Finance Hour on J-Air

FH051- Planning Plan B

We’re always looking forward to things going well, but what if nothing goes as we hoped? Experiencing the unexpected is part of life, and it’s always a good idea to prepare for them. That’s what author Kylie Parker seeks to get across with her book, Planning Plan B, which is about preparing not just yourself, but those around you for unfortunate events in life. Kylie joins me today to share her thoughts on being prepared in life and the story that served as her inspiration in writing her book. She explains some of life’s most stressful moments as well as provide tips on how you can prepare for them.

Don’t miss this week’s segment of Reuben’s Rant where I share why I think projecting a horse race in the Sydney Opera House, one of the country’s national icons, is a bad idea.

As a special offer for this show, Kylie will be giving a copy of the book to 3 lucky readers who we judge to have the best answer to the question ‘How will you be planning for your Plan B as a result of listening to the podcast’?  Please leave your answer in the comments section at the end of the post in the website.

Click here for the podcast and here for a copy of the transcript

“If you don’t have the right conversations today - should something unfortunate occur - it’s going to be a much harder situation to deal with.” - Kylie Parker

This week on The Finance Hour Podcast:

• The inspiration that drove Kylie to write her book.
• Her personal story regarding tragic events and how she got past them.
• The business risks today that we didn't have a decade ago.
• What her book aims to tell the reader.
• The various types of stress and their corresponding grades according to a stress scale.
• The big role of insurance in planning Plan B.

Kylie Parker’s Top 3 Tips for Planning Plan B:

1. Plan for unexpected events.
2. Store the information wisely.
3. Communicate what you would like to do if something happens to you.

Resources Mentioned:

• Now Sorted

Connect with Kylie Parker:

• Planning Plan B
• LinkedIn

As a special offer for this show, Kylie will be giving a copy of the book to 3 lucky readers who we judge to have the best answer to the question ‘How will you be planning for your Plan B as a result of listening to the podcast’?  Please leave your answer in the comments section at the bottom of the screen.

See omnystudio.com/listener for privacy information.

How do we fix our banks? That’s the question that came to mind after reading the Royal Commission’s Interim Report. And from the looks of the headlines from both online and newspaper outlets, I wasn’t the only one who scratched my head. In today’s episode, my guest Michael Chew and I share our opinions on the report. We discuss some of its highlights, what they mean in context, and how they can affect our financial markets. We try to visualize how this report can affect the way we bank as well as the changes we expect to happen in the near future. We also discuss what the document meant by “culture of greed” in our financial system.

Don’t miss this week’s segment of Reuben’s Rant where I provide commentary on why I think it’s not really wrong to charge dead people money.

“The banks are responsible in what information mortgage brokers provide.”

This week on The Finance Hour Podcast:

• Our opinions on the recent interim report released by the Royal Commission.
• The concerns about how the report was created.
• Is there a risk to people's overall buying capacity?
• The risks for mortgage brokers and why banks should get involved.
• Why more laws can't always translate to better regulatory practices.
• What the Royal Commission should implement in the near future.
• How the stock market may be affected by what the Royal Commission changes.
• What we expect to happen to the financial market and its advisors.

Resources Mentioned:

• Royal Commission Interim Report
• ‘A day of shame’: banking royal commission interim report delivered - as it happened - The Guardian
• Banking royal commission interim report released; blames greed for misconduct - ABC

Subscribe to The Finance Hour Podcast with Reuben Zelwer!

Thanks for tuning into this week’s episode of The Finance Hour Podcast with your host, Reuben Zelwer! If you enjoyed this episode, please head over to iTunes to leave us a rate and review. Subscribe to the show so you never miss an episode and don’t forget to share your favorite episodes with your friends and colleagues. To learn more about Adapt Wealth Management and to connect with Reuben, visit our website or follow us on Facebook and Twitter.

See omnystudio.com/listener for privacy information.

Some say money makes the world go round and in many ways, it does. This is why it’s imperative to learn how money works and how to grow yours as early as possible. That’s something Yossi Bart, a year-9 student at Leibler Yavneh College, is undertaking. Yossi shares what made him want to learn about money and how he currently applies his knowledge. He discusses some of the lessons he’s learned in school regarding investments and finances. Yossi also describes how he procures funds for his investments and what he plans to achieve with his money when all is said and done.

Don’t miss this week’s segment of Reuben’s Rant where I provide commentary on why it’s terrible for the AFL to sell most of their Grand Finals tickets to corporates.

“Compounding interest will ultimately give you more money.” -Yossi Bart

This week on The Finance Hour Podcast:

• Yossi’s first experience with money and how it opened his eyes.
• The kind of financial education he's had at school so far.
• How he learned about investing and where he invests his money today.
• Tips on how to grow your money in the stock market.
• His investing strategy and where he gets funds for his investments.

Resources Mentioned:

• Leibler Yavneh College
• Raiz Invest
• ESSI Money
• The Big Short

Subscribe to The Finance Hour Podcast with Reuben Zelwer!

Thanks for tuning into this week’s episode of The Finance Hour Podcast with your host, Reuben Zelwer! If you enjoyed this episode, please head over to iTunes to leave us a rate and review. Subscribe to the show so you never miss an episode and don’t forget to share your favorite episodes with your friends and colleagues. To learn more about Adapt Wealth Management and to connect with Reuben, visit our website or follow us on Facebook and Twitter.

See omnystudio.com/listener for privacy information.

Watching a movie today can be done by just pushing the right buttons on your remote and making use of streaming services such as Netflix. Despite this convenience, some movie fans want the whole cinematic experience that no streaming service can provide - and that’s where Eddie Tamir comes in. Eddie and Lindy Tamir are the owners of Elsternwick Classic Cinema, a business that’s slowly reviving the long-lost tradition of classic cinemas in Melbourne. Eddie shares what his career was before venturing into the movie-making business and how his passion for reviving cinemas got started. He discusses some of the challenges his company faced as well as some of the lucky moments they had. Eddie also explains how cinemas work, from sourcing the film to splitting profits, as well as the various processes involved in running a big film festival.

Don’t miss this week’s segment of Reuben’s Rant where I provide commentary on why business owners should prevent working themselves out of a job resulting in having too much time on their hands.

“Film festivals work. They are the curation; they cut through the noise.” - Eddie Tamir

This week on The Finance Hour Podcast:

• Eddie’s career before he ventured to filmmaking and his transition.
• How he adapted to the trends and technological changes in the movie industry.
• How the business of sourcing movies work.
• The setbacks he experienced while growing his business.
• The operational aspects of running a cinema.
• How film festivals are run and what happens behind the curtains.
• How they manage their business in today's "Netflix" world.
• The big headline movies they will launch within the next few weeks.

Connect with Eddie Tamir:

• Jewish International Film Festival
• Elsternwick Classic
• Cameo Belgrave
• Lido Cinemas
• Email: [email protected]

Subscribe to The Finance Hour Podcast with Reuben Zelwer!

Thanks for tuning into this week’s episode of The Finance Hour Podcast with your host, Reuben Zelwer! If you enjoyed this episode, please head over to iTunes to leave us a rate and review. Subscribe to the show so you never miss an episode and don’t forget to share your favorite episodes with your friends and colleagues. To learn more about Adapt Wealth Management and to connect with Reuben, visit our website or follow us on Facebook and Twitter.

See omnystudio.com/listener for privacy information.

Episode 47 - The Office.. A guide to commercial property investment with Steve Bennett from Charter Hall

Residential properties are all the craze these days and the market’s getting a little cramped for comfort. On the other hands, commercial properties are rarely discussed by mums and dads. My guest this week is the Head of Charter Hall’s direct property business, Steve Bennett. Charter Hall is one of Australia’s leading property groups with over $23.2-billion worth of total managed property. Steve joins me today to discuss the potential of investing in commercial properties. He shares some of its risks and benefits and the returns you can expect as well as the current trends in office work and how it can positively affect commercial property investments. Steve also describes why low-interest rates aren’t always good for the property market.

Don’t miss this week’s segment of Reuben’s Rant where I react to banks increasing interest rates and Westpac paying $35-million fine for poor home loan assessment.

“People don't think commercial property is a sector they can get involved in.” - Steve Bennett

This week on The Finance Hour Podcast:

• The benefits of owning commercial property.
• What Charter Hall is, how it operates, and his function and responsibilities.
• The different types of commercial property and why it's not well invested in.
• The kind of returns you can expect from owning commercial property.
• Current trends in the work-from-home industry.
• How to get access to commercial property investments.
• The type of funds their company offers to new investors.
• What you need to know before investing in commercial properties.
• Why low-interest rates are not always good.

Steven Bennett’s Tips for investing in commercial property:

1. Go with a reputable manager.
2. Buy quality assets and bet on long-term returns.
3. Do not overdo your investment.

Connect with Steven Bennett

• Charter Hall
• LinkedIn

Subscribe to The Finance Hour Podcast with Reuben Zelwer!

Thanks for tuning into this week’s episode of The Finance Hour Podcast with your host, Reuben Zelwer! If you enjoyed this episode, please head over to iTunes to leave us a rate and review. Subscribe to the show so you never miss an episode and don’t forget to share your favorite episodes with your friends and colleagues. To learn more about Adapt Wealth Management and to connect with Reuben, visit our website or follow us on Facebook and Twitter.

See omnystudio.com/listener for privacy information.

Episode 46 - You need a criminal lawyer

You wouldn’t want yourself or your business to be involved in a crime, but what do you do if you are? That’s when you get a criminal lawyer. My guest this week is Brett Tait a criminal attorney at Tait Lawyers, a general legal practice with over 45 years of service and over 100 years of experience between five lawyers. Brett discusses legal matters pertaining to a variety of criminal offenses. He shares what it was like to work in tax and investment banking and what eventually made him follow his father’s footsteps. He also describes the experience of representing a murderer as well as some of the more ordinary cases he has handled.

Don’t miss this week’s segment of Reuben’s Rant where I react to the concept of political uncertainty in Canberra and how it is affecting business confidence.

And stay tuned to the end of the episode for my Propellerhead of the Week segment to learn how the RecUp app can help you record audio and upload it to Dropbox efficiently.

“You’re not going to come across monsters that kill for fun. Most crimes of violence are perpetrated in circumstances that are spontaneous.” - Brett Tait

“The media reports things terribly and in an incredibly biased and sensationalist way”- Brett Tait

This week on The Finance Hour Podcast:

• How Brett started his career as a lawyer.
• The accident that led Brett to follow in his father's footsteps.
• How their firm runs and the services they offer.
• How Brett transitioned from being a corporate lawyer to a suburban legal practice.
• What it’s like to represent a murderer.
• Some of the cases and clients Brett has handled and worked with.
• His pet peeves with the law.

Brett Tait ’s Words of Wisdom:

1. 95% of most criminal matters resolve with a plea of guilty.
2. Office politics is not just limited to the big companies.

Connect with Brett Tait:

• Tait Lawyers
• LinkedIn

Subscribe to The Finance Hour Podcast with Reuben Zelwer!

Thanks for tuning into this week’s episode of The Finance Hour Podcast with your host, Reuben Zelwer! If you enjoyed this episode, please head over to iTunes to leave us a rate and review. Subscribe to the show so you never miss an episode and don’t forget to share your favorite episodes with your friends and colleagues. To learn more about Adapt Wealth Management and to connect with Reuben, visit our website or follow us on Facebook and Twitter.

See omnystudio.com/listener for privacy information.

Are you worried about Donald Trump’s Twitter tirades and how they might affect your retirement portfolio? My guest this week is Jon Reilly, Chief Investment Officer at Implemented Portfolios, an Australian-based investment management business that’s been operating since 2004. Jon shares his insight on the political and economic fallout of Donald Trump’s presidency for the last 18 months. He dives deep on the current political climate of the United States and how it impacted the international economy and share markets. He explains why the US the economy is on fire right now and whether Donald Trump should be given credit for it. We also discuss the link between the economy and share markets as well as the outlook for the Australian sharemarket.

Don’t miss this week’s segment of Reuben’s Rant where I react to the Royal Commission’s report on ANZ misselling superannuation.

And stay tuned to the end of the episode for my Propellerhead of the Week segment to learn how the Smiling Mind app can help you sleep better and reduce stress.

“The quote in the campaign was  ‘I could walk into the middle of 5th Avenue and shoot someone and my poll numbers wouldn’t be affected’ And I think he is right.”  - Jon Reilly

This week on The Finance Hour Podcast:

• The current political and economic effect of Donald Trump's administration.
• Why the trade deficit will always get wider.
• Jon’s thoughts on Trump's Twitter tirades and relationship with foreign leaders.
• Should Donald Trump get credit for America's good economy?
• Is there a link between the economy and share markets?
• The risk of investing when interest rates are low.
• Jon’s thoughts on the valuation of the Australian market.
• Conservative investments and their current interest rates.

Jon Reilly ’s Top 3 Tips for Creating an Investment Portfolio:

1. Sell when prices are up, buy when prices are down.
2. Make sure your defensive assets are going to be defensive when you need them to be defensive.
3. Just be patient.

Connect with Jon Reilly:

• Implemented Portfolios
• Jon’s LinkedIn

Subscribe to The Finance Hour Podcast with Reuben Zelwer!

Thanks for tuning into this week’s episode of The Finance Hour Podcast with your host, Reuben Zelwer! If you enjoyed this episode, please head over to iTunes to leave us a rate and review. Subscribe to the show so you never miss an episode and don’t forget to share your favorite episodes with your friends and colleagues. To learn more about Adapt Wealth Management and to connect with Reuben, visit our website or follow us on Facebook and Twitter.

See omnystudio.com/listener for privacy information.

Episode 44 - Where to for the sharemarket?

Roger Montgomery is the founder of Montgomery Investment Management, a boutique investment management firm with domestic and international investment portfolios. He has over 20 years of experience in the finance industry, including areas of equity analysis, equity and derivative trading, as well as investment banking.

Roger joins me today to share his thoughts on the current state of the share market and how he thinks it will impact Australia in the short and long-term. He also describes the impact of low credit growth on our economy and explains why he believes it will get worse before it gets better.

Don’t miss this week’s segment of Reuben’s Rant where I react to the Royal Commission finding that HostPlus super fund spending $300,000.00 on tickets to sporting events.

And stay tuned to the end of the episode for my Propellerhead of the Week segment to learn how Calendly can help you remember all of your scheduled meetings.

“When you don't have staff excited to be involved with the company, it's very difficult to grow that company.” - Roger Montgomery

This week on The Finance Hour Podcast:

• What is the state of the current share market?
• What we currently know regarding the problems in the real estate industry.
• Why Warren Buffett is holding so much cash in Berkshire Hathaway
• The changing way in which banks are assessing loans.
• His thoughts on the current value of Telstra.
• His perspective on the future of AMP and banking in general.

Roger Montgomery’s Top 3 Tips for Investing in the Current Market Conditions:

1. Keep an eye on short-term treasury rates in the United States.
2. Be cautious between now and November when the US mid-term elections begin.
3. See low prices in the market as an opportunity instead of a risk.

Connect with Roger Montgomery:

• Montgomery Investment Management
• LinkedIn

Subscribe to The Finance Hour Podcast with Reuben Zelwer!

Thanks for tuning into this week’s episode of The Finance Hour Podcast with your host, Reuben Zelwer! If you enjoyed this episode, please head over to iTunes to leave us a rate and review. Subscribe to the show so you never miss an episode and don’t forget to share your favorite episodes with your friends and colleagues. To learn more about Adapt Wealth Management and to connect with Reuben, visit our website or follow us on Facebook and Twitter.

See omnystudio.com/listener for privacy information.

Grant Rheuben is a Senior Finance Broker at Loan Market, one of Australasia’s largest mortgage finance broking companies. He joins me today to share his thoughts on mortgage brokers, how they promote competition in the debt market and shares his advice for taking out a mortgage loan. He discusses what drives people to take on so much debt, why property loans are skyrocketing, and the mindset of someone who wants to obtain a loan for a house.

Don’t miss this week’s segment of Reuben’s Rant where I react to the recent Productivity Commission Report and why I don’t believe in it.

And stay tuned to the end of the episode for my Propellerhead of the Week segment to learn how the LOOM app allows you to quickly and easily record and share videos.

“Over the last ten years, mortgage brokers have created the competition and have kept the banks honest and accountable.” - Grant Rheuben

This week on The Finance Hour Podcast:

• Are we truly up to our eyeballs in debt?
• What drives people to create debt.
• Why do people stretch their house borrowing so much?
• How things have recently radically changed regarding bank lending.
• Is there no competition among banks?
• Why mortgage brokers promote competition.
• How smaller banks survive despite only being responsible for a small percentage of loans.
• The perks and risks of getting a loan from small businesses.

Grant Rheuben’s Top 3 Tips for People Considering a Bank Loan:

1. Be Prepared. Get your papers ready when applying.
2. Choose between a broker and a bank.
3. You have to be aware of the outcome you want to achieve.

Links mentioned in podcast:

• Loan Market
• Grant’s LinkedIn profile
• Productivity Commission Report into Australian Financial System

Subscribe to The Finance Hour Podcast with Reuben Zelwer!

Thanks for tuning into this week’s episode of The Finance Hour Podcast with your host, Reuben Zelwer! If you enjoyed this episode, please head over to iTunes to leave us a rate and review. Subscribe to the show so you never miss an episode and don’t forget to share your favorite episodes with your friends and colleagues. To learn more about Adapt Wealth Management and to connect with Reuben, visit our website or follow us on Facebook and Twitter.

See omnystudio.com/listener for privacy information.

FH042 - Wake up and smell the coffee. The world of coffee trading with Moshe Tawil

Moshe Tawil is the General Manager of Panamerican Coffee Group Pty Ltd and International Coffee Traders, a coffee trading company that develops mutually beneficial relationships with coffee producers and roasters. Having loved coffee from a young age, he became enamored at the thought of working with coffee bean producers as a career. He has traded coffee in many countries and has mastered the art of engaging with various cultures and establishing a network of closely-knit producers and roasters.

Moshe joins me today to share the wonderful world of coffee trading. He explains the various processes involved in producing a good cup of coffee, how coffee traders determine the cost of various types of coffee beans and the relationship between buying and selling the commodity in today’s volatile market. He also explains how various countries and culture around the world conduct business differently and how it impacts the way he negotiates trades.

Don’t miss this week’s segment of Reuben’s Rant where I share a recent bad online shopping experience.

And stay tuned to the end of the episode for my Propellerhead of the Week segment to learn how the Buffer app allows you to track your social media accounts efficiently.

“At the end of the day, trading coffee is really about working with sound principles of trade, like any other form of commerce.” - Moshe Tawil

This week on The Finance Hour Podcast:

• The responsibilities of a coffee trader.
• How his company sources coffee around the world and why they do not source within Australia.
• The benefits of having a good relationship with coffee suppliers.
• The difference between commercial coffee brands and boutiques.
• How the roasting process impacts the way coffee tastes.
• How the trading cost of a coffee bean determined.
• How he copes with working with different cultures in different countries.
• The most challenging part of trading coffee as well as what he enjoys the most about working in the coffee trading industry.

Moshe Tawil’s Top 3 Tips for Conducting Business:

1. Put your heart into what you do. Work with your integrity and your credibility - not for the money.   
2. In a team, everybody is equal.
3. You can only eat one steak a day. Don't be greedy.

Connect with Moshe Tawil:

• International Coffee Traders
• LinkedIn

Subscribe to The Finance Hour Podcast with Reuben Zelwer!

Thanks for tuning into this week’s episode of The Finance Hour Podcast with your host, Reuben Zelwer! If you enjoyed this episode, please head over to iTunes to leave us a rate and review. Subscribe to the show so you never miss an episode and don’t forget to share your favorite episodes with your friends and colleagues. To learn more about Adapt Wealth Management and to connect with Reuben, visit our website or follow us on Facebook and Twitter.

See omnystudio.com/listener for privacy information.