled economy a boost.
read moreThere's great news in the offing for home loan borrowers, both current and prospective!
More for less: The RBA and banking regulator changes coming for your mortgage
read moreFinancial Advice - Who Needs It?
Association of Financial Advisers CEO, Phil Kewin, addresses this vexed question in a very succinct manner.
read moreWhat a change of government will do to your super is devastating!
If Australia votes to change the government on May 18, abandoning any plans for financial independence in favour of the Age Pension may become an appealing prospect, albeit one the country obviously can't afford!
read moreAustralian Inflation Undershoots
Australia's inflation rate remains below target. What does this mean for the Australian economy and investors?
read moreWealth & Wellness - There IS a connection
Wayne Leggett presenting on this topic at Corpus Christi College.
read moreSmart Tips to Boost your Super
Paramount Director, Wayne Leggett, was interviewed for this piece in Lifestyle Magazine
read moreCould Friday night's take-away curry cost you approval of your next home loan application?
Future home owners will have to think twice about ordering in on a Friday night as banks look to follow customers’ financial footprint in a bid to better assess their borrowing capacity.
read moreParamount clients meet the Premier
Last week, Paramount Wealth Accountants principal, Danae Coombs, took clients Dr Anjana Thottungal and Dr Gordon Das to the Premier's Breakfast to support Leeming Spartans Cricket Club. The three of them are pictured here with Premier, Mark McGowan.
read moreShut out the Noise!
Talking investment specifics isn't my usual "go", but happy to be interviewed by "Money" Magazine
read moreSave for your retirement...... and you'll need $1m+ to make it a good one!
I wrote this piece quite some time ago in response to a column at the time in Your Money. It finally ran Monday last week. If you're wondering how to get your $1m+, call us for a complimentary initial discussion.
read moreOliver's Insights: Seven Lessons from the Global Financial Crisis
September 15 marks the tenth anniversary of what is generally recognised as the beginning of what we in Australia call the Global Financial Crisis, or GFC, for short. As we look back over the last decade, it is worth contemplating what we should learn from those disastrous events.
read moreInnova Questions Conventional (Investment) Thinking
WEEKLY COMMUNICATION 28th August 2018 Summary Last week Australian equity markets didn’t fare too well, but the AUD showed some strength with the announcement of Scott Morrison as the new Prime Minister The US Federal Reserve had their famous annual meeting in Jackson Hole, where Jerome Powell gave what was perceived as ‘dovish’ sentiments to the markets – Dovish meaning he was interpreted as being more likely to slow down rate increases than accelerate their pace (that would be a ‘Hawkish’ stance) Emerging markets had a well needed rally, as the ‘Dovish’ sentiment from Jerome Powell led to slight weakness in the USD. Generally, market participants consider a strong USD as bad for Emerging Markets (we think this is a very one dimensional view of the world - it’s also a lazy way to think because all one is doing is looking at history to draw inferences about future outcomes, whilst neglecting contemporary context) Bonds in Australia did very little, while they rallied in the US. Most commodities did well over the week
read moreFeelgood Friday #12
Last Saturday, my wife and I spent a couple of hours selling raffle tickets on behalf of read more
Innova Weekly Bulletin
We don't publish these EVERY week, but where we feel the content is of interest to our followers, we do.
read moreHow to talk money with children
In case you didnt know, its Financial Planning Week. As part of the public awareness campaign, an ebook entitled How to talk money with children
read moreCompare the Pear………….or is one an apple?
The findings to date of the Banking Royal Commission have cast very large shadows over much of the financial services industry.
read moreNine Keys to Successful Investing
There is no magical formula, but AMP Capital's Dr Shane Oliver outlines some sound principles here....
read moreRegression to the mean; respect skill but acknowledge luck!
Investment skill is a key justification behind investment decisions. So why does regression to the mean explain so many results? Dan Miles takes a closer look.
read moreLast-minute EOFY planning
With the end of the financial year just around the corner, it's time to get things in place to maximise your entitlements and benefits. Here are some strategies you can still take advantage of this financial year.
read moreRussians, Saudis, POTUS and the R word
Our clients are aware of why we hold Innova Asset Management in such high regard; their ability to sift out the hype and hysteria often associated with investment and make dynamic investment decisions with a cool head. Their most recent weekly client bulletin is a clear example of this.
read moreParamount Director quoted in Money Magazine
In the April issue of Money Magazine, Paramount Director, Wayne Leggett, was asked to contribute a few money tips from the perspective of a financial adviser.
read moreHelping secure WA's economic future
While mining is not the most sustainable industry you could choose, the net environmental gains from lithium mining, compared to other means of energy production, are hear do argue with. It also provides a source of jobs and growth for future generations of Sandgropers.
read moreAustralia's "love" affair with debt.........is it a problem?
We've always been bemused by the measurement of houshold debt as a percentage of household income. While it is rising, and perhaps at a disconcerting rate, AMP Capital's Dr Shane Oliver, explains why it is not as alarming as you might think and why other measures are more relevant.
read moreFocus on the Outcome NOT the Journey
This column by Wayne published in Your Money in The West Australian , Monday, Feb 5 is very timely, given the events on markets over the last couple of days.
read moreNothing says "thanks" like a successful referral
Nothing says, Thanks for doing a great job more than when a client recommends your services to their friends. And when that results in a new client,
read morePlanning a Holiday?
Even though summer is here, it’s not too late to do your financial planning for the holidays – or start planning for 2019. Here’s how to minimise your financial stress for a well-deserved break.
read moreUpdate On Quintis Ltd
As many of our clients have an interest in this business, we provide an update on the most recent meeting of shareholders.
read moreLast Your Money Column for 2017
May not have Rowan Jones' profile, but at least the message is out there. Stand my for more money guidance in 2018.........oh, and don't blame me for the spelling of "dammed". That's on the editor :P
read moreWhy cautious optimism is better for your investment health than perma pessimism
AMP Capital's Dr Shane Oliver asks whatever happened to the renowned Aussie "She'll be right" attitude, addresses the possible reasons behind our current pessimistic sentiment and proposes why, in his view, such pessimism is unwarranted.
read moreEight Painless Ways to Get Ahead Financially
Myself and a few industry colleagues were interviewed by journalist, John Collett for this piece in the SMH.
read moreBitcoin; burgeoning opportunity or bubble set to burst?
This new phenomenon is engendering a great deal of interest and enquiry of late. One of our regular sources of research, Dr Shane Oliver, Chief Economist at AMP Capital, has put together this excellent paper on the topic.
read moreThe Pros & Cons of Downsizing
We're always happy to be quoted in the press. In a feature on retirement issues in The West Australian, Wayne was asked his views on the government initiative of encouraging retirees to "downsize" the family home to free up funds to add to super.
read moreMelbourne Cup holds superannuation message.
Like the race that stops the nation, past performance, management and weight can be indicators of super success, says a KPMG super and tax partner alongside his tips for the Melbourne Cup.
read moreWould a Reverse Mortgage Help Ease the Squeeze?
In his article on this subject which featured on SMH online yesterday, Sydney Morning Herald journalist, John Collett sought the opinion of Wayne. along with others, on the role reverse mortgages might play in the financial lives of older Australians.
read moreAdvised families have additional $240K at retirement
A Sunsuper-commissioned study has found young Australian families who receive financial advice are likely to be almost a quarter of a million dollars wealthier at retirement than their unadvised peers.
read moreInterest rates locked in until 2020 says Westpac chief economist
We at Paramount Financial Services Group have been in the "No Rate Rise Soon" camp for quite some time. Turns out Westpac Chief Economist, Bill Evans, agrees. That says two things; 1. Don't go fixing rates any time soon, and 2. Don't get your hopes up about rising real estate prices in Perth.
read moreTake Advice Before Shifting UK Pensions
As promoted on 7 News Perth last night, today's Your Money liftout in The West Australian - thewest.com.au focussed on UK pension transfers. Primary contributor to the liftout was our own resident (and, arguably WA's foremost) UK Pension expert, John Goldie, referred to in the article as Principal of Sterling Planners, which is the brand under which we trade for UK pension advice. If the feature prompts any questions, John's the man to answer them.
read moreAre we the key to you retiring in comfort?
Australians who engaged a financial professional were more than three times more likely to feel better prepared for retirement than their counterparts that went without financial advice, according to an MLC report.
read moreExperts will block the shocks
Wayne had another of his regular columns run in the Your Money liftout in the Monday, August 28 edition of The West Australian.
read moreAccess the Live The Dream Research Report
Our research revealed that Australians who are living the dream are nearly three times more likely to seek financial advice than those not living the dream! The FPA Live the Dream research report contains this and other compelling insights.
read moreAre You Living Your Dream?
To mark day 4 of Financial Planning Week, they inteviewed 7 people on what living the dream means for them.
read moreHow Baby Boomers’ needs have changed
I was interviewed for this very interesting piece in the current issue of Professional Planner Magazine.
read moreYour chance to win $5,000!
The Financial Planning Association of Australia (FPA) is giving consumers a chance to win $5,000.
read moreThe break higher in the Australian dollar is likely to be limited- this is not 2007 all over again!
Because we only tend to think of exchange rates in terms of how they impact our spending power on overseas holidays, it's hard to think of a rising A$ as a bad thing. Here Dr Shane explains why it is, but also suggests that this recent spike is temporary.
read moreThe Advice Business of the Future
Wayne was one of a number of financial planners asked for their views on what the successful financial advice business of the future would look like.
read moreNew Study Reveals Perth Homeowners Struggling with Mortgage Stress
And, if this is true now with record low interest rates, what will it be like if the forecast of eight rate rises in the next two years comes true?
read moreMany a true word spoken in jest.
While we know this isnt what actually happens over there in the puzzle palace, sometimes it feels like it. If youre confused about the latest bout of super changes, plus those from last year that are just about to kick in, give us a call
read moreBanks grab profits from rate cuts
Researchers have found banks have discovered more ways to grab profits.
read moreNew Measure Allows Released Home Equity to be Added to Super
An announcement in the recent Federal Budget proposes that those over 65 can add equity released from selling their home to their super without having to meet age, work or limit tests. But, as Wayne points out to readers, caution needs to be exercised to ensure that you end up better off.
read more"Consolidate your super to boost your balance", Wayne tells viewers on 7 News
Wayne tells viewers on Seven News the benefits of consolidating super funds.
read moreA new outdoor entertaining area to go with our new website
Paramount has a new look in more ways than one. In addition to our bright and shiny new website, we have just completed our alfresco entertaining deck at the office.
read moreRise in Consumer Confidence in Financial Advice
Paramount Director, Wayne Leggett asked to express his views on the impact of recent financial services legislation on consumer confidence.
read moreWhere to now for Australian house prices?
SMSF Adviser talks to AMP Capital’s chief economist Shane Oliver who answers the ‘million dollar question’ – will prices ever level out in the Australian residential property market?
read moreBonds one way to help the grandkids
Column in The West quoting Wayne on ways to save for grandchildren's future
read more"Top Advice Helped Me", says client
Long term Paramount client, Kim Collard, was interviewed by The West Australian to give his views on why he has a Self Managed Super Fund
read moreTax effective investing above $180K
As a general premise, there are only two ways in which you can, legitimately, reduce your tax liability; earn less or spend more (on tax deductible expenditure).
read moreChanging Public Perception
At a social function on New Year's Day, I was asked by another guest, whose son was about to embark on a career as a financial adviser...
read more