Do you know what assume means?
Do you know what assume means was a question a builder client asked us sometime ago?
We had to admit then that we didn’t know & so a brief translation was provided and starts off as ‘the mother of all’.
This has been the recurrent & comment mistake by government over recent times & something we never do with our spouse. I.e. we assume that all our taxx is well spent and the banks are as safe as houses & Kevin Flip flop is action what he spins a promise.
I.e. assume that property always goes up. Have we all forgotten all of that frozen funds in property trusts. Lets recall Centro which was the lead player before the GFC & was in fact in ‘the too big to fail’ category. Yes this is commercial property, such as retail office & offices. The banks are propping these funds up as otherwise the banks will need propping up. We have no expectations of residential prices doing other than a similar slide as elsewhere on the planet. Why else are we any different.
So we see from the Henry report the assumption that mining companies will pay a 40% super profits taxx RSPT as it will be good for your superannuation & infrastructure & whatever. That is a very big assumption as so far all super funds with any exposure to resources stocks have fallen 15%+. Thanks heaps. Ross Garnaut of Lihir & an economist was also questioning the treasury assumptions. One of them is China will continually grow & need our resources.
A big assumption is that this RSPT will kick in once companies earn over the risk free rate of 6 %. Risk free is benchmarked to government bond rate. We only need to read of ‘sovereign risk’ in Europe to be very aware that this risk has significantly increased. We attended a presentation by a fund manager recently that showed a slide of a Fosters bond being better priced i.e. less risk than that the Australian government bond in February this year.
We all assume that the health system which is a bottomless pit will look after us in our time of need. We are sorry but there are too many examples of a failing health system which takes a disproportionate share of everyone’s dollar. Yes there are some great emotional & success stories which we have commented on before such as road trauma & premature infants. In general there is a gap either in time or money that you have to find.
We only had this week an example with a client needing shoulder surgery. The estimated cost is 40k which Work Cover will pay. Work cover always needs serious convincing in such matters & it is even less likely for a major medical trauma. Hence you may need a solution for that & welcome to call us as we have two separate ideas on that. One of those is at a seminar in Brisbane on June 21st with a Collette Larsen who has an incredible health & income story. Welcome to call on 07 3848 1088 or email for free tickets.
As it is now June then it is time to act & do something on your taxx before June 30. We have made the above comments because you can safely assume that your taxx will be wasted. There is almost always something to be actioned before June 30.
If you find that more than too much of your money goes to Taxx you wouldn’t want the standard deduction the government wants to allow.
At some stage Australia could wake up & read what the new UK government read i.e. ‘sorry but no money left’.
At least A. Robb [an appropriate name] commented in the budget reply after Joe lopped 42B off that ‘we can’t afford it’. That’s a start with an attitude change although Tony the loose cannon could also be very loose with your taxx.
The other chunk of your after taxx income may go to your mortgage. Then of course it time to act as one client has this week.
“Hi John,
Jackie here......Mick and I would be keen to have you offer us advice on how to better structure our loans etc.
Firstly, we want to make sure our loans etc are working to the best of the ability, and secondly, we are not happy with our BOQ service. Our latest home loan is with CBA and we also have a mortgage with Macquarie.
It is difficult for us to get down to see you from Dalby for the hours / days we work. I thought it might be possible to get the ball rolling over email - if you could let me know if this is OK, and what you would need to look at (Mortgage statements, rates etc).
I could either email or mail a package of everything you need for you to review and then hopefully we can get down to see you personally to wrap up.
How does that sound?
Thanks in advance for your assistance,
Jackie”
So if you need to reduce your taxx before June 30 or that mortgage is so big it is stressing you or you want to protect the downside then call on 3848 1088 or email as we have 26 years of happy clients. We have an elegant & simple strategy to achieve your goals.
Assuming all is good means you will end up as you are or maybe ‘the mother of all’.
John McAuliffe
Mick and I would be keen to have you offer us advice on how to better structure our loans etc
“Hi John,
Jackie here......Mick and I would be keen to have you offer us advice on how to better structure our loans etc.
Firstly, we want to make sure our loans etc are working to the best of the ability, and secondly, we are not happy with our BOQ service. Our latest home loan is with CBA and we also have a mortgage with Macquarie.
It is difficult for us to get down seeing you for the hours / days we work. I thought it might be possible to get the ball rolling over email - if you could let me know if this is OK, and what you would need to look at (Mortgage statements, rates etc).
I could either email or mail a package of everything you need for you to review and then hopefully we can get down to see you personally to wrap up.
How does that sound?
Thanks in advance for your assistance,
Jackie”
Why is this so?
In our discussions they commented that they ‘understood property’ & they ‘liked renovating them’ and ‘buying low’ meant that they should make capital gains. These are very good reasons but they haven’t done back of the envelope cash flows which is why to use Michael’s phrase ‘they are robbing Peter to pay Peter.’
[Julia could use the same phrase with the MRRT and SPRT]
Let’s look at a rental property scenario with a house value say 400K
Debt on it of say 75% i.e. 300K @ 7.4% interest only means -22,000
Costs as rates + insurance + RE fees + 1%-2% maintainence at least = - 8,000
Rent which always should be higher say 350pw +17,500
I.e. a gross negative cashflow of 12,500
How much is this over 5 years = $62,500 which must be made up.
Good luck as the real estate agent is ~3% = 12K+ & the government wants its share 50% of the nominal gain. Michael & Jackie & all others are hoping for a sizable gain to have a residual capital gain left for them. It isn’t worth the risk or the reduced lifestyle now.
What if the rental was empty for a long period? How much does that cost & where does the cashflow come from? What if 2 properties were not rented for a period?
Mick & Jackie need to restructure their debts using our active wealth strategy.
We had other discussions this week.
Noel wanted some 800,000 life insurance & so we ran off the top 18 company rates for his age of 48. In our discussions he asked ‘did we have a strategy so that he could retire his current income’. That’s a challenge when he has 2 children & still a debt of 180K. This is a very common problem out there. He at least knows his position & doesn’t like the outlook. Our active wealth strategy may help if he has a positive risk profile & doesn’t want to be ‘the frog in the jug’.
Of course the regulators in their wisdom want him to rely on them. Does he?
We had Will call us after being referred by another happy client. Will has a 245K mortgage & was also aged 48. However he had 16K on credit cards & very concerned that he would be in the same financial position & debt when he retired. A different solution is required & we need to maximise the second income with some discipline.
We had Tony comment after 6 weeks in Turkey enjoying hot air ballooning & holidaying. He admitted that 3 years ago he came to the conclusion that would never own another house in his lifetime. He couldn’t afford to buy the $1m+ house which his lifestyle wanted. However he could afford to rent it. Any landlord is going to be better than a bank as a landlord. What Tony is doing is saving all those extra costs of house ownership such as rates & maintainence & using our active wealth strategy.
I.e. let’s revisit if we need a house.
We had from Lianne today after emailing her monthly HW.
‘Back from our walkabout – it was fantastic’ and ‘we did 3 week trip including Lake Eyre and Uluru and other sites along the way – tenting it!
Come back to make sure we can go again for longer and’ Also did a crossing of the Simpson Desert west to east’.
Lianne can do this as they have reduced their large mortgage over time to a nominal 34k bad debt today. They are so happy with us they wanted off the satin drugs they were on for our active health prevention strategy which also everyone needs.
As these are not uncommon scenarios then we invite you to call on 07 3848 1088 or email us or visit our websites. Our active wealth strategy may be worth lunching over.
John McAuliffe
“Hi John,
Jackie here......Mick and I would be keen to have you offer us advice on how to better structure our loans etc.
Firstly, we want to make sure our loans etc are working to the best of the ability, and secondly, we are not happy with our BOQ service. Our latest home loan is with CBA and we also have a mortgage with Macquarie.
It is difficult for us to get down seeing you for the hours / days we work. I thought it might be possible to get the ball rolling over email - if you could let me know if this is OK, and what you would need to look at (Mortgage statements, rates etc).
I could either email or mail a package of everything you need for you to review and then hopefully we can get down to see you personally to wrap up.
How does that sound?
Thanks in advance for your assistance,
Jackie”
Why is this so?
In our discussions they commented that they ‘understood property’ & they ‘liked renovating them’ and ‘buying low’ meant that they should make capital gains. These are very good reasons but they haven’t done back of the envelope cash flows which is why to use Michael’s phrase ‘they are robbing Peter to pay Peter.’
[Julia could use the same phrase with the MRRT and SPRT]
Let’s look at a rental property scenario with a house value say 400K
Debt on it of say 75% i.e. 300K @ 7.4% interest only means -22,000
Costs as rates + insurance + RE fees + 1%-2% maintainence at least = - 8,000
Rent which always should be higher say 350pw +17,500
I.e. a gross negative cashflow of 12,500
How much is this over 5 years = $62,500 which must be made up.
Good luck as the real estate agent is ~3% = 12K+ & the government wants its share 50% of the nominal gain. Michael & Jackie & all others are hoping for a sizable gain to have a residual capital gain left for them. It isn’t worth the risk or the reduced lifestyle now.
What if the rental was empty for a long period? How much does that cost & where does the cashflow come from? What if 2 properties were not rented for a period?
Mick & Jackie need to restructure their debts using our active wealth strategy.
We had other discussions this week.
Noel wanted some 800,000 life insurance & so we ran off the top 18 company rates for his age of 48. In our discussions he asked ‘did we have a strategy so that he could retire his current income’. That’s a challenge when he has 2 children & still a debt of 180K. This is a very common problem out there. He at least knows his position & doesn’t like the outlook. Our active wealth strategy may help if he has a positive risk profile & doesn’t want to be ‘the frog in the jug’.
Of course the regulators in their wisdom want him to rely on them. Does he?
We had Will call us after being referred by another happy client. Will has a 245K mortgage & was also aged 48. However he had 16K on credit cards & very concerned that he would be in the same financial position & debt when he retired. A different solution is required & we need to maximise the second income with some discipline.
We had Tony comment after 6 weeks in Turkey enjoying hot air ballooning & holidaying. He admitted that 3 years ago he came to the conclusion that would never own another house in his lifetime. He couldn’t afford to buy the $1m+ house which his lifestyle wanted. However he could afford to rent it. Any landlord is going to be better than a bank as a landlord. What Tony is doing is saving all those extra costs of house ownership such as rates & maintainence & using our active wealth strategy.
I.e. let’s revisit if we need a house.
We had from Lianne today after emailing her monthly HW.
‘Back from our walkabout – it was fantastic’ and ‘we did 3 week trip including Lake Eyre and Uluru and other sites along the way – tenting it!
Come back to make sure we can go again for longer and’ Also did a crossing of the Simpson Desert west to east’.
Lianne can do this as they have reduced their large mortgage over time to a nominal 34k bad debt today. They are so happy with us they wanted off the satin drugs they were on for our active health prevention strategy which also everyone needs.
As these are not uncommon scenarios then we invite you to call on 07 3848 1088 or email us or visit our websites. Our active wealth strategy may be worth lunching over.
John McAuliffe
Do you know what assume means?
Do you know what assume means?
Do you know what assume means was a question a builder client asked us sometime ago?
We had to admit then that we didn’t know & so a brief translation was provided and starts off as ‘the mother of all’.
This has been the recurrent & comment mistake by government over recent times & something we never do with our spouse. I.e. we assume that all our taxx is well spent and the banks are as safe as houses & Kevin Flip flop is action what he spins a promise.
I.e. assume that property always goes up. Have we all forgotten all of that frozen funds in property trusts. Lets recall Centro which was the lead player before the GFC & was in fact in ‘the too big to fail’ category. Yes this is commercial property, such as retail office & offices. The banks are propping these funds up as otherwise the banks will need propping up. We have no expectations of residential prices doing other than a similar slide as elsewhere on the planet. Why else are we any different.
So we see from the Henry report the assumption that mining companies will pay a 40% super profits taxx RSPT as it will be good for your superannuation & infrastructure & whatever. That is a very big assumption as so far all super funds with any exposure to resources stocks have fallen 15%+. Thanks heaps. Ross Garnaut of Lihir & an economist was also questioning the treasury assumptions. One of them is China will continually grow & need our resources.
A big assumption is that this RSPT will kick in once companies earn over the risk free rate of 6 %. Risk free is benchmarked to government bond rate. We only need to read of ‘sovereign risk’ in Europe to be very aware that this risk has significantly increased. We attended a presentation by a fund manager recently that showed a slide of a Fosters bond being better priced i.e. less risk than that the Australian government bond in February this year.
We all assume that the health system which is a bottomless pit will look after us in our time of need. We are sorry but there are too many examples of a failing health system which takes a disproportionate share of everyone’s dollar. Yes there are some great emotional & success stories which we have commented on before such as road trauma & premature infants. In general there is a gap either in time or money that you have to find.
We only had this week an example with a client needing shoulder surgery. The estimated cost is 40k which Work Cover will pay. Work cover always needs serious convincing in such matters & it is even less likely for a major medical trauma. Hence you may need a solution for that & welcome to call us as we have two separate ideas on that. One of those is at a seminar in Brisbane on June 21st with a Collette Larsen who has an incredible health & income story. Welcome to call on 07 3848 1088 or email for free tickets.
As it is now June then it is time to act & do something on your taxx before June 30. We have made the above comments because you can safely assume that your taxx will be wasted. There is almost always something to be actioned before June 30.
If you find that more than too much of your money goes to Taxx you wouldn’t want the standard deduction the government wants to allow.
At some stage Australia could wake up & read what the new UK government read i.e. ‘sorry but no money lef’.
At least A. Robb [an appropriate name] commented in the budget reply after Joe lopped 42B off that ‘we can’t afford it’. That’s a start with an attitude change although Tony the loose cannon could also be very loose with your taxx.
The other chunk of your after taxx income may go to your mortgage. Then of course it time to act as one client has this week.
“Hi John,
Jackie here......Mick and I would be keen to have you offer us advice on how to better structure our loans etc.
Firstly, we want to make sure our loans etc are working to the best of the ability, and secondly, we are not happy with our BOQ service. Our latest home loan is with CBA and we also have a mortgage with Macquarie.
It is difficult for us to get down to see you from Dalby for the hours / days we work. I thought it might be possible to get the ball rolling over email - if you could let me know if this is OK, and what you would need to look at (Mortgage statements, rates etc).
I could either email or mail a package of everything you need for you to review and then hopefully we can get down to see you personally to wrap up.
How does that sound?
Thanks in advance for your assistance,
Jackie”
So if you need to reduce your taxx before June 30 or that mortgage is so big it is stressing you or you want to protect the downside then call on 3848 1088 or email as we have 26 years of happy clients. We have an elegant & simple strategy to achieve your goals.
Assuming all is good means you will end up as you are or maybe ‘the mother of all’.
John McAuliffe
Do you know what assume means was a question a builder client asked us sometime ago?
We had to admit then that we didn’t know & so a brief translation was provided and starts off as ‘the mother of all’.
This has been the recurrent & comment mistake by government over recent times & something we never do with our spouse. I.e. we assume that all our taxx is well spent and the banks are as safe as houses & Kevin Flip flop is action what he spins a promise.
I.e. assume that property always goes up. Have we all forgotten all of that frozen funds in property trusts. Lets recall Centro which was the lead player before the GFC & was in fact in ‘the too big to fail’ category. Yes this is commercial property, such as retail office & offices. The banks are propping these funds up as otherwise the banks will need propping up. We have no expectations of residential prices doing other than a similar slide as elsewhere on the planet. Why else are we any different.
So we see from the Henry report the assumption that mining companies will pay a 40% super profits taxx RSPT as it will be good for your superannuation & infrastructure & whatever. That is a very big assumption as so far all super funds with any exposure to resources stocks have fallen 15%+. Thanks heaps. Ross Garnaut of Lihir & an economist was also questioning the treasury assumptions. One of them is China will continually grow & need our resources.
A big assumption is that this RSPT will kick in once companies earn over the risk free rate of 6 %. Risk free is benchmarked to government bond rate. We only need to read of ‘sovereign risk’ in Europe to be very aware that this risk has significantly increased. We attended a presentation by a fund manager recently that showed a slide of a Fosters bond being better priced i.e. less risk than that the Australian government bond in February this year.
We all assume that the health system which is a bottomless pit will look after us in our time of need. We are sorry but there are too many examples of a failing health system which takes a disproportionate share of everyone’s dollar. Yes there are some great emotional & success stories which we have commented on before such as road trauma & premature infants. In general there is a gap either in time or money that you have to find.
We only had this week an example with a client needing shoulder surgery. The estimated cost is 40k which Work Cover will pay. Work cover always needs serious convincing in such matters & it is even less likely for a major medical trauma. Hence you may need a solution for that & welcome to call us as we have two separate ideas on that. One of those is at a seminar in Brisbane on June 21st with a Collette Larsen who has an incredible health & income story. Welcome to call on 07 3848 1088 or email for free tickets.
As it is now June then it is time to act & do something on your taxx before June 30. We have made the above comments because you can safely assume that your taxx will be wasted. There is almost always something to be actioned before June 30.
If you find that more than too much of your money goes to Taxx you wouldn’t want the standard deduction the government wants to allow.
At some stage Australia could wake up & read what the new UK government read i.e. ‘sorry but no money lef’.
At least A. Robb [an appropriate name] commented in the budget reply after Joe lopped 42B off that ‘we can’t afford it’. That’s a start with an attitude change although Tony the loose cannon could also be very loose with your taxx.
The other chunk of your after taxx income may go to your mortgage. Then of course it time to act as one client has this week.
“Hi John,
Jackie here......Mick and I would be keen to have you offer us advice on how to better structure our loans etc.
Firstly, we want to make sure our loans etc are working to the best of the ability, and secondly, we are not happy with our BOQ service. Our latest home loan is with CBA and we also have a mortgage with Macquarie.
It is difficult for us to get down to see you from Dalby for the hours / days we work. I thought it might be possible to get the ball rolling over email - if you could let me know if this is OK, and what you would need to look at (Mortgage statements, rates etc).
I could either email or mail a package of everything you need for you to review and then hopefully we can get down to see you personally to wrap up.
How does that sound?
Thanks in advance for your assistance,
Jackie”
So if you need to reduce your taxx before June 30 or that mortgage is so big it is stressing you or you want to protect the downside then call on 3848 1088 or email as we have 26 years of happy clients. We have an elegant & simple strategy to achieve your goals.
Assuming all is good means you will end up as you are or maybe ‘the mother of all’.
John McAuliffe
What did Barnaby say? What have we learnt as we turn 60?
What did Barnaby say?
What have we learnt as we turn 60?
We had to check ourselves when last weekend we heard Barnaby say ‘They have got lovers’ fingers, every thing they touch smells’. We could never have imagined an accountant with we believe three daughters make such an earthy comment on the ‘Henry report’.
When it was followed up with a similar earthy comment from another commentator on PM agenda that ‘the others on the Henry report must have felt they had had a one night stand & must feel slightly used’ then there is a general & genuine feeling of mistrust with all big we know better governments.
There is the unholy Trinity with Kevin Flip Flop bringing out that rent resources super taxx on the miners. It is a taxx on super profits. A super profit apparently occurs when one exceeds the long term = 10 year risk free government bond rate.
Let’s listen to Kevin Flip Flop as he explains it.
Lets all put our money in government bonds because at the rate of government borrowing we are all going to have to so as to sustain big brother government largess to the masses. Greece & Europe & US & UK here we come. There is no reason at all for anyone to risk their money in any investment or activity if there is no incentive. Who said government bonds are risk free & hence we have sovereign risk to add to market volatility.
And what perfect timing so as to whack the values of everyone’s retirement nest egg.
Here is one email we received this week & Jean is not a client.
Hi John
I really do need your advice now as I have managed funds with Colonial First State in Global Resources which is in the mining sector and with the government’s introduction of 40% of the profits to be taken to fund the increase in Super I am concerned about what I need to do.
My phone number is XXX
Thanks
Jean
And today’s client email
Hi John,
I'll be away from 12 May - 27 June so I'd be glad to catch up sometime in mid- July.
I've attached April homework.
Thanks for your advice this year. It's been very predictive of what has happened. It looks like the PIIGS can't fly. Hope the euro stays down but not the market.
Regards
Kerry
Why would anyone in their right mind contribute any more money into superannuation when its going to be destroyed as it has in the last week? They are only going to because they have to. Therefore it’s a taxx because you can’t spend it & you have the choice of government with their proposed low cost low return fund or if they had their way an industry fund. If you don’t vote Labour then why are you in an industry fund? They are not a charity & who pays for all their advertising. You certainly wouldn’t want their advice. However we remember Don Chipp phrase & it’s why they want us out.
We have also been given the next blow to the family budget by the RBA who increased the cash rate to 4.5% & hence your mortgage rate to close to 7 %. Where is a family going to find that extra $50pw? Hence they are closer to mortgage stress as are 90,000 others. The banks don’t want that because that means selling & hence down go house prices. This is what has happened everywhere else globally.
Of course the banks had their semiannual results which gave Kevin Flip Flop the opportunity to pass the heat off him & onto the banks. It was so predictable. Then there was the suggestion that maybe the banks should be also super taxed. This could be argued as they have been ‘gouging’ on the back of the government guarantee. Where again does your super invest in & what is that going to do to your retirement values.
Then we read that customers are unhappy with their banks. Well it is always possible to change banks & we do offer better rates through our preferred partner. Give us a call on 07 3848 1088 or an email.
We could attempt to list the other big government knows better stimulus spending failures. Those that come to mind are the rort of the insulation & the Julia’s BER schools programme, the flip flop on the ETS, the destroying of TLS share price with the 42B +/-NBN which only 30% may subscribe to, 100m on swine flu …. It’s your money that is wasted.
Taxx kills growth & hence you have lost wealth, taxxes won’t reduce & interest rates will continue up by another 0.5%.
The other side is no different as the coalition spent 93% of it revenues. All government can’t help themselves & the Western model of government promises is breaking down as it is a Ponzi scheme.
We are more comfortable with the Norwegian model where the taxxes on oil goes into a separate ‘Future Fund’ & away from big government hands. The Swiss also have an idea where the new migrants only pay 10% flat taxx but have no entitlement to health or social security.
We understand that Kevin Flip speaks Mandarin & hence he might understand why China is in the position it is. Simply it saves. E.g. A huge % of new property is bought with no borrowing. However a China bubble is due to burst.
Our thoughts on turning 60 today is that daughters fib but the big boys lie & don’t ever confuse wants with needs.
Other events today are Naplan & we ask Julia why it will take months before our daughter’s results are known. Julia & the teachers flip flopped this week also. We have swan bumps in anticipation of Wayne’s platitudes.
We must play as the coach Robbie Deans says. ‘Play what’s in front of you’. Your taxx is not going to be any smaller & nor is your mortgage rate. Hence we offer our active wealth strategy which reduces both as you need to play the game. Of course you can always leave the country which many contemplate & sometime act.
Welcome to call, email or visit our websites if you are unhappy with your current financial progress.
There is always some financial tuning possible before June 30.
John McAuliffe
What have we learnt as we turn 60?
We had to check ourselves when last weekend we heard Barnaby say ‘They have got lovers’ fingers, every thing they touch smells’. We could never have imagined an accountant with we believe three daughters make such an earthy comment on the ‘Henry report’.
When it was followed up with a similar earthy comment from another commentator on PM agenda that ‘the others on the Henry report must have felt they had had a one night stand & must feel slightly used’ then there is a general & genuine feeling of mistrust with all big we know better governments.
There is the unholy Trinity with Kevin Flip Flop bringing out that rent resources super taxx on the miners. It is a taxx on super profits. A super profit apparently occurs when one exceeds the long term = 10 year risk free government bond rate.
Let’s listen to Kevin Flip Flop as he explains it.
Lets all put our money in government bonds because at the rate of government borrowing we are all going to have to so as to sustain big brother government largess to the masses. Greece & Europe & US & UK here we come. There is no reason at all for anyone to risk their money in any investment or activity if there is no incentive. Who said government bonds are risk free & hence we have sovereign risk to add to market volatility.
And what perfect timing so as to whack the values of everyone’s retirement nest egg.
Here is one email we received this week & Jean is not a client.
Hi John
I really do need your advice now as I have managed funds with Colonial First State in Global Resources which is in the mining sector and with the government’s introduction of 40% of the profits to be taken to fund the increase in Super I am concerned about what I need to do.
My phone number is XXX
Thanks
Jean
And today’s client email
Hi John,
I'll be away from 12 May - 27 June so I'd be glad to catch up sometime in mid- July.
I've attached April homework.
Thanks for your advice this year. It's been very predictive of what has happened. It looks like the PIIGS can't fly. Hope the euro stays down but not the market.
Regards
Kerry
Why would anyone in their right mind contribute any more money into superannuation when its going to be destroyed as it has in the last week? They are only going to because they have to. Therefore it’s a taxx because you can’t spend it & you have the choice of government with their proposed low cost low return fund or if they had their way an industry fund. If you don’t vote Labour then why are you in an industry fund? They are not a charity & who pays for all their advertising. You certainly wouldn’t want their advice. However we remember Don Chipp phrase & it’s why they want us out.
We have also been given the next blow to the family budget by the RBA who increased the cash rate to 4.5% & hence your mortgage rate to close to 7 %. Where is a family going to find that extra $50pw? Hence they are closer to mortgage stress as are 90,000 others. The banks don’t want that because that means selling & hence down go house prices. This is what has happened everywhere else globally.
Of course the banks had their semiannual results which gave Kevin Flip Flop the opportunity to pass the heat off him & onto the banks. It was so predictable. Then there was the suggestion that maybe the banks should be also super taxed. This could be argued as they have been ‘gouging’ on the back of the government guarantee. Where again does your super invest in & what is that going to do to your retirement values.
Then we read that customers are unhappy with their banks. Well it is always possible to change banks & we do offer better rates through our preferred partner. Give us a call on 07 3848 1088 or an email.
We could attempt to list the other big government knows better stimulus spending failures. Those that come to mind are the rort of the insulation & the Julia’s BER schools programme, the flip flop on the ETS, the destroying of TLS share price with the 42B +/-NBN which only 30% may subscribe to, 100m on swine flu …. It’s your money that is wasted.
Taxx kills growth & hence you have lost wealth, taxxes won’t reduce & interest rates will continue up by another 0.5%.
The other side is no different as the coalition spent 93% of it revenues. All government can’t help themselves & the Western model of government promises is breaking down as it is a Ponzi scheme.
We are more comfortable with the Norwegian model where the taxxes on oil goes into a separate ‘Future Fund’ & away from big government hands. The Swiss also have an idea where the new migrants only pay 10% flat taxx but have no entitlement to health or social security.
We understand that Kevin Flip speaks Mandarin & hence he might understand why China is in the position it is. Simply it saves. E.g. A huge % of new property is bought with no borrowing. However a China bubble is due to burst.
Our thoughts on turning 60 today is that daughters fib but the big boys lie & don’t ever confuse wants with needs.
Other events today are Naplan & we ask Julia why it will take months before our daughter’s results are known. Julia & the teachers flip flopped this week also. We have swan bumps in anticipation of Wayne’s platitudes.
We must play as the coach Robbie Deans says. ‘Play what’s in front of you’. Your taxx is not going to be any smaller & nor is your mortgage rate. Hence we offer our active wealth strategy which reduces both as you need to play the game. Of course you can always leave the country which many contemplate & sometime act.
Welcome to call, email or visit our websites if you are unhappy with your current financial progress.
There is always some financial tuning possible before June 30.
John McAuliffe
You can now team up with the Global leader in Real Estate
You can now team up with the Global leader in Real Estate
Australia could well be in a sweet spot with China helping us boom & hence that other great Australian dream of a rental property could be right.
Australians living in prosperous times, says CommSec
Hence after a national search you have the opportunity to team up with a global leader in real estate.
CB Richard Ellis
• Listed on NYSE
• 300 offices & 33,000 employees
• 264 Billion in global transactions in 2007.
• $5.1 billion in revenue in 2008
• Leadership position in virtually all of the world’s key business centres.
• ….
Hence CBRE can provide you an opportunity for Sydney & Australian premium residential properties.
• An alternative for you other than your local area & agent.
• This ensures the right outcome is achieved for your long term objectives.
• They comment that whilst Brisbane’s residential vacancy rates is increasing this is not so in Sydney & Melbourne where it remains tight.
• Strong underlying demand for housing in 2010+.
• Rising house prices will support demand for rental accommodation.
• The popularity of central city markets to remain high.
• Over 50% of rental properties are bought within a 7km radius of the family home. Is that diversification?
• Internationally investment can be sourced for you.
They have selected reputable partners for your conveyancing, property management with fees @5.5%, depreciation schedules @$300 and property information reports.
These all provide you with extremely competitive fees.
Current & upcoming projects for you are apartment developments 5-10km from city.
They are landmark projects designed to suit their geographical location with a strong market movement towards mixed use developments.
You would be enthused with the property on the original site of the Dee Why hotel. 1 bedroom units are from 415K to 490K & 2 bedrooms are from 545K to 640K. I.e. commercial has 6,000 sqm & retail has11, 000 sqm.
Another option for you is on the Pentridge Goal site which when completed will be worth 1 billion and many apartments have city & district views. It has an EDS focus with 1 bedrooms from 225K to 342K. 2 bedrooms are from 315K to 585K.
As you can imagine this is a smattering of what is available through a global leader in Real estate. As you would expect we can provide all the tools & research you require.
If you are looking for landmark property either for your own home or as rental property then here is an opportunity. You will be provided an end to end solution.
As these is only as suggestions on what is available from us & to discuss what is available for you in more detail then welcome to call on 07 3848 1088, email or visit our website.
John McAuliffe
Australia could well be in a sweet spot with China helping us boom & hence that other great Australian dream of a rental property could be right.
Australians living in prosperous times, says CommSec
Hence after a national search you have the opportunity to team up with a global leader in real estate.
CB Richard Ellis
• Listed on NYSE
• 300 offices & 33,000 employees
• 264 Billion in global transactions in 2007.
• $5.1 billion in revenue in 2008
• Leadership position in virtually all of the world’s key business centres.
• ….
Hence CBRE can provide you an opportunity for Sydney & Australian premium residential properties.
• An alternative for you other than your local area & agent.
• This ensures the right outcome is achieved for your long term objectives.
• They comment that whilst Brisbane’s residential vacancy rates is increasing this is not so in Sydney & Melbourne where it remains tight.
• Strong underlying demand for housing in 2010+.
• Rising house prices will support demand for rental accommodation.
• The popularity of central city markets to remain high.
• Over 50% of rental properties are bought within a 7km radius of the family home. Is that diversification?
• Internationally investment can be sourced for you.
They have selected reputable partners for your conveyancing, property management with fees @5.5%, depreciation schedules @$300 and property information reports.
These all provide you with extremely competitive fees.
Current & upcoming projects for you are apartment developments 5-10km from city.
They are landmark projects designed to suit their geographical location with a strong market movement towards mixed use developments.
You would be enthused with the property on the original site of the Dee Why hotel. 1 bedroom units are from 415K to 490K & 2 bedrooms are from 545K to 640K. I.e. commercial has 6,000 sqm & retail has11, 000 sqm.
Another option for you is on the Pentridge Goal site which when completed will be worth 1 billion and many apartments have city & district views. It has an EDS focus with 1 bedrooms from 225K to 342K. 2 bedrooms are from 315K to 585K.
As you can imagine this is a smattering of what is available through a global leader in Real estate. As you would expect we can provide all the tools & research you require.
If you are looking for landmark property either for your own home or as rental property then here is an opportunity. You will be provided an end to end solution.
As these is only as suggestions on what is available from us & to discuss what is available for you in more detail then welcome to call on 07 3848 1088, email or visit our website.
John McAuliffe
“If we can't improve your current home loan situation, we'll give you $100 for your time.”
“If we can't improve your current home loan situation, we'll give you $100 for your time.”
“If we can't improve your current home loan situation, we'll give you $100 for your time.”
After a national wide search this is what our newly appointed loan partner & mortgage provider offers.
We recently compared rates for a major client. The banks rates were 0.3% higher than our new partner. What would that mean to you per month?
They have been the Money magazine winner 3 years in a row with the lowest home loan rates in Australia.
But they offer more than that
• They are independent with no alignment to any other financial institution.
• They are multi award winning
• They consistently offer product innovation & competitive pricing
• They tell you what others don’t want you to know
• They were founded in 1998.
• They have access to banks, non banks & wholesale funders.
• They provide home buyers with loan packages to better suit their needs
• Unique products such as a fixed rate mortgage with the full flexibility of converting between fixed or variable [whichever is lower at the time with no cost]
• Credit cards at home loan rates [how does this compare to WBC]
• An additional 10K on top of their mortgage not calculated in the LVR e.g. 80% + 10K potentially saving thousands of dollars in lenders mortgage insurance.
• In house approvals that as mortgage manager control the whole process.
• Access to a credit relationship manager.
• A full range of loans for your situation.
Points of differentiation
• Interest only up to 15 years
• Telephone & internet access
• 100% offset account
• Additional payments allowed
• Weekly or fortnightly or monthly payment options
• No monthly or annual fees
• Free withdraw & free switching
• No loan mortgage insurance.
We could embellish further but could your situation be improved with 1 call.
All with 1 application & 1 credit check
Remember we recently compared for a major client. The banks rates were 0.3% higher. What would that mean to you per month?
Welcome to call on 07 3848 1088 or email or visit our websites.
John McAuliffe
“If we can't improve your current home loan situation, we'll give you $100 for your time.”
After a national wide search this is what our newly appointed loan partner & mortgage provider offers.
We recently compared rates for a major client. The banks rates were 0.3% higher than our new partner. What would that mean to you per month?
They have been the Money magazine winner 3 years in a row with the lowest home loan rates in Australia.
But they offer more than that
• They are independent with no alignment to any other financial institution.
• They are multi award winning
• They consistently offer product innovation & competitive pricing
• They tell you what others don’t want you to know
• They were founded in 1998.
• They have access to banks, non banks & wholesale funders.
• They provide home buyers with loan packages to better suit their needs
• Unique products such as a fixed rate mortgage with the full flexibility of converting between fixed or variable [whichever is lower at the time with no cost]
• Credit cards at home loan rates [how does this compare to WBC]
• An additional 10K on top of their mortgage not calculated in the LVR e.g. 80% + 10K potentially saving thousands of dollars in lenders mortgage insurance.
• In house approvals that as mortgage manager control the whole process.
• Access to a credit relationship manager.
• A full range of loans for your situation.
Points of differentiation
• Interest only up to 15 years
• Telephone & internet access
• 100% offset account
• Additional payments allowed
• Weekly or fortnightly or monthly payment options
• No monthly or annual fees
• Free withdraw & free switching
• No loan mortgage insurance.
We could embellish further but could your situation be improved with 1 call.
All with 1 application & 1 credit check
Remember we recently compared for a major client. The banks rates were 0.3% higher. What would that mean to you per month?
Welcome to call on 07 3848 1088 or email or visit our websites.
John McAuliffe
Why not Zero taxx on your Super? Taxx is your biggest fee on your super.
Why not Zero taxx on your Super?
Taxx is your biggest fee on your super.
Why not a zero contribution taxx on your super? This is a question that you should ask all politicians who are so good at doling out your money.
We have also asked this other question before of Beasley 11 years before he had to be wheeled to the White House. Why not remove the 15% taxx on the earnings of a super fund. Yes we didn’t get an answer then but we live in hope. Why should we propose again this simple & elegant solution?
Simply as last week end the Australian headlined “the Great super delusion”. Telling us what we all know that we will have an insufficient amount in capital to retire on & hence baked beans & bourbon for our last chapters.
W/E Australian.13-14/03/2010,
“Despite compulsory superannuation, most Australians don’t have anywhere enough cover & the government so far lacks an answer.”
Or again
“The vast majority of Australians are going to retire on less money than they can live on”
There are 3, yes only 3 reports into superannuation & we hold our breath.
“Superannuation minister Chris Bowen says the governments response will be guided by 4 principles i.e. simplicity, efficiency, equity & adequacy.”
We suggest that removing the 15% contribution taxx & the 15% taxx on the earnings on your super satisfies these 4 principals easily & doesn’t need another committee to report on the report
It is certainly simple
It is efficient
It is your money
& it maybe be adequate if given time to compound
Of course the government throws all sorts of political & red herrings which require other articles to answer. To do so would distract from the solution to your superannuation shortfall.
Why do most not contribute to the maximum allowed under the current i.e. today’s caps.
Simply they don’t have any spare funds if they earn less than 90k+ per family. The average family is struggling under debt which sucks 25% of their income. The government sucks a similar amount. Then there are the indirect taxes such as rates, Medicare levy, medical insurance premiums, utilities costs, fines and others. Not much left. They also don’t trust any government who can manipulate super. What is your TFN for?
If the government didn’t taxx your super for someone’s pension or health or schooling then you could look after yourself. Isn’t that simple? After all if you can’t invest or spend your super then it is another taxx.
The unions’ suggestion for a 15% SGC or the super funds associations call for 12% is nonsense[ambient claim] & just a blatant grab for control of your money. Don’t tell me the unions & industry funds do it for nothing.
Thus to achieve the goal of a million in capital to look after your own responsibilities & to pay down that mortgage faster requires a simple & elegant solution i.e. our active wealth strategy. This address’s your taxx & mortgage challenge simultaneously. We have an answer to the government & another answer to your problem.
This is unless any government reduces the taxx on your super. After all this is your biggest fee on your super.
What has Henry said to Kevin?
Welcome to call or email or visit our websites.
John McAuliffe
Taxx is your biggest fee on your super.
Why not a zero contribution taxx on your super? This is a question that you should ask all politicians who are so good at doling out your money.
We have also asked this other question before of Beasley 11 years before he had to be wheeled to the White House. Why not remove the 15% taxx on the earnings of a super fund. Yes we didn’t get an answer then but we live in hope. Why should we propose again this simple & elegant solution?
Simply as last week end the Australian headlined “the Great super delusion”. Telling us what we all know that we will have an insufficient amount in capital to retire on & hence baked beans & bourbon for our last chapters.
W/E Australian.13-14/03/2010,
“Despite compulsory superannuation, most Australians don’t have anywhere enough cover & the government so far lacks an answer.”
Or again
“The vast majority of Australians are going to retire on less money than they can live on”
There are 3, yes only 3 reports into superannuation & we hold our breath.
“Superannuation minister Chris Bowen says the governments response will be guided by 4 principles i.e. simplicity, efficiency, equity & adequacy.”
We suggest that removing the 15% contribution taxx & the 15% taxx on the earnings on your super satisfies these 4 principals easily & doesn’t need another committee to report on the report
It is certainly simple
It is efficient
It is your money
& it maybe be adequate if given time to compound
Of course the government throws all sorts of political & red herrings which require other articles to answer. To do so would distract from the solution to your superannuation shortfall.
Why do most not contribute to the maximum allowed under the current i.e. today’s caps.
Simply they don’t have any spare funds if they earn less than 90k+ per family. The average family is struggling under debt which sucks 25% of their income. The government sucks a similar amount. Then there are the indirect taxes such as rates, Medicare levy, medical insurance premiums, utilities costs, fines and others. Not much left. They also don’t trust any government who can manipulate super. What is your TFN for?
If the government didn’t taxx your super for someone’s pension or health or schooling then you could look after yourself. Isn’t that simple? After all if you can’t invest or spend your super then it is another taxx.
The unions’ suggestion for a 15% SGC or the super funds associations call for 12% is nonsense[ambient claim] & just a blatant grab for control of your money. Don’t tell me the unions & industry funds do it for nothing.
Thus to achieve the goal of a million in capital to look after your own responsibilities & to pay down that mortgage faster requires a simple & elegant solution i.e. our active wealth strategy. This address’s your taxx & mortgage challenge simultaneously. We have an answer to the government & another answer to your problem.
This is unless any government reduces the taxx on your super. After all this is your biggest fee on your super.
What has Henry said to Kevin?
Welcome to call or email or visit our websites.
John McAuliffe