Chances are, you’ve heard someone mention the term compound interest, at some point. But do you know exactly what it is and how it can benefit your investments? And just as important, do you know where to find the best compound interest investments?

Whether you are an active investor or an aspiring one, it’s crucial that you understand how compounding works. In my estimation, compound interest is critical to successful investing.

In this article, I’ll explain compound interest, how it works, and how you can use compounding to your advantage in your portfolio.

What Is Compound Interest? 

Compound interest is earning interest on the interest you’ve already made.

Imagine a rolling snowball. A small snowball – representing your initial investment – gradually becomes larger as it rolls forward and adds more snow to what’s already stuck to the snowball. The more snow (interest) the snowball (your initial

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In its latest submission to the Australian Law Reform Commission’s (ALRC) Review of the Legislative Framework for Corporations and Financial Services Regulation, the Financial Planning Association of Australia (FPA) has suggested financial advice regulations are prioritised for transitioning to the ALRC’s proposed structure of the legal requirements based on thematic rulebooks.

The ALRC package of proposals aims to improve navigability of the law and remove duplication under a new legal hierarchy of:

  • Principles-based legislation
  • Scoping order – consolidated exclusions and exemptions; and
  • Thematic rulebooks.

FPA Chief Executive Officer, Sarah Abood, says: “The proposal is in line with FPA’s long-held position that the legal obligations placed on individual financial planning practitioners should be separated from the requirements that apply to AFS licensees and product providers.

“The ongoing dialogue between the ALRC, the FPA and the financial services sector more broadly, continues to be a constructive demonstration of

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The Financial Planning Association of Australia (FPA) has called on the Federal Government to broaden its proposed Compensation Scheme of Last Resort (CSLR) as well as extend the freeze on the ASIC levy for another year, in the upcoming Federal Budget.

In its pre-budget submission, the FPA has also called for all financial advice to have tax-deductible status; and for the Australian Taxation Office and Centrelink to improve their online access arrangements to ensure financial planners are able to act on behalf of their clients.

Sarah Abood, CEO of the FPA, says the CSLR and ASIC levy are two issues of particular importance to members in the current environment, and the FPA continues to prioritise them in its discussions with both government and industry.

In its Pre-Budget submission, the FPA says the current CSLR Bill (tabled in September) is too narrow in scope, provides inadequate coverage

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The Financial Planning Association of Australia (FPA) has announced the finalists of the 2022 FPA Awards, which spans across four professional categories.

Now in its 10th year, the FPA Awards recognise individuals and businesses across Australia who deliver the highest standard of professional and trusted advice to Australian consumers. The awards also highlight the outstanding university students who are the future of the financial planning industry.

The finalists in the 2022 FPA Awards for each professional category are:


FPA CERTIFIED FINANCIAL PLANNER® Professional of the Year Award – finalists

Paul Benson CFP® – Guidance Financial Services (VIC)

Naomi Mee-Martino CFP® – Bastion Financial Group (WA)

Andrew Reynolds CFP® – EFS Advice (NSW)


FPA Financial Planner AFP® of the Year Award – finalists

Lili Hong AFP® –  Future Gen Solutions (QLD)

Bill Savellis AFP® – Olive Grove Financial Advice (NSW)


FPA Professional Practice of the Year Award

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