Comfort with Money

by Rodney Gibson Financial Advisor

I am a sole practitioner with 40 years experience in finance, taxation, law, business and accounting. I am currently associated with SALA Financial Services. I provide the following:

  • Estate Planning, including wills and powers of attorney (EPOAs)

  • Estate Management

  • Taxation advice

  • Investment advice, including superannuation

  • Business structure advice

 

My aim is to assist you to live within your means and achieve all your financial goals.

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Tax Till It Hurts

Last week I referred to one of the habits of segments of our society who encourage the government, any government, to impose taxes on parts of our daily life that are deemed to be undesirable, so that this will disconnect people from indulging in smoking, drinking, driving a car, or eating junk food. Governments of all flavours have to impose taxes to finance the operations of governing. In my opinion that should be the only reason for imposing a tax, whether that is income tax, property tax, rates, stamp duty, death duty, even road tolls which arguably should never be privately operated. Arguments will always crop up about State owned enterprises or monopolies and philosophical arguments sh

Smokes Anyone?

I have only ever had one puff of marijuana (in Canada 40 years ago!) and when I was in school there was none in the playground. In that all male society there were rumours that it was a powerful aphrodisiac although none of my mates was able to provide any evidence – only heresay. Investment “flavours of the month” come and go – lithium, coal, gold, oil, nickel, etc. etc. and there is no doubt that 2018 has produced the flavour of the year with the Canadian Government’s legislation which legalises the recreational use of pot. The term “pot plant” may need clarification in the future. Although it wasn't for health reasons I gave up smoking over 35 years ago. On my latest calculation I have sa

Basic Principles

I spend a lot of my time reading, although I try to avoid the sensational daily papers which tell us how many billions of dollars have been wiped off the value of the share market, the property market, the oil/coal/gold/you name it market. I guess we are all attracted to opinions that match our own which is why I couldn’t help passing on to you the thoughts of investment “legend” David Svensen, best selling author of “Unconventional Success”. In putting forward three basic investment principles he comments as follows: Long term investors build portfolios with a pronounced equity bias (i.e. shares) Careful investors fashion portfolios with substantial diversification Sensible investors create

Index Anyone?

When the financial journalists want to describe what “the market” has done this day, this week, this year etc the most used (and possibly least understood by many people) system is to recount, as the major news item, what the “index” has done, for the day, the week, the year. For Australians with a mild interest in the subject, the All Ordinaries Index will tell them about what happened on the Australian Stock Exchange (ASX) and the “Dow” (which is actually the Dow Jones Index) will describe Wall Street movement – the day’s doings on the New York Stock Exchange. It is ironic that the name of the major Australian index implies all listed shares hence the addition of “Ordinaries”. Like the Dow