• By Kofkin Bond & Co / May 30, 2019

    No-one in their right mind would invest purely in a single asset class. Most people are invested in what is called a “balanced” portfolio that contains 60-70% of their assets in equities.

    “Balanced” is one of those words that create a feeling of comfort and lack of danger. It’s a bit like the way “gaming” has replaced “gambling” or “climate change” took the place of “global warming”. The effect is the same no matter what you call it. The perception, however, is completely different.

    So people invested in “balanced” funds should be able to assume that all their risks are equally weighted, in the way that a seesaw is balanced when two children are on either side. When one child goes up, the other child goes down and vice versa. That’s balance.

  • By Kofkin Bond & Co / May 17, 2019

    The final days are drawing near as Australia readies itself to vote.

    The tax has been one of the main battlegrounds for the two major parties, with Labor’s proposed taxation policies set to make sweeping changes to franking credits, capital gains tax and negative gearing.

    Here’s Kofkin Bond & Co’s guide to what the proposed changes could mean for you if Labor gets elected.

    ·        Franking Credits

    ·        Capital Gains Tax

    ·        Negative Gearing

     

  • By Kofkin Bond & Co / May 3, 2019

    Glenn Freeman  |  03 May 2019

     

    Utilities and infrastructure companies are usually described as a “defensive” asset class because they deal in long-term contracts that help them ride out volatility – a factor that also affects their reaction to interest rate movements.

    And like property trusts, utilities and infrastructure companies also have bond-like characteristics: they may not grow very quickly, but they provide a reliable income stream over the longer term.

  • By Willard Lloyd / March 7, 2019

    Australian expatriates have been offered some relief after a Full Federal Court decision against the ATO in a tax residency case clarified the definition of “permanent place of abode”.
    Harding v Commissioner of Taxation, ruling that the taxpayer’s “temporary” apartment qualified as a “permanent place of abode” under the tax residency test and was not liable for tax in Australia.

  • By Kofkin Bond & Co / February 12, 2019

    Whether it be a job opportunity or change of scenery, any Australian looking to gain employment overseas should seek strategic financial advice before their departure in order to understand, and potentially avoid, any lasting financial impact that may be difficult to unwind as a result of different rules and regulations impacting their status. 

  • By Kofkin Bond & Co / January 21, 2019

    The Commonwealth Bank and the Melbourne Institute: Applied Economic and Social Research at the University of Melbourne, released a new benchmark measure of financial wellbeing of it stating weighing on the minds of a large number of Australians is their challenges of managing personal finances and putting enough money aside to ensure their financial futures. 

    What is the CBA-MI financial scale? 

    The scale combines banking data and peoples’ perceptions about financial outcomes.  The unique concentration of the individuals perception with the banking data reveals the barriers, drivers and behaviours that are linked to positive financial well being across both ‘self-reported and ‘observed’ scales. 

  • By Kofkin Bond & Co / January 16, 2019

    From how the dollar will perform, to whether we should invest in property or shares, despite the past record of forecasters often ‘getting it wrong’, or playing it safe, consumers will continue to seek market predictions, almost as if they are searching to find that one person with the crystal ball.

    Using last year as an example, many experts, including Mike Wilson from Morgan Stanley, predicted tech stocks would continue to head the market, allowing it to remain strong.  What happened? The likes of Apple and Facebook fell over 40% from their highs. Even the S&P 500 ended the year well below the predicted 2840 with a concluding result of 2500.

    So why are the experts so often wrong? To put it simply, it’s because they generally fall into two categories, and either way, they are playing it safe.

  • By Kofkin Bond & Co / December 12, 2018

    For around 12 months we have believed that Australian and Global equity markets have been extremely overpriced and riding on the strength of euphoria as we couldn’t find many opportunities for growth.

    We had always been saying that the Australian and US equity markets have been overvalued and thus very early on had little exposure to both asset classes. Most Australian investors who aren’t our clients have a love affair with domestic and US shares thus seeing very large declines in their portfolios over the past 3 months {-12% to -22%}

  • By Kofkin Bond & Co / December 5, 2018

    An announcement by Congress, concerning the current status of the E3 Visa, left a vicarious feeling amongst Australians planning on making the move to the USA.  As it stood, the E3 visa came as a part of a 2005 Australian-US fair trade agreement under the Bush administration.  It had become the envy of many nations as, unlike many other visas, it allows its recipients, and their spouse, to work within the US unrestricted and has unlimited renewals.  The Visa is relatively cheap and allows Australians to by-pass many other applicants attempting to gain entry in the US.  To qualify applicants must be employed in a specialty occupation, have a legitimate offer of employment in the US, and possess the necessary academic or other qualifying credentials. 

  • By Kofkin Bond & Co / December 5, 2018

    Attractive advertising, paired with an individual desperation, is what helps to fuel the seduction of Payday (short-term) loans, and they are quickly becoming a menace to our society; more often than not leading people into a worse financial situation than where they began. 

    Payday loans in Australia are part of the small loans market.  Statistics show that many people who apply for such a loan are already in financial hardship. They may have even already tried to apply for a small personal loan through a banking institution and been denied a loan.  The national consumer credit protection act mandates that all lenders ensure that the person applying for a loan can afford to repay the loan without substantial financial hardship.  Payday companies are not required to make such assurances for their clients and have made access to small loans of under $2000 increasingly easier with their online presence.

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