Why Advice?
42 episodes - English - Latest episode: 6 months ago -'Why Advice?' is an ongoing podcast featuring stories of timeless investment lessons.
This podcast is for informational purposes only and the information contained is of a general nature and may not be relevant to your particular circumstances. The circumstances of each investor are different, and you should seek advice from a professional financial adviser who can consider if particular strategies and products are right for you. In all instances where information is based on historical performance, it is important to understand this is not a reliable indicator of future performance. You should not rely on any material on this podcast to make investment decisions and should seek professional advice.
Mancell Financial Group is an Authorised Representative No. 226266 and Credit Representative No. 403187 of FYG Planners Pty Ltd, AFSL/ACL No. 224543. ABN 29 009 541 253.
Hosted on Acast. See acast.com/privacy for more information.
Homepage Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Episodes
Defining Adviser Alpha
October 27, 2023 05:26 - 8 minutes - 15 MBThe financial industry has long been attempting to get to the bottom of what alpha is within financial advice. Someone pays a financial adviser X amount, does that person derive more in value from that advice than they pay out? Fund manager Vanguard has tried to quantify this value for years with an ongoing report called ‘Adviser Alpha’. Their most recent report had defined three areas of value. They say these three areas can combine to add 3% to someone’s bottom line. Hosted on Acast. Se...
Nobody Knows Anything
October 20, 2023 04:10 - 7 minutes - 13.1 MBAs one of Hollywood’s most successful screenwriters, William Goldman won two Academy Awards and had over twenty of his screenplays made into movies. However, arguably his most famous line isn’t from one of his movies. It was from a book he wrote on the movie business called Adventures in the Screen Trade, and it’s an assessment of the business itself. Hosted on Acast. See acast.com/privacy for more information.
Inside a Positive Retirement
October 04, 2023 05:54 - 8 minutes - 15.2 MBJames Lipton was 93 when he passed away in 2020. Two years earlier he'd finished working on the thing he was best known for: Inside the Actors Studio. Remarkably, it didn't begin until he was 67. Hosted on Acast. See acast.com/privacy for more information.
Disney Shows Nostalgia No Way to Invest
September 28, 2023 06:41 - 9 minutes - 17.7 MBWhen thinking about nostalgia, you’d be hard pressed to find a company that evokes nostalgia more than Disney. For almost 100 years Disney has been entertaining people around the world with family friendly entertainment that’s linked generations. Maybe you’ve enjoyed their movies, had a favourite Disney character, owned any of their memorabilia, had the fortune to visit one of their theme parks as a child (or even as an adult), or just have an interest in their storied history. Many people f...
Quarterback Money Blues
September 05, 2023 03:57 - 10 minutes - 20 MBFor Baker Mayfield’s advisers, the most important thing should have been protecting the money, accounting for the risks of his vocation, and it not being a distraction. They've failed him. Hosted on Acast. See acast.com/privacy for more information.
Your Investment Philosophy Reviewed on Rational Reminder Podcast
October 11, 2022 01:00 - 1 minute - 3.69 MBGrab a copy of Your Investment Philosophy at your local Amazon, or if you're in Australia at this Amazon link: https://www.amazon.com.au/Your-Investment-Philosophy-Protecting-Fraudsters/dp/B0BCCYSN6L Hosted on Acast. See acast.com/privacy for more information.
Your Investment Philosophy Book Excerpt
September 07, 2022 07:06 - 8 minutes - 12.2 MBYour Investment Philosophy: A Guide to Managing Wealth & Protecting it from Fraudsters, Marketers & Doom Merchants What are your investment beliefs? It’s a simple question, but one many investors can’t answer. Are you one of those investors? Your Investment Philosophy will change that. Five simple principles help you cut through the media hype, folk tales, and industry marketing that have dominated the minds of investors for too long. You can approach investing with confidence, understa...
Evolving From Perfection to Success
August 23, 2022 06:00 - 8 minutes - 16.4 MBAndre and Serena didn’t just get to be the best, they had to recognise shortcomings and weaknesses, and address them so they could reach their true potential. For investors it's no different, there's no perfection when investing so it's important to understand the difference between success and perfection. Hosted on Acast. See acast.com/privacy for more information.
The Cynicism Handicap
August 19, 2022 00:05 - 7 minutes - 13.9 MBOver the years the cynic has somewhat been romanticised as those who are realistic and clear-headed, instead of being seen as dark and pessimistic, but it's not really true. Hosted on Acast. See acast.com/privacy for more information.
The Rich & The Lure of Alternatives
August 09, 2022 00:36 - 10 minutes - 19.5 MBAt some point many investors will ponder the need for more exotic assets in their portfolio, but is this being dictated by logic or feelings? We all may want to feel special and sophisticated, but in truth, the rich are different. Hosted on Acast. See acast.com/privacy for more information.
Wade Vs. Plunge
August 04, 2022 07:00 - 9 minutes - 18.4 MBThe eternal investment question – “do I invest my money all at once or do I invest smaller amounts at predetermined intervals?” Otherwise known as lump sum investing vs. dollar cost averaging, or as our US colleague Jeff Troutner once termed it: wading vs. plunging. For full breakdown of portfolio constructions used, please visit here Hosted on Acast. See acast.com/privacy for more information.
Horrific Burns from Celsius
July 30, 2022 00:30 - 10 minutes - 20.2 MBPeople take big leaps of faith in all areas of life. As the Celsius crypto bankruptcy shows, taking leaps of faith with your money can have terrible consequences. Why do people keep putting their money in assets or on platforms that have multiple red flags? Hosted on Acast. See acast.com/privacy for more information.
Retire on the Pension with $88k?
July 29, 2022 02:12 - 8 minutes - 16 MBCan you retire on the pension with an $88k lump sum? On the spreadsheet, sure, but lets look at various challenges retirees face. Housing maintenance. Restlessness. Health & Mobility. Women's super small balances. Hosted on Acast. See acast.com/privacy for more information.
Investing & New Challenges
June 18, 2022 00:44 - 9 minutes - 17.1 MBInflation is here. While it took some time to fully show up in the official figures and be acknowledged by learned economic scholars, us mere mortals who engage with increasing prices throughout the economy on a day-to-day basis long knew something was up. Hosted on Acast. See acast.com/privacy for more information.
The Most Dangerous Word In Finance
June 10, 2022 01:26 - 8 minutes - 15.1 MBMany investors place too much faith in the word safe. They're happy to take it at face value while looking past the need for more research or better understanding the basics. Hosted on Acast. See acast.com/privacy for more information.
Act As If with Aged Care
May 28, 2022 02:22 - 8 minutes - 14.9 MBThe aged care system in Australia has been under scrutiny in recent years. While the focus has been on harrowing stories from inside the system which hopefully will be addressed, very few people are aware of the often-complex entry process faced by seniors and their families. Here the old principle of “you don’t know what you don’t know” should always be in the minds of seniors along with anyone who wants to offer professional advice or unprofessional opinions. Hosted on Acast. See acast.co...
Decisions in the Aftermath of Divorce
May 20, 2022 04:11 - 7 minutes - 14.7 MBThe Johnny Depp Amber Heard trial shows people aren't at their best during and in the aftermath of divorce, so how do you handle financial decisions in the chaos? Hosted on Acast. See acast.com/privacy for more information.
Questions to Lift the Fog
May 05, 2022 23:41 - 9 minutes - 17.3 MBHow does someone get so far along in their life without any financial or investment direction? In the past information was very hard to come by, today it's almost a flood, so it's not easy, but every investor needs to ask themselves some simple questions. If they don't like or can't provide the answers, then they might need some help. Hosted on Acast. See acast.com/privacy for more information.
Finfluencing Poses Age-Old Product Problem
May 05, 2022 01:14 - 9 minutes - 16.9 MBASIC has cracked down on finfluencers, and while finfluencers have complained, they were too product focused. There is an easy fix if they genuinely want to be financial educators. Hosted on Acast. See acast.com/privacy for more information.
Gambling, Speculating & Investing
April 29, 2022 01:45 - 10 minutes - 18.5 MBWalter Matthau was known as a massive sports gambler, were he alive today, you’d wonder whether he’d still be dedicating his time gambling on horses and sports teams given today's obsession with cryptocurrencies and terrible stocks. There has always been a debate about the overlap between gambling and investing. Investing has often been linked with gambling, usually unfairly by people who take a cursory glance and don’t understand the actual intermediary of investing and gambling is specula...
Greenlights & Redlights
April 22, 2022 04:04 - 10 minutes - 19.5 MBWhat's the difference between the careers of Matthew McConaughey and Nicolas Cage over the last decade? It might be Blaine Lourd. Hosted on Acast. See acast.com/privacy for more information.
The Cheat Codes To Successful Investing
April 06, 2022 06:24 - 6 minutes - 11.3 MBIt’s no secret many people are out there looking for a cheat code to lose weight or get fitter. While there’s also those that are prone to believing there is a cheat code for investing. Hosted on Acast. See acast.com/privacy for more information.
Heirlooms - The Emotions Surrounding Inherited Investments
March 31, 2022 23:51 - 7 minutes - 14.3 MBStories about investing $10,000 and turning it into a million are staples in the financial media? Do people actually do this? Yes, some people hold for decades and have a massive amount of wealth concentrated in on position. Then they leave it to their relatives, which poses a question: how do they deal with this financial heirloom? Hosted on Acast. See acast.com/privacy for more information.
The Lies of Melissa Caddick
March 29, 2022 05:57 - 9 minutes - 17.5 MBThere was no grand plan behind Melissa Caddick's disgusting ruse. It was common theft, so how can investors avoid similar frauds? Hosted on Acast. See acast.com/privacy for more information.
Insights From Your Fellow Investors
March 25, 2022 01:43 - 8 minutes - 16.3 MBWhy do some investors react, and others don’t? Can investors overcome it and become either disinterested or resilient? It can depend on a variety of factors. Who you are, your background, your education, your profession, or your outlook on life. Mix these factors in with whatever is confronting a person at a particular moment, and it may prompt a particular outcome. But we asked some clients, who’ve traditionally been calm, how they handle volatility. It’s not that complicated. Here’s what ...
Content, Conflict & Russia
February 24, 2022 06:19 - 8 minutes - 16.3 MBThere has never been more information available, but the downside is it has never been harder to sort? With Russia declaring war on Ukraine, and the most negative outcomes emphasized, what should investors do? Investing is navigating your emotions through history as it’s being written. Consuming endless streams of speculation, potential worst-case scenarios, and toxic waste, otherwise known as content, is unlikely to take our emotions to a good place. Hosted on Acast. See acast.com/privac...
Concentrated Employee Stock Positions
February 17, 2022 02:07 - 9 minutes - 16.8 MBBeing concentrated in one company is great if the company provides strong performance, but it becomes potential planning headache. Investors generally want some assurances of certainty when they’re planning for the future. In the absence of certainty, investors can take leaps of faith. When things are good that means having faith that things will continue as they are, until they don’t and stock prices do fall and assumptions can go up in smoke. Hosted on Acast. See acast.com/privacy for mor...
Using & Abusing Warren Buffett Quotes
February 16, 2022 00:27 - 6 minutes - 12.1 MBHeard of Warren Buffett? You probably have and you've probably heard of his quotes. Investors have a habit of applying Warren Buffett's quotes to the wrong scenarios to cover up their mistakes. Hosted on Acast. See acast.com/privacy for more information.
The Greys of Ethical Awareness
February 11, 2022 01:15 - 12 minutes - 22.6 MBMany investors are rushing to join the ESG investing movement. As you’d expect, there’s no shortage of fund managers rushing to cater to these investors. History has shown if the investment industry thinks they can flog you hot idea, they’ll flog you that hot idea, but before you jump in head first, consider the label and the fine print and ask yourself what are you trying to achieve with ESG investing? Hosted on Acast. See acast.com/privacy for more information.
The Historic Market Crash
February 03, 2022 06:15 - 11 minutes - 20.5 MBWe've all been panicked by a forecast that the sharemarket might crash, but the sharemarket rarely crashes. So why does the media report a market crash forecast with the utmost seriousness, while ridiculing end of the world preachers? Let's take a look at fundamentalist preacher Harold Camping and billionaire investor Jeremy Grantham as an example. Hosted on Acast. See acast.com/privacy for more information.
A Green Space Recharge
January 28, 2022 05:22 - 7 minutes - 14.1 MBPeople are limiting their movements. At most, venturing out during low trafficked hours to visit the supermarket. If someone isn’t getting out it’s worth being aware of how one might find an environment which contributes to better health and wellbeing. Links Social isolation during COVID-19 lockdown impairs cognitive function: https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/acp.3821 View through a Window May Influence Recovery from Surgery: https://www.researchgate.net/publication/1...
Stories & Evidence
January 19, 2022 04:04 - 11 minutes - 20.8 MBQuick success in cycling inevitably brings skepticism, the best way to overcome skepticism is a good story. Lance Armstrong and Team Sky had great stories behind them, but when the evidence came out, well it was a very different story than the ones we'd been told. Investors can learn a lot from these two stories. Links The Science of Lance Armstrong Remarkable drugs report shatters Team Sky’s illusion of integrity Inside Team Sky - David Walsh House of Commons Digital, Culture, Medi...
Magellan Challenges Active Adviser Beliefs
January 12, 2022 00:05 - 9 minutes - 17.6 MBOne of Australia's best known fund managers Hamish Douglass of Magellan is having a torrid time at the moment, it would be easy to pile on, but we're looking at it from a different angle. Underperformance is an uncomfortable topic and switching managers raises many questions for financial advisers and their clients. Links S&P Index vs Active The Cost of Parental Bereavement & Mutual Fund Managers Limited Attention, Marital Events & Hedge Funds Day of reckoning for Magellan’s Hamish D...
Why Advice #6 Personal Insurance
February 26, 2021 02:14 - 39 minutes - 54.7 MBWhy does someone need personal insurance? Daniel is joined by Peter Mancell, founder of Mancell Financial Group and Peter has advised clients on insurance for 41 years. Coincidentally, this podcast coincides with the first policy he ever wrote. If you want to get a better understanding of personal insurance, this is an important listen. The pair discuss: The types of insurance and how they are assessed when advising clients. Sourcing your insurance through an adviser vs a TV commercial....
Why Advice #5 What is an AFSL?
February 05, 2021 04:31 - 30 minutes - 56.8 MBWhat is an AFSL? What is a financial advice dealer group? To offer advice on a financial product in Australia you require an AFSL. In the financial advice space, some advisers have their own AFSL, while the majority are authorised by a broader group who holds a license, often known as a financial advice dealer group. The dealer group provides various services the adviser would rather outsource and operates compliance oversight for the advisers licensed to the group. Daniel is joined by Andr...
Why Advice #4 What is Your Investment Philosophy?
January 13, 2021 02:51 - 45 minutes - 82.9 MBThe most important thing about an investment philosophy is that you have one - David Booth So what is an investment philosophy and why do you need one? Daniel is joined by Peter Mancell, the founder of Mancell Financial Group and Managing Director of AFSL FYG Planners, the pair discuss the importance of having an investment philosophy, the importance of your financial adviser having a clear investment philosophy and the importance of using an evidence based investment philosophy. They disc...
Why Advice #3 Protecting Yourself From Fraud
December 17, 2020 03:49 - 43 minutes - 79.6 MBHow do you protect yourself from a fraudulent financial adviser? Daniel is joined by Peter Mancell, the founder of Mancell Financial Group and Managing Director of AFSL FYG Planners, the pair discuss the recent Melissa Caddick situation in Sydney and go through several simple steps investors can take to better protect themselves from an investment 'professional' who is fraudulent or not acting in their best interest. They discuss: The importance of using the financial advisers register. U...
Why Advice #3 Protecting Yourself From Fraud (Melissa Caddick)
December 17, 2020 03:49 - 43 minutes - 79.6 MBHow do you protect yourself from a fraudulent financial adviser? Daniel is joined by Peter Mancell, the founder of Mancell Financial Group and Managing Director of AFSL FYG Planners, the pair discuss the recent Melissa Caddick situation in Sydney and go through several simple steps investors can take to better protect themselves from an investment 'professional' who is fraudulent or not acting in their best interest. They discuss: The importance of using the financial advisers register. U...
Why Advice # 2 Value Premium, WFH, Millennial SMSF & Financial Abuse
December 15, 2020 04:13 - 43 minutes - 60.1 MBTristan and Daniel discuss the potential for the value premium to rear its head, the work from home dilemma, along with the potential to be taxed for working from home. They also touch on the new millennial SMSF by stake. In the main part of the program, the pair discuss gifting adult children from a psychological perspective, along with financial abuse of the elderly and ways to combat it. See acast.com/privacy for privacy and opt-out information.
Why Advice #2 Value Premium, WFH, Millennial SMSF & Financial Abuse
December 15, 2020 04:13 - 43 minutes - 60.1 MBTristan and Daniel discuss the potential for the value premium to rear its head, the work from home dilemma, along with the potential to be taxed for working from home. They also touch on the new millennial SMSF by stake. In the main part of the program, the pair discuss gifting adult children from a psychological perspective, along with financial abuse of the elderly and ways to combat it. Hosted on Acast. See acast.com/privacy for more information.
Why Advice #1 Introduction, Real Financial Advice & Peter Mancell
December 10, 2020 23:57 - 45 minutes - 62.2 MBDaniel is joined by Tristan Dallas of Mancell Financial Group to discuss 'the why' and where we are going with this podcast. The pair give a brief overview of real financial advice, at the 23 minute mark they are joined by the founder and managing director of Mancell Financial Group, Peter Mancell. Peter has been at the forefront of driving financial advice standards in Australia. Mancell Financial Group were the second firm to become CEFEX certified fiduciaries in Australia and were a fou...
#1 Introduction, Real Financial Advice & Peter Mancell
December 10, 2020 23:57 - 45 minutes - 62.2 MBDaniel is joined by Tristan Dallas of Mancell Financial Group to discuss 'the why' and where we are going with this podcast. The pair give a brief overview of real financial advice, at the 23 minute mark they are joined by the founder and managing director of Mancell Financial Group, Peter Mancell. Peter has been at the forefront of driving financial advice standards in Australia. Mancell Financial Group were the second firm to become CEFEX certified fiduciaries in Australia and were a fou...