To HECS or not to HECS, bad financial decisions & ESG ETFs (Adviser Q&A)
May 13, 2024
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Financial adviser Alex Luck and Owen Rask discuss HECS debts, car loans, ethical investing, super contributions, investment properties, and more. They emphasize the impact of financial decisions, ethical investing with ESG filters, maximizing super contributions for tax benefits, navigating business advice, property ownership, and effective saving strategies.
Gearing magnifies gains and losses in property investing, requiring thorough review of fund details.
Automated investing tools aid in building net worth through consistent contributions over time.
Align personal values with fund offerings for an ethical investment portfolio, considering filters, fees, and customization.
Deep dives
Gearing Investments with B2Shares Wealth Builder Funds
Investors find using debt advantageous in property investing. B2Shares offers ASX ticker symbols G200 and GHHF for gearing across Australian and global shares. Gearing magnifies gains and losses, necessitating a thorough review of the funds' PDS and TMD.
Investing Insights on Proper Dollar Cost Averaging
Perla investors demonstrate the effectiveness of investing small amounts regularly. Automated investing tools simplify the process, aiding investors in building net worth over time through consistent contributions.
Constructing an Ethical Investment Portfolio
Building an ESG/sustainable portfolio is feasible, yet requires aligning personal values with fund offerings. Negative and positive filters impact stock selection. Individual ethical definitions influence portfolio content, with considerations on fees and customization for ethical alignment.
Maximizing Value Through Advisory Boards and Coaches
Having a board of advisors can provide valuable insights and direction for a business. Regular meetings with advisors helped the speakers stay on track and focused on key action items. Additionally, working with a coach or a trusted advisor can offer objectivity and long-term strategic thinking. Leveraging external expertise through advisory boards and coaches can enhance accountability and decision-making.
Utilizing Home Equity for Investments
Using home equity for investments involves borrowing against the property's value and paying interest on the borrowed amount. The interest paid is tax-deductible, making it a tax-efficient strategy. While investing equity can potentially yield higher returns than interest paid, it requires thorough financial planning and risk assessment. Borrowers need to consider the long-term implications and consult with financial advisors to ensure proper structuring and risk management.
Owen Rask & financial adviser Alex Luck answer YOUR questions today, covering HECS debts, car loans, building an ethical investment portfolio, making super contributions, investment properties and more.
DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.