True Financial in Red Hill | Financial planner

True Financial

Locality: Red Hill

Phone: +61 7 3169 2570

Address: 23 Errard St 4059 Red Hill, QLD, Australia

Website: http://truefinancial.com.au

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• Investing service
• Financial planner

25.01.2022 The Wolf of Wall Street Never Goes Away... http://truefinancial.com.au/the-wolf-of-wall-street-never-g

25.01.2022 Quick Guide to Personal Finance In my experience, financial success is gained through two key actions that we all have the ability to leverage. The two keys to financial success is hard work and sound decision making. Over time if we consistently make unwise decisions, we will find ourselves in a situation that is difficult to recover from. Just like other things in life, achieving financial success is more about hard work and making the right choices rather than circumstance...s outside of our control. Making savvy financial decisions starts with understanding why we make bad financial decisions in the first place and making a conscious effort to change the way we handle our money...... To continue reading click on the link below http://truefinancial.com.au/personalfinance

23.01.2022 Super savings growing big and strong

22.01.2022 How a Market Correction Plays Out In the Media

21.01.2022 http://truefinancial.com.au/second-quarter-review/

20.01.2022 Congratulations to Eugene Fama on another nobel prize for his exceptional work.

20.01.2022 Interesting thing I learned today in regards to banking. It you transfer money electronically to another account you are responsible for the money going to the correct account. Ie if the money goes to the wrong account because you put the wrong digit in it is your responsibility to get the money back not the bank however if you pay by cheque it is the banks responsibility to transfer the money to the correct account and if the money is transferred to the incorrect account it is the banks issue to solve not yours. Speaking to this person in the Big 4 he doesn't transfer anything over $2,000 and writes cheques. Puts another perspective on why the banks are pushing electronic banking.

20.01.2022 Greek Debt Not the Apocalypse http://truefinancial.com.au/greek-debt-not-the-apocalypse/

18.01.2022 http://www.truefinancial.com.au/2016-a-year-in-review/

18.01.2022 The True Financial Difference http://truefinancial.com.au/the-true-financial-planning-dif

18.01.2022 Why Everyone Needs A Finacial Adviser This year, one of Oprah Winfreys favourite things was Microsofts Surface Tablet. In fact, she loved it so much she tweeted so from her iPad. Though we may laugh at the irony, the Oprah Effect is real. Its highly likely Oprahs endorsement will have a positive impact on Surface sales. Just look at her book club, which has resulted in many a subsequent bestseller. When was the last time you bought something based on a friends recommen...Continue reading

18.01.2022 http://truefinancial.com.au/the-apprentice-white-house-edi/

17.01.2022 I give you some tips on a few things you should ask your financial adviser to make sure he or she is truly working for you! #financialadvice #truefinancial #CFP #clientfocused

16.01.2022 http://www.truefinancial.com.au/2017-june-quarter-review/

16.01.2022 Survey Offers Retirement Roadmap Hindsight is a wonderful thing, especially if youre the one learning from someone elses experiences. And when it comes to retirement, being able to learn from the experiences of others is particularly valuable.... HSBC has released their The Future of Retirement report, which surveys the experiences of retirees and the expectations of those still working across fifteen countries. The reports findings have been described as dire and bleak, yet those terms can often be interchanged with realistic and theres plenty of realism for those planning ahead. Key points show that nearly 40% of retirees believe they havent prepared adequately for retirement and 54% of those people only realised it just before retiring. For those still in the workforce, 55% arent saving at all for retirement. While 47% of those say they cant save because of day-to-day living expenses, other respondents reasons show a lot of ambivalence. 23% have never really thought about it and 17% suggest retirement is too far away to save. And the result of not thinking about it or realising you havent prepared adequately wont necessarily be offset by lower living expenses in retirement. Thats a dangerous assumption, with 52% of retirees seeing no reduction in their living expenses at the same time 41% of retirees see their income reduce by more than half. So whats to be learned? From those retired, the best piece of financial advice they ever received was start saving at an early age, closely followed by, dont spend what you dont have. Further, there was a definite correlation between getting professional advice and having higher levels of retirement savings. Those who didnt do any retirement planning had an average of $112,668 in savings, those who didnt use an adviser had an average of $252,818 and those who used an adviser had an average of $520,778. Whether you take advice or not, this report shows retirement is never too far away to plan for.

16.01.2022 Read our final post for 2013. We would like to wish all our clients and their families the compliments of the season. Merry Christmas!

16.01.2022 Sticking to a budget is not just something we teach kids. It can be a challenge for even the most disciplined adult. True Financial is committed to assisting its clients to achieve their lifelong goals through the implementation of tailored financial strategies. This week, we feature some helpful guidance on how to avoid emotionally-driven spending. As with investing, success in budgeting often comes down to patience and focusing on the underlying need.... For a strategy that suits your needs and wants book a free initial appointment with our financial planner John Duncan on 07 3169 2570 or alternatively email us at [email protected]

15.01.2022 http://truefinancial.com.au/response-to-volatility/

12.01.2022 http://www.truefinancial.com.au/2017-year-review/

12.01.2022 The Bank of Mum and Dad Why do we think young adults could benefit from financial advice at the best (worst) of times? When youve helped people with their money over a long period of time you tend to notice when financial trends emerge.... While most are insignificant, some are interesting enough to have you asking colleagues if theyre witnessing similar things. Lately it seems the Bank of Mum and Dad is assessing a few more loan applications than usual. The economy is very different depending on which part of Australia youre in, so these applications certainly arent all hard luck stories. Merely the good income being earned has found an equally good spending and debt appetite to swallow it the apple fell a long way from the frugal tree. So what do you do, as the Bank of Mum and Dad, when youre confronted with a loan request from one of your adult children? Weigh up your own financial position first if it has any material impact on your financial position and requires a significant action like liquidating assets or taking on loans yourself, Id forget it. Weighing up the circumstances surrounding the loan are important, you need to be able to get to the bottom of the financial situation your adult child is in. If theyre not in a financial mess, a small amount to cover an unforseen circumstance or take a career opportunity may be a low risk proposition provided theres a plan to repay. If theyre coming to you because their existing bank has decided theyre already overleveraged then youve got a big red flag. A bank not lending suggests they see any extra debt as a high risk situation, it marks you as the lender of last resort and thats a dangerous situation to be in. If you know your adult child shouldnt be struggling financially, but they are, declining may be the best option. It may force them to actually evaluate their financial position and see the need for a budget overhaul something that wont come about by giving them another loan. Book a free consultation with an experienced financial planner who can assist you in getting back on track now! 07 31692570 or [email protected]

12.01.2022 Most Australians are familiar with the need to protect assets such as their home and car with the right insurance, but what about protecting your most important asset? Many people may see their home as their most valuable asset, but in reality the most valuable and important asset for most people is their ability to earn an income. Consider a 30 year old earning $65,000 per year. If they lost the ability to work, they would lose over $2.2 million in future earnings. That does...n't take into account pay increases due to promotions or inflation, which could easily double or triple this figure. Unless you live in a very valuable home and have a very small income, it is most likely that your ability to earn an income will be your most valuable asset. Each day many Australian workers lose their ability to earn an income. This is generally due to major illness and well as accidents. But its not just major incidents you need to worry about. Even just a few months or a few years can have a major financial impact on you and your family. Click on the link for the full article.

12.01.2022 Super for First Home Buyers - Is it a good idea or not

10.01.2022 5 Financial NY Resolutions to keep... The easiest way to do it is to seek assistance from a financial adviser who can help you devise a plan that works for your needs! Inbox us to book a free consultation! #truefinancial #financialadvice #newyearsresolutions #financialfreedom

09.01.2022 A Hotbed Of Investor Group Think Are you a rugged individualist or conformist lemming when it comes to investing? Spend too much time on internet investment forums and you may well turn lemming.... Despite our best efforts to remain defiantly individual, ignoring group behaviour, evidence suggests we often conform. Nowhere is that more apparent than the internet, where people find themselves huddled in biased groups telling themselves exactly what they want to hear, but more on that later. Several studies since the 1950s have shown the inclination of individuals to conform in group situations. When publicly asked a question after other group members have deliberately answered the same question wrongly, 75% of individuals will conform to a wrong answer at least once. On its own, not conclusive, but in a similar study, conforming individuals brains were scanned. The scan revealed when individuals conformed to the groups wrong answer, the part of the brain associated with logical thinking decreased in activity essentially they stopped thinking! Similarly, when people find themselves in common groups, those groups often help reinforce views, not because theyre right, but because theyre repeated frequently like on an internet forum. Given investment forums have visible histories they make great research tools, especially when companies have gone bad. Hotcopper is Australias busiest investment forum; it provides multiple cautionary tales on the dangers of group think when investing and buying individual shares. All the well-known company failures are preserved in their gory detail Babcock & Brown, Allco Finance, Gunns, ABC Learning, AED Oil. Space prevents me from going into great detail, but common themes run through all the company discussions. As share prices soar, posters proclaim outlandish price targets, ignore any warnings and regurgitate any positive information they find. When share prices fall and companies crumble, posters reassure each other its only temporary, the falling price is a buying opportunity and those massive company debts are serviceable. Sadly, its only when the administrators are called that the fog of groupthink begins to clear!

07.01.2022 http://truefinancial.com.au/politics-matter-investment-ret/

07.01.2022 We have had 6 short 2 minute videos made based around investing let us know your thoughts !! www.truefinancial.com.au/videolibrary/

05.01.2022 Our 2013 Third Quarter Review is now available on our website. The Highlights: US Federal Reserve delays tapering of stimulus program.... Australian market records best quarterly performance in four years. The mind behind our investment philosophy recognised with Nobel Prize in Economics. How regulated or even qualified are property advisers? A tale of two Central Banks. See more

03.01.2022 http://truefinancial.com.au/2015-third-quarter-review/