162. Market Wrap
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! We are back again with our monthly ‘Market Wrap’ segment. In this episode, we talked about post-US election market impacts. We start off with the positive response of the U.S. stock market, which reached all-time highs, and discuss the soft economic landing, resilient labor market, and potential inflation concerns if certain policies are enacted. We’ll also talk about challenges in Europe, where deflation concerns may lead to lower interest rates, and China's focus on boosting domestic demand to meet growth targets, which...
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161. Purchasing a Property Using Super
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss the intricacies of purchasing property using superannuation, particularly through a Self-Managed Super Fund (SMSF). We outline the fundamentals of SMSFs, including the flexibility they offer within the confines of superannuation legislation, as well as the responsibilities involved, such as managing contributions and undergoing annual audits. Also, we cover the costs associated with establishing an SMSF and the potential for property investment, emphasizing the strict regulations that prohibit...
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160. Refinancing Considerations
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode we discuss the key considerations around refinancing a mortgage, especially in light of potential interest rate reductions. We cover various factors, including negotiating with your existing lender, the "loyalty tax," and the pros and cons of fixed versus variable rates. Also, we dig deeper into using offset accounts, interest-only loans, and the importance of having a strategy for debt repayment. Finally, we emphasize being mindful of loan terms when refinancing, as extending the loan period can result in...
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159. Choosing The Right Superfund
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss the importance of paying attention to superannuation, as 12% of an employee's income is allocated to it. We explain that superannuation is a tax-effective trust structure designed to help grow wealth for retirement. Also, we explore various types of superannuation funds—industry, retail, wrap platforms, and self-managed super funds (SMSFs)—highlighting their differences in investment options, insurance, and complexity. Furthermore we emphasize the need to review your super fund as life...
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158. Market Wrap
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! We are back again with our monthly ‘Market Wrap’ segment. In this episode, we discussed the significant movements in the investment markets, highlighting the 5.18% rise in the S&P 500 over the last month, driven by factors such as East Coast dockworkers' strike resolutions and U.S. interest rate cuts. Additionally, we touch on China’s economic stimulus efforts, its potential global impacts, and the Australian market's growth. Furthermore, we tackled into the potential effects of the upcoming U.S. election on the...
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157. Downsizing as a Retirement Strategy
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we explore downsizing as part of a retirement strategy. We discuss why retirees often choose to downsize, such as reducing space and maintenance needs, and the financial benefits like unlocking equity from the family home to boost retirement income. The downsizer contribution allows those over 55 to contribute up to $300,000 (or $600,000 for couples) to their superannuation, providing tax-free retirement income opportunities. Lastly, we touch on strategies like purchasing a downsized property early to...
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156. Growing Your Superannuation
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss superannuation and the strategies for growing it effectively. We address the importance of starting early, making consistent contributions, and understanding the tax advantages associated with superannuation. We answer common questions, such as why superannuation is a powerful investment tool and the benefits of tax-free income during retirement. Additionally, we highlight the importance of balancing super contributions with other financial priorities, like debt repayment or personal...
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155. Investment Mistakes to Avoid
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss common investment mistakes that many investors make and how to avoid them. We highlight the importance of having a long-term investment timeframe, setting realistic expectations, and not getting caught up in market noise. We also emphasize the value of diversification to manage risk and the significance of time in the market over trying to time the market. Additionally, we explore the risks of not investing, the importance of controlling emotions, and the need for a clear investment...
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154. Market Wrap
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! We are back again with our monthly ‘Market Wrap’ segment. In this episode, we discuss the latest market trends, focusing on various global and domestic economic factors impacting investment decisions. We begin with a wrap-up of the U.S. market, highlighting a 4.36% increase in the S&P 500 driven by optimism around potential interest rate cuts by the Federal Reserve. We then touch on the Australian market, noting a 2.05% rise in the ASX 200, despite fluctuating commodity prices and uncertainties surrounding the RBA's...
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153. Do I Sell Property in VIC
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss the current state of the Victorian property market. We explore the growing concerns among property owners about whether to sell or hold onto their properties in Victoria, driven by a recent dip in the market and policy changes, particularly regarding land tax and rental standards. We also analyze historical growth rates, compare Victoria’s market performance to other Australian states, and discuss the long-term prospects for property investment in the...
info_outlineWelcome back to another episode of the 360 Money Matters Podcast!
In this episode, we advise listeners like Danielle, who has settled on a property and mortgage and wants to know what some of the things are that she should be considering next. We stress the need for a cash flow management strategy to ensure affordable mortgage payments and achieve savings goals. Insurance coverage is essential, including life insurance, permanent disability cover, income protection, and building/contents insurance. Building an emergency fund is crucial for handling unexpected costs. Also, seeking personalized advice is recommended to determine whether to focus more on debt elimination or wealth creation strategies based on long-term financial goals.
Tune in to our latest episode where we address essential steps for new homeowners like Danielle, covering budgeting, insurance, and long-term financial planning. Don't miss out !
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights
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Practical next steps after settling on first property and mortgage
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Concept of cash flow system
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Risk management and the need for a strategy
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Setting new goals after purchasing the first property
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Importance of building wealth for retirement
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Various approaches to wealth creation and retirement planning
Connect with Billy and Andrew!
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