Last night the Federal Government handed down the 2017-18 Federal Budget. Fair to say, PM Turnbull and Treasurer Morrison have finally grown some courage and stood up to the Liberal hard right to deliver what could be described as a quasi Labor budget. We have reviewed the Budget and prepared a summary of the key […]
The Reserve Bank today announced that the official cash rate will remain as is, at the rate of 1.75% for the time being. Governor Glenn Stevens has described the “leave as is” decision as “prudent”. Despite no specific comments on the on the federal election, that is no clear election result, recent events and subsequent fallout over […]
Howdy All, As they say in the classics, life is never boring and in last night’s budget this proved to be the case for superannuation. Attached is a before and after flow chart of the proposed superannuation changes. Fair to say, the world is changing. Budget 2016 – Superannuation Changes No doubt we will be […]
By Michael Collins, Investment Commentator at Fidelity September 2015 Remember the hype about the “super cycle” that justified record commodity prices? The term to describe “higher-for-longer” commodity prices was based largely on ever-climbing demand from the Chinese as the country industrialised. Amid the excitement, commodity prices soared by more than six-fold from 2004 to 2011, […]
The decision to take control of your superannuation is not a simple one, with many factors to take into account. The minimum balance required to launch a self-managed super fund (SMSF) is just one of these considerations. The $200,000 myth It is often said in financial circles that a minimum of $200,000 is needed to […]
We came across an interesting article in this morning’s Age which implied that we could be seeing the emergence of a two tiered borrowing structure in Australia. Home owners paying off a mortgage on the house they live in would pay a lower mortgage rate than those borrowing for investment purposes. This move, which we […]
Morning All, We are absolutely thrilled to announce that Ben Nguyen, William Vuong and Tim Dawe have been shortlisted for the prestigious Money Management Para Planner of the Year Award. To think that we have three members of our team shortlisted is simply amazing and a credit to the boys for their dedication and passion […]
If the Minister for Social Services Mr Scott Morrison is to be believed, Tuesday night’s Federal Budget will introduce a raft of changes for those receiving a Centrelink benefit. As illustrated by the table above, asset test free thresholds will rise considerably for those in receipt of a Centrelink entitlement. Based […]
Howdy All, We trust that today’s post finds you well. Rarely do we praise the Federal Government but in this instance they are worthy of praise. As many of you would be aware the 2015 Intergnerational Report was released recently. This document is compiled every five years and it helps us to understand the demographic […]
This note by Shane Oliver looks at the implications from the RBA’s latest interest rate cut. The key points are as follows: The RBA was right to cut interest rates again. Growth is too low and inflation is benign. Expect the cash rate to fall to 2% in the months ahead. Record low borrowing […]
We came across this article written by Simon Russell, a director of Behavioural Finance Australia and we wanted to share it with you. SIMON RUSSELL A 50 per cent chance of winning $100 or losing $10 sounds like a pretty good bet, right? With an expected outcome of $45, rational gamblers would take odds like those. […]
Today we congratulate Tim Dawe for becoming a Certified Financial Planner. A wonderful effort young man. Years of study and practical experience have finally paid off. Tim joined Innate Wealth in 2012 after spending four years specialising in the risk insurance industry. Tim’s time in the risk insurance sector has provided him with a strong […]
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