Money Over 50

Michael and Dallas discuss the long-term benefits of being invested in largely diversified equities, and the methods to help reduce the impact of a huge market drop while invested. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

This episode discusses the importance of having a plan personalised to your needs, and not having a multitude of options for you to choose from. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

The first of our "Biases" mini-series focuses on why we, as investors make mistakes. This episode discusses and gives tips on how to minimise/avoid the effects of confirmation bias, information bias and oversimplification bias. For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

Michael and Dallas respond to a a listener question from Linda in regards to building a 2 bedroom cottage. We discuss the pro's and con's and weigh this up against her other options. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

When it comes to life and taking control of your finances, don't rely on someone to come and magically save you. It is up to you to realise that you can take control and make a significant change to your life! For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Michael and Dallas briefly discuss the Federal Budget 2020 tax cuts and how you can take advantage of it for your retirement savings. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

It's easy to find and create savings to your budget. But, unless you put those savings somewhere and invest (like in your superannuation), you'll find that you'll just spend that money on something else. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Everyone is entitled to their own opinion, however, the facts are the facts. Let's have a look back over the past 30 years and see what this has done for investors.. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Dallas and Michael discuss the likelihoods of a lot "what if" scenarios that appear and how much energy an investor should put into these problems. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Last year provided the world with many challenges and reasons for panic. The largest of these being the Covid-19 pandemic which has changed the world we live in and is still affecting our lives to this very day. It was the main cause of the Covid-19 recession, a global economic crisis, which seen some of the fastest plunges in the world's markets ever seen. But the world chugged on, adapted, and s...

Michael and Dallas discuss the importance of having a financial planner who prescribes you with the "medicine" you need to assist your financial health, rather than a financial planner who gives you exactly what you think you want even if the advice is not necessarily in your best interest (much like a waiter). For all listener questions/feedback, please contact the team at podcast@mo50.com.au

You are fighting a losing battle if you believe that protecting your principal is the goal; you should be focusing on protecting the growth on the income your income produces.  For all listener questions/feedback, please contact the team at  podcast@mo50.com.au

It's easy to think that financial advisers only crunch numbers to come up with a complex financial plan suited for their clients. In reality, a large part of being a financial adviser is the behavioural advising side. It's all well and good to be able to write up a technical plan for a client, but if we aren't able to remove bad habits and develop good ones, there will be no point providing the cl...

Focusing on the long-term goals, can make life in the investing world a lot easier. It allows you to keep on track with your plans and prevents you from making any rash decisions that may come with short-term issues (such as market volatility). For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Imagine being a part owner of some of the greatest companies in the world and earning an income from them with little to no work. This is the beauty of owning shares in some of the greatest companies in the world. For all listener questions/feedback, please contact the team at  podcast@mo50.com.au

In this episode, Dallas and Michael discuss the importance of protecting the purchasing power of your retirement savings. As we all know, inflation is a very real thing, and the $1 that you spend this year will be worth waaaaay less in the future. For all listener questions/feedback, please contact the team at  podcast@mo50.com.au

The simple answer is no. In this episode, Michael and Dallas discuss why Money Over 50 Financial Advisers (previously Lighthouse Financial Advisers Townsville) isn't owned by big corporate and why it never will be. For all listener questions/feedback, please contact the team at  podcast@mo50.com.au

Dallas and Michael discuss the legality of "product kickbacks" and talk about why they never accepted kickbacks, even before they became illegal. For all listener questions/feedback, please contact the team at  podcast@mo50.com.au

Michael and Dallas discuss why the biggest problems with our retirement system actually involve us as individual Australians such as: We believe it is something that the government takes care of. Because super is a legislated 9.5% on your wages.     Apathy by individuals. Disinterest in our retirement. For all listener questions/feedback, please contact the team at  podcast@mo50.com.au

Legislative risk is the risk that if legislation were to change it would have a significant negative effect on your investments / retirement savings. For all listener questions/feedback, please contact the team at  podcast@mo50.com.au

One of the risks involved with retirement planning is "liquidity risk". Liquidity is the ability to be able to turn an investment into readily available cash, an example of an illiquid asset is property. For all listener questions/feedback, please contact the team at  podcast@mo50.com.au

This episode focuses on the frequently asked question of "what if I disagree with what the adviser says?". Michael and Dallas discuss the importance of collaboration and communication in financial planning. The client has every right to disagree with certain things and it is up to the adviser to discuss the trade-offs between a client's decision and figure out a plan that is most suitable to their...

Michael and Dallas discuss elections and why they do not have an affect on the price of companies in the long-term. Of course individual companies can be affected, but overall the long-term health of a company will usually not be affected. For all listener questions/feedback, please contact the team at  podcast@mo50.com.au

When it comes to handling superannuation, simple is best! Simple strategies actually work and when a financial plan becomes over complicated, not only does it make the plan harder to follow but it can also create negative value (think, an unnecessary SMSF). For all listener questions/feedback, please contact the team at  podcast@mo50.com.au

In this episode, Dallas and Michael discuss index funds explaining their pros/cons and why they prefer to invest using index funds. For all listener questions/feedback, please contact the team at  podcast@mo50.com.au