investiment property vs managed fund vs financial planner

黑山老妖

They need to be AFS(Australia Financial Services) licensee or work for a AFS licensee. Each advisor must also have PS146 accreditation in their specialist area.

popohu

is it called AFS?

黑山老妖

Australia Financial Services License

SOSHELPPLZ

原帖由 黑山老妖 于 2008-5-22 16:12 发表
They need to be AFS(Australia Financial Services) licensee or work for a AFS licensee. Each advisor must also have PS146 accreditation in their specialist area.

咦， 应该只要ASIC的这个accreditation就可以了吧，不是说这个才是执业的标准吗？

AFS的LICENCE政府并没有强制要求呀

courier

我以前对基金感兴趣，买过一本书。基金确实非常复杂。首先基金品种繁多，不容易弄清。各种各样的费用，隐形费用，数不胜数。最后，基金的投资方向，甚至基金经理个人品性，偏好，也是购买的很重要的考虑。

popohu

new update!! I just booked to see 2 different financial planners in the next 2 weeks. 1 is a fairly small family business, the other is a really big company. They all do free initial consultation, so we will go along and see what they can offer us and have a compare. Will let you know how it goes.

BTW, thanks for all the help, you've made me realized that I am not in any position to decide what is the best investiment strategy for me. So I guess I will need to fork out the dollars to make some more dollars. hehehe.

popohu

I've gone to have a chat with the 2 planners from different company. It was actually quite interesting.

The first planner from a privatised company was aiming to pay off our mortgage in short period of time, whilst the planner from the big company was talking about the end goal. i.e how much money we are going to have when we retire. In comparison I liked the first one.

Plus the planner from the smaller firm is going to draft up a profolio for us free of charge, and if we like what he is proposing then we go ahead with it. They sounds  like they are offering the complete service.

The planner from the big firm was like, 'let me know which option and  kind of service you want, and we will charge you accordingly'

will wait and see what the profolio is like, then we  will  decide. Also, it is not as expensive  as we thought it would cost us.

黑山老妖

原帖由 popohu 于 6/6/2008 15:13 发表
I've gone to have a chat with the 2 planners from different company. It was actually quite interesting.

The first planner from a privatised company was aiming to pay off our mortgage in short perio ...

Thanks buddy. Keep us posted on any further development.:si21

popohu

哇，老大，有加分哪！！
（某小白抱着分在后面狂跳）
我，我要感谢班竹，足迹，我老爸，老妈。。。。

黑山老妖

呵呵。等后面的哦。

popohu

不好意思，总算回来填坑了！！下面一段还是打英文吧，要不然我的手都要断掉鸟。

Anyway, the story goes like this.

We went to see the FA(简称，越打少越好), the propose was  very interesting,  and it took us a lot of  questions and a while to get our heads around what he is trying to do.

Remortgage, get a line of credit equivalent to the equity we have on the house. split this line of credit down to 2 portions. one portion for mortage, and another portion for managed fund.

Also, invest in agribusiness (only for  this financial year though, coz not sure what will happen next year with the  tax man, as there has already been a lot of focus on investing in the agribusiness). so we get 40% of our investiment back (i.e tax cute) straight away.
The money to invest on this is borrowed from the bank, although the  interesting thing is, we  don't have to use any equity or asset to borrow. This means, it is not money out of our pocket, great!! and that 40% goes straight to the mortgage repayment.

Anyway, we asked the FA, so how does this pay off our mortgage quicker then? that means we are just doubling up our loan . He said, because  we borrow to invest, all of the interest we pay is tax deductable, they will fill out some form to the taxation  office, which states that our taxable income are now in a lower tax bracket, hence every month we will get more money in our bank, and these money go straight to the mortgage. It's like get your tax back in advance.

He has then gone through the whole, good debt, bad debt thing, and  made us understand that mortgage is bad debt. On top of that, he compared invest in MF to property, which shows the MF is the clear winner. As the property market is predicting of an 18% in 5 years return from the properties, whilst MF is anything from 8%-15% per year.

Anyway, I am not sure if that all make sense from what I've just explained, but we did some calculations, and for the first year, we don't pay anything out of the pocket, the tax cut exceeds the amount of interest we pay overall, the 2nd year we maybe paying a little bit of interest, which works out to be not notciabble. From all the calculation it seems to be pretty good and easy, doesn't really impact on our lifestyle.

BZ, how does this sound to you?

popohu

basically, we don't have to worry about anything, he will take care of which MF to go for and what to buy. Of couse we have input to that as well. it really sounds easy.

daixin

Financial planner 真的是良莠不齐的,很多是SALES的,而且他们CHARGE的费用比较高. 由于工作的原因，我接触过很多FINANCIAL PLANNER,很多都不明白自己在做什么.

popohu

我们谈的第二个是有点这种感觉。最好笑的是，她当我啥都不懂，解释的非常笼统。只是说不要把钱都放在回贷款上，需要借钱买fund.感觉上真的是一点都没有收获。像stating the obvious!

相比下第一个帮我们解释的清楚，其实话说回来，听他一说投资其实是很简单的

alyssa

增加了借款， 那部分的投资回报是有保证的吗？8%-15% per year？
如果他们做不到呢？:o

eagleowl

我以前也和FA 谈过, charge很贵, 当我们都是白痴. 估计老外自己懂投资的真没几个. 所以才有穷爸爸, 富爸爸, 这种扫盲书流行.

黑山老妖

原帖由 popohu 于 20/6/2008 10:47 发表
不好意思，总算回来填坑了！！下面一段还是打英文吧，要不然我的手都要断掉鸟。

Anyway, the story goes like this.

We went to see the FA(简称，越打少越好), the propose was  very interesting,  and it  ...

Hi popohu,

Just want to let you know that investing in Agribusiness is almost a sure way to loose money. Be very very careful. The only reason you get tax back is because you will loose money. Don't invest base on the principle of tax minimization.

The FP you spoke to sounds like a standard salesman type: set up some geared capital and leverage into managed fund. To convince you they all throw in some industry standard performance figures for different asset class. Selling Agri product is bordering on dodge practice in my book. I would be worried if I was there.
I will also be very very worried if my FP says "Let me handle your money and you don't worry a thing".

Did he explain the risk of gearing to you? How about income security? Did he also explain how he charges? Is it based on the amount of money he manages?

Remember its your money and you should always be in control of it. No one else cares about your money apart from yourself.

[ 本帖最后由 黑山老妖 于 2008-6-29 11:24 编辑 ]

MyMelody

我要好好学习这个帖子

明天晴天

我同意LZ和TZ们的看法。的确是financial planners 是良莠不齐的。
一个好的金融理财师是会像LZ说的那样，会帮助看全局的。
但是也有的金融理财师是只卖产品的。
但是并不打算是一定要有钱了才要见金融理财师。金融理财师的目的就是应该是帮助大家赚钱和省钱的。

dreamknight2

原帖由 popohu 于 22/5/2008 16:06 发表
btw, just of curiousity, do the finanical planners need a license? if so, would you know what that license is called in order to practice? Cheers.

Some of them are members of FPA(Financial Planning Association of Australia). Just like a mortgage broker, they need to comply with regulation and rules. However, I really doubt the ability of some financial planners from my experience. Some mortgage brokers are registed financial planners as well. They abuse the identity to sell mortgage. And some financial planners recommend the products that they would not even buy for themselvies.

So, my suggestion are :

1. Find a independent financial planner and make sure he make money from their advise not the perticular products they recommended.

2. Do a bit research on the financial planner's investment history and make sure he has the experience on the fields of his recommendation.

3. Investing is life long journey and not many people can do it very well. otherwise, they wil invset for themselvies instead of spending time with you.

All in all, good luck and have fun on investing!(monkey06) (monkey06) (monkey06)

popohu

Well, actually I have to say, I was very concerned with this global financial crisis. As we did go into the investiment market just not long before the HUGE crash. Having said that, it is not as bad as what I thought it might have been, and we have not lost has much momey as we thought we would. Nevertheless, we did loose some. It is quite ironic in the sense, the guy asked me 'what happens if the market crashes tomorrow and you are in it today?', and our answer was 'wait for the day after tomorrow'.

Furthermore, dreamknight2 is absolutely right on his suggestion, and I guess at the end of the day, no one can foresee the future. I am just hoping for a faster market recovery. haha.

我是老人

NEVER  TRUST  FINANCIAL PLANNER.