Growing your wealth What is gearing? In simple terms, gearing is borrowing money to invest. The investment could be in direct shares or managed investments, such as an equity trust, balanced fund or property. Gearing is, in essence, directed towards producing a larger investment return by using borrowed funds, often in addition to your own funds, so that financial goals can be achieved more quickly. Gearing can be used as part of the overall investment …
Protecting your wealth What is insurance? Insurance is a form of protection – a way to protect yourself, your family and the things you own if something goes wrong. It enables you to replace or repair your assets, whether those assets are your belongings or your capacity to earn income. Everybody’s circumstances are different, but insurance is important for everybody. Your need for insurance will change as you move through the different stages of your …
Investing in your future What is superannuation? Superannuation, or ‘super’, is a way to save money for your future. It is important to understand how much super you’ll need, and how to best manage the money for your retirement…. Read More>>> Download the free PDF file
Ways to grow your Super, Value of Advice and More 1. Five ways to grow your super Are you looking for ways to boost your super account balance? Watch our video (3.01) and hear how Greg Elias, an AMP Client Adviser, explain five ways his client could grow their super to save for a comfortable retirement. He discusses five ways to grow super: 1. Bring together all your super accounts 2. Choose your super fund …
Intergenerational wealth transfer Intergenerational wealth transfer – or in simpler terms, passing on assets to your family, can be, and often is, a huge issue for all family members concerned. If done well and executed properly, it can make a real difference to the financial position of the recipients. If misjudged or poorly handled, it can cause enormous grief, fights and resentments that are never forgotten nor forgiven. What’s involved? The first step you …
Resolutions for a wealthy future Shedding a few kilos and getting fit are popular New Year’s resolutions, but along with improving your health why not resolve to boost your wealth in 2016? The best way to do that is to have a clear picture about what you want to achieve. Perhaps you want to buy a new car, save a deposit for your first home, prepare for the birth of a child or go on …
The wealth in health Now that people are living longer, the cost of staying hale and hearty is rising at the same time that governments are trying to claw back spending on medical care. But good opportunities remain to make sound investments in health care sectors at home and abroad. In Australia and around the world, healthcare funding is being scrutinised by governments concerned about the big slice of gross domestic product (GDP) being …
Living longer, living well A century ago few Australians lived long enough to enjoy a life after work.i These days, the average retiree can look forward to almost two decades of travelling, playing with the grandkids and generally enjoying life. In fact, a baby born today can expect to live to 91 if it is a boy and 93 if it is a girl. According to the latest government figures, the number of Australians aged …
Super in a nutshell If your super’s in the too-hard basket, read on so you can take control and make the most of your money. The Australian superannuation system comprises money from working and retired Australians. All up, it’s projected to total $8 trillion by 2033[1] and some of that is likely to be your money. If you take an interest in your super today, you may have more in your hand down the track. …
AMP NATSEM Income & Wealth Report We can work it out: Australia’s changing workforce In recent years we’ve experienced a global recession that’s changed the global labour force with industries closing down, job lay-offs and increasing unemployment. On top of that, in Australia we’ve experienced significant structural and technological change that’s seen us move from an agricultural based economy to being services based. The recently released 36th AMP.NATSEM report takes a look at the current …
