Money Over 50

Dallas and Michael discuss the likelihoods of a lot "what if" scenarios that appear and how much energy an investor should put into these problems. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Last year provided the world with many challenges and reasons for panic. The largest of these being the Covid-19 pandemic which has changed the world we live in and is still affecting our lives to this very day. It was the main cause of the Covid-19 recession, a global economic crisis, which seen some of the fastest plunges in the world's markets ever seen. But the world chugged on, adapted, and seen it's great companies become even greater. We hope your financial adviser advised you not to panic, remain invested, and stick to the plan; if so, we know you're doing OK.

Michael and Dallas discuss the importance of having a financial planner who prescribes you with the "medicine" you need to assist your financial health, rather than a financial planner who gives you exactly what you think you want even if the advice is not necessarily in your best interest (much like a waiter). For all listener questions/feedback, please contact the team at podcast@mo50.com.au

You are fighting a losing battle if you believe that protecting your principal is the goal; you should be focusing on protecting the growth on the income your income produces. 
For all listener questions/feedback, please contact the team at podcast@mo50.com.au

It's easy to think that financial advisers only crunch numbers to come up with a complex financial plan suited for their clients. In reality, a large part of being a financial adviser is the behavioural advising side. It's all well and good to be able to write up a technical plan for a client, but if we aren't able to remove bad habits and develop good ones, there will be no point providing the client with the plan. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Focusing on the long-term goals, can make life in the investing world a lot easier. It allows you to keep on track with your plans and prevents you from making any rash decisions that may come with short-term issues (such as market volatility). For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Imagine being a part owner of some of the greatest companies in the world and earning an income from them with little to no work. This is the beauty of owning shares in some of the greatest companies in the world.
For all listener questions/feedback, please contact the team at podcast@mo50.com.au

In this episode, Dallas and Michael discuss the importance of protecting the purchasing power of your retirement savings. As we all know, inflation is a very real thing, and the $1 that you spend this year will be worth waaaaay less in the future. For all listener questions/feedback, please contact the team at podcast@mo50.com.au