Devote members of the crypto cult were none too happy about my tilt last week at their beloved bitCON.
Central banks have set us for an epic fail. The use of low interest rates and printing money to buy financial assets has taken us to a point from which there is only one outcome.
Indebted households demand more income to maintain the living standard they believe they’re entitled to. Sorry. That’s not how it works. Lower your sights. Borrow less.
The ‘tied sales force’ business model is a breeding ground for conflicts of interest. Does the planner work for the client or for the institution?
This leads me to the broken model that’s going to affect you more than any other…the investment industry’s financial planning software.
They have been to the industry super fund financial planner and been given the thumbs up on their retirement plan.
It’s a hot topic in the mainstream media right now. Hardly a day goes by without SMSFs being implicated in the Sydney & Melbourne property bubble.