Managing Mortgages And Super Funds

20:37' 05-02-2018
Tony Trinh is currently an Integration Specialist with iSelect. In the past he has worked with Deloitte, Accenture and other major investment and business firms. Here he shares some of his hints about financial management.

    Kết quả hình ảnh cho financial management


    Schools teach children all kinds of valuable information. Maths, Physics, Literature, Accounting. However, very few schools teach anything about financial management. Is it any wonder that people have so many financial problems?

    Self Managed super funds

    These funds can be very hard to manage. Accountants love these because they can charge you a lot for their help. They are quite technical and you have to do a lot of administrative work yourself. If you have one of these funds and your partner passes away before you do, the paperwork can be complex, a big headache. Unless you have excellent administrative skills, I will usually not recommend them.

    A generally good super fund

    One fund worth considering is the Hostplus Index Balanced Fund.

    It invests in the 1500 largest companies (including Apple, Facebook, Nestle), and is 75% growth and 25% defensive. This fund has outperformed many others over the years.

    Also, the fees are very low. As you all know, banks and financial institutions live on fees, including many you don’t even know about. Anyone who has a credit card knows what I’m talking about.


    Mortgage comes from a French word meaning “debt till the end of your life”. So think about all the factors. You need to save at least 20%, otherwise you need mortgage insurance, and this is expensive. Bank payments should never be more than 50% of your income. Financial stress is what usually rips families apart.

    Buying a property with friends

    Ask yourself, will they still be your friends 20 years later? Things change, life changes, and unless you can pay off the property in a short time, it can get complicated.

    Buying a property with your parents

    This can work, but if the parents don’t have an income or if they pass away, you’ll be in trouble.

    Best investment advice

    Buy a really, really good pillow, an expensive one. Your head is sleeping 33% of the time. A bad pillow will ruin your life. Bill Gates is the richest man in the world, but he still needs to sleep on a pillow just like you.

    For any other questions, feel free to

    Tony Trinh


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Keywords: deloittemortgagessuper funds

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