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The 1970’s were known for flared pants, safari suits, big hair, vinyl records, disco and stagflation. As a child in the 70’s I can remember most of those things I’ve just listed, except stagflation. But then again, all I really wanted to do was ride my bike faster than my mates, play test cricket for Australia and stay out of trouble at school. The economy to me back then was the bit of pocket money I would get for a few jobs around home.
If you’re about to apply for a Centrelink benefit such as the age pension or Commonwealth Senior Health Care Card, you’re going to play a game called Centrelink Snakes and Ladders… The purpose of this is to suggest some tips to finding more ladders and fewer snakes. The difficulty with a Centrelink application tutorial is that everyone's experience in applying for a benefit is different and subject to so many personal variables, let alone the complexities of the system itself. There’s a reason why so many clients prefer to simply pay us to help them with the system barriers, jargon, enormous time delays and hair pulling stress that can be avoided!
It’s tough coming up with some interesting and witty dialogue for this year’s mini federal budget, when it’s exactly that, mini. There are not a lot of maximums on offer for any demographic, although the growing spending on NDIS and Defence are certainly not ‘mini’. Parents may benefit from increased spending in Childcare and more self funded retirees will be able to get the Commonwealth Seniors Health Care Card, thanks to increased income test thresholds (now legislated on Oct 28th, 2022).
Financial Planning Week is an opportunity each year for the community to understand a little more about what a professional financial planner does, and what benefits they can provide. Here at Goldsborough, we have a 30-year history of providing quality advice, service and support to many thousands of clients over that journey. Many have been clients for well over 10 years for some of the reasons that recent research(1) conducted by the Financial Planning Association confirmed.
During times of volatility, some investors can be spooked and question their long-term investment strategies. Some, may find the worry too much and feel the best thing to do is pull out of the market entirely and wait on the sidelines until they feel safe to move back in. Often the emotive decision, ends up being the wrong move long-term. With any market fall, it’s human nature that the experience of a loss is more acutely felt than the joy of a gain (‘loss aversion’). A degree of volatility in the market will always be a constant; therefore, it is important for investors to keep perspective and be disciplined in their investment approaches. Below is an outline of the long-term fundamentals to bear in mind.
Once thought of as an ‘end goal,’ retirement for many Australians now represents a new beginning – a time to learn, grow and explore. Life expectancies are on the rise and medical advances have improved our general health, giving people more time to thrive in their later years. Another game changer has been our superannuation system, which turns 30 this year. With three-decades worth of superannuation savings, many Australians aged in their 50s and 60s have accumulated meaningful amounts of money in super.

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Australia’s superannuation system has achieved significant growth, with assets increasing from $150 billion in 1992 to over $4 trillion today, and projections estimating it could reach $9 trillion by 2040. This growth has positioned the system as one of the largest pension pools globally. Over the past 20 years, regulatory efforts have encouraged consolidation, reducing the number of funds by 93%. This has led to the emergence of large-scale funds that now dominate the sector, controlling over half of its assets.
Are your investments well diversified? Do they align with your personal risk profile? Do they cleverly optimise risk and return? Are you a believer that time in the market beats timing the market?