Nitish Srivastava in Point Cook, Victoria | Local business
Nitish Srivastava
Locality: Point Cook, Victoria
Phone: +61 422 272 247
Address: Main st 3030 Point Cook, VIC, Australia
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25.01.2022 I have recently heard a few cases where someone has been diagnosed with cancer or had a heart attack. I want you all to be aware of Trauma Insurance as I personally believe it is a very important insurance to be covered for. What is Trauma Insurance? Trauma insurance pays you a one-off lump sum if you have a serious medical condition (like cancer, heart attack, stroke or an accident). The lump sum is paid directly to your bank account and you could use the benefit to:... Pay your out-of-pocket treatment costs - or afford the best treatment available! Make lifestyle changes so you can focus on healing - like permanently reducing the number of days you work Take some time off work or take a stress-free family holiday. https://www.youtube.com/watch
25.01.2022 A business financial information seminar is being held in mid-August in Point Cook. This information seminar will be of a great benefit to business owner/s or someone starting a new business. We will be covering of topics like business structure (trust/company), business succession planning (Buy-sell agreement, key person cover), business financing (business loan, equipment loan) and business tax minimisation strategies. We will also touch on Self-Managed Super Fund. There will be other professional speakers presenting in this seminar. If any of you are interested please contact me on 0422 272 247 for venue and date. Seats are strictly limited.
22.01.2022 Many of the same worries from 2015 have triggered a poor start to the year for shares, including a sharp fall in Chinese shares and the value of the Renminbi (RMB). This in turn has caused renewed concern about the Chinese economy and has led to more commodity price weakness and fears of an emerging market crisis. Soft US manufacturing data and geopolitical risks this time regarding Saudi Arabia/Iran tensions and North Korea have also contributed to sharemarket declines (...with US shares falling -6%, Eurozone shares -7.2%, Japanese shares -7.0%, Chinese shares -9.7% and Australian shares -5.8%). While it’s been a poor start to the year for equity markets, and risks do remain high in the short term, the expectation remains for better returns this year than we saw in 2015. Sharemarket valuations are reasonable being cheap relative to bonds and bank deposits and global monetary conditions are likely to remain very easy, which should help ensure a rising trend in sharemarkets. While sharemarket falls can be distressing they are a normal part of the way the sharemarket works. Market falls are usually made worse by recessions (notably US recessions) and a combination of prior overvaluation, investor euphoria and significant monetary tightening. While current sharemarket falls could still have further to go, the analysis suggests that economic fundamentals remain strong.
20.01.2022 Most people believe that their house or their car or their bank account is their most important asset. Well, they would be surprised to learn that it’s actuall...y their ability to earn an income over a period of years. Income Protection insurance gives you the confidence to seize life's possibilities knowing that if things don't quite go to plan ... well you've got a plan for that as well. Income Protection is exactly that - it replaces your income if you can't work due to sickness or injury. It's important because your income is what fuels your life today - and all of your plans for tomorrow! Call me on 0422 272 247 to discuss how it will benefit you and your family.
18.01.2022 Wednesday Blog: Should I opt for a variable interest rate home loan or fixed rate home loan? Variable Interest rate:... If your home loan has a variable interest rate the repayment amounts will change when the lender adjusts its rate. The advantage of a variable rate is that you can pay off your loan early without paying a penalty. You can also transfer your loan to another lender without loan-break costs. And if your variable interest rate falls your repayments will also fall so you have the option to continue paying the same amount and pay more off the principal. The variable rate loan usually has a redraw facility linked to it as well. The downside is that if your variable rate goes up, so will your minimum repayments. Fixed Rate: A fixed rate loan gives you the certainty of knowing what your regular repayments will bethey will stay the same for the fixed period of the home loan, regardless of changes in the economy. At the end of the fixed term you can arrange for another fixed term or move to a variable rate. Keep in mind that fixed rate loans are generally less flexible than variable rate loansso if you want to change lenders or pay off your home loan during the fixed term you may be charged loan-break costs, which can be considerable. You can also choose to have both options incorporated into one home loan. This will be treated as two seperate loans and will have the similar conditions of Variable and Fixed rate loan.
18.01.2022 You might think of super as just a percentage of your salary that you can’t access. But it’s important to remember - it’s your money, it’s just being held for you until you retire. The main idea behind superannuation is to help you build a nest egg which you then use to create an income in retirement. There are many different ways in which you can grow your super so you have a larger retirement nest egg. Here are some easy ways to help grow your super: Salary sacrifice from y...our before tax income. You may achieve some tax benefits on top of growing your super more rapidly. Consolidate your super funds - If you have more than one super fund, you may be paying extra fees and charges. Choosing the right investment choice. All types of investment have some degree of risk and you need to decide how comfortable you are with risk. Your returns will fluctuate from year to year but it is important to remember that super is a long term investment. Please call me on 0422 272 247 to see how different strategies might benefit you.
17.01.2022 Brexit or Bremain? http://communityfs.clientcommunity.com.au//1692/48383.html
14.01.2022 Just because you’ve got a 30-year loan doesn’t mean you need to take 30 years to pay it off. One simple tip to pay off your home loan sooner. Make fortnightly repayments... If you can afford it (and you’re not doing it already), consider increasing your home loan repayments from monthly to fortnightly. This small change can make a really big difference to your loan. For example, say you’re making monthly repayments of $1,922 off your $350,000 home loan, with an interest rate of 5.20% per annum. If you continue to make repayments monthly, it will take you 30 years and cost you a total of $691,879. By changing your monthly repayments to fortnightly ones, (effectively meaning an extra payment of $1,922 each year because there are 26 fortnights in a year) you’ll pay your home loan off four years and ten months earlier and save $64,174 in interest
13.01.2022 #Budget2016 I'll summaries tonight's budget and how it will impact us. A soft copy will be available for anyone interested. Please message me with your email address. Also happy to answer any specific budget query you may have. Thanks
12.01.2022 Why we do we need Income Protection? There’s nothing better than having the assurance that your finances will be covered, no matter what happens to you. Income Protection insurance brings you this guarantee: if you suffer a serious illness or injury, you will have financial protection that will keep you afloat until you can get back to work.If you find yourself incapacitated and unable to work, that loss of income can substantially impact on your family’s finances. When you’r...e seriously ill or injured, the last thing you need is to worry about debts. It can be stressful to think about how you’ll cover daily expenses, let alone pay off a mortgage, a car loan or credit card debts Income Protection can be a great help to people who need to keep up with their financial commitments. Please seek professional advice based on your personal circumstances before proceeding with any personal insurance product.
09.01.2022 Self Managed Super Fund (SMSF) As the name suggest, a person can set up and manage their super fund. When you set up an SMSF you become a trustee. A trustee is responsible for running the fund and acting in the best interests of the members. As a trustee you need to manage the fund and its investments separately from your own affairs. There are strict rules that govern how you can use a self-managed super fund (SMSF), how you can invest your money and when you can access it. ...Having control of your super money and flexibility in investment choices are the biggest advantages of SMSF. The investment opportunity within SMSFs that is currently receiving a lot of interest is the ability to purchase property. With an SMSF, you can use the funds you’ve already accumulated in your super to invest directly in residential or commercial investment property. This strategy might/might not be right for you. Please discuss with your adviser before making any decision. For more information you can call me on 0422 272 247.
05.01.2022 Negative gearing debate What is negative gearing? Negative gearing involves borrowing to buy an income-producing asset, such as shares or property. Negative gearing occurs when the investment earnings fail to cover costs, creating a taxable loss which can be offset against other taxable income.... The Turnbull government has ruled out changes to negative gearing after previously flagging a $20,000 annual cap on deductions. However, if elected, the Labor party has pledged to restrict negative gearing to investments in new housing from 1 July 2017, as well as halving the capital gains tax (CGT) discount for assets held for longer than 12 months, from the current 50 per cent to 25 per cent. Any investments made before 1 July 2017 will not be affected and will be fully grandfathered. It's a bit of a unkown what effects it will have on real estate market and to the mom and dad investors, but many analysts have suggested that axing negative gearing could reduce home values, increase rents and as a flow on effect will cause job losses. Positives to come out from this ruling is more revenue for government and it might help the first home buyers.
01.01.2022 There are three main factors to take into consideration when evaluating the most appropriate ownership structure for your next investment. If optimised properly, these three factors will help to minimise your overall risk and tax, as well providing you with peace of mind and maximum flexibility into the future. These factors are: Estate planning... Estate planning involves preparing your will, appointing an executor of this will, determining a power of attorney (if required) and establishing trusts (to preserve the assets for a particular person or group). Asset protection Asset protection is especially important for those individuals with high-risk occupation profiles. It is important for people with these profiles to look at buying a property with a structure which protects their assets in the event that they are involved in any professional indemnity, public risk or product liability insurance claims or lawsuits. Trusts Trusts are a popular choice for many investors, due to their benefits in all three of the above criteria. Trusts come in a few different forms and are typically more flexible than other structures available for investors. They also offer more asset protection. Of all trust structures, those most commonly used for property purchase are : Unit trusts, Discretionary trusts Hybrid trusts
