On Friday, I met up with a friend and asked him what he was doing on the weekend. My friend told me that he had some money he wanted to invest and was doing an online seminar to learn more about the options. I was immediately interested in finding out more. The seminar was provided …
Author Archives: Nigel Janson
SMSF is by far and away the most popular type of Superannuation fund with the largest in number and average account balance. It’s the fund of choice for most wealthy investors. The main advantages of an SMSF are: Can use borrowed funds to gear your investments. Can invest in Direct Property and other assets not …
Most legal services are transactional and a lot of clients will only use your services once. In normal times, a good professional largely wouldn’t need to undertake marketing because there are always new clients who need help with their problems. Now that times have become challenging, nothing is happening. If you want to generate revenue …
We started the new financial year in optimistic spirits but the second wave in Melbourne has dented it somewhat. Are we doomed to a long period of low returns? Market Returns to 31 July 2020 6 Months 1 Year 3 Years 5 Years 10 Years Australian Shares -13.62% -9.02% 5.69% 5.54% 7.43% International Shares -7.06% …
The first 7.5 months of the 2019/2020 financial year were benign with the Australian sharemarket delivering a return of around 6%. Then the Covid-19 crisis hit home and the market fell by 33% in the space of 4 weeks. It has subsequently recovered by 25% to end the year down by 7.2%. This was an …
Not planning out your cashflow All professional services firms have an issue with work in progress, billing and accounts receivable. At the best of times it can take 3 months from commencing work to getting paid. Bad debts and late payment are not usually a problem for medical services but the Covid-19 cancellation of elective …
Not planning out your cashflow All professional services firms have an issue with work in progress, billing and accounts receivable. At the best of times it can take 3 months from commencing work to getting paid. Some plaintiffs (e.g. personal injury) cannot pay their fees until after their case has settled. If it takes a …
Continue reading “5 Bad Financial Decisions Barristers make”
I received a call the other day from my friendly BMW Sydney salesperson offering me 20% off a new BMW if I buy it before 30 June. I wasn’t sure if it is the best time to buy a new car but it did make me think about it. There are some steps you need …
Many people have described the economic and medical problems caused by COVID-19 as unprecedented. The phrase “This time it’s different” is used every time we have any kind of crisis. The reality is that it’s not different or unprecedented. There have been pandemics and economic crises throughout history. It’s just that bad events always feel …
Continue reading “How to invest in the time of Corona viruses?”
Jobkeeper wage subsidy The federal government will subsidise employee salaries of $750 per week for a 6 month period commencing on 30 March 2020. This is a total of $19,500 per resident employee. It wont help a business that has no revenue, no cash reserves and no work for employees but will be a big …