Articles by Stuart Wemyss

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Stuart was a Chartered Accountant before establishing mortgage broking firm ProSolution Private Clients. He has authored two books and shares his experience with readers of Property Update. Visit www.prosolution.com.au


What is advice really worth?
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What is advice really worth?

There’s a story that Henry Ford was having problems with a generator in one of his plants so he hired General Electric (GE) to fix the problem. The engineer from GE climbed up on the generator and made a chalk mark and told Ford’s people to replace sixteen windings from the field coil. The job…

Why is it wrong to invest for income?
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Why is it wrong to invest for income?

The goal for most investors is to accumulate enough wealth so your investment assets generate sufficient passive income to meet living expenses.  If this happens, it is no longer necessary for you to work for an income and you then have complete discretion over what you do with your time. Wouldn’t that be wonderful! However,…

Save tax through successful loan structuring
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Save tax through successful loan structuring

How you structure your loans can have a big impact on the tax you pay, your risk, your ability to build wealth, your cash flow and your general financial strength. Efficient loan structuring is a commonly overlooked and rarely understood topic but that’s not to say it’s overly complex. Like anything, you don’t know what…

Is the financial services Royal Commission good or bad news?
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Is the financial services Royal Commission good or bad news?

Late last year the Prime Minister announced that the “Government will establish a Royal Commission into the alleged misconduct of Australia’s banks and other financial services entities”. You might think this is good news, but I expect that this will be yet another waste of taxpayers’ money (and time). The role of banks has changed…

Never save money for the future
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Never save money for the future

Many people don’t like to save for the future because they think it’s painful. Saving means they have to do without. Conversely, spending today is fun and enjoyable.  Buying a new gadget, a new pair of shoes, dinner at a fancy restaurant, some wine (well, I regard wine as more of an investment). These things…