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The Money Puzzle

Author: The Australian

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Unlock your wealth potential with The Money Puzzle.


Featuring two power-packed episodes each week packed with smart money-making strategies, from superannuation to investing in shares, plus in-depth analysis of property markets.


Get tips from leading experts and practical tools to help build lasting wealth.


Submit your questions at themoneypuzzle@theaustralian.com.au

589 Episodes
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How many years can a bull market last? What will it take to dampen investor sentiment in the year ahead, and what should you, the active investor, be doing? Will Hamilton of Hamilton Wealth Partners joins Associate Editor-Wealth, James Kirby in this episode  In today's show, we cover: The risks and opportunity in the 2026 listed markets How to defend against the looming risk of inflation  Gold - do you have it, how much should you have ? Fading into rallies - the art of taking profits at the right time  See omnystudio.com/listener for privacy information.
Property prices are tipped to rise by 5 per cent in 2026 : But where will investors really make their money?In our property investment outlook show for the year ahead, we identify the property sector that is ready to rebound...and we pinpoint the best location too. Stuart Wemyss of the ProSolution Private Clients group joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: Higher rates and tighter lending - the risks this year  The property sector which is ready to rebound Why the bottom end of the market is the hottest patch  Adelaide running out of puff, Melbourne due it's day in the sun  See omnystudio.com/listener for privacy information.
The ASX can return 10 per cent again in 2026...or maybe even more, says star stockpicker Jun Bei Liu...but what to buy? In this second part of our 2026 investment outlook, she outlines very clearly the red-hot sectors offering the top stock picks and also the parts of the market to avoid. Jun Bei Liu of Ten Cap joins Associate Editor - Wealth, James Kirby in this episode  In today's show, we cover:  How miners will make you money in the year ahead Banks, REITs and retailers could let you down Can CSL return to its glory days? Liu's stand out stock to consider...and one to avoid See omnystudio.com/listener for privacy information.
Your shares in 2026

Your shares in 2026

2026-01-1346:41

It looks like the sharemarket will once again be the place to make money in 2026, especially on Wall Street. But it's not going to be a smooth ride: In the first weeks of the year, the US has unleashed a wave of foreign interventions - and President Trump has subpoenaed Fed Reserve chair Jay Powell - triggering alarm bells on Wall Street. Marc Jocum, investment strategist at GlobalX ETFs joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover The outlook for investment markets in 2025 Forecasts for the ASX in the year ahead Key predictions for Wall Street  The improved prospects in wider global markets  See omnystudio.com/listener for privacy information.
In this episode of The Money Puzzle, The Australian’s Wealth Editor, Julie-anne Sprague, unpacks what it takes to be a great investor with one of the nation's top stockpickers, Jun Bei Liu. How did Liu learn to invest? What did she learn when things went wrong and what's her advice for everyday investors wanting to build their wealth?Jun Bei Liu of Ten Cap joins Wealth Editor Julie-anne Sprague in this episode. Please note, this is a repeat episode of The Money Puzzle. It originally aired in December 2024.See omnystudio.com/listener for privacy information.
If it wasn’t said by a top financial adviser, you might dismiss it as a quote out of context, but  Partners Wealth Group Jack Tossol is not kidding: He says a generation that has ‘sunk everything’ into the family home will miss the chance to have a successful tax-deductible investment plan. It’s a provocative notion, challenging die-hard principles of money management, but with house prices moving higher again...you have to listen. Financial adviser Jack Tossol of Partners Wealth Group joins Associate Editor - Wealth, James Kirby,  in this episode. In today’s show, we cover No tax deduction, no income…Is home ownership overrated? Why ‘Rentvesting’ is worth revisiting Are you facing decades of ‘dead money' in your home mortgage? Challenging the ‘retirement sweet spot’ Please note, this is a repeat episode of The Money Puzzle. It originally aired in August 2025.See omnystudio.com/listener for privacy information.
What is the FIRE movement and how did it get started? It's not a club or a cult: It doesn't have a headquarters, rather it's a set of investment principles: And it just might be a breakthrough for you in the year ahead. Lionel Lee joins  James Kirby in the episode. --------In today's show, we cover: The key principles of FIRE Getting the best from what the movement has to offer A case study that spans a lifetime The realities of  'firing up' Please note, this is a repeat episode of The Money Puzzle. It originally aired in December 2024.See omnystudio.com/listener for privacy information.
Who doesn't love a good movie?  Power, romance, ambition, betrayal...actually, that sounds more like a classic 'money movie'. In this special holiday show, The Australian's film critic Stephen Romei,  guides us through the best movies about money.  Stephen Romei, The Australian's film critic joins Associate Editor - Wealth, James Kirby in this special episode. In today's edition, we cover: Money movies - Do they tell us anything useful? Margot Robbie's double act - How she features in two all-time greats 'The Bank' - Australia's unique contribution to money movies Movies you never thought were about money (but tell you more than Wall Street) See omnystudio.com/listener for privacy information.
Investment markets are sliding in the final days of the year with the ASX 200 looking like it will manage just 8 per cent in total returns: Even Wall Street has softened in the final quarter of the calendar year bringing home about 16 per cent. What a year for the active investor! How was it for you?  James Gerrard of www.financialadviser.com.au joins Associate Editor, Wealth James Kirby in this episode. In today's show, we cover: Global markets pull us up The ASX - Large caps bad, small caps good Winners and losers in a volatile year Gold V Bitcoin - No further questions your honour!  See omnystudio.com/listener for privacy information.
Terry Ryder of the Hotspotting group is Australia’s top expert in choosing  locations for investors.Today he spells out his ‘simple formula’ for the everyday investor that offers opportunity across the national market. Terry Ryder of the Hotspotting group joins Associate Editor - Wealth, James Kirby in this episode. In today’s show, we cover: The Hotspotting formula for finding a successful investment property Which markets will suit the formula best in 2026 Momentum accelerates in the first home buyer segment Has Adelaide property peaked? See omnystudio.com/listener for privacy information.
It sounds reasonable at first glance: Shares on the ASX are up more than 5 per cent over the year to date - add your dividends and you might get close to a 9 percent total return. But then we have a 17 per cent year-to -date return on Wall Street. This is not a once-off: Wall Street has beaten the ASX out the door for more than decade, will it ever change?  Gemma Dale, head of investor behaviour at nabtrade joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: The hard evidence that local shares let you down Why Wall Street wins ...and it's not just Trump Gold puts crypto in the shade   Should SMSFs pay levy for bad advice?  See omnystudio.com/listener for privacy information.
Everyone is feeling the squeeze of sky-high property prices: At the same time, state governments across Australia are actively encouraging 'densification'. No wonder, more investors are looking at optimising the land value of their homes by building out the back. Financial adviser Nathan Fradley joins Associate Editor - Wealth, James Kirby in this episode. Here's a guide: Beyond the 'granny flat' - how tax benefits flow to intergenerational property  Can we get on...who pays for what?  How recent planning and tax changes make intergenerational living easier  Know your rights...why advice is crucial in this area. See omnystudio.com/listener for privacy information.
Why are you holding on to that investment property to help your kids buy a house one day? This question captures the broader concept raised by the 'Die with Zero' movement, which calls for investors to transfer wealth sooner rather than later. Will Hamilton of Hamilton Wealth Partners joins Associate Editor, Wealth - James Kirby, in this episode. In today's show, we cover: The debate over intergenerational fairness Practical tips for helping your children buy a house The broader attraction of 'Die with Zero' An update on the latest home grant blitz See omnystudio.com/listener for privacy information.
Banks won't tell you if you're better off with a fixed-rate mortgage. But strong evidence shows most borrowers will lose when they bet against the bank by settling on a three-year fixed rate. With expectations building that RBA rates may rise, fixed rates seem attractive once more, but you need to know why the odds are against you. Stuart Wemyss of the Prosoluton Private Clients group joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: You fix, you lose: here's the data over two decades The new APRA lending limits How non-banks will now rush the mortgage market Pressure mounts on CGT for residential investments  See omnystudio.com/listener for privacy information.
ASIC Commissioner Alan Kirkland is the top cop for consumers in the investment markets - and he wants you to know that those superannuation calculators that suggest you need very large amounts of money to retire can be unreliable.In Kirkland's view, those calculations often tend to be too high.Sure, aspire to having as much as you can in super -  but don't believe all you read... especially if it's compiled by someone who gets paid for getting your money on the books. ASIC Commissioner Alan Kirkland joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: What you need to know about superannuation calculators  The First Guardian Super Fiasco - can we stop it happening again? A fresh warning on the private credit boom Moneysmart updates its offering  See omnystudio.com/listener for privacy information.
Anyone who remembers the powerful escalation in prices for the Sydney 2000 games does not need to be convinced that Brisbane is going to be a very good opportunity in the run-up to the 2032 games. So what's the catch? Today we look at the recent history and challenges of the nation's third biggest residential market... Sam Price, buyer's advocate with Templeton Property joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: Brisbane - Where are the bargains? Why you will need a flood map in the Sunshine State Property 'finfluencers' force Macquarie Bank clampdown Negative gearing reforms - this idea may have legs  See omnystudio.com/listener for privacy information.
Matthew Cassidy of Partners Wealth Group has just taken the top spot in this year's  Barron's Top 150 Advisers List. He offers a unique perspective on what you need to know about advice, and how to deal with an investment market that is clearly at the top of the cycle. Matthew Cassidy of Partners Wealth Group joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: What you should expect from a top financial adviser  How to prepare for a sharemarket downturn Sequential risk  - The biggest financial threat to the pre-retiree Taking profits off the table  See omnystudio.com/listener for privacy information.
It had to happen, just as the residential property market is rebounding, there are concerns that regulators may 'remove the punchbowl.' NAB has revived talk of rules that would limit investor lending. Meanwhile, the tax office is threatening to deny tax deductions on holiday homes unless investors make their properties available at peak times such as Christmas. Anissa Cavallo of the Eda Property Group joins Associate Editor - Wealth, James Kirby in this episode. In today's show, we cover: 'Rentvestors' are riding the upsurge in residential prices  Big banks raise the possibility that lending limits could be back on the agenda The ATO's 'Big Brother' threat on holiday homes  New ideas on negative gearing and  See omnystudio.com/listener for privacy information.
The avalanche of unlisted private funds aimed at retail investors is at full tilt. It's been a seriously profitable activity for endowment funds: So why have they been getting out of late? It's time to take a hard look at a boom that's raising a lot of questions. Andy Darroch of Independent Wealth Advice joins Associate Editor - Wealth, James Kirby  In today's show, we cover: Why are you being sold private equity funds anyway? Disturbing trends in the unlisted market Big Super does unlisted better - can you ever rival it? Clarifying some key issues around the new super tax  See omnystudio.com/listener for privacy information.
We tend to discuss the nation's rental crisis in terms of the difficulties faced by young renters: But a one per cent vacancy rate also means anybody selling a home will find it difficult to rent in between selling and buying.This relatively new dynamic in the market also explains why it's Australia's hottest markets such as Brisbane and Perth where there is the least number of homes for sale.No wonder investors are returning to the property market. Cameron Kusher of Kusher Consulting joins James Kirby - Associate Editor, Wealth in this episode. In today's show, we cover: The hidden factor that keeps pushing home prices higher  Standby for a lengthy interest rate freeze The damage caused by a universal first home deposit scheme Why the 'Millionaire next door' still has a message for all investors  See omnystudio.com/listener for privacy information.
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Comments (7)

Mr kibria

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Jan 27th
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John Sapounakis

Would be good to get a uranium expert on to discuss in more detail. CEO of Bannerman Brandon Munro would be ideal.

Sep 29th
Reply

Dean Inzitari

Fantastic speaker, Emma sounds like a true professional, just please let her finish! Was cut off too many times in my opinion.

Oct 11th
Reply

jarrod black

you guys need to look more into the tech and use cases behind crypto currencies like ADA and ETH. I thought crypto was a joke because all the financial gurus were laughing at it, but after doing some research I have completely changed my opinion. the fact that guy's like you are not more informed about crypto makes me think that there is still allot of money to flow into it in the long term.

Sep 9th
Reply

Lex Hall

You guys are getting too loose and inarticulate. You sound like you're three schooners in. "Another dodgy apartment block in Melbourne ... I can't remember which ..." Tighter preparation and less time-wasting. Best, Lex

Sep 14th
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