Financial Market Update | March

Beware the Ides of March! The month of March lived up to its brutal reputation that all started on 15 March 44BC when Marcus Brutus stabbed Julius Caesar to death in the Roman Senate.  Red ink flowed during March like the blood of Caesar. However, despite the dramatic headlines,

How much super do I need in retirement, and how can I boost my super balance?

Knowing how much you need in retirement is more about knowing what kind of lifestyle you desire when you have retired, or, transitioning to retirement.

According to the ASFA Retirement Standard, for a single person that magic number is $545,000.

But according to the ABS –

How to invest in US shares and ETFs directly via an SMSF

Self-managed super funds have often been criticised for lacking diversification when it comes to their investments, specifically that SMSFs have too much in Australian shares and cash and not enough in international investments.

This criticism is somewhat unwarranted as SMSFs access international investments via Australian managed funds and ETFs.  

Financial Market Update | February

The month of February finished up being almost flat, a surprise after the deep selloff early in the month.

Listed property, (local referred to as A-REIT’s and global as G-REITs) was down again on the rising interest rate curve. Although one never wants to stand in front of a freight train the value now emerging in listed property starts to look interesting at these levels. 

Contributing the sale of your home into Superannuation

In the May 2017 budget, the Government announced that from 1 July 2018, older Australians could contribute up $300,000 each (per couple) from the sale of their family home into their Superannuation Fund. This measure is to encourage older people to downsize from family homes that no longer meet their needs,

Financial Market Update: A review of December 2017

The month of December capped off a great year for investment markets.  Good returns with unusually low volatility provided ‘many happy returns’ for balanced and growth investors.

Australian fixed interest turned in a negative return, as longer term rates rose during the month. A widely expected rise in the US Federal Reserve rates pushed their Fed Funds rate up to 1.5%,

Downsizing into Retirement

The downsizer contribution initiative is due to come into effect on the 1 July 2018. Late last year the Government passed its policy which allows super fund members over the age of 65 to sell a main residence and contribute funds into their superannuation accounts without contribution cap and work test issues.

Are you Eligible? Government Energy Efficient Appliance Rebate

Update: Applications for the Queensland Government Energy Efficient Appliance Rebate are now open. To apply, go to www.qld.gov.au/appliancerebate.

Although purchasing appliances that are more energy efficient can have a higher upfront cost, they can lead to long term saving because of the amount of money you will save on your electricity bill yearly.

When is the right time to start planning for retirement?

There is no magic number to start planning but the simple answer is, the earlier you start, the more chance you have to achieve the retirement that you dream of having.

The reason for this is because of the compounding interest effect. Below are some simple graphs showing how powerful this effect can be.

Financial Market Update: A Review of November’s Performance

The S&P/ASX200 Accumulation has now put in two solid months, following the October gain of 4.01% with another 1.64% in November. Twelve month returns are 14.61% almost double our expected annual 12 month returns of around 8.5%. This surge may have pulled forward some of the next twelve months expected gains.