Knox Financial in Hobart, Tasmania | Investing service

Knox Financial

Locality: Hobart, Tasmania

Phone: +61 456 690 024

Address: Level 13, 39 Murray Street 7000 Hobart, TAS, Australia

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

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25.01.2022 Sustainable investing making money and doing good There is no doubt that interest in responsible investments is growing. Not only in Australia but globally, investors are increasingly interested in how a company makes its money, not simply how much it makes. While some investors may focus on the longer-term viability of a company and its behaviour, others may hold particular values they want their investments to mirror. How these two strategies play out in the investments c...Continue reading

24.01.2022 The increasing spread of Coronavirus: updated economic and investment market implications Key points While reported new coronavirus cases in China have slowed, the pickup in cases outside China has led to a renewed sharp fall in share markets and bond yields. Our base case is that the outbreak will be contained allowing share markets and bond yields to rebound in the June quarter....Continue reading

22.01.2022 Buy, sell or hold: How to deal with market movements When share markets fall, every investor has a different emotional response. Some investors get anxious and sell up at the first drop in value, whereas others are happy to ride out short term fluctuations to realise the long-term benefits of their investments down the track. One of the reasons for these different reactions is that all investments carry some level of risk, and we all have different perspectives on how much ri...Continue reading

21.01.2022 Understand estate planning What is estate planning? If you’ve got people in your life who you love and want to take care of, it’s wise to build an estate plan. This plan, which you can put together with the help of an estate planning specialist, will make sure loved ones are taken care of in the event of your death....Continue reading

19.01.2022 Federal Budget 2019: What it means for you The Federal Treasurer, the Hon. Josh Frydenberg MP, delivered the 2019 Federal Budget on 2 April 2019. As widely predicted, the announcement included a range of tax cuts for both individuals and businesses. The Treasurer also announced increased funding for regulators to encourage tax and superannuation compliance, a number of positive changes to superannuation, and an affirmation of previously announced aged care measures....Continue reading

18.01.2022 Feel freedom after defeating debt If you’ve taken a look at your finances recently, you may have found yourself with a few debts. While it’s possible to pay them off by simply keeping up your minimum repayments, you may want to get them sorted quicker. If so, here’s a few simple steps to help you pay off your debts sooner and strengthen your savings.... Know what you owe The first step to get started is to know what you owe. This means making a list of all of your debts, and the interest rates of each. Make sure to organise them from the largest interest rate to the smallest. You’ll probably want to repay the higher interest debts first, because they can cost you the most to borrow over time. Once you’re clear on your repayments, and where most of your repayment money is going, you’ll be ready to create a plan. Make some cutbacks When it comes to saving money, it’s important to identify where you could cut back your spending. It may feel tricky, but to get your debt paid off faster, you need to be on-top of your outgoings. So, make a list of all of your spending to see where you could make some cutbacks, and free-up some cash. Set a budget Once you know how much you owe, and where you can make cutbacks on spending, you can give yourself a budget to work with each month. You may find budget calculators helpful, because they can do a lot of the hard work for you. Through following your budget, you may be able to free-up some extra cash each month to put towards your debt, additional to your minimum repayment. Grow your savings It may sound silly to start saving when you’re focusing on making repayments but once you’re in a rhythm, it’s time to think about the future. In order to become (and stay) debt-free, you need to stay in control of your spending. A great way to do that is to have a little rainy-day fund set aside for unexpected circumstances. So, as you start making repayments, pop a little extra into your savings account, to get yourself going. Source: ING, 2019

15.01.2022 A guide to superannuation contributions - how to boost your retirement savings. As well as super guarantee payments from your employer, there are all sorts of ways to save more into super and boost retirement savings. Find out more in our comprehensive super contributions guide. Super Guarantee contributions...Continue reading

10.01.2022 Most older Aussies say they’d prefer home care over a nursing home According to a recent study by McCrindle, nearly 90% of Australians aged 50 and over said they’d prefer to live out their days in their own home, even though most admitted to not having given much thought to what support they’d need in order to do so. Preparation and planning are lacking...Continue reading

10.01.2022 Boost your savings for spring In the cooler months we spend a lot more time getting cosy inside. Why not use some of that quality indoors time to give your finances and future plans a little love? Dust off your budget...Continue reading

10.01.2022 How much do I need to start investing? While investing might seem daunting, you don’t need a huge amount of money to start. While investing into traditional property might require a significant deposit, and a commitment to a long investment horizon, investing in shares, ETF’s, managed accounts or managed funds can be accessed with a much smaller outlay along with the benefit of shorter term access to the value of your investment should the need arise....Continue reading

10.01.2022 8 easy steps to take control of your super Want to make the most of your super? Here are eight steps on how to take control of your super, check your super balance and get it sorted to make sure your retirement savings are on track. 1. Understand how superannuation works and what the benefits are...Continue reading

09.01.2022 Good things come to those who wait If you’ve only recently started earning for yourself, taken out a mortgage or started a family, you’ll know it’s a far cry from the teenage impulse to order up that amazing jacket right now. Of course, giving something up involves sacrifice, which doesn’t sound like fun. So instead of thinking of the pain, concentrate on what you gain. Instead of clicking on another piece of wearable tech, imagine a property with a backyard where your kids c...Continue reading

08.01.2022 The ups and downs of superannuation Many of us like to keep an eye on our superannuation balance. It’s only natural, as we all want to retire in relative comfort, and for many people super is their second largest asset, after their family home. If you’ve been checking your super over the last few months you might have noticed your balance going up and down. The first thing to know is this is quite normal. Share markets around the world naturally go through phases of volatilit...Continue reading

06.01.2022 The Coronavirus and its impact on markets The Coronavirus is slowly jumping international borders after its initial spread in China, and markets have not been immune to its impact. Coronaviruses are a large family of viruses which have long been known to create illnesses. There is currently a new coronavirus affecting people who have recently been in the city of Wuhan, China. From a public health perspective, this is a rapidly evolving situation and there remains much to lea...Continue reading

05.01.2022 Australian growth will be constrained but here’s nine reasons why recession is unlikely Key points: Australian growth is likely to be weak over the next year or so and this will prompt further monetary easing and fiscal stimulus. However, several positives suggest recession is unlikely: the current account deficit has collapsed; the $A helps stabilise the economy; the drag from falling mining investment is over; there is scope for extra fiscal stimulus; infrastructure sp...Continue reading

04.01.2022 Sensible thinking!

03.01.2022 Can I go back to work if I’ve already accessed my super? When you access your super at retirement your super fund may ask you to sign a declaration stating that you intend to never be employed again. But there may be compelling reasons why someone would subsequently return to work. According to the Australian Bureau of Statistics (ABS) the most common reasons retirees return to full or part-time employment are financial necessity and boredom. Regardless of your reason for ret...Continue reading

02.01.2022 How much do I need to retire? When you plan to retire will often be determined by whether you can afford to stop working and still have enough income to maintain your lifestyle. Latest figures from the Australian Bureau of Statistics show the majority of men (36%) and women (22%) chose to retire at the time when they became eligible to draw on their superannuation and/or the age pension. And their average age at retirement was 63.5 years. If you’re planning to delay retiremen...Continue reading

01.01.2022 The 2018-19 Financial Year in Review Key points 2018-19 saw solid returns for diversified investors, helped by a sharp rise in share markets in the last six months & solid returns from most assets, except cash....Continue reading