• Money Matters,  Retirement

    Royal commission into the financial services industry

    The Royal Commission into the financial services industry has uncovered serious dishonest behaviour by the banks, financial planners and other financial institutions. The fraudulent behaviour in the financial services industry is very disturbing. Charging people a few years after they have died; poor advice from financial advisers; falsely witnessing signatures and so it goes on. As of 27 April 2018, the Commission has received 4501 public submissions. The worst offender out of the big four banks is the Commonwealth Bank of Australia (CBA). Now it has just emerged that the CBA lost statements linked to 20 million customer accounts. While CBA has assured customers, their personal information has not been…

  • Money Matters,  Socio-Political

    Super slippery slide

    It seems like the global economy is heading for uncertain times gives the Brexit situation and the question I asked is “are we on a super slippery slide economically”? If you are reading this and don’t know what ‘Brexit’ means just turn on your television and within minutes you will be a Brexit expert. While all the negotiations for Great Britain to exit the European Union are underway how stable will the economy be in Australia and how will it impact our local economy? The landscape is unknown and in the days ahead the Australian government may have to negotiate a minefield of issues. Do we have to panic? No!…

  • Life Day By Day,  Life Matters,  Socio-Political

    NQR – not quite right

    I just came across the NQR – “not quite right” term and I am adopting it as my favourite term, at least for a while. There are so many things I can respond to with NQR. In doing so I get the sense that I may sound a little like “Kath” from the Australian Television comedy series, but I can live with that! Firstly, I discovered there is a grocery store in Victoria called NQR which sells factory seconds and excess stock. They have been operating in Victoria for over 20 years. It’s just NQR that I haven’t heard about them but perhaps that is because I live in Queensland. If…

  • Money Matters,  Retirement

    Super Snoop

    If you have super perhaps you would like to join me in being a “super snoop”.  It is not advisable to turn a blind eye to what is going on with your super and leave it only to the “experts”. If you are like me and retired there are no further earnings from your employment. At the moment money in bank accounts is earning very little. For example, if you invest $10,000 – $50,000 with the major banks you will get anywhere from 2.50% – 2.80% for a 12 month term deposit (paid at the end of the term). Investing $20,000 with a bank on this basis will return around $520…