Self-Managed Superannuation in Retirement: a Personal History Through the Global Financial Crisis PDF Download
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Author: Robert T. Gemmell Publisher: Xlibris Corporation ISBN: 1524515817 Category : Biography & Autobiography Languages : en Pages : 74
Book Description
This is a personal story and is in no way to be taken as financial advice. I have described the successes and failures that were experienced during the ten years from 2005 to 2016, a time when the financial markets plunged due to the global financial crisis (GFC) and the subsequent recovery. Investments were made in stocks, property trusts, mortgage funds, and fixed interest. With this approach, an annual income from dividends and franking, distributions, and fixed interest was maintained. Although the capital and income were reduced from 2008 through to 2016, they have increased annually. Long may it continue. Fortunately, the fund was started in 2005 and double-figure returns were received through 2006 to 2008. At this time, the investing game seemed easy. Everything changed with the GFC. The value of our shares decreased by 56 percent and the fund by 40 percent; it was a worrying time for everybody. In this book, the changes made to the portfolio to combat the fall in income and value of the fund are described. And although in 2016 the fund has not reached 2007 levels, it shows signs of recovery. This book does not outline a fail-safe method for running a self-managed superannuation fund. Do not believe anyone who professes to have one. However, the information provided hopefully will encourage other retirees who wish to set up their own self-managed superannuation funds. Inevitably, mistakes will be with made. Everybody will make the wrong choices at times and lose money. In the long run, one just has to pick more winners than losers.
Author: Robert T. Gemmell Publisher: Xlibris Corporation ISBN: 1524515817 Category : Biography & Autobiography Languages : en Pages : 74
Book Description
This is a personal story and is in no way to be taken as financial advice. I have described the successes and failures that were experienced during the ten years from 2005 to 2016, a time when the financial markets plunged due to the global financial crisis (GFC) and the subsequent recovery. Investments were made in stocks, property trusts, mortgage funds, and fixed interest. With this approach, an annual income from dividends and franking, distributions, and fixed interest was maintained. Although the capital and income were reduced from 2008 through to 2016, they have increased annually. Long may it continue. Fortunately, the fund was started in 2005 and double-figure returns were received through 2006 to 2008. At this time, the investing game seemed easy. Everything changed with the GFC. The value of our shares decreased by 56 percent and the fund by 40 percent; it was a worrying time for everybody. In this book, the changes made to the portfolio to combat the fall in income and value of the fund are described. And although in 2016 the fund has not reached 2007 levels, it shows signs of recovery. This book does not outline a fail-safe method for running a self-managed superannuation fund. Do not believe anyone who professes to have one. However, the information provided hopefully will encourage other retirees who wish to set up their own self-managed superannuation funds. Inevitably, mistakes will be with made. Everybody will make the wrong choices at times and lose money. In the long run, one just has to pick more winners than losers.
Author: Raimond Maurer Publisher: Oxford University Press ISBN: 0191636304 Category : Business & Economics Languages : en Pages :
Book Description
The worldwide financial crisis has wrought deep changes in capital and labor markets, old-age retirement systems, and household retirement and consumption patterns. Confidence has been shaken in both the traditional defined benefit and defined contribution plans. Around the world, plan sponsors, fiduciaries, policymakers, and households have gained a new awareness of retirement risk. When pressed to reform post-crisis, many would recommend enhancing financial advice for plan participants, emphasizing flexibility and the positive effect of working another one or two years to make up for investment losses in the downturn. Adding to this is the continuing need for financial education, essential as the retirement system moves increasingly toward personal account pensions. Perhaps most important of all is the need for greater understanding of risk throughout the retirement security system, along with new approaches to re-engineering retirement pensions. This volume explores the lessons to be learnt for retirement planning and long-term financial security in view of the massive shocks to stock markets, labour markets, and pension plans resulting from the financial crisis. It aims to rethink retirement in the new economic era, including the resilience of defined contribution plans and how defined benefit plans reacted to the financial crisis.
Author: Barbara Smith Publisher: ISBN: 9781925280746 Category : Pension trusts Languages : en Pages :
Book Description
Would you like to control your financial destiny?Think you could do a better job with your retirement savings than your super fund?Anything is possible if you Keep It Super Simple (KISS). The KISS approach to creating wealth through your Self Managed Superannuation Fund (SMSF) will explain how to take control and KISS your big superannuation fund goodbye. Most Australians understand that their superannuation provides money when they retire, but not many take the time to look at the various alternatives available to build more wealth in a most tax-effective way along the way. Authors and supera.
Author: American Bar Association. House of Delegates Publisher: American Bar Association ISBN: 9781590318737 Category : Law Languages : en Pages : 216
Book Description
The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.
Author: Paul Kalanithi Publisher: Random House ISBN: 1473523494 Category : Biography & Autobiography Languages : en Pages : 260
Book Description
**THE MILLION COPY BESTSELLER** 'Rattling. Heartbreaking. Beautiful,' Atul Gawande, bestselling author of Being Mortal What makes life worth living in the face of death? At the age of thirty-six, on the verge of completing a decade's training as a neurosurgeon, Paul Kalanithi was diagnosed with inoperable lung cancer. One day he was a doctor treating the dying, the next he was a patient struggling to live. When Breath Becomes Air chronicles Kalanithi's transformation from a medical student asking what makes a virtuous and meaningful life into a neurosurgeon working in the core of human identity - the brain - and finally into a patient and a new father. Paul Kalanithi died while working on this profoundly moving book, yet his words live on as a guide to us all. When Breath Becomes Air is a life-affirming reflection on facing our mortality and on the relationship between doctor and patient, from a gifted writer who became both. 'A vital book about dying. Awe-inspiring and exquisite. Obligatory reading for the living' Nigella Lawson
Author: Bethany McLean Publisher: Penguin ISBN: 1101551054 Category : Business & Economics Languages : en Pages : 503
Book Description
Hailed as "the best business book of 2010" (Huffington Post), this New York Times bestseller about the 2008 financial crisis brings the devastation of the Great Recession to life. As soon as the financial crisis erupted, the finger-pointing began. Should the blame fall on Wall Street, Main Street, or Pennsylvania Avenue? On greedy traders, misguided regulators, sleazy subprime companies, cowardly legislators, or clueless home buyers? According to Bethany McLean and Joe Nocera, two of America's most acclaimed business journalists, many devils helped bring hell to the economy. All the Devils Are Here goes back several decades to weave the hidden history of the financial crisis in a way no previous book has done. It explores the motivations of everyone from famous CEOs, cabinet secretaries, and politicians to anonymous lenders, borrowers, analysts, and Wall Street traders. It delves into the powerful American mythology of homeownership. And it proves that the crisis ultimately wasn't about finance at all; it was about human nature. Just as McLean's The Smartest Guys in the Room was hailed as the best Enron book on a crowded shelf, so will All the Devils Are Here be remembered for finally making sense of the financial meltdown and its consequences.
Author: M. Ayhan Kose Publisher: World Bank Publications ISBN: 1464815453 Category : Business & Economics Languages : en Pages : 403
Book Description
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Author: Beth Kobliner Publisher: Simon and Schuster ISBN: 0684872617 Category : Finance, Personal Languages : en Pages : 340
Book Description
Provides financial advice that speaks the language and answers the questions of the generation just starting out on the road to financial responsibility.
Author: Board of Governors of the Federal Reserve System Publisher: ISBN: 9780894991967 Category : Banks and Banking Languages : en Pages : 0
Book Description
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Author: Mr. Alvar Kangur Publisher: International Monetary Fund ISBN: 1513588842 Category : Business & Economics Languages : en Pages : 26
Book Description
The Greek pension system has been costly, complex, and distortive, which has contributed to Greece’s fiscal problems and discouraged labor force participation. Several attempts to reform the system faltered due to lack of implementation, pushback by vested interests, and court rulings leading to reversals. A series of reforms introduced throughout 2015–17 unified benefit and contribution rules, removed several distortions and reduced fragmentation and costs. If fully implemented throughout the long-term, these reforms can go a long way towards enhancing the pension system affordability. However, reforms faced setbacks and fell short of creating stronger incentives to build long contribution histories, to deliver sustainable growth by improving the fiscal policy mix, and to ensure fairness and equitable burden sharing across generations and interest groups. Policy priorities should aim towards fully implementing the 2015–17 reforms and complementing them with additional reforms to address these remaining objectives.
Author: Robert T. Gemmell
Author: Robert T. Gemmell
Author: Raimond Maurer
Author: Barbara Smith
Author: American Bar Association. House of Delegates
Author: Paul Kalanithi
Author: Bethany McLean
Author: M. Ayhan Kose
Author: Beth Kobliner
Author: Board of Governors of the Federal Reserve System
Author: Mr. Alvar Kangur