Brad, Ian & Zak recently attended a three day professional event (poor boys were in the terrible location of the beachfront Gold Coast Sheraton!)
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We came across this interesting comparison of buying Starbucks Coffee everyday to buying Starbucks Stocks everyday.
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Being our clients, you’re obviously good at handling money and your finances. The same isn’t always the case for our clients’ adult children, so the following information may be worth sharing for anyone who thinks it may be of interest to your own family members
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Evolution Financial Cairns office recently held two ‘Aged Care, Estate Planning and Intergenerational Wealth’ seminars; a Wednesday evening session for our clients and interested people, followed by a Thursday morning accountant training session for associated firms we deal with closely.
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Warren Buffet and his long-term business partner, Charlie Munger, are arguably two of the most successful investors in recorded history.
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Most people would have heard that the Labor Government is initially changing some superannuation rules and taxation on super and pensions. At this point it is only targeted to clients with individual balances over $3mill in super or pensions, and will not start until 1 July 2025, possibly after the next election.
We have always anticipated that politicians will look at super as a honey pot for possible taxation revenue. Questions remain whether this is a contagion that will slowly seep downwards to lower balances in due course and what other measures Labor may bring in.
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In October Brad Stewart travelled over to the USA organised by BT and comprised 10 representatives from the best businesses from around Australia.
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In recognition of the high quality of advice offered at Evolution Financial and individual capabilities, both Ian Byrne & Zak Glatthor from the Cairns office were finalists in the IFA National Excellence Awards.
They and Brad Stewart, the firm’s Director and Townsville Principal, attended the gala black-tie Awards presentation event in Sydney. Click for more and to see the results:
Online shopping is convenient and the preferred way to shop for a lot of Australians. But it comes with a risk.
Please read this article from ACSC with tips to ensure you shop online securely.
A great day of learning and fun with Evolution Financial and PVW coming together in Cairns recently.
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Evolution Financial supports the Ronald McDonald House Charity and we enjoyed a fantastic day put on by a great local organisation.
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We came across an interesting article by David Thornton at Livewire Markets sharing his insights on market prophet, Howard Marks of Oaktree Capital.
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You love your home, but it might not be the best fit for you during retirement. Should you sell and downsize or stay and renovate?
As we get older, our needs for housing change. We can develop mobility or health issues that make it harder to maintain gardens or move up and down flights of stairs. When these problems arise, we’re left with the difficult decision: renovate or downsize.
So how do the two compare?
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Each year, our two offices get together for our annual two-day meeting. This is an opportunity for us to discuss our accomplishments from the previous year, share fresh information, plan for the year ahead and have some valuable team building and bonding with one another.
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Since the pandemic in 2020 we have seen the cost of most commodities around the world increase substantially, some to levels never seen before. In particular the start of this year in January saw a huge spike in all commodities up until the end of June as inflation soared around the world.
These charts illustrate a much different story in the past month or so with some retreating back all the way to 2020 pre pandemic levels and others whilst not falling that significantly still saw them coming off their highs substantially.
This bodes well for cash rates in the near future to rise less than anticipated a few months ago, thus making stocks looking more attractive at current levels to investors for when the market recovery does get underway.
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Baron Rothschild, a British banker and politician from the wealthy international Rothschild family, once said “Buy when there’s blood in the streets, even if the blood is your own”. In other words, the best time to buy is when the markets run red and everyone else is selling, “when there is blood in the streets.” This article gives a good explanation of common mistakes, the emotions and why it is so hard to do for most people. (Interestingly, this was written at the worst period of COVID19 in early 2020 when doomsayers were predicting a world-wide collapse)
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It has been an exceptionally busy 6 months for us, not only with our usual client work, welcoming new clients onboard, and the enhanced market volatility but also we have hosted 4 Private Investment briefings in Townsville.
These are private equity opportunities that are open to Sophisticated Investors, that each subsequent year thereafter we organise the founders, key employees and financiers to provide insights into how each of the businesses are progressing towards their set targets.
The following link are photos from a number of these that have been held over the last 3 months.
Here is a Tax Planning Checklist outlining some strategies and important reminders which you may find useful to help prepare for the end of financial year.
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Up to 50,000 self-funded retirees who were previously ineligible for the Commonwealth Seniors Health Card (CSHC) could receive it from 1 July 2022 when the income thresholds change.
The CSHC gives access to cheaper medicines, medical bulk billing and access to several other state and federal concessions.
Please read this article from National Seniors Australia © to see if this may apply to you:
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To cap off a very successful year 2021 calendar year for the Evolution Financial team and our clients, we were a part of the Xponential Technologies IPO, listing on the ASX on December 16, just prior to the Christmas break. Having been the cornerstone investors backing the company back in 2019 it was great to see the company achieve its short term dream of becoming an ASX listed company.
Brad Stewart & Ian Byrne from Evolution Financial accompanied by clients Bob Jones, Tony Briggs, and Paul Rissman are pictured attending the live ASX listing function alongside founder and CEO of Xponential Technologies, Matt Forman, held at their headquarters in Brisbane due to COVID19 restrictions prevented us from attending the Sydney ASX event.
Despite the early 2022 global tech sell off and even more recently the Ukraine crisis pushing stockmarkets and the XPN share price down, the company itself continues to go from strength to strength. Below is an excerpt from recent communications by Sequoia, their lead stockbroker for the IPO last year.
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