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MR Wealth in Joondalup | Financial planner



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MR Wealth

Locality: Joondalup

Phone: +61 420 756 401



Address: 11 Venice Entrance 6028 Joondalup, WA, Australia

Website: http://www.mrwealth.com.au

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25.01.2022 Exhausted from all thats happening? Here’s why https://www.mrwealth.com.au//exhausted-from-all-thats-hap/ If there is one thing most of us have in common at the moment, it is how tired we are all feeling. The Covid Shutdown has left many of us feeling quite worn out. A tired mind can make tired decisions, and so in our last article for the 2019/2020 year, we thought we would write about the best way to make good financial decisions....Continue reading



25.01.2022 When Buy and Hold struggled i.e. you would have lost money. 1910 to 1933 = 22 years 1935 to 1942 = 7 years... 1964 to 1981 = 17 years 1998 to 2009 = 11 years 22+7+17+11 = 57 years out of 100 *this is based on the US Dow Jones market. And yes I can show you the charts. Buy and hold doesnt work. There is a better way. Ask me how

25.01.2022 Raising money for breast cancer at a pink ribbon lunch

25.01.2022 Exhausted from all thats happening? Heres why https://www.mrwealth.com.au//exhausted-from-all-thats-hap/ If there is one thing most of us have in common at the moment, it is how tired we are all feeling. The Covid Shutdown has left many of us feeling quite worn out. A tired mind can make tired decisions, and so in our last article for the 2019/2020 year, we thought we would write about the best way to make good financial decisions....Continue reading



23.01.2022 Do you wonder why some people are better off even though they earn the same amount of money as you? Send us a message to discuss the simple secrets of what can make a massive difference to your life with only minor changes.

23.01.2022 Its only two weeks away from the anniversary of the the top in the GFC 12 years ago. Could that be the top again?Its only two weeks away from the anniversary of the the top in the GFC 12 years ago. Could that be the top again?

22.01.2022 A silly little inside peak into the ridiculous number of pets I have.



21.01.2022 A life well lived Too many people look back on their life with regrets. Far from being morbid, realising that our death is inevitable can inspire us to live a better life today. https://www.mrwealth.com.au/2018/10/a-life-well-lived/

20.01.2022 Rates, property and the Aussie Dollar.... I was talking to people about property prices in Perth last week and whilst one optimistic builder thinks things will take off soon here in WA, I certainly can't see it. In fact I went so far as to say Australia wide over the longer term I can see some potential pain when rates inevitably rise again. However I appear to have been corrected in that rate thought as the RBA are talking about being forced to lower rates again. I wouldn't be surprised if this happened in May and we may (pardon the pun), see some weakness in the dollar appearing in May after a short term rally that we are currently in the midst of.

19.01.2022 Talking about markets. The chart on the wall shows a 400% better result from an active manager vs the index. Active management will be very important when the market turns! Dont just sit and passively do nothing and only ask the question once its too late AKA the majority of people during the GFC!

18.01.2022 In case you missed it, we post a monthly newsletter on the MR Wealth website. In this months newsletter we discuss the state of the share market and how it is measured exactly what is the ASX 200? We also give you a good analysis of what may well become a problem in the future: tweeting now, paying later. Enjoy! https://www.mrwealth.com.au//resources/newsletter-septembe

17.01.2022 Market is looking a little weak again. It just can’t seem to break 6200.



17.01.2022 Well give you $100 if we cant find you ways to save at least $100 through your financial setup. (subject to you being in permanent employment)

16.01.2022 Once upon a time, saving money was easy. Technology actually, its absence made life easier. Consider advice typically given to compulsive spenders in the pre-Internet age: take your credit card and place it in a plastic cup full of water. Then, store the whole package in your freezer. The idea was that if you have an impulse to buy something using your credit card, you had to wait several hours for the ice to thaw before you could. That left enough time for the impulse to pass. Click below to carry on reading

16.01.2022 Day one done: 20km done 480km to go. Need to up the effort now.

16.01.2022 Im in my final week of cycling for Kids Cancer. Last chance to donate. https://greatcyclechallenge.com.au/Riders/MaxReinhardt

15.01.2022 Special offer for September only!

15.01.2022 Quick Market outlook. #bearmarket

15.01.2022 #District32 meeting this morning. Always good to get a bit of networking done before 9. Met with Laura Epis the groups new bookkeeper. Anyone interested in a bit of networking and getting some referrals please ask me about details. Thanks.

15.01.2022 You and your business: time is your scarcest resource Entrepreneur Elon musk spent his first month in the United States living on $1 a day. He was 17 years old. Obviously, this discipline did wonders for his personal financial planning. Other people have taken on a similar challenge and report much the same thing. This article shows what we can learn from their experience. https://www.mrwealth.com.au//business-time-scarcest-resou/

14.01.2022 Further to my chart yesterday I'm expecting this rally to end at an old level before 6000 points and then the downward range to repeat around 150% into 5000 points for round numbers.

14.01.2022 No two insurance policies are the same One of the most frustrating aspects of life insurance for clients is that not all policies are the same. This makes it hard for the person in the street to ensure that the cover they take is the cover they need. https://www.mrwealth.com.au/20//no-two-insurance-policies/

12.01.2022 An Introduction to Max Reinhardt - MR Wealth

12.01.2022 Any donations today are doubled. Couldnt be a better day to donate. Im on track with the riding, be good to get closer with the donations.

12.01.2022 Real value of a financial planner In this flash we are reproducing an article by Robin Powell who is an award-winning journalist and RockWealths Head of Client Education. He blogs at The Evidence-Based Investor. People often associate a financial planner with investing but the reality and benefits of using a financial planner are numerous and often, like so many things in our lives, its about how we feel or want to feel about ourselves. See what you think. Im often asked wh...ether people actually need to use a financial adviser. The simple answer, strictly speaking, is no. But it comes with an important caveat: they may well come to regret it if they dont. Before we get on to that, we should also point out that financial advice is not just about investing. What people need ideally is a financial planner someone to work out what they want from life, how much money theyre going to need to do what they want to do, and when theyre going to need it. They can also help with a host of things that again they probably could do on their own tax and estate planning, for example but which very few of us have the time, let alone the inclination, to do ourselves. Below is almost 30 years history of a fund outperforming the world market by 4 times!

10.01.2022 Challenge complete but still need to get a few more donations to over $1000. https://greatcyclechallenge.com.au/Riders/MaxReinhardt

09.01.2022 https://greatcyclechallenge.com.au/Riders/MaxReinhardt

09.01.2022 Time to Revisit 7 Key Investment Lessons With investments continuing their long run of positive performance, economist Dr Shane Oliver asks us to pause and consider the seven lessons for investors that we learnt from the GFC. ... The key lessons for investors from the GFC are as follows: 1) There is always a cycle. Talk of a great moderation was all the rage prior to the GFC but the GFC reminded us that long periods of good growth, low inflation and great returns are invariably followed by something going wrong. If returns are too good to be sustainable they probably are. 2) While each boom bust cycle is different, markets are pushed to extremes - with the asset at the centre of the upswing overvalued and over-loved at the top and undervalued and under-loved at the bottom, which for credit investments and shares was in first half 2009. This provides opportunities for patient contrarian investors to profit from. 3) High returns come with higher risk. While risk may not be apparent for years, at some point when everyone is totally relaxed it turns up with a vengeance as seen in the GFC. 4) Backward-looking measures of volatility are no better than attempting to drive while just looking at the rear-view mirror. Be sceptical of financial engineering or hard-to-understand products. The biggest losses for investors in the GFC were generally in products that relied heavily on financial alchemy purporting to turn junk into AAA investments that no one understood. 5) Avoid too much gearing and gearing or the wrong sort. Gearing is fine when all is well. But it magnifies losses when things reverse and can force the closure of positions at a loss when the lenders lose their confidence and refuse to roll over maturing debt or when a margin call occurs forcing an investor to sell just when they should be buying. 6) The importance of true diversification. While listed property trusts and hedge funds were popular alternatives to low-yielding government bonds prior to the GFC, through the crisis they ran into big trouble (in fact Australian Real Estate Investment Trusts (REITs) fell 79%), whereas government bonds were the star performers. In a crisis, correlations go to one except for true safe havens. 7) The importance of asset allocation. The GFC reminded us that what matters most for your investments is your asset mix shares, bonds, cash, property, etc. Exposure to particular shares or fund managers is second order. Article taken from Futuros newsletter and photo the Afr.

09.01.2022 Extra help when a child is disabled Disabled children are treated as adults for tax purposes even if under age 18. This means that they can receive distributions of net income from family trusts and hybrid trusts. This income is taxed normally, rather than under the penalty tax arrangements that usually apply to the unearned income of minors. It can mean that the family pays much less tax. https://www.mrwealth.com.au/20//extra-help-child-disabled/

08.01.2022 Dollar Cost Averaging Dividing an investment up into smaller amounts that are invested at different points in time can be an effective way to manage the timing risk inherent in the sharemarket. This practice is known as dollar cost averaging and this article explains all about it. https://www.mrwealth.com.au/2018/09/dollar-cost-averaging-2/

07.01.2022 What happens to your super when you dont need it any more? Superannuation benefits are not automatically subject to your will. That means the trustees may not send the money where you want it to go when you die. But there is a solution! Read on. https://www.mrwealth.com.au/2018/09/happens-super-dont-need/

07.01.2022 Borrowing to pay super contributions Super contributions are a legitimate expense of a business. As long as the business uses a company structure, it can even borrow to make contributions on behalf of all of the staff including the company directors. This can create a nice little tax saving that might not otherwise be possible. https://www.mrwealth.com.au//borrowing-to-pay-super-contr/

07.01.2022 Franking credits The franking credit system is necessarily complex. But the idea underlying it is quite a simple one. A companys profits are taxed at the applicable tax rate of each of its shareholders. This article explains exactly how. https://www.mrwealth.com.au/2018/10/franking-credits/

07.01.2022 Its almost the end of the year, still time to make a personal super contribution.

06.01.2022 Only two weeks away from 1/11. Could that be the date of the top again? Just like 12 years ago??Only two weeks away from 1/11. Could that be the date of the top again? Just like 12 years ago??

04.01.2022 Not all debts are the same. Even if the interest rate is. Did you know that two loans that look identical can have a radically different impact on your financial management? The difference lies in whether interest on a loan is deductible or not. https://www.mrwealth.com.au//01/not-debts-even-interest-r/

02.01.2022 Need some sponsors for my ride to Busselton for cancer, please. https://www.raiseit.org.au/fu/maxreinhardt/lifecycle-onroad

01.01.2022 Ok I haven't put any charts up since February last year. Overall my bearish outlook from April 2017 hasn't really changed. Here is an updated chart indicating we might get back to around 5000 points, a level we were at back in 2010! I believe we have seen major tops in the US, UK and Australia, all occurring in the back end of last year. The level of 5000 (for round numbers) is the same level we saw in April 2010 and April 2011 when we had double tops. ... It is the 50% level between the GFC high (6880) in 2007 and the GFC low (3111). Also the geometrical line of 1 point every 2 trading days since the All Time Low of 1/3/1983 at 458 points also intercepts around this level. To me this is clear indication of where the market is going. This is even against the back drop of the market rising steadily since the yearly low on 21/12/2018. In fact a double top at levels close to where we are now would further support the decline for a repeating range into 5000 points. Want to take advantage of this market move? Ask me how?

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