I’ve had an accident at work and I won’t be able to paint for at least 4-6

Hi John how are you??

I’ve had an accident at work and I won’t be able to paint for at least 4-6 weeks possibly longer....I’ve had an MRI scan last night and Im just waiting for a doctor’s report today.

Can you please send me the forms and instructions I need please.

Thank you,

Regards,

Michael M.

We received that email at 10.42 am & Michael M had all the required forms to complete by the insurance company by 11.18am after we had immediately called them.

Isn’t that so much better than the alternatives. I.e.

• ·         the ‘No win no fee’ solicitors.
• ·         the limited savings at call in the bank account.
• ·         the family& relatives  who are struggling like everyone else.
• ·         the government who requires everything.
• ·         raiding the equity in the house which is zero as Michael  rents.
• ·         attempting to have access to your super which is another government challenge such as 26 weeks on Centrelink benefits.
• ·         Selling your’ liquid’ assets at maybe an 80% discount.

Michael M only has to wait for his Doctor’s report & his taxx agent but history says they are the delay in Michael M receiving his necessary income payments from the insurance company.

Lets also comment that if Michael M had some group cover under his super then the claims clerk look at his claim once per month. Another reason Why Michael M needs us.

Lets recall that Michael is now 33. If he works for another 27 years then what is his potential earnings?

 Let’s say 27 x 60K = 1.62 Million before we take inflation & job productivity into account.

I.e. Michael M is more valuable than any of his other assets.

Yes insurances require small premiums out of cashflow but that is surely better than the above alternatives. Maybe 1% + of income.

We discussed& tailored  premiums over 2 meetings with Michael & he has the cover that he could afford as some is always better than none. 

He has a portfolio of insurances that we agreed on

• ·         including some life cover for his family, 
• ·         Total & Permanent Disability TPD outside super rules.
• ·         the income protection to help pay his rent & meals  
• ·         also some Business expenses to meet his self employed business expenses.
• The income protection & the Business expenses  premiums are taxx deductible which helps provide a windfall when Michael completes his taxx return.

As it is bushfire season & we back onto bush  then we took Mayor Quirk’s advice & cleared the guttering of leaves . A small insurance step.

We also needed last night  to use Cheryl’s first aid kit which Cheryl had provided us when she was selling RE in Aus. It was very handy & another very useful insurance policy. Mind you so is ice which we discussed with Hannah.

Another company is offering until 28/02/2014  ‘The discount will comprise 8 per cent, 6 per cent, 4 per cent and 2 per cent discount in the 1st, 2nd, 3rd and 4th years respectively’

As we are not aligned then we are able to advise which plan & company is in your ‘Best interests’.

After 29 Years Michael M is Not the first claim we have had. We have had two separate claims of over 800,000.

If you have postponed reviewing your insurances or other finances & maybe you did want to sometime ago then you are welcome to call us on 07 3848 1088 or email us
 

We promise  to advise what we would do if we were in your position so that you are better off in three years time.

John McAuliffe

If you had 100,000 in your super and aged 55 then

Yes that’s the scenario we are grappling with for Jim today.

 Many would argue that 100K is a good sum but when you are aged 55 then as Jim enunciated he needs a million.

1.       Jim has also just been made redundant & a rental property if bought in Australian means gearing. How does Jim fund the negative cashflow even when rates are low

2.       He can have his super released as he has  reached his preservation age. However then if he is to invest it then any income is taxable.  Has Jim retired? 

3.       So does Jim use an SMSF and invest in a property which according to recent news flashes is apparently all are doing. If he does then banks only lend on a much higher deposit say 50% then they ordinarily do. What sort of property can Jim’s SMSF buy for 200k or 300K? 

4.       We attended a recent seminar on super estate planning. Now that’s a minefield  especially as Jim is separated with 2 grown up children. We have Douglas an estate planning solicitor client who says to his clients that ‘in the beginning you might love us but when you receive our bill you will hate us’.  

Do you really understand what a trustee for a SMSF is responsible for?  

Stephen on our professional development day described ‘DIY as Destroy it Yourself’. Stephen provides a SMSF solution with all, meaning everything, done for 1,500p.a. 

That’s is what technology can do & we do have the presentation here if you wish to email us for a meeting here.  

5.       We have this month attended two seminars on investing in Real Estate in the USA. Now that is tempting as prices there are so low & another selling point is the 10%+ income returns. The Federal Reserve is pumping out 85 Billion a month to punch up RE & asset prices & they haven’t stopped yet. Maybe they never will although they have two defined parameters of inflation & employment rates.


Both emphasized that house prices can be bought from 60,000 up & currently might have another 50% upside in the next 2 years.

6.       One seminar was all on the education side with apparently all the support you need to actually buy that first & subsequent properties.

7.       The other is more tempting as it is all done for you & the 100K is a ‘playable’ amount. Why?  Jim can buy a USA property & add other investments to satisfy both the super rules & the need to diversify.

8.       Today we had Dan & Andrew ho have provided us with 10 reason s why you should invest in Brisbane apartments. They are selling many ,all of the plan, to Southern investors. Ask us for their contact details & a guided tour around their developments. 

9.       Maybe not a bubble yet but remember that Debt is like ‘tattoos & weight, very easy to get but hard to lose.’ 


10.   As Jim is 55 then he is paying taxx of 1,407p.a. within his super & it could be zero if he needs a little income to supplement his redundancy payment of 77K. This is a conservative option if Jim finds a job ‘anywhere’.

11.   Jim alternatively  might take a more aggressive portfolio of shares or managed global property funds either within or without super where  there are gearing options here also. There are high yielding shares but Jim can tell us which ones he wants to use. We will assist his research.

12.   Of course there is another option for Jim is to start his own business. If it can provide him with a net 50K p.a. without him there then that is as good  as a million dollar portfolio. ‘Easier said than done’.

13. When we  mentioned our dilemma to Archie as we watched the All Blacks win again, Archie suggested punting it on the Caulfield Cup. Now that is a punt that might find touch.

Jim is better off than most as we have helped him pay off his mortgage of 120K in 5 years. It is just as well.

What will Jim elect to do?

We have created this questionnaire as it is far more helpful that the useless ‘risk profile’ that Jim & we are required to complete for our over regulated financial services world because the risk profile doesn’t answer these 12 options.

Ideally the regulators would help us to define what is Jim’s ‘best interests’.

We will suggest to Jim ‘the same as what we would do if we were in  his position so that he is better off in 3 years time.’

If you are in a similar position then you are welcome to call us on 073848 1088 or email or contact us through our websites

John McAuliffe

10 Reasons why you should make your next brisbane property Investment

10 Reasons why you should make your next Brisbane Property Investment

1.     Research – Our market research concentrates, too, on the potential demand going forward. This covers 30 year terms for population growth, demographics into the future, rental statistics and rental and price growth potential.

2.     Design – They commissions Australia’s leading architects & interior designers. Metro focuses on quality, luxury, comfort, spaciousness, liveability & timeless style to achieve the best possible property solution.

3.     Value – Over the past decade, Brisbane’s inner city apartment market has demonstrated itself to be resilient to market fluctuations. On a linear trend basis, the medium price of an apartment within Brisbane’s inner city has grown by just under $20,000 per annum (Ref: Resolution research strategist)

4.     Location – Central location, Positioned with core lifestyle amenity, key employment nodes and infrastructure investment in every direction.

5.     Infrastructure – Locations supported by adequate existing infrastructure and amenity are prime areas for residential development and growth. Residential developments are more desirable when infrastructure and amenity are within walking distance or transit accessible. Additional infrastructure and amenity investment is also important as this supports greater population growth and employment opportunities.

6.     Employment – Proximity to employment nodes and centres is an essential fundamental to strong residential growth. Localities that are well supported by employment generally drive a greater demand for residential dwellings, particularly those located in walking distance or those that are reinforced for sufficient public transport and accessibility.

7.     Population – Healthy and sustained population growth usually equates to a healthy and prosperous residential property market. The Brisbane local Government area (LGA) is projected to increase by over 10,000 new residents per annum between now and 2021

8.     Rental Demand – Rental demand is driven by ongoing population growth and shifting preferences towards the inner city lifestyle.

9.     Service - they are there for the client through the full 360 degrees of the buying process, from initial contract right through to settlement, rental projections, valuations, and much more.

10.  Track Record –  Property Development and  Communities are now among Australia’s leading private development companies. We have a $1.5 billion workbook of Brisbane inner city developments with operations in QLD, SA, VIC and WA. All are surging ahead.

These are 10 reasons that Dan wrote after we asked him to. 

If you want to know more such as a guided tour through their Brisbane developments or  their contact details as they are flying off the plan then call us on 07 3848 1088 or email us 

John McAuliffe