It’s incredible to think we’re in the last couple of months of the 2017/18 financial year. We’re at the stage where we’re starting to think about everything we need to finish before the end of June, and starting to plan our move into the next financial year. So, this year, let’s not leave it all until the last week! Let’s get started on our EOFY planning.
Firstly, let’s make the most of our superannuation contribution caps.
The March quarter saw one of the worst starts to the calendar year since the global financial crisis (GFC) in 2008. This is in contrast to the very positive end to the 2017 calendar year. And while conditions are not that different to this time last year, with global growth relatively robust, inflation low and government policies still accommodative, a reassessment appears to have occurred in markets.
Optimism was replaced by a more realistic appraisal of what risks and challenges were ahead.
Scott Morrison has released his third budget, which includes tax cuts and a road to surplus. In all there are some $140 billion in tax savings over the next 10 years, with middle income earners receiving tax savings of up to $1,060 per year.
We have compiled some of the key highlights from the budget below noting that these are proposed changes by the government at this stage and some of them may or may not become law.
The recent volatility in the global stock markets inevitably has clients asking, “what should I be doing?”.
Considering the market, the U.S. in particular, has been on a bull run since 2009 moving to record highs and double-digit gains, it’s not entirely unexpected to experience a pullback.
The reasons for this latest volatility is an uptick in U.S. inflation and with that an expectation of interest rate increases. This in fact is not bad news but good fundamental economic news.
The Kmart Wishing Tree Appeal is the largest and longest running Christmas Appeal, now celebrating their 30th anniversary. Many people struggle with the extra bills that happen around December and into the New Year. This often leaves little available for Christmas presents. The Kmart Wishing Tree Appeal’s key idea is to show people who are struggling that they’re not alone. This is done by collecting gifts for those who would otherwise go without this Christmas.
It has now been 10 years since we experienced the global financial crisis (GFC) and on this anniversary it is prudent to address what occurred 10 years ago and what we have learnt from it.
One lesson learnt was that those investors who redeemed all their investments and moved to cash after the falls, as the pain was too unbearable, probably had the worst experience. Because it is almost impossible to time the market, those investors in the main then missed out on the market rebound in 2009.