In this episode of "Wealth and Toil," Luke Laretive and Dylan Pargiter-Green are joined by guest Ben Richards discussing Australian small-caps:The Small Cap Opportunity: The potential for outperformance in a market that is relatively stable but top-heavy. Australian small caps provide a clear opportunity for growth.Active Management Versus Passive Investing: Active strategies are particularly beneficial in this segment because small caps require detailed analysis and selection to identify growth opportunities, which is not typically achievable with passive index tracking.Portfolio Strategy and Construction:The Seneca Small Cap Fund holds a diversified portfolio of 20 to 50 companies, focusing on quality businesses with reasonable growth prospects and pricing.Fundamental focus on a stable process that cannot be replicated by home investors.Market Dynamics and Valuation: The challenges of investing in top-heavy indices that are skewed towards large-cap stocks, which may not offer the best growth opportunities. They argue that small-cap stocks are undervalued relative to their growth potential.Long-Term Investment Perspective:The importance of long-term investing with a focus on companies that have sustainable growth drivers. A patient investment approach tolerates volatility for superior long-term returns.General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au Hosted on Acast. See acast.com/privacy for more information.

In this episode of "Wealth and Toil," Luke Laretive and Dylan Pargiter-Green discuss the upcoming U.S. election.Market Impact of ElectionsMarkets often experience short-term volatility, then generally adapt quickly to election outcomes. Individual policies may cause initial market reactions, but broader economic forces and market fundamentals have a more sustained impact on financial markets.TariffsPotential tariff policies by Trump, described as protectionist measures aimed at boosting domestic employment by imposing penalties on foreign goods. Luke and Dylan debate the inflationary impact of such tariffs, suggesting that while they may protect certain jobs, they also increase manufacturing costs, which can lead to higher consumer prices.Fiscal Policies and Corporate Tax CutsTrump's proposals for corporate tax cuts are likely inflationary in the current economic context. Tax cuts might benefit shareholders in the short term through increased dividends and buybacks but could exacerbate economic inequality by further enriching the wealthy.Energy Policies and Environmental ImpactsContrasting the energy policies of Trump and Harris, with Trump favouring fossil fuels and Harris advocating for a push towards green energy. Harris's focus could benefit sectors tied to renewable resources, which might positively affect investments related to clean energy technologies.Market Performance of Republican Presidents vs Democrat Presidents- Causal?General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au Hosted on Acast. See acast.com/privacy for more information.

In this episode of "Wealth and Toil," Luke Laretive and Dylan Pargiter-Green recent performance of Seneca's small cap fund, Luke's visit to Pilbara Minerals, Wildcat Resources and Port Hedland, and recent property market craziness in PerthDiscussion on Small-Cap Investments- Luke shares insights from his trip to WA, focusing on small-cap investment opportunities in the Pilbara region.- The performance of Seneca's small-cap fund, which has returned 28.4% over the past year, outperforming the benchmark by 9.6%.- The importance of considering different asset classes for generating alpha and the unpredictable nature of investing based on past performance.Market Trends and Investment Strategies- Broader market trends, performance challenges with large-cap strategies versus the unnoticed opportunities in small-cap sectors.- The importance of manager selection, rolling returns and maintaining a long-term perspective.Educational Aspect and Managerial Advice- Luke stresses educating investors about looking beyond recent performance and focusing on the potential over the next decade.- The importance of clear communication and transparency from fund managers is highlighted, illustrating how these qualities can build confidence among advisers and investors.Luke's recent visit to Western Australia;- Site visit to Pilbara Minerals ASX:PLS- Wildcat Resources ASX:WC8 - possible takeover from Mineral Resources?- Utah Port in Port Hedland - Perth property market going nuts? Dylan's analysisOur full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au Hosted on Acast. See acast.com/privacy for more information.

In this episode of "Wealth and Toil," Luke Laretive and Dylan Pargiter-Green discuss learning from their travels around the secondary markets, travel itself and the importance of taking a break.Dyl's observations from the U.S- The U.S. continues to be a global powerhouse despite negative media narratives, performing well with leading GDP, low unemployment, and strong stock markets.- Visits to top universities (MIT and Harvard) highlighted technological and business innovations. - Strong growth despite with increased interest rates, showing a unique macroeconomic balance.Contrasting U.S. and Australia:- Interactions with Americans while traveling in Italy reinforced the belief that Australia offers a higher quality of life.- Australia's benefits include favorable work-life balance, healthcare, food quality, and a safe environment.- Although Australia may lack the economic scale of the U.S., it has excellent worker protections, retirement savings systems, and a less stressful political environment.Investment Insights:- Secondary markets are becoming a significant trend in investment.- The demand for liquidity in private markets is increasing, and large U.S. firms are creating products tailored for wholesale and potentially retail investors.- Staying private and using secondary markets is becoming more common due to the high cost and risks associated with IPOs.- Secondary markets offer a more attractive entry point with a 20% discount for investors and a shorter-term exposure to companies nearing their market exit.Luke's Boomer Travel Trends:- There is an increasing trend of older people (60s-80s) spending their disposable income on travel, accelerating the tourism market.- The hosts observed that waiting to travel until retirement can be physically challenging, advocating for traveling while young and healthy.- Potential investment opportunities linked to this trend, both on the Australian Stock Exchange and globally.- Raised the need to rethink tax and incentive structures for older versus younger people.Importance of Business Networking:- Surrounding oneself with other business owners is crucial for learning, sharing best practices, and improving one’s own business.- Conversations with other advisers and business owners provide insights that can be applied to benefit clients and support business growth.Benefits of Taking Breaks:- Taking time away from the market or daily business operations provides valuable perspective and objectivity.- A break can help investors or business owners reevaluate their strategies without being swayed by short-term market noise.- Distance can reaffirm confidence in existing investment strategies and business practices.Business Independence:- the importance of building a team capable of running the business without the owner’s constant involvement.General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au Hosted on Acast. See acast.com/privacy for more information.

In this episode of Wealth & Toil, hosts Dylan Pargiter-Green and Luke Laretive discuss entrepreneurship & starting a business.Market UpdateThe recent market recovery post a significant crash, highlighting positive U.S. retail sales data indicating a lack of recession and decreasing inflation, suggesting a favourable environment for equities.Entrepreneurship and Business Start-Up Advice- Insights into starting a business, stressing the importance of market demand and having a viable product. - The impacts of the Hayne Royal Commission on the financial advice industry, which saw a reduction in advisors but an increase in demand for financial advice, creating a prime environment for new ventures.- The reality of starting and running a business, including the high demands, potential for reduced income initially, and the significant commitment required.- Tips on managing costs, the importance of sales skills, and the necessity of having a clear business proposition.Reflections on Business Management and Growth- Non-financial benefits of running a business, such as personal satisfaction and community impact.- The importance of resilience, realistic expectations about income, and being prepared for high levels of responsibility and stress.Making Business Decisions:- When to start a business, considering opportunity costs, and the importance of having a unique selling proposition.- Potential drawbacks of entrepreneurship, such as financial risks and the intense workload.General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au/ Hosted on Acast. See acast.com/privacy for more information.

In this episode of "Wealth and Toil," Luke Laretive and Dylan Pargiter-Green discuss a rare Japanese interest rate rise, bad employment indicators out of the US and the effect on global markets.Bonds are backDespite predictions of its demise, bonds still an important tool for a balanced portfolio. They highlight the resilience of a traditional 60/40 portfolio (60% stocks, 40% bonds) amid market fluctuations, with bonds providing diversification benefits.U.S. non-farm payrolls and ISM manufacturing dataImplications of recent U.S. non-farm payrolls and ISM manufacturing data, which suggested a slowing economy. This leads into a discussion on potential Federal Reserve actions and the impact on bond yields.Japanese Monetary Policy Japan's decision to raise interest rates from zero to 0.25% for the first time since 2007, having global effects on hedge funds and investment strategies.Investment StrategiesThe merits of various investment approaches during volatile times, with balanced and diversified portfolios delivering good numbers during this recent period. Tactical advice on managing investments in small caps, Australian equities, and emerging markets.Infrastructure and Property InvestmentsPotential of infrastructure and property investments in the current economic climate, highlighting how these assets can offer stable returns even during downturns due to their essential nature and often inflation-linked returns.Long-term Investment PerspectiveThe importance of long-term planning and rebalancing portfolios according to changing market conditions, cautioning against reactionary moves based on short-term market news.General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au Hosted on Acast. See acast.com/privacy for more information.

In this episode of "Wealth and Toil," hosts Luke Laretive and Dylan Pargiter-Green discuss the key elements of fixed interest investments.Fixed interest, or fixed income, is a crucial component of a diversified investment portfolio. It's typically less volatile than equities and offers a more stable return, primarily through interest payments from bonds.Mechanics of Fixed Interest:Lending money to entities (corporate or governmental) and receiving regular interest payments (coupons), with the principal amount typically returned at the end of the bond's term.Capital Structure:The basics of a company's capital structure—assets, liabilities, and shareholder's equity. The priority of debt repayment over equity in cases of financial distress.Benefits of Fixed Income:Fixed income is portrayed as a stabiliser within a portfolio, offering protection against market volatility and often providing negative correlation with equity markets.Types of Risks in Fixed Income:Credit Risk:The risk associated with the debtor's ability to make scheduled payments.Interest Rate Risk:Discusses how bond prices are inversely related to interest rate changes. The concept of duration, a measure of sensitivity to interest rate changes.Liquidity Risk:The liquidity aspect of bonds, some bonds are more tradable than others.Market Dynamics and Strategy:How different environments, like changes in interest rates, affect bond prices and yields. Beware recency bias and understand the long-term nature of bond investments.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au/ Hosted on Acast. See acast.com/privacy for more information.

In this episode of "Wealth and Toil," Luke Laretive and Dylan Pargiter-Green discuss the fundamentals of the financial advice industry. There's a large range of financial advisors offering different kinds of advice.Types of Financial Advice:General Advice: Does not consider personal circumstances, provides factual information or opinions on financial products.Tax Advice: Accountants focus on tax minimisation and efficient tax structures, not on investment advice.Strategic Advice: Helps clients set and achieve financial goals, prioritising long-term objectives.Investment Advice: Selecting and managing investments, differentiating between static portfolios, traditional private wealth management, and dynamic investment strategies.Distinguishing Financial Advisors:Advisors may fall into categories such as stockbrokers, traditional private wealth advisors, or dynamic investment managers. Clients should understand the advisor’s approach and ensure it aligns with their financial goals.Strategic and Investment Advice:Dylan focuses on strategic advice, helping clients prioritise and set financial goals.Luke specialises in investment advice, managing portfolios and making dynamic investment decisions.Referral Sources and Client Relationships:Luke’s clients often have existing advisors and seek more dynamic investment management.Dylan’s clients are often unadvised or seeking ongoing financial planning.Both emphasise the importance of referrals from accountants, lawyers, and other professionals.Advice for Clients Seeking Advisors:Clients should meet multiple advisors to find one that aligns with their goals and values.Understanding the advisor’s strengths and services is crucial. Open communication and trust are essential in the advisor-client relationship.General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au/ Hosted on Acast. See acast.com/privacy for more information.

In this episode of "Wealth and Toil," Luke Laretive and Dylan Pargiter-Green discuss buying property in SMSFs, retirement and superannuation. Financial Requirements and Costs:- a combined super of at least $500,000 is advisable to cover annual audits, tax returns, and management fees which can total around $3,000 to $5,000.Alternatives to SMSFs for Common Investments:- For those interested in common investment types like shares and bonds, modern investment platforms provide sufficient access without the need for an SMSF.Buying Property through SMSFs:- Specifics of buying property within an SMSF, the considerations regarding loans, access to debt, and the importance of not over-leveraging.Diversification and Risk:- risks of placing too much of an SMSF’s portfolio into a single asset class, such as property, emphasizing the need for diversification.Challenges in Retirement:- potential issues in retirement, especially when an SMSF property is geared, highlighting the difficulties in managing large, illiquid assets in later life.Commercial Property Investments:- Ccommercial properties can be advantageous for business owners using SMSFs but there risks like prolonged vacancies.Beware of complexity- Beware of overly complex or high-risk financial strategies within SMSFs, especially for those not highly financially literate.- Some financial advisers who promote SMSFs primarily for their financial benefit through fees and commissions.General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au/ Hosted on Acast. See acast.com/privacy for more information.

In this episode of "Wealth and Toil," hosts Luke Laretive and Dylan Pargiter-Green discuss the story of 2024 so far.Australian Market: Discussion on the Australian market's performance, contrasting the industrial sectors against resources. Industrials outperformed resources significantly so far this year, with specific mention of the banking sector and major banks like Commonwealth Bank.US and Global Equities: Strong performance of large-cap US equities, with the MSCI World Index up by 17% in the first half of the year.Consumer Spending and Retail Sector:Concerns about consumer spending amidst rising interest rates and economic pressures. Notable retail downgrades were discussed (Kathmandu and Mosaic Brands), signaling a broader economic trend.Larger retail players like Westfarmers holding up better than smaller ones, suggesting potential resilience or delayed impacts in different segments of the market.Banking Sector Analysis:Examination of bank valuations, particularly the Commonwealth Bank, which is trading at high multiples despite stagnant earnings growth. Discussion on the implications for the banking sector in a potentially weakening consumer environment.IPO and Equity Markets:Detailed analysis of recent IPOs, including Guzman y Gomez, discussing the high valuation and investor enthusiasm against financial fundamentals and market realities.Investment Strategies and Economic Outlook:Insights into smart beta ETFs and active vs. passive management strategies, with a critique of market index compositions and investment strategies tailored to specific financial goals and market conditions.Specific Investment Opportunities and Warnings:Forward-looking statements on sectors and stocks that might present opportunities or risks based on current market trends and economic forecasts.General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au/ Hosted on Acast. See acast.com/privacy for more information.

In this episode of "Wealth and Toil," hosts Luke Laretive and Dylan Pargiter-Green discuss stock market investment factors including Quality, Growth, Value, Momentum and more.Quality as an Investment Factor:- Quality typically sustainable growth in earnings without excessive share issuance or debt. It often includes companies with strong balance sheets, efficient capital allocation, and stable earnings growth.- How quality is determined through financial metrics like return on equity (ROE) and debt-to-equity ratios, plus the practical application of these metrics in evaluating a company's financial health and investment potential.- high quality business usually correlates with low dividend payoutsGrowth Investing- This style focuses on companies expected to grow at an above-average rate compared to their industry or the overall market. This can involve higher risk, especially with companies that are not yet profitable but are expected to grow significantly.Value Investing- Picking stocks that appear to be trading for less than their intrinsic or book value with Warren Buffett a leading proponent of value investing. The nuances of identifying undervalued stocks may be overlooked by the market.Momentum Investing- Based on the trend that stocks which have performed well in the near past may continue to perform well. While momentum can be a powerful factor, it requires careful timing and the ability to anticipate when to enter and exit positions.Practical Examples and Strategies:- The discussion includes practical advice on applying these investment strategies in real-world scenarios, using examples from current market conditions and specific stocks.Diversification- We discuss the importance of diversification and the potential pitfalls of over-relying on specific investment factors without considering broader market and economic indicators.General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au/ Hosted on Acast. See acast.com/privacy for more information.

In this episode of "Wealth and Toil," hosts Luke Laretive and Dylan Pargiter-Green discuss EOFY strategies for maximising superannuation contributions to minimise tax liabilities, focusing on both concessional (pre-tax) and non-concessional (after-tax) contributions.Superannuation Contributions:Concessional Contributions- Strategies to utilise the full limit, including the "catch-up" provisions which allow individuals who haven’t fully utilised their cap in previous years to make additional contributions.Non-Concessional Contributions- After-tax contributions, which do not offer a tax deduction but can be beneficial for reducing taxes on retirement funds.Catch-up Contributions- Introduced in the 2018-19 financial year, this provision allows individuals to contribute towards their superannuation caps from previous years if they weren’t fully utilised. This strategy is particularly appealing for high earners or those who have had a break from employment.Tax Strategies and Capital Gains- Managing capital gains tax through timing of sales and superannuation contributions. This is relevant for individuals experiencing significant life changes or business sales.Superannuation for Business Owners:- How to use super to manage proceeds from the sale of a business and take advantage of small business tax concessions.Personal Investment Strategies:- Aligning investments with superannuation to optimise tax effectiveness and retirement savings.General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au/ Hosted on Acast. See acast.com/privacy for more information.

In this episode of "Wealth and Toil," hosts Luke Laretive and Dylan Pargiter-Green talk about the trend toward responsible investing, the importance of understanding long term trends, and why it’s beneficial to maintain a positive outlook when investing. Investment Strategies - Achieving a balanced view on investments - Analysing risks and opportunities while being mindful of timing- The cyclical nature of markets and the benefit of taking a long-term approachLithium and Battery Technology Investments- The rise and fall of lithium-related stocks, including Vulcan’s unique approach to lithium extraction Responsible Investing and ESG (Environmental, Social, Governance)- The increasing trend towards responsible investing - Implementing ESG criteria effectively while avoiding superficial or broad exclusions- Being informed and deliberate with investment choices so they align with ethical and financial goalsGovernment Influence on Investment Trends - Subsidies and support for certain industries - Funding and policy directions ETFs and Thematic Investments- Understanding underlying assets in sector-specific ETFs - Risks associated with thematic ETFs and how they differ from broad-based index fundsGeneral Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au/ Hosted on Acast. See acast.com/privacy for more information.

In this episode of "Wealth and Toil," hosts Luke Laretive and Dylan Pargiter-Green discuss the federal budget, downturns in consumer spending, fears around investing in foreign markets, and the importance of understanding investments rather than following trends. Australian Federal Budget Overview- Stage three tax cuts implemented, with a reduction benefiting lower and middle-income earners- The indexation of HELP/HECS debt to wage increases instead of inflation- Small business support through instant asset write-offs for assets up to $20,000Immigration and Economic Impact- High net migration in 2022 leading to increased consumption and low unemployment- Reduction in new immigration expected to have a contractionary effect on spendingIPO of Sun Silver- Seneca Financial Solutions cornerstoned the IPO of Sun Silver- Positive performance with shares trading significantly higher post-IPOMarket Performance- Industrial sector outperforming the resources sector on the ASX- Market conditions favourable for equitiesInvestment Strategies- Borrowing for investment versus paying down home loans- Approaches based on individual circumstances and tax considerations- Creating additional tax-effective debt and investing in equitiesThe Importance of Market Understanding- Client fears around investing in emerging markets, particularly China- Understanding investments rather than following trends- Tendencies to invest in familiar top stocks without thorough understandingGeneral Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au/ Hosted on Acast. See acast.com/privacy for more information.

In this episode of "Wealth and Toil," hosts Luke Laretive and Dylan Pargiter-Green discuss various types of debts, focusing on educational debt and investment and property debt. Educational debt reforms- Indexing has shifted from being solely based on inflation to a choice between inflation and wage growth rates, which could potentially lower the annual increase in debt repayment amounts- The impact of high inflation rates on HECS-HELP debt- The significant increases in HECS-HELP debt repayment amounts due to an unusually high indexing rate of 7.1% last year Higher Education Costs- The costs associated with higher education and the financial burden it creates - We advocate for governmental policies that encourage further education without imposing prohibitive debt burdens- Strategies for managing and financing education costs, including the use of education bonds for tax-efficient savingInvestment and Property- Investment debts, particularly in real estate, and how leverage can amplify returns and risks- The benefits of owning property and the concept of ‘debt recycling’ to enhance investment portfolios- The importance of planning for educational expenses and other major financial commitments- Why you need to consider the long-term implications of debts and investments and to understand and manage the risks associated with leverageGeneral Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au/ Hosted on Acast. See acast.com/privacy for more information.

In this episode of Wealth & Toil, hosts Dylan Pargiter-Green and Luke Laretive discuss thematic ETFs.Read Luke's full article on Livewire - https://www.livewiremarkets.com/wires/have-you-been-fooled-by-thematic-etfsActual performance and value of thematic ETFs- Do thematic ETFs add long-term value to an investor's portfolio?Fees on thematic ETFs- definitely not free, fees higher than many believe- not far off an active fund manager's feesBehavioural Economics in Investing:- Emotional biases and the psychological impacts of investing in popular but potentially unprofitable themes. Many investors might not fully understand their investment in thematic ETFs and might be influenced by marketing and media rather than solid financial principles.General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au/ Hosted on Acast. See acast.com/privacy for more information.

In this episode of Wealth & Toil, hosts Dylan Pargiter-Green and Luke Larative are joined by Ben Richards from Seneca to discuss small caps in the Australian market.- Overweighting small caps Overweighting small caps due to the nearing end of the interest rate cycle, expecting small caps to outperform in a falling rate environment.- Recent performance of small capsBen highlights the discounts small caps are trading at compared to long-term averages and the potential for better returns in small caps during bull markets.- RPM GlobalThey discuss opportunities in small caps, including RPM Global, a mining software provider undergoing a transition to a software-as-a-service model.RPM Global's transformation has led to significant profit growth, making it attractive for investors.The discussion extends to macroeconomic factors affecting mining-related businesses, such as high gold prices and falling interest rates.- Monash IVFThey mention Monash IVF as another potential takeover target due to its stable revenue stream and high-value service.Monash IVF's growth strategy and strong market share in Australia make it an appealing investment option.The conversation touches on the stability of demand in healthcare businesses like IVF. Potential for acquisition and its growth prospects in the industry.- ETFs in Aus small capsThis is a terrible idea for most, if not all. Steer clear.- Global Data Centre GroupAnother small cap opportunity, Global Data Centre Group owns 1% of AirTrunk. Could be worth more than $3 per share.General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au/ Hosted on Acast. See acast.com/privacy for more information.

In this episode of "Wealth and Toil," hosts Luke Laretive and Dylan Pargiter-Green discuss;Current Market Update:Current market conditions, including specifics on China’s equity performance and the ASX 200.Investment Strategies for Retirement: The importance of diversifying investment portfolios beyond high-dividend blue-chip stocks and considering different asset classes for retirement planning.Behavioural Investing:We discuss the behavioural aspects of investing, particularly how emotional responses to market changes can impact investment decisions.Tax Strategies and Superannuation: Strategies for managing taxes and maximising superannuation contributions in the lead-up to retirement including 'catchup contributions' and realising capital gains.Legacy Planning: The importance of legacy and family considerations in retirement planning, including the psychological benefits of planning for intergenerational wealth transfer.General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au/ Hosted on Acast. See acast.com/privacy for more information.

Hosts Luke Laretive and Dylan Pargiter-Green are joined by special guests Bryce and Alec from Equity Mates Key topics include:The Evolution of Financial Media- The transition from traditional financial advising to digital media and podcasting as tools for financial education.- The growth and challenges of managing a podcast as a business, including audience growth, content creation, and revenue models.- The role of podcasts in connecting professional financial insights with the general public, especially self-directed investors.Building Equity Mates over the last 7 years- Equity Mates' strategy of bridging the gap between expert financial managers and retail investors.Discussion on personal investment philosophies, focusing on index funds and a core-satellite approach.- The importance of adapting investment strategies to match personal lifestyle and goals.Personal Investment Approach-Using and choosing active fund managers- Personal experiences and perspectives on buying property in Sydney, including the psychological benefits of homeownership.- The strategic use of buyer's agents to navigate the real estate market and make informed purchasing decisions.Financial Advice:- Best financial advice received: The value of reading investing books and focusing on a few strong investments.- Worst financial advice encountered: Misguidance on cryptocurrency investments and overestimation of borrowing capacity by banks.General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licensed Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au/ Hosted on Acast. See acast.com/privacy for more information.

In today's episode, Luke Laretive and Dylan Pargiter-Green covers a range of financial strategies, investment tips, and insights into superannuation, with a focus retirement planning. Market Update: The current state of financial markets, including the performance of ASX200, BHP, and sectors like resources and industrials. We discuss the stability provided by the Reserve Bank of Australia's decision to maintain interest rates, which has positively impacted market confidence. Japan's market continues to perform strongly.Retirement Planning Focus: Debunking myths about retirement age and emphasising the significance of financial planning in the years leading up to retirement.Addressing Retirement Fears: Common fears related to retirement, such as financial insecurity and loss of identity.Financial Strategies for Retirement:Strategies to bolster retirement savings, such as the downsizer contribution and non-concessional contributions. Business owner strategies around maximising business value and strategic planning for business sales as part of retirement planning.Psychological Aspects of Retirement: Discussion on the psychological transition from earning a steady income to relying on savings and investments, and the importance of planning for a fulfilling retirement life.General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licensed Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au/ Hosted on Acast. See acast.com/privacy for more information.

Luke Laretive and Dylan Pargiter-Green covers a range of financial strategies, investment tips, and insights into superannuation, with a particular focus on how it impacts women and families. We zero in on strategies to boost superannuation before retirement, as well as the unique challenges faced by women in 2024 regarding superannuation, family planning, and the impact of the gender pay gap.Gender Pay Gap and Financial Planning for Women- the gender pay gap report in Australia, emphasising its implications for financial planning, especially for women. - How women balancing career and family life can manage superannuation contributions and maintain their career trajectory.Market Update- Recent performance of the ASX200 and specific sectors like resources and lithium, plus insights into commodity prices and investment opportunities in renewable resources.Importance of Early Superannuation Contributions- Compound benefits of early superannuation contributions, even in small amounts. Particularly the importance for young people and women, who might take career breaks for family reasons.Spousal Contributions- Spousal contributions to superannuation, including the tax benefits and government co-contributions. How couples can strategically plan their superannuation contributions to maximise their retirement savings.Strategies for High-Income Earners- For those with higher incomes or superannuation balances, we discuss ways to reduce taxable income and optimise superannuation benefits, including the use of the transfer balance cap and concessional contributions.Legislative Changes and Impact on High-Balance Super Accounts- Recent legislative changes affecting individuals with superannuation balances over $3 million, focusing on the implications of taxing unrealised capital gains and strategies to mitigate the impact.Planning for Retirement - Advice for individuals transitioning to retirement, highlighting the importance of making informed decisions about superannuation contributions, investment strategies, and understanding the impact of government entitlements and taxation.General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licensed Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au/ Hosted on Acast. See acast.com/privacy for more information.

In this episode of "Wealth and Toil," hosts Luke Laretive and Dylan Pargiter-Green discuss the importance of asset allocation in investment portfolios, particularly focusing on international equities. Asset allocation is crucial for balancing risk and return according to an investor's profile and goals. Key points include:Discussion on Asset Allocation:- Asset allocation involves diversifying investments across various asset classes to manage risk and potential returns.- The discussion differentiates between growth (equities, listed property) and defensive assets (bonds), emphasising the role of asset allocation in achieving long-term financial goals.- For younger investors, growth assets are preferred due to their potential for higher returns over a longer investment horizon.- Proper diversification is highlighted as essential, not just in terms of quantity but in aligning with one’s risk profile and investment objectives.Focus on International Equities:- Many investors overlook the benefits and complexities of investing in international equities.- Utilising a multi-manager approach to international investing, which can offer a diversified exposure to global markets and potentially higher returns.- Challenges include different regulatory environments, language barriers, and the need for specialised knowledge.- It's important to select managers with specific expertise in international markets and a proven track record of adapting to changing market conditions.Case Study on Asset Allocation:- Two fund managers specialising in emerging markets, comparing their strategies, holdings, and performance.- One manager focuses on Asian markets with top holdings in sectors like technology and consumer goods, while the other has a broader emerging market focus, including investments in companies from India, Brazil, and the technology sector.- Performance analysis shows the importance of not chasing short-term returns and the value of a strategic, long-term approach to asset allocation.General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au/ Hosted on Acast. See acast.com/privacy for more information.

On today's episode, hosts Luke Laretive and Dylan Pargiter Green discuss active vs passive investing with special guest Daniel Palmer. Key points include;The value of active management, especially during market downturns.A debate on active vs. passive investment strategies and common misconceptions.Insights on market trends, with a focus on NVIDIA's growth and AI investment implications.Analysis of the Australian stock market, global indices, and the Chinese economy's potential.Discussion on aligning investments with clients' goals, risk tolerance, and investment horizons.Myths around active management and the importance of long-term investment perspectives.The significance of financial advisors in guiding clients through market fluctuations.Fee structures, investment advice value, and aligning fund managers' incentives with investors'.Advocacy for transparency and evaluating investment performance based on after-fee returns.General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au/ Hosted on Acast. See acast.com/privacy for more information.

In this episode of "Wealth and Toil," hosts Luke Laretive and Dylan Pargiter-Green, along with guest Ben Richards from Seneca Financial Solutions, discuss financial strategies with a focus on property investments. They explore alternatives to direct property ownership, such as Real Estate Investment Trusts (REITs), property technology platforms, and financial services in the property sector, highlighting opportunities for investors with various levels of capital.Key investment opportunities discussed include:Goodman Group (GMG): An industrial property group benefiting from e-commerce, praised for its strategic locations and founder-led approach.Charter Hall Group (CHC): Offers a diversified portfolio with a balance of growth and value, well-positioned for shifts in interest rates.Dexus (DXS): Specialises in premium office spaces, debunking the myth that office spaces are losing value.PEXA Group Limited (PXA): A digital conveyancing platform with a dominant Australian market share and growth potential in the UK.Australian Finance Group (AFG): A mortgage broker and aggregator with a strong dividend yield and growth prospects.Ingenia Communities Group (INA): Focuses on lifestyle communities for retirees, offering a recurring revenue model through leasing.General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au/ Hosted on Acast. See acast.com/privacy for more information.

In today's episode of Weath & Toil with Dylan Pargiter-Green and Luke Laretive, we review a recent client success story, saving them $660,000 and 11 years off their mortgage.Key topics include;Tax Considerations and Legislative Changes: An update on recent tax cuts and how these may impact financial strategies and client advice in the future.Market Update: An analysis of the ASX200's performance, including sector performance with a focus on industrials vs. resources, and investment opportunities in light of global economic trends, inflation, and the performance of small caps.Debt Recycling Strategy: Explanation of how debt recycling can accelerate mortgage repayment and save significant amounts in non-deductible interest, emphasising its suitability for high-income earners with mortgages.Importance of Insurance: The critical role of life, TPD, and income protection insurance in maintaining financial security, especially for business owners and their families, to safeguard against unforeseen events.Funding Education with Investment Bonds: The use of investment bonds as a strategic approach to managing the costs of private schooling, offering a tax-efficient way to save for education expenses.Holistic Financial Planning: Stress on the combination of defensive strategies (like insurance and debt management) and offensive strategies (like investment and wealth accumulation), tailored to individual goals for achieving long-term financial security and peace of mind.General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au/ Hosted on Acast. See acast.com/privacy for more information.