Money Over 50

257 Don’t spread your eggs (when you’re already highly diversified)

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

256 75c McDonald ice cream cones (things are going to cost more money in the future)

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

255 The stock tip

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? 
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254 Directionally right is more important than precision

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

253 Having a healthy diet doesn’t guarantee a long & healthy life

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

252 There is nothing wrong with a 50% drop (when invested in good quality companies)

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

251 Attitudes of money - it can’t make you feel safe and be unreliable at the same time

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

250 Happy 30th birthday superannuation

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