It tracks your entire Net Worth and has automatic investment optimization and budgeting. His advice is especially apt for someone just starting out. Some might be convinced they've found the 1/10 that does. I think the Barefoot Investor’s advice, for the most part, is sound when it comes to personal finance. By using our Services or clicking I agree, you agree to our use of cookies. Everyone I ever knew was impoverished, mentally ill, or a criminal. Learn about personal finance: budgeting, saving, getting out of debt, investing, and saving for retirement. He's very black and white on things which I found offputtingI'd look at it slightly differently, while still agreeing with you.The average super balance at retirement is a little bit less than that $350k. r/ausfinance Discord Welcome to AusFinance Discussions relating to Australian Personal Finance, economics, banking, investments, superannuation, insurance, and tax. I got the book as a Christmas present and whilst I think it's good for the basics and making you think about your financial situation and goals, it should be taken with a grain of salt. It will obviously mean that your balance will take longer to pay off, and the loan will be indexed to inflation a little longer accordingly.Your repayments are a function of your income, not your HELP liability. More posts from the AusFinance community. Press question mark to learn the rest of the keyboard shortcutsCookies help us deliver our Services. In other words, for most people, with maybe $250k, it's advice they can do something with if they have four or five years to go to retirement.Even though it's not a lot, for the average person at 65 with $250-300k in super, it's practical advice.All of the research shows that given two funds with similar asset allocations - the lower fee fund will perform best over the long-term.If you think the HostPlus Indexed Balanced fund doesn't have the right asset allocation for you, you're correct to look elsewhere.If you think other balanced funds will continue to outperform Indexed Balanced, I'd need some reasoning - past performance really shouldn't be assumed to tell you anything about how a fund will do in the future.Also, the differences have been tiny (5year average):His point is that you cannot control returns but you can control how much you pay.
If you have some money in say Australian term deposits and some in American Term Deposits, most people would think of active management as trying to shop around to try and find a potentially better rate and failing 9/10. But someone with more knowledge in the area can probably clear that up if it is relevant to you.It's a % of how much you earn annually and if you're short at tax time you get a bill!They will stay the same, but will take longer to pay off.As this is not deductible debt, you may want to look at paying that down before paying down any deducible debt.New comments cannot be posted and votes cannot be castAustralian Personal Finance. The reason he recommends the indexed balanced fund is because of the fees.In regards to contradicting himself, He provides different options for people looking to invest in different ways and there seems to be a lot of effort put into ensuring and guiding people towards a portfolio that they believe is most suitable for their risk appetite and involvement.He also says $350,000 super is enough for retirement but in reality this will be way too tough for most. Hey everyone, I am a massive Google Sheets fan, so after seeing a few other sheets in the Sub this week and seeing this being useful in the past in this sub, here's my automated Google Sheet that has helped me track my Networth and Financial situation month to month. Now, while it has super low fees (can’t remember off the top of my head), it’s returns are inferior when compared to a regular balanced fund.The purpose of this post is to start a discussion around the Barefoot Investor’s superannuation advice and, more specifically, Hostplus’s Indexed Balanced fun and possible alternatives, so that those who have read his book can make a more informed choice.Disclaimer: I do not work in finance; just interested in it. ... help Reddit App Reddit coins Reddit premium Reddit gifts.
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