WSP Pty Ltd in East Perth, Western Australia | Financial planner

WSP Pty Ltd

Locality: East Perth, Western Australia

Phone: +61 8 6556 2900

Address: Level 1, 197 Adelaide Terrace 6004 East Perth, WA, Australia

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

Likes: 136

Add/Update information

Reviews

Tags

• Property
• Mortgage brokers
• Financial planner

25.01.2022 RBA leaves the rates on hold !!

23.01.2022 Some good tips here

22.01.2022 Today is World Ovarian Cancer Day, a chance to raise our voices in solidarity in the fight against ovarian cancer globally and show support for the almost 300,0...00 women that are diagnosed throughout the world each year. We invite you to Ovary-Act with us and show your support by sharing this post and joining in todays activities. Lets unite for all women and their loved ones impacted by #ovariancancer. #WOCD #ovariancancerawareness

21.01.2022 Do you have an up to date Will? Did you know that superannuation benefits arent automatically included in your Will?

20.01.2022 Financial rules of thumb !!

18.01.2022 Do you want to know about the new grant, call us on 65562900

18.01.2022 Weve announced a major boost for housing in WA which will help deliver a pipeline of work for our construction industry and save local jobs: $20,000 Bu...ilding Bonus grants for any Western Australian who wishes to build a new house or purchase a property in a single-tier development already under construction 75% stamp duty rebate for new multi-tier developments, capped at $25,000, will now also apply to multi-tier developments already under construction in addition to pre-construction contracts $97 million to construct social housing dwellings and purchase off-the-plan units for supported housing programs $142 million to refurbish 1,500 existing social housing dwellings $80 million for a targeted maintenance programs for 3,800 regional social housing properties including in remote Aboriginal communities and subsidised housing for regional government workers

18.01.2022 Happy Mothers Day to all the wonderful Mums, step Mums, Mums to be, and first time Mums and Mums we miss.........

17.01.2022 Whatever your super journey looks like, Were here to help you reach the retirement you want.

16.01.2022 How do you choose between different investment options? What a simple question. The answer is anything but simple. Much of the answer is based on who you ask a...nd their knowledge, experience or background. If you dont ask anyone else then its clearly going to be based on your own knowledge, experience or background. You may have good role models around you. You may not. Most of the answer to this question is going to be worked out simply by virtue of who you ask - yourself or anyone else. Many financial planners are required to sell one product or another in order to solve client financial issues. This can make it a very simple answer. You just buy whatever they usually sell or provide for that problem. Heres an example... Robert Baggins wants to change the investment strategy of his super account. Hes with a fund that offers 8 investment options. He wonders whether he should look at another fund, because he thinks that fees may be high where his money currently is. If he were to ask his super fund, the answer would be to look at his "risk profile" and work out how much risk he is willing to put up with, and then to recommend a conservative/balanced/growth option. Then again, the super fund may have a more comprehensive questionnaire and ask about Responsible Investment. Roberts always wanted to put more support into sustainability, governance and ethical considerations, so he may be recommended to the ESG option. If Robert asks his good friend Frodo, he may choose to ask Frodos Financial Planner, who makes appropriate investigation and decides Robert would be best suited to a tailored managed portfolio of shares and property securities. Frodo might ask his bank relationship manager, who says he cannot recommend super funds but he is sure Robert would qualify for an investment loan if he wanted to buy a property and earn some good long term income? Heres a slightly different approach. What if we were to ask Robert how much monthly income hes expecting from his super fund when he retires? Is the money he has in super today, plus new money and less costs, likely to provide that income? If not, where is Robert going to get the extra money from to live the retirement life he is planning on? Sometimes - and it really is only sometimes - I encounter people who will meet their financial objectives regardless of where they invest their money ( excluding fire, sword and Armageddon-style events). Most of the time however, every decision will lead to a need to balance outcomes - risk against return, income against growth, tax-effectiveness versus simplicity. The list goes on and on. In my experience, the simple question of "where should I invest my money" is best answered by answering a host of other questions first. Quite often, where and how to invest that money becomes much less of an issue.

16.01.2022 When you get your annual super statement, its a timely reminder to review this important investment. If you need help, we are a phone call away 6556-2900.

14.01.2022 Are you considering working in retirement? Further important information can be found at https://www.servicesaustralia.gov.au//income-test-pensions

13.01.2022 A great article on refinancing........Talk to us we can help Ph 6556-2900.

13.01.2022 Happy Easter to all our clients, family and friends..... stay safe out there

13.01.2022 Are your Estate planning needs up to date? Contact us, we can help, just phone the office on 6556-2900.

13.01.2022 Thanks to our friends at Vanguard, for a video on the markets

12.01.2022 Time to check your finances... When strange things happen, its time to glance over your financial position, to see how well you might weather any storms hidden... over the horizon. Covid-19 and all these strange lock-downs, border-controls, and massive global social unrest are all strange enough in themselves, but the investment world figures are getting even stranger again. Heres the opening paragraph from an industry newsletter ... "Numbers are getting extreme again in markets. We had the local CPI print for the June quarter yesterday, which at -0.3% year on year was the lowest inflation read for 72 years. On Monday the Government issued the longest maturity bond ever, getting $36.8bn of orders for a 30 year 2051 maturity at a yield of just 1.95%, and this week the US has been debating that $1 trillion is not enough for the second round of stimulus to prop up its economy (in the face of weekly new jobless claims rising again for the first time since the initial spike, at 1.416m for the week). The prospects of a second wave in Australia are very real with State borders being closed again, and yet asset prices are powering along. Interest rates seem to get ever lower, with the RBAs term deposit index now well below 1%." None of this was unexpected. What was unexpected was the V -shaped recovery in markets. Most professional investors expected markets to take some time to digest the implications of depression-level unemployment and huge structural hits to the global financial system. Yet investment markets have bolted skywards from the depths of the Covid markets falls. Perhaps the bulls are right, and the effects of Covid will be short-term and easily navigated. But what if they are not? Theres no answer to this question in my post today. Im merely stating the obvious, and suggesting that when the obvious is in front of you, its a reasonable position to do something about it.

11.01.2022 Who said isolation isnt cool......

09.01.2022 ESG - Responsible Investment. Its a minefield. Youd think it would be the easiest thing to do - just pick good companies, right? And for those that you dont ...know about, just find the best research and use that. Except it really is not that easy. Even the phrases are not universally accepted in terms of a single definition, so its very hard to identify investments that align perfectly with each of our individual ideas and thoughts and preferences. ESG - Environmental, Societal and Governance issues. All of which are Responsible Investment criteria. But there may be more. You may want to invest in those companies and sectors that positively impact those areas or you may simply be looking to avoid those that have a negative impact. You then need more definitions. Many ESG/Responsible investment "filters" are based on a maximum exposure to any one or more such filters. That works fine if the companies are small, and it caters for those immaterial, side impacts that may unfairly impact a particular company or sector. Yet for large companies, it leaves a very wide range for error. If your maximum exposure is 10% of income (not unusual as a filter) then how about companies with $100 billion of income? that would mean they could have $10 billion a year of exposure to those areas you dont want. The attached article provides a fund managers thoughts on Responsible Investment. Its always good to get a range of thoughts and ideas before embarking down a particular pathway of investment. Responsible Investment is in its relative infancy - which would suggest even more care should be taken. [photo attribution : Photo by RawFilm on Unsplash]

08.01.2022 #vitalislegal #personablelawyers #freshapproach #clearadvice #newfinancialyear #businessadvice #businessreview #corporatelaw #employmentlaw #commerciallaw #smallbusinessadvice

07.01.2022 The ATO has announced some limited relief for private companies that have loans to their shareholders or related parties that are governed by what are referred ...to as complying loan agreements. A complying loan agreement is entered into to avoid triggering an assessable deemed dividend that could potentially be equal to the amount of the loan from the private company. https://aspectaccountants.com.au//covid-19-and-division-7/ See more

06.01.2022 When Australia's Reserve Bank Governor speaks, we should all listen. He holds the purse-strings to the biggest bucket of money in this country, and he doesn't n...eed to ask the public how to spend that money. The Governor's address includes a number of fascinating insights into the way the Covid outcomes have been so haphazard in how different people, areas and industries have been effected. Here's just one strange outcome of this Covid-induced recession.. "One of the many unique features of this recession is that it has been associated with a big increase in household saving. Normally in a recession, income falls and many people draw on their savings to get through the hard times. But in the June quarter, when fears about the pandemic were at their peak, the household saving rate surged to 20 per cent, the highest in almost 50 years" https://www.rba.gov.au/speeches/2020/sp-gov-2020-10-15.html

05.01.2022 Stay safe and dont get complacent over the Easter holidays

05.01.2022 Have you been thinking about refinancing? Talk to us we can help.

05.01.2022 Happy 60th Birthday John Claessen.

04.01.2022 AMP Capital Chief Economist, Shane Oliver, answers your Facebook questions about what the recession means for your finances.

04.01.2022 Stock market bubble or business of the future? Companies that are exposed to, and capable of delivering to, the online buying community, have done particularly ...well during the Covid-era. Here's an excerpt from an article in today's Australian Financial Review, "E-commerce retailers put on epic bubble watch", by Tom Richardson... "The problem is sharemarket bubbles are normally hidden in plain sight, as they form when popular consensus meets a fear of missing out. Dissenters disappear or are dismissed given the weight of opinion. In Australia the e-commerce sector has exploded since the market's March 23 low, with stocks like Afterpay up 12-fold, Kogan up six-fold, Redbubble up 12-fold, Marley Spoon up 14-fold, and Temple & Webster up nine-fold." While some companies have done spectacularly well, others have fallen by the wayside or struggled to cope in a very difficult set of circumstances. From an investment point of view, the question is not what past performance has been. Investment requires peering into the future, and trying to determine if how an investment will perform across the range of possible future outcomes. It's a tricky business. At what stage should an investor sell part or all of their holdings in an investment they've just made 10x their capital from? Should they keep it all in the hope that business conditions continue to favour their particular investment? There is no simple answer to those questions. Investment is part science, part art and part random chance. Anyone suggesting otherwise is generally trying to sell a particular approach. One possible part of the answer is to fall back on the original strategy that led to the purchase. If there was no strategy, then luck probably played just as big a role as research in the original purchase. If there was a strategy, what was the plan for a hugely successful investment? These may seem rather strange questions and lines-of-thought, but they are standard bread-and-butter for people who manage money on a regular basis. For anyone who has made a huge return in a short time period in recent times, it would be good to spend time revisiting some of the basics, to help increase the chances of keeping some or all of that good fortune. Please remember the Great Disclaimer - nothing in this post is to be taken as personal financial advice. You must not take action based on the content of this post, as it is general advice only, and may not be appropriate to your situation and may not relate to your best interests.

04.01.2022 But how will we pay for this? Good question. Ive linked an article that has a clear and logical look at how governments might be able to pay back the huge amou...nt of money that has been/is being, spent on coping with Covid-19 economic issues... https://www.vanguardinvestments.com.au//how-will-we-pay-fo Photo by Edwin Hooper on Unsplash.com

03.01.2022 What are financial planners reading about right now? Well, its mostly comparisons of this Caronavirus crash against past market crashes. Are there similarities...? Can the past actually teach us anything helpful in strange times such as these? In this case, an economist is putting probabilities into different scenarios that could play out over the coming year or so. Its interesting reading - but please remember that anything you read about what *might* happen in the future, is just a guess. Nobody knows the future, and its mostly luck that allows people to say "I told you so" over this or that specific decision. The big question for investors is whether they are prepared for a range of scenarios or whether they are taking a higher risk position of planning on only one possible outcome? https://www.livewiremarkets.com//expect-a-retest-of-march-

02.01.2022 NEW BLOG The Reserve bank have offered a glimmer of hope despite the significant national debt Australia may find itself in post COVID 19. The Reserve Bank a...rgues an economic rebound may still be plausible, but with a warning that a lot hinges on the return of household and business confidence after restrictions are eased. https://aspectaccountants.com.au//reserve-bank-argues-a-v/ See more