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Est enim tanti philosophi tamque nobilis audacter sua

Non quam nostram quidem, inquit Pomponius iocans; Si enim ita est, vide ne facinus facias, cum mori suadeas. Sed residamus, inquit, si placet. Duo Reges: constructio interrete. Ut proverbia non nulla veriora sint quam vestra dogmata. Hic nihil fuit, quod quaereremus. Post enim Chrysippum eum non sane est disputatum. Id enim volumus, id contendimus, ut […]

Share Market or Property Market? Property Pundits Take a Few Hits!

Property or Shares?  The opinionated battle has raged for decades, and of course, there is no nice, simple, neatly-packed-in-your-lunch-box answer!  Everyone has different situations and circumstances, available capital, risk profiles etc. But recently, the gloating of the property advocates over recent years in Australia is perhaps starting to develop some cracks in the armour – […]

Get Rid Of Graham Quirk – Open Letter To Brisbane Residents

Brisbane Residents, It’s Time For Quirk To Leave The BCC House……. When my wife and I moved back to Brisbane, we were so excited to come back to our ‘city with a country feel’, where people talked to each other and where decisions were made locally to meet the needs of the locals. We were […]

Transition To Retirement

A Transition to retirement This is a guest post from My Wealth Solutions The Australian Government has made it possible for you to keep working while drawing down some of your super benefits. The policy, called ‘Transition to Retirement’ (a gradual move to retirement), allows you to supplement your salary and maintain a comfortable lifestyle. […]

Trilogy Funds – Monthly Income Trust

The following is a clear breakdown of just how the Trilogy Monthly Income Trust actually  works. If you are interested in an investment like this you can see a step by step diagram of the whole process, from reading the product disclosure statement right through to how you collect your distribution share. Like all investments, […]

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Est enim tanti philosophi tamque nobilis audacter sua


Non quam nostram quidem, inquit Pomponius iocans; Si enim ita est, vide ne facinus facias, cum mori suadeas. Sed residamus, inquit, si placet. Duo Reges: constructio interrete. Ut proverbia non nulla veriora sint quam vestra dogmata. Hic nihil fuit, quod quaereremus. Post enim Chrysippum eum non sane est disputatum. Id enim volumus, id contendimus, ut officii fructus sit ipsum officium. Si stante, hoc natura videlicet vult, salvam esse se, quod concedimus;

Est enim tanti philosophi tamque nobilis audacter sua decreta defendere. Zenonis est, inquam, hoc Stoici. Eadem nunc mea adversum te oratio est. Item de contrariis, a quibus ad genera formasque generum venerunt. Hos contra singulos dici est melius. Deinde prima illa, quae in congressu solemus: Quid tu, inquit, huc?

Plane idem, inquit, et maxima quidem, qua fieri nulla maior potest. Sic enim censent, oportunitatis esse beate vivere. Atqui iste locus est, Piso, tibi etiam atque etiam confirmandus, inquam; Dicet pro me ipsa virtus nec dubitabit isti vestro beato M. Avaritiamne minuis? Eaedem enim utilitates poterunt eas labefactare atque pervertere.

Sed quia studebat laudi et dignitati, multum in virtute processerat. Dic in quovis conventu te omnia facere, ne doleas. Bonum integritas corporis: misera debilitas. Immo videri fortasse. Quod quidem iam fit etiam in Academia. Sed utrum hortandus es nobis, Luci, inquit, an etiam tua sponte propensus es?

http://www.vampeivarns.com/taterizantery-usu-mel/, nam de summo mox, ut dixi, videbimus et ad id explicandum disputationem omnem conferemus. Si mala non sunt, iacet omnis ratio Peripateticorum. Nam si amitti vita beata potest, beata esse non potest. Ego vero volo in virtute vim esse quam maximam; Haec et tu ita posuisti, et verba vestra sunt.

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Share Market or Property Market? Property Pundits Take a Few Hits!

Property or Shares?  The opinionated battle has raged for decades, and of course, there is no nice, simple, neatly-packed-in-your-lunch-box answer!  Everyone has different situations and circumstances, available capital, risk profiles etc.

But recently, the gloating of the property advocates over recent years in Australia is perhaps starting to develop some cracks in the armour – so to speak – as the property markets in major Australian cities start to experience a cooling down, and in one sector, significant risks of over-supply.

Of course, we’re talking about the inner city apartment markets, particularly those in Melbourne and Brisbane, where there has been massive construction activity in this sector for several years, and showing no signs of abating.

Construction White Card training provider Urban Elearning recently posted on one of their courses’ blogs an interesting assembly of opinions about the apartment market of late, in light of the micro construction boom of city-based and city-fringe apartments emerging out of the ground at a rate of knots.

The article author states:
“But there’s another gremlin in the property market prospects as oversupply of inner city and inner city fringe apartments hits epidemic proportions in the major cities.  iPads, Coles Myer Gift Cards, rent-free periods, and even removal expenses are being offered to entice prospective apartment renters into inner city fringe locations.”

Source: https://www.whitecardonlineexpress.com.au/industry-news/property-outperforming-sharemarket-but-is-there-a-warning/

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Get Rid Of Graham Quirk – Open Letter To Brisbane Residents

Brisbane Residents, It’s Time For Quirk To Leave The BCC House…….

When my wife and I moved back to Brisbane, we were so excited to come back to our ‘city with a country feel’, where people talked to each other and where decisions were made locally to meet the needs of the locals. We were wrong. The BCC, with Quirk at the helm has done its best to quash our lovely city with traffic congestion, inadequate public transport, developments going up left, right and centre with little or no thought to the communities who live there. Some of my old stomping grounds are a mess now with no parking (once you can get through the overcrowded streets!) Something needs to change.

To everyone who is voting in Brisbane, I urge you that this is the most important election in decades, and I urge you not to vote for Quirk.

As I sit here in my lounge room and I wonder what Quirk has done in the last 4 years for Brisbane, I can’t think of a thing that has improved this city or managed its growing pains. On other hand we have had 2 children in that time – so my wife and I have been busy! But I look at Brisbane now and imagine what an extra 200,000 people in the next 4 years is going to do to this city if we continue in this reckless manner, and I am genuinely concerned. As a young kid my Dad told me to vote Labor, I said why and he said, “Because they look after the workers and families – you’ll always be better with Labor,” – so I did for a while. Then I voted LNP because I thought they had a better grip on what is happening in Australia. For a few years I voted for the Greens because I didn’t want to give my vote to either main party. So, I don’t want you to think that this article is political, it isn’t, it’s about the choices we have now for the future of Brisbane and the right person regardless of party!

I don’t believe he has achieved anything of merit for the people of Brisbane in his current term. I don’t believe that Quirk will change his spots and address the needs of the Brisbane community if re-elected. I don’t believe that he is equipped to guide Brisbane into the future with the significant growth forecasted.

I do believe that if re-elected, that the status quo will be maintained, for a short while, thanks to significant funding from rate rises, asset sales and closed-door development approvals – history repeats itself. This is not good enough for you, for me or for my community.

In my research I found a few things I was not aware of, and I thought you might like to be fully informed before going to the polls:

  • Quirk uses over $18m a year of your money on brochures to let us know that he has done nothing. That’s $76 million in 4 years – don’t you think that could be better spent?!
  • Quirk’s BCC has a debt to the tune of $1.7 Billion. Now, I know that most of us think, yeah we would expect BCC to have some debt. So, what’s the issue? In order for the Council to do major works that we need for a growing Brisbane, it’s likely that we will have to borrow lots of money due to its current debt position of $1.7 billion. Quirk is talking about a transport plan of over $1.2 billion. What this means is he will have to borrow over $600 million. That means that your rates will have to go up at least 6 – 8% to cover that expense; that’s an average of  (n) per household to pay for it. Even the RACQ have said that this single lane transit plan will be totally ineffective and therefore Brisbane residents will have to foot the bill to remedy it!

I have looked at the options. The Labor party has come up with a light rail plan that’s about $1.2 billion. Is this a better plan – it’s around the same money? I have not looked into detail of the bottle neck solutions but Harding has been clever from a debt point of view as he has used a precedence for what the Gold Coast City council has done and paid 10% of the cost and the State and Federal Government has put the bill for the rest – so this is a better result for all of us from a rates point of view and still getting infrastructure. Under Harding’s plan they will not have to borrow any money so our rates can maintain their current rate. Will it work? I don’t know and I don’t think either party has explained in enough detail how this transport plan will help us, but already it seems like a more community-responsive and proactive plan.

In relation to Quirk’s $650 million plan for Kingsford Smith Drive (paused for now),Harding has said that he could use that same amount on fixing the traffic bottlenecks in a heap more suburbs than just one area – I tend to agree. The flow-on effect from Quirk’s plan would be paralysing from day 1: imagine 4 – 6 years of development and trying to get to the airport or just onto the gateway and it taking hours. Forget about trying to take public transport as the network is hopeless and the train stations don’t have enough parks – so you can’t catch the train – what a mess! Imagine on world scale that we have tourists coming in and they take hours to get to the city because of the road works, imagine where all of that traffic has got to be rerouted to – Gympie / Lutwyche Road is already over capacity, Gateway already a disaster if there is an accident. That plan is a disaster waiting to happen. I think I’ll go with Harding on that one.

In regards to Quirk – he has a lot to answer for with the land sale debacle. In case you missed it, he was trying to sell a block of land to a LNP donator. I then read in the Courier Mail that he is using the same developer’s cars to promote his election. What else is he hiding that he is not telling us? Money first and the community of Brisbane second– that’s not a council I want to support.

Quirk is tired, out of ideas and I don’t expect any changes from him. It’s time for a change for Brisbane. We need a candidate who can manage the needs of people of Brisbane now and in the future. Who can manage our finances, our environment and our community responsibly? No more handing over your rates payments each quarter and getting nothing in return but a shiny brochure from some man in an ivory tower.

I’m giving Harding a go. I like his track record, he has a solid plan and he has the right energy and focus to get Brisbane back on track. I’m not asking you to vote for him, just please do not vote for Quirk make your vote count on a candidate that you believe will do the right thing for Brisbane – don’t let someone who has failed, get another 4 years to do nothing because we can’t afford that and as Brisbane resident you deserve so much better!

More than any other time you need to contact your candidate through Twitter, Facebook, email, phone or whatever it takes and demand that they give you a better deal on rates that they fix what is wrong with your suburb and get their commitment for you to vote for them. You need to make sure that they deserve your vote more than ever.

The latest Galaxy poll from the Courier Mail on page 16 on Saturday has Harding at 38%, Pennings at 9%, Other at 3% and Quirk at 50%.  On a two party preferred basis Harding is 47% and Quirk is 53%.

On the Courier Mail’s own poll at 7:37pm on the 6th of March here are the stats:

Harding 51.15%

Quirk 43.83%

Pennings 4.3%

Hodges 0.24%

Boele 0.24%

Eldridge 0.16%

Wirth 0.08%

You need to make difference and make Quirk go away – vote for a better candidate today!

#getridofquirk

#sendQuirkbacktotheenterprise

#makeyourvotecount

#Quirkhastogo

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Transition To Retirement

A Transition to retirement

This is a guest post from My Wealth Solutions

The Australian Government has made it possible for you to keep working while drawing down some of your super benefits. The policy, called ‘Transition to Retirement’ (a gradual move to retirement), allows you to supplement your salary and maintain a comfortable lifestyle. You can also use the policy to save tax and boost your super before you retire.

There are a multitude of reasons why many Australian will work past the age of 55. There are many that still need the money to retire. Others would like to be kept busy and flourish with the social interaction and mental stimulation that their job and other work mates offer. Many will slowly reduce their hours at work and ease into retirement.

Making the transition to retirement

There are two ways to use a ‘Transition to Retirement’ (TTR) pension:

  • You can keep working full-time and boost superannuation
  • You can reduce your current work hours to soften the drop in your income

Once you reach preservation age, which may be as young as 55, you have the ability to draw down on a pension from your superannuation even if you are still currently working.

Super and your pension

Although you cannot withdraw as a lump sum, if you’re under the age of 65 and currently still working, you can withdraw a sum of your super to a super pension of between 4% and 10% of your pension account balance each financial year.

If your current fund does not offer opening a pension account, you can open a pension account with different super fund.

Pay less tax

Employer contributions and salary sacrificed contributions are taxed at a low rate when they go into super. This is likely to be lower than your marginal tax rate.

Slow down to retirement

A transition to retirement pension is a good way to supplement your current employment income if your current income is not enough to maintain your lifestyle. This also gives you freedom to spend time doing other things besides work.

Are there any benefits?

Get a financial boost in your super savings.

If your workplace has salary sacrificing, do this to take advantage of pre-tax income going into your super and further boosting your super savings

Did you know that investment returns on a super pension account are not taxed?

Many pensioners do not understand that when you turn 60, you won’t have to pay any tax on your pension income.If you are under the age of 60 you will get a tax rebate on your pension income.

Things you should know

Before setting up a pension for transition to retirement, there are few things you need to consider. You need to understand if this type of income stream is right for your current and future circumstance and whether it works with your overall super plans.

Some points you need to think about:

  • Check your fund type – TTR pensions are only available for members of accumulation super funds.
  • Members of defined benefit funds cannot access a TTR pension.
  • Check on your life insurance policy – If you have life insurance with your super fund, check with the fund or your financial adviser to make sure your life cover does not reduce or cease.
  • Check your social security entitlements – as there may be implications for you or your partner’s pension and other entitlements. Speak to your financial advisor about this.
  • Work out your retirement strategy – Do you want to cut back on work or do you want to boost your super?
  • Decide on your income needs – Take into account all of your income sources to work out how much money you should draw down from your super.
  • Check the tax implications – This depends on many factors, so find out the tax implications for your situation from your financial adviser.

Transition to retirement can be complex, we strongly suggest you discuss your options with your super fund and seek financial advice. My Wealth Solutions offer some great information on all financial planning in Brisbane.

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Trilogy Funds – Monthly Income Trust

The following is a clear breakdown of just how the Trilogy Monthly Income Trust actually  works. If you are interested in an investment like this you can see a step by step diagram of the whole process, from reading the product disclosure statement right through to how you collect your distribution share. Like all investments, you need to make the right decision for your own circumstances. Always seek a professional opinion, contact Trilogy Funds today to find out more about their Monthly Income  Trust.

trilogy funds monthly income trust

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Morning Update – Thursday 30 July, 2015

The Aussie market is poised to press higher again today, after U.S. markets extended gains overnight.

The SPI futures are pointing to a 20 point jump on the open after American stocks closed higher as the Federal Reserve offered no clear indication of the timing of the next rate hike, but left itself room to act as early as September, citing continued “solid” gains in the job market.

The S&P 500 ended up 15.32 points (+0.7%) to 2,108.6, with all 10 main sectors finishing higher.

A jump in oil prices provided support to energy stocks, while industrials and consumer discretionary sector stocks also rallied.

The Dow Jones rose 121.1 points (+0.7%) to 17,751.4, marking the fifth consecutive triple-digit move for the blue-chip index.

The tech-heavy Nasdaq ended the session up 22.5 points (+0.4%) at 5,111.7.

In the commodity space, gold added 0.2%, Brent crude put on 0.6% and iron ore surged 4.6%.

The Aussie dollar retreated and this morning is fetching just shy of 73 U.S. cents.

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Evening Update – Wednesday 29 July, 2015

The Aussie market enjoyed strong gains today, with all major sectors finishing in the green.

Materials plays led the charge, with BHP Billiton (BHP) putting on 2.1%, rival Rio Tinto (RIO) adding 1% and little brother Fortescue Metals (FMG) surging 7.4%.

Healthcare plays also stood out, with CSL Limited (CSL) adding 1.6% and moving within striking distance of the $100 level.

Resemd (RMD) put on 1.5%.

Other sectors posting solid gains were property trusts, IT and consumer discretionary plays.

Only the gold sub-sector finished in negative territory with Newcrest (NCM) the struggler, shedding 1.6%.

On the day the ASX 200 put on 40 points (+0.7%) to settle at 5624.

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Morning Update – Wednesday 29 July, 2015

The Aussie market will start on a positive note today, after U.S. markets snapped a five-session losing streak overnight.

A slowdown in China’s stockmarket rout along with better-than-expected earnings reports proved enough to spark a relief rally on Wall Street.

Traders brushed off softer economic reports, while focusing on the two-day Federal Reserve meeting, which kicked off and concludes tonight with a policy statement.

The S&P 500 index added 25.6 points (+1.2%) to 2,093.25.

The energy sector jumped 3%, following a bounce in oil prices, which settled higher for the first time in five sessions.

The Dow Jones rallied 189.7 points (+1.1%) to 17,630.3, with 27 of its 30 members finishing higher.

Exxon Mobil surged 4.1%, while Chevron rose 3.7%.

The tech-heavy Nasdaq added 49.4 points (+1%) to 5,089.2, as biotechnology stocks rose sharply.

In the commodity space, gold added 0.2%, Brent crude put on 0.8% and iron ore jumped 2.1%.

The Aussie dollar also firmed significantly and this morning is fetching 73.4 U.S. cents.

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First Look – 29 July, 2015

Good morning team, Chris Conway your Head of Research here with your First Look.

The Aussie market looks is poised to open higher later this morning, after Wall Street snapped a five-session losing streak overnight and European stocks were boosted by bargain-hunting after recent China-inspired losses.

The September SPI futures contract is up 28 points, at 5570.

No major local economic news is expected today, although the Newport annual mining business outlook report is released, as is an ANZ study into the difference in earnings between men and women.

In equities news, Beach Energy is expected to release its fourth quarter production report while Programmed has its annual general meeting.

Key numbers:

– SPI futures up 28pts at 5570

– AUD at 73.22 US cents

– On Wall St, S&P 500 1.2%, Dow +1.1%, Nasdaq +1%

– In Europe, Stoxx 50 +1.2%, FTSE +0.8%, CAC +1%, DAX +1.1%

– Spot gold gains $US1.63 or 0.2% to $US1095.61 an ounce

– Brent crude down 42 US cents or 0.8% to $US53.05 a barrel

What’s on today:

Japan retail trade, US pending home sales, Federal Reserve meeting concludes

Stocks in focus:

Negligible top-line growth for Australian general insurers over the past year heralds the onset of a cyclical downturn, the impacts of which are yet to emerge in margins, Deutsche Bank says in a note to clients.

“Against this backdrop, we continue to prefer QBE Insurance QBE (buy) over Suncorp SUN (downgraded to hold) and Insurance Australia Group IAG (hold),” the note says.

UBS has a “buy” on OrotonGroup and a 12-month price target of $2.75.

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Morning Update – Tuesday 28 July, 2015

It’s looking like another tough start for the Aussie market today, after U.S. markets followed Chinese market lower overnight.

The global equity sell-off sparked by a Chinese stockmarket rout spread to Wall Street, propelling U.S. stock indexes to their fifth consecutive session of losses.

Disappointing earnings over the past week and lackluster economic data has put pressure on the main equities, prompting traders to sell risky assets such as stocks and commodities while piling into havens such as Treasurys and gold.

The Nasdaq was hit the hardest, falling 48.9 points (-1%) to 5,039.8.

The tech-heavy index is now 3.4% below its all-time high reached a weak ago.

The Dow Jones fell 127.9 points (-0.7%) to 17,440.6, with 25 of its 30 members finishing lower.

The S&P 500 dropped 12 points (-0.6%), to 2,067.6, with nine of its 10 main sectors finishing lower.

Energy and materials stocks led the losses, while utilities were the lone bright spot, finishing 1.3% higher.

In the commodity space, gold shed 0.6% and Brent oil tumbled 3.1, whilst iron ore bucked the trend to add 1.8%.

The Aussie dollar was little changed overnight and this morning is fetching 72.7 U.S.

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