913b they won the lottery: here is how they invested it
4/1/20261 hr 2 min
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What happens after you win $30 million? In this episode, Glen is joined by financial adviser Martin McGrath to unpack a real case study of a couple who won big and needed to figure out what to do next. They talk about:
👉🏼 the case study
👉🏽 the couple’s goals
👉🏾 what they did with the money first
👉🏿 Martin’s fee for advice
👉🏻 tax planning strategy
👉 investment returns
👉🏼 topping up super
👉🏽 having a 'boring' strategy
👉🏾 did they DCA or lump sum invest?
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This content is for education and entertainment purposes only and is intended for Australian residents. It is not a substitute for professional financial, tax or legal advice. Any advice provided is general financial advice only, which does not take into account your objectives, financial situation or needs.You should consider whether the advice is appropriate for your circumstances before acting on it. If you choose to buy a financial product, read the relevant product disclosure statement (PDS) and target market determination (TMD), and seek personal advice from a licensed adviser. We may discuss products, services or listener questions within our content for illustration and entertainment purposes. It is impossible to provide personal advice in this format, as we don’t know your individual financial situation. We may also change the names of questioners for privacy. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies. Guest opinions are theirs and their respective licence holders. SYMO Interactive Pty Ltd and Glen James are authorised representatives of MoneySherpa Pty Ltd, which holds Australian Financial Services Licence 451289. Please read our Financial Services Guide at moneypodcast.com.au.
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Clips
Transcript preview
First 90 secondsGlenn James· Host0:00
[upbeat music] Imagine waking up tomorrow morning to an email saying that you have won thirty million dollars. Well, last year, almost twelve months ago now, I got a email request on the website moneypodcast.com.au, click Get Help if you want a recommendation for a financial advisor. Now, I got this request, and then we'll talk through it now. But before we do that, I'll just let everyone know that I'm here with Martin McGrath from Financial Edge Group. Hey, Martin.
Martin McGrath· Guest0:41
Happy to be here.
Glenn James· Host0:42
And, uh, Martin, you probably haven't been on the main show- Not for a long time. Not for a long time.
Martin McGrath· Guest0:48
Reg-yeah. Regular on Retire Right, but, but not to the younger audience- Yeah ...or the main audience or the- Yeah.
Glenn James· Host0:54
So Martin, we've just done some Retire Right episodes today, and I said, "Oh, let's do an episode on this thirty million dollar Powerball thing."
Martin McGrath· Guest1:01
Mm.
Glenn James· Host1:01
So you go to my website, and it's a listener of the s-show, uh, and we'll put it up on the screen if you're watching on YouTube. This is basically what I received in the inbox. Now, we've removed all the names, um, and any identification type material. [lip smack] And I will also say both myself, I've, uh, communicated with these people,