News and Insights
by Allan Gray
In late 2013 and after much research, Financial Keys introduced contrarian investment manager, Allan Gray into its stable of approved investments. By way of background, typically a contrarian investor is one who attempts to profit by investing in a manner that differs from conventional wisdom, when the consensus opinion appears to be wrong.
Financial Keys recently caught up with the investment managers of Allan Gray and asked for their current view on the markets. Please take the time to read their current thoughts in this article.
by Mark Causer
Another July and another new financial year. Most do not make new Financial Year resolutions like we do at midnight on 31 December, but taking the time to review your options for the next financial year may well be a resolution that pays off in the long run.
In the weeks and months leading to the 30 June, Financial Keys has provided various updates and notifications on the topics of Tax, Superannuation and legislative change. For many of us, there is a lot going on at work, and at home, and we can only hope we have looked after our own finances/affairs as well as our own clients, whatever your vocation.
As some of the dust settles on the May Federal Budget and, for some, July can be a slower month; we thought it would be a good idea to provide a review. Below, we look at a range of areas for you to consider early on in the financial year with regard to your financial affairs. The aforementioned changes are in place, so what now can you do to place yourself in a better financial position?
by Mark Causer
The combination of reasonable growth and declining bond yields continues to provide tailwinds for equities. US economic data seems to be improving after a weak start to 2014, while Japan appears to be coping with the sales tax increase. The European recovery remains broadly intact and China continues to go through change.
With the current volatility in global markets i.e. US taper, economic uncertainty coming out of the Ukraine, European interest rates dropping below zero to stimulate growth, continued media hype of a China slowdown, Iron Ore price concerns, Australians working out how to deal with the Budget changes (if passed) etc etc, many investors, both young and old, seem to be making nervous decisions. In some cases, and probably worse still, many are simply NOT making any decisions, remaining in low interest cash investments - retreating to the sidelines if you like and are merely watching and taking no action.
by Mark Causer
The Treasurer Joe Hockey delivered his first budget speech last night, containing few surprises. The Budget measures announced include increased ‘taxes’ in the form of a temporary levy for high income earners, tighter welfare rules, and wider cuts to education and spending.
This article is a summary of key announcements that you may affect you from a financial advice perspective.
by Brendan Gallagher
Although the year didn’t start particularly well with most equity markets falling in January, the strong recovery over the remainder of the March quarter off the back of positive business results and economic data provides encouraging signs for the year ahead.
by Matthew Congiusta
Research shows that an alarming number of Australians don’t have personal insurance cover; and those that do simply don’t have enough. There is a lack of education in this area and often a false sense of security as individuals ‘think’ they are protected by certain means (e.g. private health cover, insurance in super etc.) but in reality, there is a significant gap between the protection they have and the protection they need. Often the realisation of this gap occurs when it’s too late, causing havoc to the individual and their family.
by Amy Williams & David Evans - O'Neill Partners
Purchasing a property is, for most people, the biggest financial transaction in their lives. Interesting then, that the required process of conveyancing is often viewed as a chore or a nuisance rather than a key aspect in risk management. Financial Keys has asked O’Neill Partners solicitors, specialists in Conveyancing, to give us an overview of the tension between risk and cost in the Conveyancing process.
by Mark Causer
No one sets out to be made redundant. However, the fact of working life today is that many will face this prospect over their working career. For many there is also the loss of employee benefits such as employer funded insurances and employee share schemes – sometimes these aspects are forgotten in the planning process!
A redundancy payment can provide a financial windfall for some, BUT it can also create complex tax situations for many. It is important that you consider all aspects of a redundancy to enable you to navigate a course which is suited to your situation, BEFORE making any final decisions which cannot be undone.
For many Qantas staff, the news that the executive is looking to cut up to 5,000 jobs may well leave you feeling confused and disillusioned. Try to make the most of this time and ensure that you maximise your payments and that you use the current legislation to the best of your ability.
by Mark Causer
In July 2013 we reported to you changes to superannuation and in particular, changes to superannuation contribution caps.
The Australian Taxation Office has recently released the latest Superannuation Thresholds which will now apply for the 2014/15 financial year, i.e. starting from 1 July 2014.
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