I hate to disappoint you all but unfortunately, my short answer to this question is, I have no idea. Trying to pick the movement of markets in the short term is like trying to predict Melbourne’s weather. It is near on impossible.
The Reserve Bank of Australia (RBA) recently reduced interest rates from 1.5% down to 1%. They have also told us that they will consider further rate cuts if necessary. When interest rates decline it can directly impact the rate of income that investors can generate from their fixed interest assets. This current environment is generating questions from clients about how this affects them, hopefully I can help answers everyone’s questions about this in today’s blog.
Today’s blog is more of a public service announcement, designed to help educate you around recent superannuation legislation changes that may affect your insurance.
Hewison Private Wealth specialise in managing the tax implications on super and adopting strategies to minimise the taxable component of your superannuation structure.
I am not an environmental activist nor am I a global warming zealot. I try to be a pragmatic human being who looks for ways to improve the world where the opportunity exists. I am also a capitalist and don’t understand why the Australian government can't see the economic opportunity of supporting the development of renewable energy producers, who will pay their taxes just like everyone else.