We encourage people to always seek appropriate advice but we understand that sometimes for a range of reasons people don’t want to do this or they simply want to do it themselves. We prefer “self directed” rather than “do it yourself” – you are after all choosing to manage your own financial future.
We also believe that our relationship with clients is enhanced when the client understands something about what is being discussed and is therefore able to ask better questions and discuss a range of options.
For this reason we have listed below a few resources we consider worth looking at – many we use ourselves. Feel free to look at these and if you want to do it yourself, that’s great. Remember though that if you decide you would like some advice or need a sounding board we would be happy to assist. We are not recommending that you follow the suggestions on these sites but they certainly have many very useful resources.
An important warning about calculators - as with any tool which does calculations "garbage in" produces "garbage out" so use the results with care. You need to understand the limitations of the results and the assumptions used and we strongly suggest that you use the tools as a precursor to seeking advice from us rather than "as advice". Please also refer to the warning at the bottom of this web page.
Australian Securities and Investments Commission (ASIC) – one of the regulators of financial services. Their Money Smart Website has a lot of good, basic practical information, including why getting good advice is wise. There are also a number of basic calculators on the Website also provides
Other (in no particular order)
Most of these are free but may require registration, one or two require a paid subscription for some additional functionality – your choice. Almost all don’t provide investment “tips” – they are more about helping understand good investment practise.
Cuffelinks "is an investments newsletter providing content written by financial market professionals with experience in wealth management, superannuation, banking, academia and financial advice. We share both the knowledge and the battle scars of market experts in an independent community of investors. Ideas and insights are presented from an informed and impartial point of view, without pushing products or promoting services." Subscription is free
MacroBusiness is an Australian business and investment blog with some free content. Some of the more topical current articles require a subscription.
Morningstar is a subscription based service which provides some free content but mainly paid research into investment products and strategies.
LifeWise is an initiative of the Australian life insurance industry aimed at addressing underinsurance. It has a range of information life insurance related issues and includes a basic insurance needs calculator. It is not a substitute for professional advice but provides good general information.
The Australian Stock Exchange (ASX) Website has a wealth of information on the Australian share market and Australian shares. The Education section in particular is a good reference tool and includes a section with free online education courses.
The Trustee section of the SMSF Association Website. The SMSF Association also have a Trustee Education Course which is well worth doing if you are, or are contemplating becoming a Trustee of an SMSF; this is accessible from the Trustee area of the Website and if there are any areas requiring clarification or of concern please contact us today. Our Principal, Chris McGlinn is a SMSF Specialist AdvisorTM.
ASFA's Super Guru website has a number of calculators and other information on how the superannuation system works and how you can make the system work for you. One of their calculators uses the ASFA Retirement Standard to assist understanding of how much money you may need in retirement.
A number of the “Other” websites listed above also have property specific articles.