Category Archives: Advice

Aussies Are Turning To Robo-Advisers To Boost Returns

Aussie investors looking for decent returns on their money are looking for alternatives to simply putting their money in the bank and letting it build up over time through interest.

Interest rates on term deposits and online savings accounts stay at around 1-2%, which it has been around for quite some time now. Meanwhile, the Aussie sharemarket has gone up by 9% over the past 12 months, hence why seeking financial help online has become more commonplace. Shares have also paid healthy dividends, with an average return of 4%.

Accountant Guy Bane, aged 29, is one of the many Aussies who have turned to robo-advisers to get great returns. In his case, he turned to Stockspot. Bane says that he’s trying to build up wealth so he can get property when real estate prices go down.

Investing parcels of $5,000 to $10,000, he has enjoyed an average of 8% in his annual returns for the past two years.

Stockspot is one of the many robo-advisers that have popped up in recent months. These robo-advisers offer financial help online or via phone, but instead of a professional financial adviser, a computer is the one that offers returns via investments in exchange-traded funds (ETF), using Aussies’ submitted information.

An ETF is a simple and low-cost way to get returns on share indexes or underlying assets. At the end of August 2018, the ASX had 178 ETFs listed, which included 23 new additions that came in within the past 12 months. Overall, the ETF market grew by 70% within the past 2 years from $23b to $39b.

According to Stockspot Foudner, Chris Brycki, said that many of their investors turned to their platform for financial help online if they didn’t or couldn’t keep close track of financial markets. He describes ETFs as a way to invest into different investments at once rather than just buying a single share.

About 70% of Stockspot’s ETF money is put into growth assets, with the remaining amount put into defensive investments.

Financial adviser James Trethewie says that using robo-advice was a cheap, easy way to access the sharemarket, great for people who can’t really afford to go for financial help online or from advisors.

Trethewie considers robo-advisers are great for people who are starting out and aren’t going to be investing a lot of money.

 

How Patrick Mahony Can Help You Overcome Disappointments

You feel bad and awful when you are disappointed just because the situation isn’t favored to your side. Sometimes, the disappointments can turn chronic, that such feeling will become abnormal and need a professional for an expert advice. Difficult times can be daily stressors to one’s life and it can heighten their reaction especially when they hear bad news. If you work with experts like Patrick Mahony, he can help improve your coping abilities, so you bounce back like it never happened.

  • Take time to wallow: You will find a sense of calmness if you first experience nervousness due to the disappointment. When you hear bad news, take time to let it sink in and allow to feel afraid, resented and disappointed. The feeling will improve the sense of our experience and it can even honor our emotions. Once you calm down, you will know what to do.

 

  • Do check the reality – is it really that bad? Once you feel disappointed, you step back and evaluate. It may seem to be the most horrible thing to ever happen, but as a human being, you tend to dramatize. You can recognize if the feeling is real and make your thoughts know the truth. Once the disappointment is over, you look at the problem objectively, distinguish the fact and minimize negative thoughts. A professional help from Patrick Mahony will ease out the burden.

 

  • Don’t indulge in negativity: If you want to overcome disappointment, you have to control that it doesn’t grow into a stronger emotion like depression or discouragement. If you prolong your feelings of disappointment, you feel discouraged and will not know what to do. It will make you feel more depressed and it will be difficult to get over it. But if you seek help from a professional, he can help you turn the negative into a positive emotion and become determined. Your peace of mind is also restored.

 

  • Avoid anxiety by reducing stress: Find a way to relieve you from anxiety by watching funny shows, taking long baths, listening to music, meditating or brisk walking. When you’re stressed and anxious, you are very sensitive and prone to agitation. Find ways that keep you calmer, so you don’t feel that it’s the end of the world. You can ask psychoanalyst Patrick Mahony on how to relieve you with such feeling.