Australia’s battle with the COVID-19 health crisis has been remarkable, we are truly the lucky country having flattened the curve to the point where there are only a handful of new cases per day. However, the war has only just begun with the real fight ahead being to kickstart the economy, with the lingering threat of spikes in infection… [Read More]
Market Update – In the Shadow of the Peak
Finally, we can all take some comfort knowing the pace of the spread of the virus has stalled. The number of new cases, in fact, seems to have peaked at about 100,000 a day (though the accuracy of this data is questionable due to sporadic testing across many countries). The focus will now turn to a… [Read More]
Market Update – Approaching the Peak
After falling into the quickest bear market in history, markets staged a partial recovery from the lows posted after their capitulation in March. Optimism followed announcements of record government spending to cushion the economic impact, the response has been far bigger and quicker than anything seen in the GFC, but questions remain about whether it will be enough. The next… [Read More]
Market Update – Reality Comes To Australia
It’s been a time in history we will never forget. Justifiably, markets have fallen into the quickest bear market in history. Yet unlike the GFC, the problem at hand is very clear, COVID-19. It is now up to the brightest minds in medical science who are collaborating around the world to develop treatments to ease the burden… [Read More]
Federal Government Superannuation Changes and Assistance
Over the weekend, there were several new initiatives released by the Federal Government that could impact you. An important one was a reduction in the minimum pension required to be drawn down in the 2019-20 financial year and the next financial year 2020-21. Effectively, retirees will be able to keep more of their superannuation nest… [Read More]
Ensuring your SMSF Investment Strategy is Compliant
Diversify or face a $4200 fine. That was the blunt warning contained in 17,000 letters to SMSF trustees from the tax office that has sparked widespread fear among superannuation trustees. The letter went to trustees of funds that have 90 percent or more of their retirement funds in a single asset class, such as property. … [Read More]