MoneyLink Financial Planning in Orange, New South Wales | Financial service

MoneyLink Financial Planning

Locality: Orange, New South Wales

Phone: +61 2 6362 0333

Address: 56 Hill St 2800 Orange, NSW, Australia

Website: http://moneylink.com.au

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• Financial service
• Investing service

25.01.2022 The first three quarters of the 2020 financial year were quite profitable for investors including super funds, but the final quarter was disastrous. Many super fund members must be wondering if their annual reports due soon will show a big loss in 2020.

23.01.2022 In past years intending retirees could rely on a healthy level of fixed interest from bank deposits and debentures to provide income when planning their retirement. That’s no longer the case. Now they would need several million dollars in the bank to generate enough interest.

23.01.2022 Australian shares as measured by the All Ordinaries Index are still about fourteen per cent below their all-time high of February this year. The onset of the Covid virus caused a 37 per cent drop from the peak to the low point in March, so more than half the loss has been recovered.

21.01.2022 From 1st July people who are unemployed, have been retrenched or had their hours cut by at least 20 per cent can draw another $10,000 out of their super fund. This is part of the financial relief program for people seriously affected by the Covid virus situation.

16.01.2022 Last week saw a share market sell-off led by the technology stocks. As usual the big US tech stocks set the pace Apple, Microsoft, Facebook, Google and so on. In Australia Appen, Xero, Altium, Wisetech Global and others followed.

16.01.2022 Funds management is a tricky business. Everyone likes the idea of large profits for little effort. This makes the financial markets probably the most competitive endeavour on the planet.

13.01.2022 A few weeks ago, Jim, an 84-year-old client, rang and said I’ve received the $750 virus payment from the Government, and so has Mary. Why are they sending us money? We don’t need it. And if they expect us to go out and spend it to stimulate the economy then they are sending it to the wrong people.

12.01.2022 Margin loans provide a means of building an investment portfolio much larger than the cash an investor has available. They provide finance to buy investments with the security for the loan being the investments made.

12.01.2022 For ten weeks our focus had been on the virus, the lockdown, surviving, resuming work, and returning to normal, to the exclusion of nearly everything else. Yet now we are also in EOFY season, the end of the financial year.

09.01.2022 For most working people it is possible to pay fifteen per cent tax on some of their earnings rather than their marginal rate of 21 to 47 per cent including Medicare Levy. Now that sounds appealing! There is a catch of course. This favoured rate is achieved by directing income into one’s super fund.

05.01.2022 Another client reminded me last week that when he was young and wanted to borrow money to grow his business forty years ago he had to pay 20 per cent interest. Now he has money to put in the bank it is paying him 1.5 per cent. Something is amiss he says.

03.01.2022 Fortunately for retirees and other investors share markets around the world have rebounded strongly from their March panic. The Australian market fell 37 per cent from its February high to its March 23 low. Since then it has recovered just over half of that.

01.01.2022 A dollar saved from the taxman today is a dollar to keep forever, and the future earnings from it. So with just a few days until June 30 now is the last chance to look for deductions and get them done.