As we move towards the end of yet another year and ponder how fast the last 12 months have come and gone, many of us find ourselves thinking about the coming year and our aspirations for the future. Let’s face it, we’ve worked hard throughout the year, and now is the time to reflect on what we have achieved; where we want to go; and what we need to get… Read More »New Year Financial Checklist
When we get to the end of another year, we often feel the stress and events of the last 12 months weigh on us. As we head into the holiday season, the overwhelming pressure and stress of spending can take a toll. You don’t need to keep up with the Jones’ at Christmas, or any other time of the year We live in a world driven by consumerism. New smartphones… Read More »The overwhelming cost of Christmas
Investing in different asset classes such as equities, commodities, and fixed-income assets is a great way to accumulate wealth, but it is important to have a sound investment strategy in place. This article covers five warning signs that you may be gambling instead of investing. The potential financial results of investing can feel limitless, and it can be tempting to think that just one stock pick could make you an… Read More »Are you investing or gambling?
Have a good money stream coming in, yet you still don’t have any savings? The world is constantly dangling temptations before our eyes, and it’s never been easier to buy stuff, even if we don’t have the money. The upshot is that we are all susceptible to making some basic financial errors. Individually, these mistakes can be small. Added together, they can really hold us back from financial success. Take… Read More »The most common financial mistakes that prevent you from saving
Wealth protection through the ages Insurance plays an important role in any wealth creation and management strategy. There is little point in accumulating wealth if you don’t protect it, or yourself, from unforeseen risks that can undermine the best-made plans. Just as your wealth creation strategy needs to be reviewed on a regular basis, so too does your wealth protection plan. Every stage of life brings exciting challenges along with… Read More »Wealth protection through the ages
We want the best for you and your tenants during these difficult times. Therefore, we suggest you follow the below checklist for Landlords with Tenants requesting lower rent: Has the tenant provided proof of termination, stand down or reduced work hours? Has the tenant applied and able to provide proof of either the Jobseeker payment or has their employer applied for the Jobkeeper payment. Has the property manager explained to… Read More »What to do when tenants request lower rent during COVID-19
We have been talking to a few IT businesses and been noticing a massive increase of cybercrime activity trying to take advantage of the current COVID-19 situation. There are a number of phishing schemes already out there, and Microsoft has just announced there are a number of known exploits in Windows that are being taken advantage of at the moment. We will never ask you to authorise withdrawals without you knowing… Read More »Cyber activity – Don’t get scammed!
Below information is a summary of events and our house view from one of our investment committee members Andrea Ciaccio, Portfolio Manager AZ Sestante: The US has changed its narrative and is taking the risk of opening its economy on a set date. This has settled the market somewhat and provided certainty. However, time will tell if this strategy works. The US has already discounted a recession in its market valuations… Read More »Investment Summary
Well, we are in the first stage of a lockdown. Hopefully, this will be enough to flatten the upward trajectory of infections, take the pressure off the health system and keep us all safe. If not, a second stage will likely see most people confined to their homes. This stage was effective in China in stopping the spread (assuming the accuracy of reports) in 2 months or so. As previously… Read More »The first stage of COVID-19 lockdown
In light of a crazy weekend, the majority of the banks have advised effectively immediately, assistance will be put in place to help both home loan and business customers manage their respective loans over the coming 6 month period. Wealthmed is still waiting a full response from a couple of the smaller lenders. Most lenders will offer ‘deferred’ payments of up to 6 months for those who are in financial… Read More »Banks initial assistance response to COVID-19