Archive for October, 2008

MLC’s Market Watch

Wednesday, October 29th, 2008

With the financial markets in such turmoil, you are probably worrying about the performance of your super and investments.

In times like these, staying informed is the best way of staying in control.

With this in mind, I would like to invite you to view and participate in a live, online panel discussion with MLC.

The panel will discuss what’s happening to the financial markets and how MLC manages your money to help protect and grow your long-term super or pension investments.

This will be a great opportunity for you to raise your concerns, hear what other people are saying, and ask MLC’s market experts any questions.  

Like MLC, we’re confident that over time the good returns will return.

Client webcast - Wednesday 12 November 2008 3pm to 4:30pm
This live panel discussion is client-focused and educational. It will discuss:

  • what’s happening in the financial market
  • how this affects your super/pension
  • what MLC’s doing to protect you
  • I wholeheartedly encourage you to register at www.mlc.com.au/marketwatch. Mark the Market Watch website as one of your internet favourites and visit regularly.

    Please feel free to extend this invitation to any of your friends or family.

    Where to from here?

     

    7 tips to help you become and remain a person who can be counted on.

    Thursday, October 23rd, 2008

    Last December, I caught up on some reading and while refelcting upon it I penned some of thoughts permeating in my mind into my personal journal. During my recent family camping break at Tannum Sands I reviewed my journal and came across some thoughts which are pertinent now more than ever. The concepts I mention are not purely my individual thoughts but have been collated from a number of clippings and various articles, words and phrases.

    Except for disease and climatic disasters, I believe that over 90% of the world’s problems result from people not keeping their agreements. Think about it. From countries to corporations to families to friends, almost every upset - little or large - can be traced back to someone not keeping up their end of the bargain.

    Wars break out, companies fail, marriages end, friendships fracture and deals fall through simply because of broken agreements.

    We all make agreements every day. Some seem small and insignificant: an agreed to meet time, a promise to run an errand, an undertaking to be home in time to throw the ball with the boys. Others are seen as bigger and more important: a formal contract, signing a loan document. But, all of them are important, because this is the way trust is earnt. A person’s reputation is built upon their ability to make and keep agreements.

    Your life - and the lives of those around you - will work better when agreements are carefully made and diligently kept. I believe the quality of your life is in direct relation to your agreements.

    Here are seven tips to help you become and remain a person who can be counted upon:

    • Take all agreements seriously. When you agree to do something - do it. And do it when you said you would in the way you agreed to do it. When you agree to meet someone, be sure to be there and be there on time. Agreements with yourself matter, too. If you promise youself to stop and smell the roses, keep your promise. Develop the HABIT of keeping your agreements.
    • Be careful of what you agree to do. Don’t give your word lightly. Many people find it is easier to say Yes than No. But it’s far better to be a bit guarded with what we agree to do because we can find ourselves over committed and then unable to complete what we said we would.
    • Keep track of your agreements. In the course of a week we might enter into dozens of agreements. We must have a way to keep track of these promises - a follow up system to keep yourself and those you deal with on top of what was promised. You may have great intentions, but if you forget what you agreed to do, the result is the same as you CHOOSING not to keep your agreement.
    • Make sure your agreements are clear. With a written agreement you have a prayer, with a verbal agreement you have nothing but air. It’s always bette to have a written agreement, even if it’s just a letter or note of understanding. It’s much easier to iron out any confusion later on if it was written down and no one has to rely on the memory of a conversation.
    • Be careful with whom you make agreements. There’s an old adage, “Cheat me once, shame on you; cheat me twice, shame on me”. If you make agreements with people who have a history of not keeping them, you’re leaving yourself wide open for disappointment.
    • Renegotiate when you are unable to keep your agreement. When you find yourself unwilling or unable to complete an agreement, always go to the other party or parties and renegotiate. It may be uncomfortable but it will reinforce your integrity and has far more class than simply not addressing the issue.
    • Manage by agreement. Instead of simply telling someone to do something, ask them if they would agree to such and such by such and such a time. Using my boys as a litmus test: if I tell them to do something just because I told them so, it may well not get done (and I in turn become more frustrated and the cylce of frustration continues); if I ask them for their help and get their agreement, I’ve a much better chance of getting it done.

    By paying careful attention to the agreements we make, tracking them and developing the habit of keeping all our agreements, we become and remain a person of integrity.

    Our lives and the world around us, work in direct proportion to the quality of our agreements.

    Where to from here?

    October video update and insights

    Friday, October 10th, 2008

    Latest 6 weekly update and insights from MLC Investment Strategist, Brian Parker.

    Click on the link to open a new window - “Brian Parkers Update

     

    The RBA’s surprise

    Wednesday, October 8th, 2008

    From speaking with colleagues in the banking industry it is apparant that their own capacity to access capital is somewhat restricted at the moment. This in turn naturally has a flow on affect to us as customers and consumers of their services.

    Brian Parker Investment Strategist from MLC has published an article, “No Guts- No Glory” in which he discusses the Reserve Bank of Australia’s decision to cut interest rates by a full percentage point.

    I think it provides some useful insights for us all. Click on the link to be taken to a new window to read the article - “No Guts - No Glory”.