Simon Coelho Financial Adviser | Financial planner

Simon Coelho Financial Adviser

Phone: +61 2 9533 7599

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20.01.2022 If you hold shares, I can understand the compulsion to sell them, especially if your livelihood depends on it, but before you do, consider the following: Have your dividends been impacted in previous market downturns? If you take CBA shares as an example, the latest 2 dividends (March this year and Last August) would have provided a dividend yield of 5.3% (7.5% if you count the franking credit).... If you compare that to the dividends during the Global Financial Crisis in 2008-2009, the 2 dividends leading up to February 2008 would have produced an unfranked yield of 5.4% (7.7% franked) and the 2 dividends leading up to February 2009 (the low of the GFC) would have produced a yield of 7.3% (10.5% franked). Now, im not saying all shares are like CBA but it's worth a deeper look into what you have. This information is readily available through Google (search dividend history and historical share prices). If your investments provided sufficient income through dividends and what not, ask yourself if there is another reason to sell? Also ask yourself if you sell, are you at risk of sitting on the sidelines too long and miss out on a recovery? What if your monies are in an investment that's spread across many investments. You might take comfort in knowing that some of your investments have bonds in them which are currently increasing in price as shares are falling (yes I know the interest/yields are low but don't forget the capital return you might be enjoying right now). What if some of your investments are held in listed or unlisted property? Perhaps it has a strong tenant that can afford to pay rent with a long lease and therefore continue making rental distributions to you. Imagine selling everything and living off 1-2% in cash. Imagine selling your shares and being surprised with a tax bill on all the gains you've made since you bought them (keep in mind each tax situation is different). Look, don't take this as a hold recommendation, each situation is unique, perhaps for you it's less about income but more about saving and require a set amount of money to make a lump sum purchase in the near future. The key message is, just be better informed before you pull the trigger. On the flip side, you will find many people seeing this as an opportunity to buy into shares at a discount over the coming year. No one knows the future. There's plenty of people you could speak to who would give advice but just make sure they're the right one for you and understand who you are and your situation. Disclaimer: This is general information only and is not intended to be a recommendation. It is recommended that you seek advice from a registered adviser to ensure whatever you do is appropriate to your needs, financial situation and investment objectives.

11.01.2022 https://www.afr.com//tax-boost-for-working-from-home-expen

11.01.2022 https://www.youtube.com/watch?v=89Vpqm2IaPE A rare and insightful video from Jordan Petersen that's especially useful for business people and addresses why its good to work with people that are your opposite. #entreprenuer #sales #management