During these trying COVID times, I am sure that there is one lesson that we have all learned, and that is the importance of ‘saving for a rainy day’. Whilst there is no doubt that spending is more enjoyable than saving, there is also no doubt that uncertainly and a shortage of cash impacts our […]
Author Archives: qfp-admin
If you are a resident Australian employee who earns more than $450 per month, you are legally entitled to 9.5% super on your ordinary times earnings, which is basically your wage excluding overtime. Your employer must pay your superannuation entitlement quarterly. But are you receiving them? Has your superannuation contribution been paid into your superannuation […]
Recently we published a blog looking into the different ways that you can choose to invest in a company. We listed a number of criteria and compared Tesla and Toyota as an example. Tesla – Outspoken and exciting Toyota – Conservative and longstanding Which one would you have chosen if I asked you back at […]
Up, down; good, bad. We have been watching the Australian All Ordinaries Index increase 1-2% one day and fall the same amount the next. One day the experts are singing the praises of our leading companies and the next they are shouting their shortcomings. With such missed messages the average investor is understandably confused. Should […]
When you are looking to invest in a publicly listed company, what factors do you consider before making your investment? Do you consider the company’s: Market capitalisation Price-earnings ratio Net profit Earnings per share Revenue growth Profit growth Dividends paid by the company Market share Future viability of the company’s product Financial projections Well, based […]
When it comes to selecting our personal insurances such as: Income protection or Income Continuance Life insurance Trauma Temporary and permanent disability (TPD) the majority of us have a “set and forget” mindset. That is, we go to the trouble of completing the multipage application booklet and we attend to the necessary health and blood […]
Off the back of the latest Reserve Bank meeting, the following represents a snapshot of the latest economic news: Australian Economy The Reserve Bank has forecast the economy to contract by 6% this year before rebounding by 5% in 2021 Company Reporting Only 75% of the ASX 200 Companies reported a net profit in the year […]
It has been reported that more than 1.4 million Australians are currently experiencing mortgage stress. It is predicted that once JobKeeper ends, up to 100,000 homeowners could be in default of their mortgage repayments. Typically the property owners most affected by this conundrum are: Young families First home buyers Investors Holiday rentals As our income […]
When we assist taxpayers with the preparation and lodgement of their tax returns, we persistently hear taxpayers say that there are no tax deductions that they can claim, or that their employer pays for all their work expenses. Well, this year as a result of COVID-19, many of us have had to work from home. […]
The following superannuation changes came into effect on 1 July 2020. Here’s what you need to know: Early release of super You can withdraw up to $10,000 from your super account this financial year if you are suffering financial hardship due to the economic impact of COVID-19. This is in addition to the $10,000 you […]