The Wotherspoon Wealth Blog

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What I learned about Investing from Metallica & Megadeth

In the early 1980s, a talented young guitarist was kicked out of his band. The band had just been signed to their first record contract, and they were preparing to record their first album. A week before recording began, they fired the guitarist. There was no warning, no discussion. The...

Persia

Some of you may remember our previous travel blogs… ‘Inspirational Iran’, ‘Surprising Romania’ and ‘Romania to Slovak Paradise’… well, here’s another covering Iran, Armenia, Georgia and Greek Macedonia (much of the old Persian Empire): The ancient Silk Road trade route linked Europe with China and India through Persia via Byzantium...

‘Burning’ for astute regulation

Though well intended, government regulation of investment advice over the last twenty years created supervision and compliance that suffocates financial service delivery. Political appetite for higher governance and control has driven the following: Financial Services Reform (FSR) Act of 2001, 2009 Ripoll inquiry, 2010 Cooper Review, 2012 FOFA Legislation, 2014...

Investing lessons from the election

Few companies or investors expected the recent Coalition Federal election win but many were apprehensive about Labor’s proposed changes.  So anxiety about franking credits, capital gains tax and superannuation policy stability has now eased.  What does the next 3 years now hold for investors? The election result reinforced some investing...

Choose Your Budget

The proximity and timing of the Federal Budget and upcoming election means that neither the Coalition nor Labor have provided much Budget detail. Instead, voters must choose from their policy ideas. Whichever you choose, they won’t be legislated until the winning party can call the new parliament together and persuade...

Labor Changes for Investors

The proposed changes affecting investors if Labor are elected federally involve negative gearing constraints, less capital gains tax concessions and no longer refunding franking credits for those who don’t pay tax. Before we recap on the detail of the proposed Labor changes, let’s recall the background. In 2010, the Henry...

Changing a Culture of Greed

Unveiling the extent of greed, abused trust (even predation) in the banking and financial sector has disturbed all Australians.   It’s sullied all financial service providers, whether deserved or not.  Let’s hope consequent changes can significantly shift that culture to one where ‘client first’ rules. In treading this path over...

Wotherspoon Wealth: 2018 FPA Professional Practice of the Year

On 21 November 2018, Wotherspoon Wealth was recognised by the Financial Planning Association (FPA) of Australia as the 2018 Professional Practice of the Year. We are incredibly proud of our work so far, and of our team in living and breathing the highest of standards in providing valuable advice and...

Top 5 Investor Insights For 2019

2018 was another interesting year for investors with particularly volatile markets since October! So how does 2019 bode for investors?   No more ‘easy money’ The market significantly shifted its thinking on interest rates and monetary policy during 2018. Since the GFC 10 years ago, global central banks busily stimulated...

Patience Pays

For investors, there is always something to worry about but history shows the huge benefit of long-term investing. For over 140 years, our Australian stock market made positive returns 80% of the time. Over that time the average growth rate has been 8-9% p.a., including 4.5% dividend and despite some...