2017 assets test changes – what you need to know Changes to the assets test have come into effect as of 1 January 2017 and could impact anyone who qualifies for the age pension. If you are currently 65 years of age or more, you must undergo an income test and an assets test in…

Negative gearing – smart strategy or risky business? Property is always a hot topic of conversation whether it’s on the news media or at backyard barbeques, everyone seems to be talking property prices.  Fuelling the conversation is the news that property prices in Melbourne and Sydney reached new peaks last September. The median house price…

What financial records do I need to keep? Ever feel like you’re drowning in a sea of paper? Tame the paperwork today and reap the rewards tomorrow. Life can be complicated enough without all the administrative paperwork that often accompanies it. This is particularly true when it comes to your personal finances. If stacks of…

Why insurance is important – real benefits for you and your family Insurance is all about protecting what you have now and what you need to have in the event of the unexpected. As you travel through life, the protection you need is likely to change.  The key to selecting the right insurance is understanding…

Market Update United States US equities rose over the month with the S&P 500 recording a gain of 1.9%, achieving a new all-time high, as did the Dow Jones Industrial Average, which surpassed 20,000 for the first time. The market continued to react positively to the plans of newly inaugurated President Trump to cut taxes,…

“In America, anyone can become President. That’s the problem.”  ~ George Carlin  The political circus has ended, the campaign tent is now folded. Americans have elected Donald Trump as their new President. President Trump will lead an economy with deep problems and mixed prospects. The narrow victory for President Trump reveals a divided nation. Many American…

Regulatory Requirements for Small Business Owners As another financial year draws to a close, it is important for small business owners to consider the tasks that are required by law to be complete. Not every item listed below will apply to your small/medium business, they are provided as a guide only.        Filing an income…

Leave Campaign wins the Referendum The United Kingdom (UK) has voted to leave the European Union (EU) in a shock decision that has sent global markets plummeting. It has been over 40 years since the UK last voted to stay in the EU and sentiment towards the common market has shifted dramatically. Whilst the margin…

Read the latest monthly market update – covering economic and investment market issues from Australia and across the globe. MARKET AND ECONOMIC OVERVIEW Australia As mentioned in the last edition of Market Watch, the Reserve Bank of Australia (RBA) cut the official cash rate from 2% to 1.75%, a new all-time low, at their May…

Overseas holidays, new cars and having the latest technology aren’t considered luxuries anymore, but are standard lifestyle expectations of the new ‘average’ Australian, according to research by MLC. It’s all about what we define as average, and it’s not so average anymore, with Australians’ perceptions of a middle class standard of living shifting significantly upward…

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