Chronos Private in Melbourne, Victoria, Australia | Accountant

Chronos Private

Locality: Melbourne, Victoria, Australia

Phone: +61 3 8456 3565

Address: Suite 2, Level 5, 459 Little Collins Street 3000 Melbourne, VIC, Australia

Website: http://www.chronosprivate.com.au/

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25.01.2022 A, B, C... Easy as 1, 2, 3! For anyone who saw the ABC News last night you wouldve seen a familiar face

25.01.2022 Pronup? Like, a prenup? If you don't know what a #pronup is, check out this blog with one of our clients and savings.com.au Once we bought a house and started a family, that really pushed us to work with our advisor (Chris) and develop a financial plan, Callum said. Thanks Chris, Cal and Suze for your valuable insight! We hope you all get something out of this too. And don't be shy to reach out! FPA - Financial Planning Association of Australia

25.01.2022 Pronup? Like, a prenup? If you dont know what a #pronup is, check out this blog with one of our clients and savings.com.au Once we bought a house and started a family, that really pushed us to work with our advisor (Chris) and develop a financial plan, Callum said. Thanks Chris, Cal and Suze for your valuable insight! We hope you all get something out of this too. And dont be shy to reach out! FPA - Financial Planning Association of Australia

24.01.2022 So let's talk about the last few days... It's been pretty crazy on the stock market right?! In fact, this correction we have seen over the past week is the fastest 10%+ decline in the US from a record high. The speed of the decline surpasses the Black Monday episode in October 1987. Like with most things in this world, there's nothing new under the sun and we've seen declines similar to this happen before. Below is a chart showing other months where we lost 6% or more and ...what happened in the following 1, 3 and 5 years. As you can see, 56% of the time stocks were higher one year later. 72% of the time they were higher 3 years later. and they were higher 80% of the time 5 years later. Of course, there are always some outliers. How you react (or don't) in times like these WILL have a BIG impact on your overall investment experience. If you want to learn more speak to your advisor or feel free to yell out (not literally though, yelling won't actually increase the value of your investments)!

24.01.2022 How's everybody going with their 2019 resolutions? A major reason people fail with their New Years resolutions is that they forget about the link between aspirations and goals. That link is an actual plan. If the plan is going to work, it needs to be built around goals that are Specific, Measurable, Achievable, Realistic and Timed (SMART). This guide is worth bookmarking.

23.01.2022 We hope youre all staying cool in this crazy heat! We think its gotten the best of John today - too many tax returns

23.01.2022 Partner and Co-Founder Chris shares some of the stories he's lived through over the years, both personally and with clients. We're so lucky we get to do this every day! Thanks FPA - Financial Planning Association of Australia for the chat

23.01.2022 The biggest asset the average Australian will ever own is their house followed by their #superannuation account. You wouldnt let your boss choose the house you live in, so why would you let the boss choose your super fund. Principal Advisor and Co-Founder, Chris Giaouris, chatted with The New Daily recently to discuss some easy to identify 'hot spots' you should be looking at when deciding what to do if your employer suggests a certain super fund.

23.01.2022 To all our family, friends, clients and followers, please stay safe and look after each other during this crazy time. As we all know, much has already changed this week with many businesses being forced to close. It truly is devastating. More information can be found online or by contacting your Accountant / Advisor. For us, it will be 'business as usual' but also not really that usual...! That said, we've been working remotely for some time now and this won't change so if there's anything we might be able to do to help you please don't be shy to reach out. Stay safe everyone! #covid #victoria

23.01.2022 You won't see this stuff in the mainstream media as it doesn't create enough panic or fear...! In collaboration with a good friend and colleague of ours, Robert Baharian, we spent some time this week discussing what's been going on around the world in investment markets due to the COVID-19 pandemic. I'm sure you've been inundated with opinions and information, as have we from our clients, friends and family so we wanted to share a different perspective. Stay safe all and d...on't be shy to reach out if you want to continue this conversation https://www.chronosprivate.com.au/covid-19-your-investment/

22.01.2022 If any of you have been invested in shares or property over the last 6 to 12 months you would know that 'rollercoaster ride' is a good description of your experience! It doesn't have to be this way though. We explore some practical suggestions as well as what the stats tell us #SPIVA

22.01.2022 Remember the scene in the Wizard of Oz when the all-powerful wizard is revealed as a man hiding behind a curtain randomly pulling levers? Thats what market forecasting often boils down to. Forecasting sceptic Barry Ritholtz reckons the antidote to forecasting folly is more transparency #Economist #Weatherman #SameSame

21.01.2022 Have you ever wondered what a SMSF or Self Managed Super Fund costs and / or if its right for you? Dont worry, youre not alone! Partner and Principal Advisor Chris spoke to The Australian earlier this week to share some of our experiences here at Chronos Private. Its not entirely fair to set hard and fast minimums and maximums for when a SMSF is appropriate as everybodys situation is different"...... #SMSF #superannuation

21.01.2022 "We have two classes of forecasters: Those who don’t know and those who don’t know they don’t know." It's funny cause it's true (https://www.youtube.com/watch?v=8DYje57V_BY) Have you noticed during media coverage of the coronavirus crisis the explosion in instant expertise about epidemiology? It’s the same with economic and market news. Everyone has an opinion, for sure. But that doesn’t mean they can see the future. ... https://novelinvestor.com/wise-words-on-forecasting/

20.01.2022 Happy new year to all our clients and followers - welcome to 2020 (wow)! We hope you all had a great time welcoming in the new year with those closest to you and you're not feeling too today! In the spirit of new year cliches, Partner and Co-Founder Chris spoke with Yahoo Finance Australia about starting the year off right - you can find out more here!

20.01.2022 Partner and Principal Advisor Chris Giaouris is in the news discussing home ownership vs private school fees. A common discussion we have with many of our clients. If youre thinking about this also, youre not alone!

20.01.2022 So lets talk about the last few days... Its been pretty crazy on the stock market right?! In fact, this correction we have seen over the past week is the fastest 10%+ decline in the US from a record high. The speed of the decline surpasses the Black Monday episode in October 1987. Like with most things in this world, theres nothing new under the sun and weve seen declines similar to this happen before. Below is a chart showing other months where we lost 6% or more and ...what happened in the following 1, 3 and 5 years. As you can see, 56% of the time stocks were higher one year later. 72% of the time they were higher 3 years later. and they were higher 80% of the time 5 years later. Of course, there are always some outliers. How you react (or dont) in times like these WILL have a BIG impact on your overall investment experience. If you want to learn more speak to your advisor or feel free to yell out (not literally though, yelling wont actually increase the value of your investments)!

18.01.2022 Its been a while since we shared the latest SPIVA results so we thought we better give you all a reminder, in case youve forgotten. Low and behold, not much has changed since earlier in the year! Over time periods of 5 years + we see more than 80% of US equity managers UNDERPERFORM the relevant index. So basically, over 80% of the time you were better off investing in the index rather than trying to beat the market. Yes, its boring. But the results are too concerning to ignore. The results are also consistent all around the world, not just in the US. Talk to us if you want to learn more

18.01.2022 Interested in property? The March update from CoreLogic and our friends at Smartline shares some interesting stats: - Melbourne property prices have dropped by 4.1% over the three month period, bringing the annual rate-of-value declines to 9.1%. - Similar to Sydney, Melbourne is experiencing lower prices across all sub-regions, although houses continue to experience greater declines relative to units. Detached house values are down by 11.5% over the 12-month period compared ...to units, which are down by just 3.7%. - The top quartile of properties has lost 13.1% of its value over the year, whereas the lower quartile has seen a decline of just 2.1%. - Rental yield in Melbourne sits at 3.2% for houses and 4.4% for units. - Time on the market has almost doubled since last year, and is now up to 46 days compared to just 28 days in February 2018. What are you guys experiencing in your own situation / portfolios? Let us know!

18.01.2022 How about these two - John and Chris were destined to be business partners from a young age (year 8/9)! If youve known us long enough youve probably heard the story about how we auctioned off the last souvlaki for over $20...! And now, the rest is history

17.01.2022 It's almost Christmas, we know right, where did 2019 go?! It's an expensive time of year, not least for those looking at buying their first home. If you're looking for help on some of the best ways to save for this big, life-changing event, check out this article. Or better yet, let us know what's worrying you and maybe we can help!

16.01.2022 To all clients, friends and family, We are in unprecedented times. We first and foremost wish health and safety for everyone - we are all in this together. This morning our Prime Minister and Treasurer announced additional economic support superseding and expanding on previous announcements.... Key points include: - Small businesses with turnover less than $50 million to receive 100% (up from 50%) of the PAYG withheld from staff salaries to a maximum of $50,000 until 30 June. The minimum payment will also increase from $2,000 to $10,000. - A new additional payment is introduced for the October quarter which will match these payments for eligible entities. Implying a potential minimum of $20,000 and a maximum of $100,000. - Eligible employees and sole traders will be able to access their superannuation capped at $10,000 and a further $10,000 next financial year. Conditions of release include either an income fall or reduction of hours of at least 20%. - There will be a temporary reduction in superannuation minimum draw down amounts for account based pensions by 50%. This will apply for 19/20 and 20/21. - The instant asset write off limit will remain at $150,000. - Government to underwrite $20 billion in loans, representing a 50% guarantee, to eligible small businesses, who will be able to apply for unsecured lending of up to $250,000 (used for working capital purposes). - Eligible employers can apply for a wage subsidy of 50 per cent of the apprentices or trainees wage paid during the 9 months from 1 January 2020 to 30 September 2020. As information is changing day by day, we urge clients to stay informed and contact us with specific enquiries regarding their personal circumstances. Once parliament legislates regarding the above, we will be contacting all affected clients with details pertaining to their situation as specifics are yet to be outlined. In the meantime please read the media release made today by the Prime Minister in the link below. Stay safe and stay in touch.

16.01.2022 It's been a while since we shared the latest SPIVA results so we thought we better give you all a reminder, in case you've forgotten. Low and behold, not much has changed since earlier in the year! Over time periods of 5 years + we see more than 80% of US equity managers UNDERPERFORM the relevant index. So basically, over 80% of the time you were better off investing in the index rather than trying to beat the market. Yes, it's boring. But the results are too concerning to ignore. The results are also consistent all around the world, not just in the US. Talk to us if you want to learn more

15.01.2022 The priority is providing the best education for their children and there are also some social pressures an element of keeping up with the Joneses. Partner and Principal Advisor Chris Giaouris discusses this ever increasing pressure on families all around the country. How are you all dealing with this within your own families? We can only imagine how expensive that purple guitar must be...!

14.01.2022 We've all heard of a prenup but what about a pronup? We interviewed one of our clients to help new couples work through the early stages of combining their finances. Check it out! #pronup

14.01.2022 Earlier this month we heard Damien Hardwick (coach of the Richmond Football Club) speaking on radio about why their game plan has proven to be so successful. He said the following which really stood out: "Most clubs have a similar game plan. It's the implementation that is the key." What we do here at Chronos Private might not be as fun as playing professional sport (although it kinda is for us ) but we echo this message when it comes to what we see on a daily basis. Sometimes just a tweak to your strategy, or gameplan, is all that's needed to get you where you want to go! Make sure you get your own implementation right as it might be the Premiership winning move you've needed all along.

13.01.2022 What will the market do next? What will happen to interest rates, the dollar, commodity prices? These questions keep the financial media in business, but the responses are usually just pointless speculation. Far more relevant questions for individual investors are these, as posed by blogger Ben Carlson: https://awealthofcommonsense.com//questions-every-stock-m/

13.01.2022 Have you ever wondered what a SMSF or 'Self Managed Super Fund' costs and / or if it's right for you? Don't worry, you're not alone! Partner and Principal Advisor Chris spoke to The Australian earlier this week to share some of our experiences here at Chronos Private. Its not entirely fair to set hard and fast minimums and maximums for when a SMSF is appropriate as everybodys situation is different"...... #SMSF #superannuation

12.01.2022 A, B, C... Easy as 1, 2, 3! For anyone who saw the ABC News last night you would've seen a familiar face

11.01.2022 Partner and Co-Founder Chris shares some of the stories hes lived through over the years, both personally and with clients. Were so lucky we get to do this every day! Thanks FPA - Financial Planning Association of Australia for the chat

11.01.2022 "We have two classes of forecasters: Those who dont know and those who dont know they dont know." It's funny cause it's true (https://www.youtube.com/watch?v=8DYje57V_BY) Have you noticed during media coverage of the coronavirus crisis the explosion in instant expertise about epidemiology? Its the same with economic and market news. Everyone has an opinion, for sure. But that doesnt mean they can see the future. ... https://novelinvestor.com/wise-words-on-forecasting/

11.01.2022 The average household spent $358 per week commuting to work in the December quarter last year, just before the coronavirus pandemic hit. If you were lucky enough to retain your job but instead have now been forced to work from home, where has this money been going? Partner and Principal Advisor Chris shares his experiences with the Financial Review as well as some suggestions on what to do with this potential windfall during an otherwise hectic year! "ETFs are a great way to ...dip a toe in the market, says Chris Giaouris. For somebody in this scenario, I would be using these funds to put towards whatever investment goals this individual may have. For example, they may want to build wealth for the future but at the same time want to buy a property within the next two years. If that was me, I would be holding some of this extra income in cash as this provides some certainty around a future home deposit, with the rest being invested in something more aggressive like the stockmarket. We find diversified exchange-traded funds are a great way to access global markets without needing a large initial sum of money. And while saving towards a house deposit using only interest-bearing bank accounts won’t generate a great return right now, a two-year time frame is short and an investment that might generate a better return (like shares) brings heightened levels of risk when the time frame is this short." https://www.afr.com//how-to-maximise-your-pandemic-pocket-

11.01.2022 We hear it time and time again - "next year is going to be the year for forecasters to get it right!" It just doesn't happen in the real world. And if it did, do you really think these magicians would be sharing their secret herbs and spices with the rest of the world? Of course not! Stick to the Colonel Or better yet, let us help

10.01.2022 We hope you're all staying cool in this crazy heat! We think it's gotten the best of John today - too many tax returns

09.01.2022 Happy Financial Planning Week everyone! This year, the focus is on gift spending habits and the expenses we all seem to incur through a normal year. Download the FREE eBook below if you're looking for gift-giving ideas and tips to manage your gift budget!

09.01.2022 So we're two weeks in to the new Financial Year and we think that it's maybe taken a toll on some of us more than others... looks like someone needs a holiday?! #bonvoyage #jealous #euroholiday #quoristhenewboss

09.01.2022 Did you know that since 1980 the Australian share market has averaged a return of 13% each year? Sounds awesome, right? Well, it is! But before you jump in and start investing we suggest you check out this short 1min video as whilst the average return is worth the wait, you need to be prepared for some bumps along the way! #invest #asx

08.01.2022 We get questions about this all the time! If you are in receipt of the Child Care Subsidy (formerly known as the Child Care Rebate) definitely check this out as this will be the first year we see a 'rebalancing' of everyone's payments #kids #family #childcare

08.01.2022 Happy anniversary to us! Thank you to everybody whos supported our humble little place of business - its been an amazing journey so far but we have so much more to look forward to. Love you all

07.01.2022 Weve all heard of a prenup but what about a pronup? We interviewed one of our clients to help new couples work through the early stages of combining their finances. Check it out! #pronup

07.01.2022 Its almost Christmas, we know right, where did 2019 go?! Its an expensive time of year, not least for those looking at buying their first home. If youre looking for help on some of the best ways to save for this big, life-changing event, check out this article. Or better yet, let us know whats worrying you and maybe we can help!

07.01.2022 Roll call - who out there is thinking of saving for their first home? Who is also freaking out because you ran some numbers and realised it's not as easy as you first thought? We see this all the time and Principal Advisor Chris Giaouris sat down with The New Daily to discuss some potential strategies to help with this common problem faced by so many Australians

06.01.2022 Theres one robust new idea in finance that has investment implications maybe every 10 or 15 years, but theres a marketing idea every week. Nobel laureate economist Eugene Fama puts it perfectly. Save the fads for fashion and music, not your life savings!

05.01.2022 Hows everybody going with their 2019 resolutions? A major reason people fail with their New Years resolutions is that they forget about the link between aspirations and goals. That link is an actual plan. If the plan is going to work, it needs to be built around goals that are Specific, Measurable, Achievable, Realistic and Timed (SMART). This guide is worth bookmarking.

04.01.2022 So were two weeks in to the new Financial Year and we think that its maybe taken a toll on some of us more than others... looks like someone needs a holiday?! #bonvoyage #jealous #euroholiday #quoristhenewboss

03.01.2022 Are ethical / sustainable investments something that you want to introduce into your portfolio? Well, you're not alone! Following on from our post last week, Chris again spoke with Yahoo Finance Australia about how this ever-changing space is starting to become 'mainstream' for more than just our clients. See what Chris and the other experts have to say here!

03.01.2022 So it's somehow December... WOW! For anyone coming in to the CBD to see us for some last minute 2020 advice, Christmas shopping or just general festive celebrations feel free to use this free parking voucher! Merry Christmas to all - we look forward to seeing you soon! ... https://www.melbourne.vic.gov.au//free-parking-december.as

02.01.2022 We <3 seeing our clients in the news and today is no exception check out their story in the link below #CalSuze #pronup

02.01.2022 The SPIVA results are in for December and the story of under-performance continues... If you invested in the ASX200 you would've done better than over 85% of the supposed 'experts' who actively manage portfolios. We've been publishing these results for years and the message never changes. Tossing a coin when selecting a fund manager would yield better results! You can see all the results here: https://au.spindices.com//spiva-australia-year-end-2018.pd

02.01.2022 Its all happening here at the Melbourne CBD early voting centre. Dont forget Election Day this Saturday or if youre like us and just cant wait that long, get in now! #VoteChronos #ChrisForPM #JohnForTreasurer #KyriacoForForeignMinister #QuorForSecretaryOfDefense

02.01.2022 You wont see this stuff in the mainstream media as it doesnt create enough panic or fear...! In collaboration with a good friend and colleague of ours, Robert Baharian, we spent some time this week discussing whats been going on around the world in investment markets due to the COVID-19 pandemic. Im sure youve been inundated with opinions and information, as have we from our clients, friends and family so we wanted to share a different perspective. Stay safe all and d...ont be shy to reach out if you want to continue this conversation https://www.chronosprivate.com.au/covid-19-your-investment/

01.01.2022 JobKeeper 2.0 JobKeeper 2.0 was announced yesterday, extending the JobKeeper program until March 2021. JobKeeper 1.0 will continue until 28 September 2020 unchanged, however post September, the rules will tighten making eligibility much tougher to satisfy.... If you think these changes will impact your business or would like to know more, contact one of our team members.

01.01.2022 The Financial Review spoke with one of our clients Peter and Pamela last week to discuss how we are managing their strategy in this environment of low interest rates. For some, the recent RBA rate cut has been a dream with the cost of borrowing getting cheaper and cheaper. For others, it's a tough time to be investing. "Savers will be forced to move much further up the risk curve if they hope to avoid their returns sinking below the level of inflation, as crumbling interes...t rates weigh on savings account and term deposit rates." What are you doing with your savings at the moment? Let us know! http://bit.ly/2RiMQhO

01.01.2022 We are just over two weeks away now from the end of the 2019 financial year - crazy. It feels like Christmas was only last month...! Don't miss out on any last-minute tax strategies which might save you thousands. We discuss a few things to consider as a family, should you feel like you are paying too much tax. Then again, if you're reading this as a client of Chronos Private, paying too much tax should never be a problem for you