Is it possible to hold too much cash? If that sounds crazy, like a trick question, that’s because it is. And, therefore, the answer is the opposite of what you would believe it to be. Yes, it is possible to hold too much cash. Sure, we all love the folding stuff. The more you have […]
SUMMARY: The unanswered questions! Here are my responses to the questions we didn’t get to in the inaugural Adviser Q&A. Thanks very much for the great response to the inaugural Adviser Q&A held last Thursday. It was wonderful to see so many questions come in. We couldn’t get through everything during our first Adviser Q&A […]
SUMMARY: The superannuation changes can’t sit on the political backburner. Decisions, or deals, need to be done now. I’m thinking of buying Treasurer Scott Morrison a new t-shirt. It would read: “Superannuation chaos, panic, disorder: My work here is done.” Superannuation is in disarray. People don’t know what rules to follow. Planning is impossible. […]
SUMMARY: Here’s the detail on the pain of the new transition to retirement pension tax. There’s no one killer punch in the Coalition’s super shakeup – it’s a combination of blows that could bring many great strategies to the canvass. The reductions of concessional contributions to $25,000 and non-concessional contributions to $500,000, added to the […]
SUMMARY: Here’s the detail on the pain of the new transition to retirement pension tax. There’s no one killer punch in the Coalition’s super shakeup – it’s a combination of blows that could bring many great strategies to the canvass. The reductions of concessional contributions to $25,000 and non-concessional […]
SUMMARY: How did you fare as a SMSF investment manager in FY16? To prove your worth, the number you needed to beat … was 5.05%. A positive return in your self-managed super fund was probably just a dream for most of the last financial year. Australian shares got crunched in July, then pounded in January […]
SUMMARY: Hold off on non-concessional contributions for now. The “agreed” changes are far from a done deal. The dust hasn’t settled. And the horse-trading certainly has only just begun. In the meantime, for most, I wouldn’t be recommending anyone make any unnecessary non-concessional contributions to super. Certainly without thoroughly checking your tax records, or the […]
Don’t know about you, but I’ve got flashbacks to the 70s. Specifically, of Bruce Banner: “Don’t make me angry. You wouldn’t like me when I’m angry.” The Incredible Hulk is the ultimate in “pissed off”. From gentle scientist to brute-force killing machine in seconds. Potentially, just because the wheel nut slipped when changing the tyre […]
Walk away. No winners here. Not even interesting conversation. Just the painful sound of your head banging against a brick wall. When it comes to investing, this affliction is most prevalent in the debate of “shares versus property”. People are often set on one, or the other. Sometimes, you could show facts being relied on […]
SUMMARY: Labor dumps opposition to Coalition’s big-bang superannuation changes, admitting it will adopt them. It’s official: You need to start preparing for an overhaul of superannuation changes – no matter who wins office on Saturday. The biggest negative changes to super – announced by Treasurer Scott Morrison on […]
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