Profit results are in
Share market analysts are denouncing this profit period as one of the most volatile in recent memory, with shares sold off or bought up, in wild unprecedented swings rarely seen in the market.
These exaggerated responses to companies’ announcements tell us very little about what is actually going on inside corporate except than Victoria is being repeatedly called out as the toughest state in Australia to do business.
Something that is not news to anyone living in Victoria.
Looking beyond the recent volatility in the Australian share market, a client asked me this month why I never promote property as a good investment option for those in retirement.
So, I have started this newsletter with answering this question and outlining why I believe property is a disappointing investment despite the prospect for long term capital gains.
If you’re in your thirties it can be a great long-term investment, but not so much for older Australians.
Repeated reports suggest Australians are too conservative in their retirement and that they should be spending more, so I also look at this vexed question of how much should you be spending as you get older.
Finally, there has been a lot of discussion in the media as to who will get your super when you pass on, with suggestions it may be given away by the fund’s trustee to someone you don’t want to receive it.
I outline what your options are in terms of making clear and enforceable instructions as to exactly who you want to inherit your super and if you are in any doubt, than you should speak with a qualified caring solicitor.
Importantly, if you know of anyone who is unsure how to arrange their finances as they move into retirement, please encourage them to contact me. It could be a lifesaving, if not retirement saving, moment for them.
Patricia Howard
0427 429 817