30 Jun 2023
Friday Tidbit
- Posted by Dejan Pekic BCom DipFP CFP GAICD
Morning all and we wanted to wish you a wonderful EOFY (End of Financial Year) celebration today.
This is our 33rd EOFY in a row helping clients accelerate their wealth and it has been a good year for Newealth clients who have held and added to their portfolios.
You will discover that performance is well over 10% after all cost over the past 12 months for Newealth clients however we are still below the pre-Ukraine War peak in asset prices.
We expect asset prices to continue to improve but Mr Market is an unreliable fellow and we continue to be prepared to take advantage when he has his next metal snap.
If you have family, friends or colleagues that want financial advice please ask them to contact us and we will work out how best to help.
28 Jun 2023
Superannuation Guarantee Contribution (SGC): Pay rise
- Posted by Dejan Pekic BCom DipFP CFP GAICD
From 1 July 2023 compulsory superannuation which is known as the superannuation guarantee (SG) rises to 11.0% for all salary and wage earners.
It is legislated to reach 12% from 1 July 2025 (Source ATO).
| Period |
Superannuation Guarantee Contribution |
| 1 July 2022 – 30 June 2023 |
10.50%
|
| 1 July 2023 – 30 June 2024 |
11.00%
|
| 1 July 2024 – 30 June 2025 |
11.50%
|
| 1 July 2025 – 30 June 2026 and onwards |
12.00%
|
Yes we do understand that it is a cost to business however disciplined saving is always good.
If you have family, friends or colleagues that want financial advice please ask them to contact us and we will work out how best to help.
22 Jun 2023
Australian Philanthropy: Good news story
- Posted by Dejan Pekic BCom DipFP CFP GAICD
Andrew and Nicola Forrest are gifting $5 billion to their philanthropic Minderoo Foundation to support charity programs such as ending plastic waste, cleaning our oceans, paediatric/brain/cervical cancer research and abolishing slavery.
Actions are more powerful than words and we applaud their efforts.
Click to read.
If you have family, friends or colleagues that want financial advice please ask them to contact us and we will work out how best to help.
15 Jun 2023
US Headline Inflation: What’s happening?
- Posted by Dejan Pekic BCom DipFP CFP GAICD
COVID-19, printing money and the Ukraine war have all conspired to drive inflation up but raising interest rates have brought rising inflation to an end.
Click for chart.
This is why Jerome Powell, Chair of US Federal Reserve did not increase interest rates over night in the United States.
Does that mean that rising interest rates are over?
More likely than not is the correct answer because it is not possible to know the future with certainty.
Pausing raising interest rates is good news for growth asset prices which continue to rise from their 2022 lows.
If you have family, friends or colleagues that want financial advice please ask them to contact us and we will work out how best to help.
9 Jun 2023
Friday Tidbit
- Posted by Dejan Pekic BCom DipFP CFP GAICD
And once again we have another example of how ‘software is consuming the World’.
This time it is the release of the first generation Apple Vision Pro.
Click to watch.
It is becoming clearer by the day that technology coupled with artificial intelligence will reach an ‘inflection point’ point this decade that will change the course of humanity.
Hopefully for the better.
Is technology investment the smart money over the next decade? Yes.
WARNING, this does not constitute Personal Advice. To discuss if this is an appropriate strategy for your given circumstances please do not hesitate to contact us directly.
If you have family, friends or colleagues that want financial advice please ask them to contact us and we will work out how best to help.
8 Jun 2023
Harvard Business Review: The Big Idea Series
- Posted by Dejan Pekic BCom DipFP CFP GAICD
This HBR Video is an insight into how leaders today must master the ABCs (be an architect, be a bridger and be a catalyst) to access the talent and tools to drive innovation.
Successful implementation of these ABCs will enable diverse talent to collaborate, experiment and learn together to create collective genius.
We must credit Daniel Hakim CEO CUB and Genet Jeanjean MD Boston Global for presenting us with this insight which is a must watch for all current and future leaders.
Click to watch.
If you have family, friends or colleagues that want financial advice please ask them to contact us and we will work out how best to help.
