A very timely article from us at Convergence Wealth as many of our clients are receiving their life insurance premium renewals. This 3min read gives some valuable insight as to why the increases are occurring and the importance of not panicking i.e. cancelling your policy….

If you have been catching news headlines over the past few weeks, you would be forgiven for thinking the world is on the verge of imploding.
Inflation is at multi-decade highs…..

Central Banks are supposed to inspire confidence in the economy by keeping inflation low and stable. The action of the Reserve Bank of Australia (“RBA”) yesterday is the strongest indication that the Central Bank has suffered a hair-raising loss of control….

For the record, let me begin by saying that this note is not an endorsement of any political party. That being said…..

I hope Sunday was a special day for all who celebrated Mother’s Day.
For me, the day is commemorated to honour all mothers and their existence in people’s lives….

It should come as no surprise that the Reserve Bank of Australia (RBA) announced today that it has raised the cash rate to 0.35%, up from 0.1%pa. This rate rise is expected to be the first of many by the RBA in an attempt to contain inflation which dramatically increased to 5.1% per annum in the March quarter….

For many of us, the idea of taking time out to reflect on our finances before financial year end can be overwhelming. We tend to procrastinate until it’s too late and then we promise ourselves that we will be better prepared next year….

The personal insurance landscape has changed immensely in Australia over the past few years to the point where you would be forgiven for becoming disillusioned with life insurers and the insurance underwriting process. Ludicrous premium increases, harmful policy changes, and numerous sales of insurance books are just some of the issues causing policy holders, including myself, much grief….

Over 12 months ago, our view was that anyone with a mortgage should consider fixing the interest rate on their owner occupied or investment home loan for at least 3 years....

Despite what we have been conditioned to believe, successful investing should NOT be about outperforming a particular financial index or your friend or neighbour. Investing is personal in nature and therefore success will vary from person to person….