Lucy and her husband are keen to buy a beach house to help them relax and de-stress but Paul Clitheroe is worried the purchase could have the opposite effect.
Paul Clitheroe AM is a respected financial adviser and Money’s chairman and chief commentator. He is chair of the Australian Government Financial Literacy Board, and author of several personal finance books. Ask Paul your money question.
James has $1 million in a term deposit that he would like to leave to his adult children. Where should he invest it? And does he need a trust?
Matt co-owns property with his parents and wants to buy them out without forking out for capital gains tax and without paying stamp duty again.
Rob and his partner have been reluctant to invest in the stock market. Paul’s question: Goodness, Rob, what on earth are you doing with an SMSF?
Sharon and her husband have paid off their home in their 40s, so where should they invest the money that was going to mortgage repayments?
With his net worth increasing faster than he’s spending it, 72-year-old John wants to start helping out his kids now. Is an early inheritance a good idea?
With a house in no condition to be rented and a recent $150,000 inheritance, Michelle asks if she should pay off the mortgage early or invest in ETFs. Paul Clitheroe has a better idea.
Jake asks Paul Clitheroe why investors would want to negatively gear a rental versus having it positively geared to aid paying it off quicker.
With $42,000 saved, Josh wants to know if he’s better off putting his money into shares or property. Paul wants Josh to remember to have fun while he’s young.
Paul says Glenda and her husband are more punters than investors, with $650,000 in CBA shares and $615,000 in a term deposit.