‘Investing’ Category

China: What you need to know

China: What you need to know

Market update…

The Chinese share market has fallen dramatically in recent months. So what does this mean for you?
Read more here

Rick Maggi
Westmount Financial
Clear Focus. Better Solutions.

Inspirational quotes about ‘independence’…

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“I didn’t get here by dreaming or thinking about it. I got here by doing it.”

Estée Lauder, co-founder of Estée Lauder Companies

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“If you don’t go after what you want, you’ll never have it. If you don’t ask, the answer is always no. If you don’t step forward, you’re always in the same place.”

Bestselling-romance author Nora Roberts

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“Decide what it is that you are and then stay true to that thing. My brand is based very much on how I live my day-to-day life.”

Rachael Ray, businesswoman and TV personality

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“I enjoy the independence of single-handling a boat. I like controlling the elements, making the wind and the waves and the water work for me.”

Co-founder of CanWest Global Communications Gerry Schwartz

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“We must have a theme, a goal, a purpose in our lives. If you don’t know where you are aiming, you don’t have a goal. My goal is to live my life in such a way that when I die, someone can say, ‘she cared.'”

Mary Kay Ash, founder of Mary Kay cosmetics

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“I believe in benevolent dictatorship, provided I am the dictator.”

Richard Branson, serial entrepreneur and founder of Virgin Group

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“Remembering that I’ll be dead soon is the most important tool I’ve ever encountered to help me make the big choices in life. Because almost everything — all external expectations, all pride, all fear of embarrassment or failure — these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.”

Steve Jobs, co-founder and former CEO of Apple

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“If you want to be an entrepreneur, it’s not a job, it’s a lifestyle. It defines you. Forget about vacations, about going home at 6 p.m. Last thing at night you’ll send emails, first thing in the morning you’ll read emails, and you’ll wake up in the middle of the night. But it’s hugely rewarding, as you’re fulfilling something for yourself.”

Niklas Zennström, co-founder of Skype

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“I learned I’m not a good executive. I’m an entrepreneur, and I’m creative. I have to go with my gut and do what I want to do.”

Former CEO of United Artists and film producer Jerry Weintraub

Rick Maggi
Westmount Financial
Clear Focus. Better Solutions.

Greece after the “no” vote

Greece after the “no” vote

Should you be worried?

As generally expected, the “No” vote won the day, with over 60% of Greeks rejecting further ‘austerity’ measures. So clearly it’s back to the negotiating table, for now. So what does this mean for investors going forward. Read more here

Rick Maggi
Westmount Financial
Clear Focus. Better Solutions.

Tax concessions and tax reform in Australia

Tax concessions and tax reform in Australia

A well balanced commentary…

As house prices rise and/or when economic activity slows, the inevitably cries for tax reform can be heard from both sides of politics. This note focuses on the debate around the four major “tax concessions” in Australia – negative gearing, capital gains tax discounts, dividend imputation and, of course, superannuation. Read more here

Rick Maggi
Westmount Financial
Clear Focus. Better Solutions.

The Australian economy…

The Australian economy…

Where are we headed?

As local markets slide and interest rates fall, it would be easy to assume that Australia’s fortunes have taken a sudden turn for the worst. That would be a mistake. Read more here

Rick Maggi
Westmount Financial
Clear Focus. Better Solutions.

Don’t look back – what drives potential returns?

Don’t look back – what drives potential returns?

A medium term view…

AMP Capital’s Dr Shane Oliver discusses the thinking behind their investment projections, and offer some interesting insights for the medium term.

This is an excellent read for retirees and investors – a little technical in parts, but worth persevering. In the end, I think the most important takeaway is that we should have reasonable return expectations going forward, and watch your asset allocation more than usual. Please call me if you have any questions.

Read more here

Rick Maggi
Westmount Financial
Clear Focus. Better Solutions.

EOFY strategies to consider, right now…

EOFY strategies to consider, right now…

A checklist

With just over a month to go, and the Federal Budget behind us, now is the time to prepare for the end of the financial year. Created by AMP, this is an excellent link for those clients needing a checklist. As you would expect, it’s AMP-centric, but the fundamentals are universal. As always, feel free to call me personally if you’d like to take a closer look at your personal situation. Read EOFY checklist

Rick Maggi
Westmount Financial
Clear Focus. Better Solutions.

Correction time?

Correction time?

Or something worse?

The last few weeks have seen the investment scene hit another rough patch. So is this just a seasonal glitch or something more sinister in the making? Read more here

Rick Maggi
Westmount Financial
Clear Focus. Better Solutions.