Julie's Blog Posts


A new government = more tampering with superannuation. Whilst I recognise that we have a country to run and a budget to meet - why is that the superannuation members of Australia seem to have a target on them? Look it's early days and we really don't know what is going to change - I read the article attached below in the Financial Review on 23 February and it's a bit of an eye opener on what is potentially on the table.
What is clear is that constant changes to the superannuation tax settings erode confidence in the system and discourage members from making long-term savings plans.
I guess at this very early stage... it's just 'watch this space' with your heart in your mouth :-(
Regards,
Julie



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It is definitely no fun watching your hard earned money dropping in value when we are in the middle of economic turmoil, like we are right now! There is no magic balm to take that pain away and the real secret is to stop watching the markets daily when you know that your overall strategy is well thought out - you really do just have to hang in and stay the course!
I love reading economic articles where Commentators make predictions and comment on where the marketse are & what they might do next... but understand that is all they are - just an opinion and they do not always get it right! I read a recent article in the Financial Review that summarised this observation better than myself.... take a read here.
You cannot control the markets - you cannot accurately time the markets - the only thing you can control is your reaction to it all. Stay calm and stay seated. And if you are a client of mine and still need a chat about it all... pick up the phone.

