Smith & Maddern Financial Services Pty Ltd - Company Message

Recent Posts

Insurance - Don't Go It Alone!
Wealth planning across the ages...
The Spirit of the ANZACS
7 Trending words of 2014
Australian demographics 2014


Economic commentary
Estate planning
Financial Planning
Health & Wellbeing
powered by

My Blog

Insurance - Don't Go It Alone!

There is no doubt that the very thought of claiming on your own insurance policy is depressing, but extensive research tells us that you (and even me) may be unable to work for an extended period during your life due to sickness or an accident. The problem is that nobody has any idea of when that might happen. Please try to fight the urge to stop reading now and ‘worry about it laterbecause there is an important message here.

It’s a confronting topic that makes us think about our own mortality. However, as a financial adviser I have helped many clients through the process.

Wealth planning across the ages...

For previous generations of Australians, retirement usually meant ceasing work and hoping to live long enough to qualify for the age pension. Apart from the family home and personal belongings there were usually no substantial assets to leave behind for children or other family members. Superannuation has changed all of that.

The super impact

Superannuation became compulsory over 20 years ago, and as a result, retirement funds have grown exponentially. There is also a plethora of retirement income products that offer more choice in how money is managed.

The Spirit of the ANZACS

This time of the year is always very special to me, as I know it is to many, many people.

I will be attending the Dawn Service at Mt Macedon tomorrow morning, together with my family...the kids look forward to this event every year, and it is now a tradition in our household.  They don't mind getting up early, and heading up the mountain in the dark to remember the soldiers...they understand that the small amount of discomfort that we feel, just by getting out of bed earlier than usual, is just our way of honouring the enormous sacrifice of all those brave men and women who have fought in the conflicts of the past, as well as in more recent times.

7 Trending words of 2014

I'll bet there are some new words out there that completely bamboozle you!  Me too!

I learned something new by reading this blog post from McCrindle the link below!

Happy reading!

Australian demographics 2014

Do you wonder how all the information collected by the Australian Bureau of Statistics translates into data that means something?

Click on the link below and you can view a video put together by McCrindle's very cool!


A reflection on interest rates

A reflection on interest rates

With the constant public focus on interest rates, particularly the first week of every month when the Board of the Reserve Bank of Australia (RBA) meets to determine its movement, many people don’t fully understand the power of the term “cash rate”. Here is an explanation.

In most developed countries, the official interest rate sets a benchmark from which mortgage, credit card and other loan rates are based. If interest rates are “low”, individuals, businesses and governments will borrow to invest or increase consumption.

How exchange rates affect us

How exchange rates affect us 

Our Aussie dollar moves up and down against the US dollar, euro, pound and yen daily – but what does it all mean and how does it affect everyday Australians? Here is a simple explanation of the impact of different exchange rates.

Imagine you wanted to buy a product online for US$100. You have Australian dollars, so in effect you actually make two purchases – firstly, you buy US$ and then you buy the product.  

If the exchange rate of the Australian dollar is, say $1.

Workshops: Superannuation / Retirement / Investment Property

This could be just what you've been waiting for...

Laughter: the way to good health :)

It is said that six-year-olds laugh on average 300 times per day but by the time we reach adulthood we’ve reduced our daily giggles to just 15… if we’re lucky! So what, you might say, what’s there to laugh at? Well, it’s not just a case of what there is to laugh at, but what happens when we forget to laugh… basically, life becomes a drudge.

It’s a bit of a Catch-22 situation - by focusing on the constant bad news we’re exposed to via the media, it becomes very difficult to raise a smile. So it might be time to rise above the doom and gloom, turn the TV off and pick up a comic or a Dr Seuss book.

Lest we forget...Remembrance Day

This morning I sent my kids off to school proudly displaying poppies pinned to their jumpers.  They know that today, like Anzac Day, is a special day to "remember the soldiers".
Here's a link to a website providing information and a little bit of history to remind us why this day is so special...
In Flanders Fields
In Flanders fields the poppies blow
Between the crosses, row on row,
That mark our place: and in the sky