MR Wealth

Not a bad few years, individually and group awards...

Finalist of three awards in three years now with IFA.

Just got a call to say I’m a HOLISTIC FINANCIAL ADVISER OF THE YEAR finalist with IFA. Good way to start the day.

Let’s kick cancers butt. Last chance to get those donations in for them to be matched.

Support Max now and your donation will be MATCHED - today only! Max Reinhardt is riding in the Great Cycle Challenge this month to fight kids' cancer! For today only (Oct 8), all donations will be MATCHED up to $710K. Donate now!

The "greatest lesson for your kids worth $100,000" is instilling strong financial habits and understanding of compound interest and investing, as teaching these concepts early allows the money to work for the child, potentially growing into significant wealth over time. By encouraging saving, explaining how money can grow through investments, and having open conversations about financial literacy, parents equip their children with the tools to build financial independence and a secure future.
Why this lesson is worth so much:
Compound Interest: Early exposure to compound interest is crucial. A small amount saved regularly, especially when combined with an 8% annual return, can multiply significantly over decades.
Financial Independence: Learning about saving, investing, and budgeting from a young age fosters independence and self-reliance.
Long-Term Wealth Building: Understanding how to make money work for them allows children to build wealth, potentially funding future goals like home ownership or retirement.
How to teach this lesson:
Talk openly about money: Discuss topics like budgeting, bills, and the difference between needs and wants to demystify finance.
Encourage saving early: Use pocket money as a tool to teach saving habits.
Introduce investing basics: Explain concepts like investing in stocks, property, or interest-bearing accounts to show how money can grow.
Utilize tools: Micro-investing apps can help children automate saving and become familiar with investing.
Model good financial behavior: Children learn by observation, so demonstrate healthy financial habits yourself, such as living within your means and investing for the future.
Instill a positive attitude towards money: Foster positive financial behaviors by having constructive conversations rather than shunning the topic.

Good and bad news. Which would you prefer first? I doubled my first account in under a year as at today. I’ve done 110% against one of the best performing indexes since April. Liberation day being my catalyst. Bad news. I got hit by a car yesterday. Good news, I have income protection. It’s been my goal to double my trading account every year. Obviously consistency is now key. This has taken just short of 5 months. So the next goal is of course to at least double it by next April… once I can do this consistently for at least a two year period, I may offer this approach to clients. I knew I could do it, I just haven’t given it the focus it deserves. 2020 I got pretty close at 85% in about 11 months. Keep an eye out and hold me accountable over the next 4 period of 6 months to keep repeating and updating my progress.

Looking to smash last years amount for kids with cancer. I’ve just hit 10% I.e. $500 out of my $5k target. Please help me get across the line.

Upcoming Economic Releases (AEDT Time)

• AU RBA Cash Rate decision – 12 August 14:30
• AU Employment data – 14 August 11:30
• US Employment data – 7 August 22:30
• US July CPI data – 12 August 22:30
• US July Retail Sales data – 15 August 22:30

Market Update

Australian Markets
• The S&P/ASX 200 dropped 0.07% over the fortnight, to close at 8,662.05 points. Sector performance was generally slightly negative, although Healthcare gained 2.14% and Energy rose 1.01%. Materials lost 2.27%, Financials dropped 0.21%, and Utilities fell 0.38%.
• June quarter CPI data released by the ABS on 30 July showed Australia’s inflation slowed to 2.10% in the year to June, down from 2.40% in March, showing that price pressures are continuing to ease. With underlying inflation also falling, the Reserve Bank may be in a position to cut interest rates as early as it’s August 12 meeting.
• Australian Retail Sales Data released 31 July showed a rise of 1.20% in June, driven by discounts linked to sales and new product releases. Non-food related spending drove most of the increase. There were increases across most industries, led by household goods retailing. Cafes, restaurants, and takeaway food dropped -0.40%.
International Markets
• The S&P 500 dropped 0.32% over the fortnight, closing at 6,238.01 (USD), reaching a high of 6,389.77 on 28 July before dropping 1.60% on 1 August following the release of July’s employment data and revisions to May & June data, dramatically reducing the previously supplied figures as described below.
• Tariff rates were announced by President Trump ahead of the 1 August deadline, with different rates depending on each country's trade relationship with the US. The current tariff truce with China was extended. Australia's 10% tariff remains unchanged. Countries were broadly grouped into three categories: 10% for those countries with whom the US has a trade surplus, around 15% for those with a trade deal agreed or with a small deficit, and higher rates for countries without a deal, or with larger trade deficits with the US.
• The U.S. June JOLTS numbers released 29 July showed job openings fell to 7.4 million in June, below expectations, while hires and quits also declined, signalling a cooling but still stable labour market. The drop in quits suggests workers are less confident about finding new jobs, while low layoff rates indicate employers remain cautious about shedding staff.
• U.S. July Conference Board Consumer Confidence Survey also released 29 July showed U.S. consumer confidence rose slightly in July to 97.20, up from 95.20 in June, as concerns about inflation eased somewhat. However, sentiment around job availability and the economic outlook remains cautious, with the expectations index still below recession-warning levels.
• The July Employment Situation Summary from the U.S. Bureau of Labour Statistics, released on 1 August, showed a smaller-than-expected 73,000 jobs added, while the unemployment rate ticked up from 4.10% to 4.20%. Markets were more concerned by significant downward revisions to previous estimates, with May jobs reduced from 144,000 to 19,000 and June from 147,000 to 14,000, adjustments that, although part of the routine data collection process, were unusually large, prompting President Trump to condemn the figures as “rigged” before firing BLS Commissioner Erika McEntarfer, and increasing expectations that the Federal Reserve may cut interest rates at its September meeting.

Commodities
• Over the past two weeks, gold fell from approximately USD $3,432 per ounce to USD $3,387.14 per ounce, reflecting a modest drop amid fluctuating trade tensions and economic uncertainty.
• Oil prices dropped slightly to end the fortnight from about $67.20 to $66.91 per barrel, after rising to approximately $70.00 on 30 July. The uncertainty with tariffs and broader market uncertainty created by the release of the jobs data on Friday 1 August drove a correction to end the fortnight.

Trust is back.

Trust is Back. | CoreData Group Trust is Back. After years of rebuilding following the 2018 Royal Commission, trust in Australia’s financial services sector has returned — and, in many cases, surpassed pre-crisis levels. CoreData’s 2025 Trust in Financial Services research reveals a consistent upward trend. Banks, retail sup...

Where we see the 10 year bond yield, when we analyse our portfolios.

The local market is set to begin the week negatively with ASX futures pointing 13 points lower at the opening. US futures are also lower to start the Asian session.

Wall Street ended lower on Friday after US President Trump intensified his tariff offensive against Canada and Brazil. For the week, the S&P 500 dipped 0.3%, the Dow lost about 1% and the Nasdaq was flat.

Trump says he will impose a 30% tariff on imports from Mexico and the European Union from August 1st, after failing to reach a comprehensive trade deal with two of its biggest trading partners.

Copper rose 0.3% and iron ore rose 0.4% to $99 a tonne having surged around 4% last week. Brent crude futures settled at $70 a barrel.

The US dollar rose against major currencies including the yen and euro. The Australian dollar is trading at US$65.6c. Meanwhile, Bitcoin hit another record high over the weekend, rising above $119,000.

Source Ausbiz.