Logiro in Bowen Hills | Financial planner

Logiro

Locality: Bowen Hills

Address: 31 Murray Street 4006 Bowen Hills, QLD, Australia

Website: http://logiro.com

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25.01.2022 Thanks to modern technology, a budget doesn't have to be daunting.

25.01.2022 Think twice about what you share on social media. Criminals can use personal information such as your home or email address, myGov details, tax file number (TF...N) or date of birth to commit fraud and apply for credit or loans in your name. Encourage your friends and family to stay safe online. For tips on protecting your personal information, watch our video and visit http://ato.gov.au/identitycrime

24.01.2022 YOUR SUPER HAS CORONAVIRUS HERE’S THE CURE Time. Yes, that’s it. Were you expecting something else? Fair enough: Time and Patience. For some people, that’s all you needed to hear from a financial strategist, and if that’s you you’re welcome. For everyone else let’s delve into some detail. Just bear in mind we’ve already given the answer to this ailment: Time and Patience.... 1. Account balances have fallen, value is unchanged For Logiro’s clients this is a familiar message and we’ve found it’s best explained using a name you’re familiar with, the Commonwealth Bank. Let’s say you owned 1,000 Commonwealth Bank shares before the virus hit. How many do you own now? Probably still 1,000, or you’ve made a bit of a mistake. Let’s look at it another way: You own 3 rental properties worth $500,000 each but the property market has fallen and now they’re only worth $400,000. The tenants are still in place and the rent is still coming in. What have you lost? Nothing you still own 3 rental properties and if they were worth $500,000 before, they will be worth $500,000 again. Time and patience. 2. Markets always recover The first table attached shows market downturns and recoveries for the US sharemarket. The big one we all remember is the global financial crisis. It’s second from the bottom and shows that the market fell by 50.9% in the space of 16 months. It also shows that 37 months later it was back up to its peak. This table illustrates the US share market. If we were looking at the Australian share market over the same period, factoring in its strong dividends and franking credits, then the rate of recovery was much less than 37 months. 3. Don’t sell! You might think the market is going to go lower, and you might be right (we have no idea). If you think that you might be tempted to sell and re-enter the market after things have calmed down, or maybe never again because your nerves are shot and this really is just too much to deal with, selling to repurchase is not a good strategy. The second chart attached shows the effect of that thinking using the last ‘crisis’ as an example. Here's how it goes, everyone starts with $100,000. One investor rides out the storm and stays invested. In January this year they had $299,780. A more nervous investor sells out and reinvests a year later when things have settled. They end up with $195,315, not quite as good, but not bad. Even if the first two lost 50% in the current crisis, they still have more than the person who sold out and never invested again. That person feels pretty clever right now and they’re telling you ‘told you it would crash again’, and it has, but they only have $57,320. Thanks to our friends at Morningstar for the charts. If you’d like to see more detail on any of this information give the Logiro team a call and we’ll be happy to walk (or talk) you through it.

24.01.2022 The Logiro team has returned from our various holiday adventures and leapt right back into the business of helping our clients. Here's to a fantastic 2017! Get in touch now on 07 3852 3733 and make sorting out your finances a priority this year.

22.01.2022 Is Bill Smoothing a system you could use to improve your budget?

19.01.2022 It's Stay Smart Online week and the website has some useful tips on how to increase your online security.

18.01.2022 The focus of the 2017 budget delivered last night by Scott Morrison was said to be fairness, security and opportunity. Keep in mind that each of the proposals will only become law if they are passed by Parliament but here's the quick snapshot: *Superannuation* - Additional non-concessional cap for retiree downsizers - Super savings scheme for first home buyers *Social Security*... - Reinstatement of Pensioner Concession Card entitlements - Increased pension residence requirements *Tax (individuals)* - A 0.5% Medicare levy increase from 2019 - New thresholds for HELP debt repayments *Tax (investors)* - Incentives for investment in affordable housing - Restrictions on deductions for residential property investments - Tax changes for foreign tax residents and property owners *Tax (businesses)* - Extension of the deductibility threshold for small businesses - New levy for major banks See more

16.01.2022 Best wishes from the Logiro team to you and your loved ones for a safe and splendid Christmas and a spectacular new year! We'll be winding down this afternoon for the Christmas break then the team will be back and refreshed for a huge 2017 from Monday 9th January.

12.01.2022 2017 has been an absolutely massive year for Logiro! We will be wrapping up tomorrow to take a break for the festive season. From our team to yours - Happy Holidays and thank you for your support throughout the year! We hope you have a wonderful celebration of the year that was and look forward to catching up with you in 2018 from January 8th.

10.01.2022 Unfortunately there has been a recent increase in Centrelink scams. Always be wary of phone calls out of the blue. For more information please see the ACCC release here: https://www.accc.gov.au/media-rel/spike-in-centrelink-scams

06.01.2022 Andrew is a client of ours and we wish him all the very best with his cancer journey. If it's been a while since you supported a charity close to your heart why not make a donation today. We can tell you that Andrew is a lovely bloke and he’s dealing with his situation with more grace than anyone could believe. If supporting his cause warms your heart we're sure he’d be over the moon if you diverted a few dollars in this direction: https://www.gofundme.com/cholangiocarcinoma-awareness

06.01.2022 Our latest communication to our clients: The coronavirus situation is obviously evolving quite rapidly and the financial responses can be difficult to analyse. We aren’t going to try to go into major detail in this format, but please get in contact with the Logiro team if you have specific questions about your own situation. The following comments are a very high-level view and we’re happy to go into more detail if you need it....Continue reading

05.01.2022 $20,000 Time Bomb / What is liquidity? In the next week you’re going to hear the word liquidity quite a lot in relation to withdrawals from superannuation. You’re also going to hear a lot of people getting very worried about the stability of some industry superannuation funds. The industry funds themselves will probably say they’re all OK, and there’s nothing to worry about. Only time will tell if that’s correct. The vast majority of our clients have nothing to worry abo...Continue reading