Meet Sarah Forrest – Inspiring True Story

  Sarah walked into the Profusion Planning office at the beginning of this year and we believe will never look back! Sarah, like many of her peers don't believe they really need financial advice at their stage of life however, we our help Sarah now has a clear financial plan, goals and an excellent road ahead. We asked Sarah to share her life journey with you, we trust you enjoy her story. When someone says the word ‘money’ to you, how do you feel about it? What emotions, feelings do...

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Do you want growth or income or both?

If you own an investment property you will be aware that the return from the investment comes from two sources: income in the form of rent paid by the tenant and growth in the form of an increase in the value of the property while you own it. Likewise, from a share investment, an investor can receive dividends (income) and capital gain (growth). Many investors who buy shares and property focus on the growth potential with income being a beneficial addition. On the other hand, investments such...

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Shares or Managed Funds?

Two popular assets Australians invest in, either directly or through their superannuation, are direct shares or managed funds. But how do you decide which is the better option for you? While there is no easy answer to this question and this decision should always be based on many other questions, it’s important to recognise that each option has its merits, and that their suitability (or otherwise) is often a matter of personal preference. Shares and managed funds are similar in that they...

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Hitting 40 soon? Follow these simple rules

If you’re hitting 40 soon, the above image may take you back to the playground and the must have shoes of the day! But how does one of the greatest basketball shoes made, fit with financial planning? It doesn't really, other than to highlight the fact that if you're in this age group, you should be thinking about your future retirement more seriously, seriously! Every money decision you make can have a huge impact on your retirement plans. Take a closer look at your financial position and see...

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End of Financial Year Planning Tips

With June 30 fast approaching you should consider whether any of the below strategies are appropriate for you: Concessional Contributions There are limits on the level of concessional contributions that can be made each year. The current limit is $25,000 unless you’re 50 or older, in which case your limit is $50,000. Amounts contributed above these limits will be taxed at an additional 31.5% and will count towards your non-concessional contribution limits

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