Phone: (03) 9486 0122 Toll Free: 1300 851 335 Fax: (03) 9486 0133 mini magazine
4/86 Wellington Street, Collingwood VIC 3066 Australia
Email: email@example.com www.womensfinancialnetwork.com.au
Editor: Susan Jackson EXECuTIVE DIrECTor
Introducing ms money or that the advice will be condescending; have? What if someone took 20 years of
they don’t trust the industry; they don’t conversations with women about money
have the time or money to get advice or and extracted all the bits that seem to
are not sure where to go or; they tried work best? What if someone created
to get advice but found it a less than tangible solutions to help you keep your
enjoyable experience. finances organised and on track?
Ask financial institutions how they Would it be possible? Would it work? Could
approach providing advice to women and learning about money and organising your
they will start to murmur about it being finances actually become more engaging
a ‘niche market’. Not sure how 52% of and empowering? Could fun and finance
the population warrants being viewed as actually go into the same sentence?
a niche but assuming they do make an
We certainly hope so as that’s exactly
attempt to attract this ‘niche market’ the
what ms money is – the new destination
marketing all too often seems to evolve for all things financial. It’s not designed
from the perspective of let’s take what we to replace what we do at WFN but
do and make it a bit more female friendly to complement what we offer and to
ie lets put a female on the front of the help make basic financial advice more
brochure and just to cover all bases lets accessible to all women. There’s a great
put a briefcase in one hand and a baby website with heaps of useful information
in the other. And then they wonder why and loads of hints, tips and shortcuts.
women don’t flock to get advice and buy Fabulous money accessories to bring
their products. The lack of response then a bit of style to your finances (see pages
validates their belief that marketing to 10 and 11) and the first ms money
women is just too hard, they are just too publication - ms money’s guide to the global
niche. financial crisis. For further information visit
Sadly, the reality is that financial advice for www.msmoney.com.au
women en masse still remains somewhat
of an enigma. Sure there are plenty of
websites where you can download lots Inside this issue...
of useful info but how do you figure out
2 Susan Says..
what you need and then how do you find
the time to interpret what you need to do? 3 Staff Update
Ask the average woman how she feels Too hard, too boring, maybe later……is
about her finances and the response the reality. 4 Roving Reports
is likely to be that she finds it stressful,
Working one on one with an advisor
uncomfortable and a bit overwhelming. 5 Ms Money / Did you know
who communicates in a language you
In fact the majority of women would opt
understand and in a manner that makes 6-7 In Business/ Where do you go for…
for doing housework over getting their
you feel empowered and motivated is
finances organised. Interestingly most
the most effective solution. But again that 8 Rule Changes For Same Sex and
males would prefer dinner with their mother takes time and money and finding the
in law so unfortunately nothing seems to De-Facto Couples
right advisor is not always easy.
get them into housework mode.
But what if someone finally approached 9 Is It Time To Start Investing?
Ask the average woman why they don’t financial advice for women from a purely
seek financial advice and the responses 10 ms money order form
female point of view and then developed
will be: they feel the advice is not female strategies that better replicated the
12 Need some advice?
focused/friendly; they fear being judged existing patterns and behaviours women
Are you crazy is a question I seem to make a difference. I was smart enough and to provide a one stop shop where women
be being asked regularly these days. gutsy enough to do things a bit differently. (guys also welcome) can access basic
And it’s probably not entirely surprising. That was the motivation behind starting financial information together with some
Having survived the global financial crisis, WFN and you could say the rest is history. great tools and lots of hints and tips to help
constantly changing legislation and them get on track with their finances. It’s
Growing WFN to where it is today has
deciphered a new economic landscape not designed to replace financial planning
been extremely rewarding and it’s tempting
you could be forgiven for thinking that a as there are times when anyone can benefit
to just sit back and enjoy the fruits of a
good lie down and a few months of stress from some good advice but is more about
successful practice. But (and isn’t there the steps you need to take to be ready
free living would have been high on the
always a but) as much as I love working for advice and helping you work out what
agenda. But instead I decided to launch a
with all our clients, my true passion is you can do yourself. It’s all the best bits
new business. So am I crazy?
financial literacy. Having been involved in from 20 years of conversations with women
No, I’m just passionate about what I do. various financial literacy initiatives we have about money.
Twenty years ago I was enticed into the seen first hand the impact that learning
financial services industry to get involved the basics and having the confidence to So you see, I’m not crazy after all – just a
in a project aimed at providing financial use that knowledge can be. It’s the give a bit multiple personality from now on.
advice to women. It didn’t take me very woman a fish and you feed her for a day,
long to figure out the industry really didn’t teach her how to fish and she can feed
have any idea about how to communicate herself for the rest of her life approach.
financial information for women and even
less idea about how to encourage more I also realised that juggling the traditional
women to work in the financial planning financial planning advice (with a feminine
industry. For someone who had grown up twist of course) with the financial literacy
in a household where there was no gender work we do was becoming harder to
bias and also not really encountered any manage. It was time for ms money to stand
workplace discrimination it was a bit of a on her own two feet or zebra print heels to
shock to suddenly find myself in such a be exact and so ms money was officially
male centric environment. launched on October 7th. She has her
own website, range of money accessories
At that point it would have been pretty easy
and lots of practical advice. We’ll have lots
to walk away and go back to fashion or
of photos from the launch in next edition or
food, which were the two industries I had
you can visit the ms money website.
previously worked in and enjoyed. But
I realised two things. The first was that I WFN will continue to provide holistic
had a gift for being able to communicate financial planning services where we work
financial information in a way that people one on one with clients in the bespoke style
understood and secondly, I really felt I could we are known for. The aim of ms money is
Network News was prepared and distributed by Women’s Financial Network Pty Ltd ABN 89 073 041 451 Australian Financial Services Licence
Network News has been prepared for general information purposes only. Any advice contained in Network News is General Advice which has been prepared
without taking account of your objectives, financial situation or needs. Before acting on any General Advice you should consider the appropriateness
of the advice in regard to your own objectives, financial situation and needs. We strongly recommend you obtain professional advice on your individual
requirements before acting on any of the information provided.
Although every effort has been made to verify the accuracy of the information contained in Network News, the Women’s Financial Network Pty Ltd, its
officers, representatives and employees disclaim all liability (except for any liability which by law cannot be excluded) for any error or inaccuracy in, and/
or omission from, the information contained in Network News, or any loss or damage suffered by any person directly or indirectly through relying on the
Your privacy is important to us. If you believe that receiving Network News in any way intrudes on your privacy, please contact us and we will ensure you
do not receive any similar correspondence in the future.
2 wfn • spring 09
Kim Earl -
Office and Client Administrator Extraordinaire
Kim is the newest member of the WFN team, having started with the company during June
in the midst of end of financial year madness. Her role is to keep WFN’s offices running as
smoothly as possible and you can feel free to ask her any questions. We are sure you will enjoy
her cheery disposition over the phone, as she assists you with your queries in any way she can,
managing the diary and taking care of your memberships.
Coming from a solid background in Customer Service and Sales she is always obliging and
reliable, no job is too hard or too small for this detail focused admin extraordinaire. Put simply
she is Susan and Skye’s support, so you can rest assured the team are always working diligently
and are able to put in that extra mile. Proud to be associated with WFN she is enjoying the
outstanding work ethics and lead by example approach portrayed by both internal and external
colleagues. Kim appreciates the little things in life; a nature girl through and through, when not
outdoors you will find her inside playing the piano or reading a book.
Sharemarket Investment Mentoring Program
Always wanted to get started in shares but not sure where to begin?
Want to learn the basics of share investing?
Like to invest but feel you need some ongoing support?
WFN will be running a share investment mentoring program where you can learn about share market
investing and be shown how to get set up and start investing. The program will consist of an intensive
one day session followed by a monthly session for the next three months. This gives you a chance to not
only learn the basics but also put what you have learned into practice with some continued support and
guidance. The program will be facilitated by Susan Jackson, Executive Director of WFN, so you can be
sure it will be informative, fun and easy to understand. The program will be limited to 8 participants.
What can you expect to get out of the program?
Understanding of the share market and how it works Be familiar with share terminology and language
How to research shares quickly and easily What type of share investor you are
How to set up a share trading account and buy & sell shares The keys to building a robust, diversified portfolio
Understand what records you need to keep How to deal with floats, mergers, buy-backs and other transactions
Where to obtain additional information and research
What will you receive as part of the program?
Share investment program (initial session and monthly meetings)
Workbook and comprehensive handouts/notes
Copy of “Shopping For Shares” by Tracey Edwards
Portfolio models and initial share recommendations
Initial session will be held on Saturday October 24th from 10.00 – 4.00pm at the WFN offices in
Collingwood. Dates for the three follow up sessions will be determined by the attendees.
Please contact Kim via email to firstname.lastname@example.org or on 03 9486 0122 to enrol
or register your interest
wfn • spring 09 3
Understanding the 2009 Australian Royal Women’s
Global Financial Crisis Women’s Leadership Hospital
The events of the past 18 months will Symposium As part of the RWH inaugural Staff
be long remembered and trying to make Finance Week Susan Jackson presented
Susan Jackson was pleased to be
sense of the GFC and how to deal with her ever popular Women and Money –
invited to speak at the Melbourne
the impact on your personal finances is of The Myths, The Dream And The Reality
2009 Australian Women’s Leadership
concern to many. Susan’s presentations In Between seminar. This presentation
Symposium. Held in Melbourne, looks at how women relate to money
to the Victorian Independent Education
Sydney, Brisbane, Canberra and and gives them strategies that can be
Union Conference and the Institute
Perth the Leadership Symposium easily implemented into busy lives.
of Chartered Accountants gave
is hosted by the Australian Women
attendees a snap shot of what
and Leadership Forum, which is an
happened, where we are now and the
important national initiative designed
strategies you should be considering IF YOU WOULD LIKE TO
to support the increased presence of
and was extremely well received. We ORGANISE A PRESENTATION,
women in leadership roles across all
have no doubt this will continue to be a WORKSHOP OR SEMINAR FOR
sectors. The project comprises a range
popular topic. YOUR ORGANISATION
of professional development programs,
Susan has now also condensed this corporate advisory services, networking PLEASE CONTACT SKYE
into a new book entitled ‘ms money’s FORSTER AT WFN
opportunities and ongoing research.
guide to the global financial crisis’. ON (03) 9486 0122.
Further information can be found at
For details see page 10. www.womensforum.com.au
women & money
The Office of Women’s Policy, in conjunction with the Queen Victoria Women’s Centre and WIRE - Women’s Information will
be running a number of seminars and workshops throughout October and November as part of Women and Money Month.
This is part of a three-year Women’s Financial Literacy program which commenced in 2008.
WFN will be continuing it’s involvement with Susan Jackson facilitating a number of the 2-hour seminars.
The topics Susan will be presenting are:
Understanding the Global Financial Crisis;
Women and Shares;
Budgeting – or Managing Your Money;
Retirement Ready and Demystifying Superannuation Planning.
The workshops and seminars are open to all women and there is no charge to attend. For further details and to register to
attend go to www.qvwc.org.au , phone (03) 8668 8106 or email email@example.com
4 wfn • spring 09
Not So Sharing
Dear Ms Money better off. Whilst this is always possible, if
Share ownership has dropped to its I’m worried about interest rates and we look at what the average interest rate
lowest level in decades, with 41% of wondered if I should be thinking about has been historically, it has not gone above
switching my mortgage over to a fixed rate? 7-8% (excluding the huge jump in the late
adults now owning shares. This is down
LJ, Thornbury 80s). It doesn’t make sense therefore to
from 55% in 2004. ASX Share Ownership
lock into a fixed rate in excess of 8%. But
Study 2008 Dear LJ
there is never any guarantee as to exactly
In Australia the official interest rate is back what interest rates will do and they could
About 400 Reserve Bank of Australia
to where it was in the early 1960s so rates go up or down, depending on the overall
cheques that were sent out as part of the are now at a 50 year low. Assuming rates economic environment.
$900 ‘cash splash’ bounced. The Federal are likely to start going back up you would
But if you are really concerned about the
Govt blamed a computer administration think therefore that it would be the time to
affordability of your mortgage you could
switch from being on a variable rate onto a
error. Source BRW July 2009 always just put part of the mortgage
fixed term rate. The theory being that, you
onto a fixed rate loan. Alternatively, you
It’s Not The Degree That want to be on a fixed rate when interest
could keep it on variable but increase your
rates are going up and on a variable rate
Counts repayments so that you build up funds in
when interests are falling. The problem is
redraw. If you ever then find yourself in
Male postgraduates at the diploma that the five year fixed rate (it’s not usually
a bit of a mortgage squeeze you can use
or certificate level earn on average worth fixing for shorter periods) is almost
these extra funds to help whilst you get
2.50% more than what the average
$13,600 more than females, and male back on track.
variable rate is.
post graduates with masters based on
And if you are really confused or stressed
If you locked into the higher fixed rate now
coursework earn $15,000 more than their about what to do then seek some
your repayments would increase and the
female counterparts. Source Graduate professional advice. With the average
only way you would be ahead would be if
Careers Australia Survey interest rates started to go up very quickly. mortgage now being in excess of
In fact, mortgage rates would have to go $300,000 it’s a big amount of money to
Plastic Not So Fantastic up by more than 3% within the first couple make wrong decisions about.
The proportion of payments made by of years of the fixed term for you to be any …MM
debit card has increased from 18.20% to
26.50% demonstrating that consumers
are switching away from putting everything
on the credit card. Debit cards are now
expected to overtake credit cards as the
dominant payment form in Australia within
12 months. Source East and Partners
Aussies Rein In The
A recent IBISWorld report showed
Aussies have cut back on designer
fashion, cars, expensive restaurants,
international air travel, expensive furniture,
art, fine wine, magazine subscriptions,
donating to charities, and drycleaning.
wfn • spring 09 5
In Business General Business:General business will
be able to claim a bonus tax deduction
of 10% of the cost of an eligible asset
that the business has committed to
purchasing pre 31st December 2009
and have installed by 31st December
2010. This rate prior to 1st July 2009
was 30% with a June 2010 delivery
deadline. The investment minimum for
general business is $10,000.00 net of
For the purpose of meeting the threshold,
a business may be able to aggregate
substantially identical assets or sets of
assets. However, the ATO will determine
Business Tax Break 1. Small Business: Turnover is under
$2 million dollars
asset ‘sets’ on a case-by-case basis
and caution should apply. In all cases,
Incentive Deadline is 2. General Business: Turnover is above the asset must be used predominantly
$2 million dollars
31st December 2009 There are various rules regarding
Changes to the investment allowance What assets are eligible?
partnerships, joint asset ownership,
announced on 3rd Feb 2009 were companies who have passive income New tangible depreciating business
an extension /expansion of the Dec streams and family trusts which require equipment
2008 Small and General Business more definition than this article allows, New/demo motor vehicles & new
tax break incentive introduced as so please check your individual situation commercial transport
part of the Govts Nation Building and with your professional advisor. Improvement or modification to an
What Rate of Deduction existing asset (not repairs)
The Investment Allowance, otherwise
known as the Tax Break is available for Applies? Ineligible Assets
any business that holds an ABN, who Small Business: Small Business will Used/second hand assets of any
acquires new depreciating assets that be able to claim a bonus tax deduction description
will be used in Australia for business of 50% of the cost of an eligible asset Software (classified as an intangible
purposes. that the business has committed to asset)
Provided all of the eligibility criteria are purchasing pre 31st December 2009
Capital Works such as building
satisfied, the allowance can be claimed, and have installed by 31st December
works and structural improvements
in addition to the normal depreciation 2010. The investment minimum for
allowance, as a tax deduction in the year small business is $1000.00 net of GST. Trading stock or Land
in which the asset was acquired, even if
The following table summarises the key dates relating to the different rates:
your business is in a tax loss situation.
This allowance is unlikely to be extended Business Investment commitment Date of first use or installed Rate of
past December 2009. If you are entity time (Inclusive) ready for use (inclusive) Deduction
considering acquiring new business
equipment or a vehicle, now is the time Small
to be reviewing your options. Remember, business 13/12/08 to 13/12/2009 By 31 December 2010 50%
some assets may be in short supply so
allow plenty of time to ensure you do not Other
miss the deadline. business 13/12/08 to 30/06/2009 By 30 June 2010 30%
Defining Your Business 1/07/09 to 31/12/09 By 31 December 2010 10%
As the rate of the Investment Allowance
13/12/08 to 30/06/09 1 July 2010 to 31 Dec 2010 10%
varies, it is important to identify your
business under one of the two business
Article Provided by Glenda Boschert, Director of Capex Finance Pty Ltd, a specialist
definitions advised for the purpose of
commercial equipment and vehicle finance broker. Phone 03 9521 2266
this tax break.
6 wfn • spring 09
Assistance for Small ATO Help Small Business statement debt can apply for a GIC
Business Owners Facing A The ATO announced new measures
free payment arrangement from now
Life Threatening Illness until 30 June 2010. They will have the
to help businesses with annual
The Victorian Govt has launched the GIC remitted for a maximum period
turnover of less than $2 million that are
world’s first online resource for small of 12 months, provided the payment
struggling to manage their tax debts in
business owners who are diagnosed arrangement is maintained.
the current economic climate. Whilst
with a life threatening illness. The Small
most small businesses are meeting Deferred activity statement
Business Victoria Illness and Business
their obligations, over a quarter of payment due dates
Management Plan provides practical
support in the form of information small businesses are carrying a tax Small businesses can also request
sheets, checklists, contacts and case debt. In a speech to the Council a deferral of payment on their next
studies. The plan guides business of Small Business of Australia, Tax activity statement. Businesses
owners through questions such as Commissioner Michael D’Ascenzo with short term cash flow problems
how to inform staff, appointing Power confirmed his commitment to helping that pay quarterly and annually may
of Attorney, deciding what to do with small businesses by offering twelve be granted a deferral of up to two
the business and accessing support months, with those that pay monthly
month general interest charge (GIC)
from a range of organisations. eligible for up to one month. Activity
free payment arrangements and
The plan was developed in consultation statements still have to be lodged on
deferring the payment date for activity
with Cancer Council Victoria, Health time, however, no interest applies for
statements. The new measures
Foundation, Chronic Illness Alliance, the period of the deferral.
include the following:-
the Department of Human Services Businesses need to contact the ATO
and many individuals who have faced Twelve month GIC free payment as early as possible on 13 11 42
life-threatening illness. arrangements
to discuss their circumstances and
Further information is available at www. Businesses with an annual turnover negotiate a sustainable interest free
business.vic.gov.au/illness of less than $2 million with an activity payment arrangement
Where do you go for... Following is a list of professional service providers recommended by WFN.
VENDOR ADVOCATE ACCOUNTING AND TAXATION LEGAL
Douglas McKinnon Leeanne Summers - The Bennett Group Catherine Gale
Douglas McKinnon and Associates Collaborative Family Lawyer and Mediator
Level 13, 390 St Kilda Road
Level 29, 459 Collins Street
Level 3 (East Tower), 608 St Kilda Road MELBOURNE VIC 3004
MELBOURNE VIC 3000
MELBOURNE VIC 3004 P (03) 9820 3277 F (03) 9820 3491
P 03 9620 0088
P (03) 9510 2022 F (03) 9510 2700 E firstname.lastname@example.org
F 03 9620 0080
W www.bennettgroup.com.au W www.catherinegale.com.au
W www.douglasmckinnon.com.au Provides full range of tax and accounting services to Catherine Gale, Collaborative Family Lawyer and
all individuals and business owners. Mediator, serving separating and divorcing clients
Douglas has 23 years of experience in all types of
in Melbourne City, and inner Melbourne and the
property and has developed the Vendor Advocate Melbourne metropolitan area, as well as East and
Process. Offers a free 20 minute consultation to West Gippsland, Victoria.
WFN Members. Mandi Morison - Sargeants – Port Phillip
Having practised in the specialised field of Family
Level 7, 3 Bowen Crescent Law for over 30 years, in Melbourne and the
FINANCE MELBOURNE VIC 3000 Melbourne Metropolitan area, Catherine Gale
P (03) 9867 5551 F (03) 9867 4451 is focused on helping couples going through
Glenda Boschert separation and divorce, who want to avoid the
Capex Finance Pty Ltd w www.sargeants.com.au/portphillip anguish of drawn out arguments, to find the best
solutions that will work for them and their families.
PO Box 6165 St Kilda Road Central Mandi’s team guarantees the fastest delivery
MELBOURNE VIC 3004 of Vendors Statements (Section 32s) and
P (03) 9521 2266 F (03) 9521 3322 contracts (generally within 24 hours) for your
E Glenda@capexfinance.com.au sale (including an emailed PDF copy). They
ensure you and your financial institution are
As a commercial finance broker, Glenda’s expertise provided with all required documents to
is arranging finance facilities for the purchase of prompt a timely settlement of your sale or
equipment and vehicles for any sized business. purchase transaction.
wfn • spring 09 7
Rule Changes For Same Sex
and De-Facto Couples
The Federal Government has legislated to relationship, any financial dependence/ and a child under the Family Law Act which
provide recognition for same sex partners interdependence, the existence of a covers situations when children are born
and their children. In total 68 different sexual relationship, whether the couple into a relationship by means of surrogacy
Commonwealth laws have been amended have any children, ownership of property or artificial conception.
to achieve recognition of same sex together and so forth. A couple can still be
Contribution splitting and spouse
relationships and their children, as well as spouses if living apart temporarily, or apart
extending the rights available to opposite for reasons of illness. contribution rules now extend to cover same
sex de facto couples. Some of the key sex couples. Changes to the legislation
areas of change include superannuation,
Centrelink Entitlements governing super for Commonwealth
family law, social security and taxation and From 1st July 2009, two people in a same Government employees, the Defence
as with any change in legislation there will sex relationship will now be treated as forces, Judges and Parliamentarians will
be some good and some bad. members of a couple. Their assets and provide that same sex partners and children
income will be assessed jointly and they of same sex relationships be accorded the
Following is a very brief snapshot of the
will only be entitled to the lower partnered same rights to death benefits as opposite
major changes and if you are impacted
rate of pension/allowance. Unlike sex de facto partners. Children’s benefits
by these legislative changes but are
other Centrelink changes, there is no will also extend to children of same sex
unsure of what you need to do then we
progressive integration of this – basically relationships.
would recommend you seek professional
on June 30th 2009 you are assessed as
advice. These changes may require super-
an individual and then on July 1st, 2009
The definition of spouse will be extended you are assessed as a couple. annuation members to update their death
to include a legal spouse and people who nominations with their super funds and/or
It is likely that same sex couples will find
are: their will instructions.
their pension entitlements are reduced
In a registered relationship under state and there is concern some elderly gay Family Law Super Splitting
or territory law, couples may find interrogation about
Same sex and opposite sex de facto
their relationship intrusive and intimidating
Living together as a couple on a particularly. However, if they do not couples are now covered by the Family
permanent basis disclose their relationship then they risk Law Act for property splitting purposes
This includes both opposite sex and same being charged with fraud. on relationship breakdown (including
sex de facto partners. It also allows for superannuation). The changes will apply
multiple spouses. Superannuation Changes from 21 May 2008 or an earlier date
Death benefits can now be paid direct to proclaimed by Parliament. De facto
How do you determine “living a same sex de facto partner on the same couples can opt-in earlier if they both
together as a couple”? basis as an opposite sex partner. There choose to. What the changes mean:
A range of circumstances are taken into is no longer the need to demonstrate
account when determining whether two an interdependency relationship. The Maintenance arrangements will extend
people are living together as a couple. definition of ‘a child’ has been extended to de facto couples.
These include the duration of the to include a child of the member’s spouse De facto couples can enter into binding
financial agreements with respect to
property and superannuation.
De facto couples can have their super
split on relationship breakdown.
De facto couples can approach
superannuation funds for information
about their partner/former partner’s
Property can still be divided between
de facto couples even if one person is
legally married to another person.
Warning: This family law legislation above does not
yet apply in Western Australia and South Australia as
those states have not yet conferred the appropriate
power to the Commonwealth.
8 wfn • spring 09
Is It Time To Start Investing? of the biggest names in Wall Street buying of quality companies with the
teetering and one of the world’s great aim of holding for the longer-term could
financial institutions collapsing it would be a smart move.
almost seem to be impossible that we
Invest in companies with lower levels
of debt and consistent earnings.
But in every market there is also Those companies who have a market
opportunity and the combination of monopoly or have products or services
lower share values, strong property that are consistently in demand tend
market and interest rates at 50-year
to be more resilient when times get
lows is starting to look very attractive.
tougher. If you are using borrowed
If you regretted not buying those
funds for investing it would be prudent
shares, property or taking on that
mortgage when prices were last at to ensure the debt is no greater than
these levels then now may be the time 40% of the overall portfolio value as
to rectify that. this is likely to be conservative enough
to avoid a margin call if the market was
So it is a time for an equal measure
of caution and courage - time to
cautiously start reallocating some Property Investments
monies back into investment markets
With rental returns and demand having
and the courage to ride out any short-
increased and interest rates at 50-year
term volatility for the benefit of the
longer-term gains. Wealth is never lows property is looking very attractive.
created overnight but by a combination You will however have to compete with
Twelve months ago the collapse of of persistence, time and sticking to a first home buyers and so bargains are
Lehman Brothers was seen to be the realistic plan. likely to be hard to find. Supply and
epicentre of the global financial crisis demand drives this market and while
Following is a brief snapshot of some of
and financial Armageddon seemed there are more buyers than sellers
the issues you might want to consider
unavoidable. It was seen to be the prices are likely to stay strong. Waiting
in relation to your overall investment
death of capitalism and only a matter for this market to correct may prove
of time before we slid into another to be dangerous given the current
Great Depression. Defensive Investments property shortfall that exists in this
Twelve months later it appears that the With cash rates being so low and a country.
early and aggressive intervention by lack of quality defensive investments When investing in property location
Governments appears to have warded it is likely to continue to be difficult
is the key and whenever you buy
off total financial meltdown. Markets to generate a good return from the
you should always be thinking about
seem to have stabilised and economic defensive portion of your portfolio.
the resale potential of the property.
data is being hastily revised upwards. Whilst holding monies in cash protects
Properties in good areas with
In fact the Australian share market capital value if you are investing for
has regained so much value since it longer-term growth then cash is unlikely sustainable demand and good local
bottomed in March 2009 that brokers to deliver. If you are holding excess amenities seem to always maintain
are calling it the FOMO rally - driven by cash then it may be prudent to start to their value. It’s better to pay a bit more
the ‘’fear of missing out’’. redirect some monies back into growth for a property like this than buy poorly
investments. For monies held in cash located property just because it seems
With a record $105 billion having
try to maximise the return as much as like a bargain.
been stockpiled into cash over the
possible by using a combination of on- The important thing to remember is
past 2 years there is certainly plenty of
line savings and term deposits. For that when you invest in either shares
money waiting for the right investment
info on interest rates and comparisons
opportunities. But is now the right or property you are investing for
go to www.canstar.com.au
time to start putting monies back into the longer-term. There is always a
investment markets? Share Investments strong likelihood that in the short-
The reality is that the global economy Many share investments are still trading term your investments could be worth
is still fragile at the very best and at significantly lower prices than they less than what you originally paid for
so the GFC show may still have an were prior to the correction with many them. Focusing on the longer-term
episode or two to run. When you also offering attractive dividend yields. benefits usually helps to reduce the
consider the damage that was done Share prices are likely to continue to stress associated with the short-term
with credit markets seizing up, some have some volatility but some prudent fluctuations.
wfn • spring 09 9
Need to get your finances in order?
Here’s just the thing. You can order any of the ms money accessories by
completing the order form, phoning our office or via www.msmoney.com.au
ms money’s™ guide to the global financial crisis RRP $17.00
Twelve months ago the world’s banking system collapsed and the global economy teetered on the brink of total collapse.
Investors watched in shock as investment markets went into free fall and every day brought news of further doom and
gloom. Fast forward to today and it seems the crisis has been averted but what really happened and is it all really over?
How could sub-prime mortgages cause a global liquidity crisis?
Why did Governments have to implement the Great Stimulus?
How important is consumer spending?
What are the signs of economic recovery?
Is it now the time to play safe or a time to invest?
How does the current environment provide wealth creating opportunities?
ms money’s™ guide to the global financial crisis is an easy to read and easy to
understand snap shot of what happened, why it happened and where we are now.
It will help you separate the facts from the fiction and identify what you can do to
maximise your financial position and create wealth for the future.
ms money™ adopt a pig RRP $14.95
They say charity begins at home and what better way to start than by
adopting your very own piggy bank. Once home your piggy needs
regular feeding and loves nothing more than a diet of loose change
and monies redirected from impulse buys. Over time your piggy will
grow fat and full and will reward you with hours of enjoyment as you
work out what to do with all those accumulated pennies.
ms money™ receipts organiser RRP $17.95
Looking for a system to keep track of your receipts quickly and easily? Need to get some order into your tax records?
The ms money™ receipts organiser is a simple and practical solution that’s ideal for keeping track of:-
Business or work related expenditure
Tax deductible expenses
Household or personal spending
You can organise your receipts by month or type of expenditure
- it’s up to you. Lost receipts, shoeboxes of paperwork and tax
time stress will be a thing of the past once you start using the
10 wfn • spring 09
ms money™ spending cards RRP $9.95
The ‘Spend Devil’ lives in all of us and yes she is a she. Whether she’s a BFF or casual acquaintance
she’s the one responsible for those impulse buys on sale items you didn’t really need and a new pair
of shoes you couldn’t resist.
Whilst you can’t banish the Spend Devil completely from your life you can keep her under control with
a bit of spending trickery. The ms money spending cards show you how you can appease the spend
devil but at the same time only buy items you really need. So take back control of your money and
start using the Ms Money Spending cards today.
ms money™ spending diary RRP $24.95
Do you ever wonder where your money goes? Keeping a spending diary
will open your eyes to how much you spend on the little things in life. The
morning coffee, latest magazine, money for parking, lunch on the run, a
quick drink with the girls - it’s just a few dollars here and there and part of
life in a world where there is just so much to do and so little time. But all
those smaller purchases do add up and what seems like loose change
can often add up to hundreds or even thousands of dollars over a period
The ms money™ spending diary is ideal to help you get control over your
money by firstly tracking where your money goes, then showing you how
to create a new spending plan and lastly what you need to do to stay on
track with your plan.
ms money Order Form
Phone (03) 9486 0122 for further enquiries or to place your order
Fax your completed order form (below) to (03) 9486 0133
Mail your completed order form to WFN, 4/86 Wellington St, Collingwood VIC 3066
ms money products Colour Qty. RRP Total
ms money spending diary Pink $24.95
ms money receipts organizer Pink $17.95
ms money spending cards N/A $ 9.95
ms money adopt a pig Pink $14.95
ms money’s guide to the GFC N/A $17.00
Women’s Guide to Property, 2nd Ed. Susan Jackson $24.95
Why Saving Is Like Dieting and Budgets Don’t Work Susan Jackson $24.95
All prices are inclusive of GST Standard postage $8.00
Express postage) $12.00
Total Required $
Address Post code
Please enclose cheque (made payable to Women’s Financial Network) or complete the following credit card details: Visa Card MasterCard Diners Amex
Card Number Expiry Date
Name on Card Signature
wfn • spring 09 11
Need some advice?
The Women’s Financial Network (WFN) was established in 1995, with the objective of
creating an organisation where women could access financial information, professional
advice and related services in a friendly, holistic environment. Do you have a product or service
The Network is independently owned, operates on a fee for service basis and has no
alignment with any particular financial institution or product so you can be assured of Is your target market women and
always receiving advice that is in your best interests. You can choose between paying women in business?
an hourly rate or taking up a membership option whereby you pay a flat fee for a certain
Why not advertise in Network News
level of advice.
and reach over 2000 women!
Whether it’s taking the first steps with your finances or creating a long term financial
strategy, WFN can help you to move forward with your finances toward a more financially Space Size mm Member
secure future. Our services include:- Bus Card 60 x 95 $95 $125 $49.50
1/6 Page 90 x 95 $125 $170 $49.50
Cash Flow Management Investment Advice 1/4 Page 65 x 190 $165 $220 $49.50
1/3 Page 90 x 190 $205 $275 $66.00
How To Change Money Habits and Investment Strategies
Behaviour 1/2 Page 190 x 130 $320 $400 $77.00
Understanding Your Risk Profile
Full Page 190 x 265 $560 $700 $125.50
Understanding Your Money Advice on Direct Shares and
Personality Managed Funds All prices are inclusive of GST.
Money Coaching and Advice Portfolio Management *In addition to member or non-
Salary Packaging Borrowing To Invest member advertising costs.
Redundancy Advice Tax-Effective Strategies Changes made to artwork after initial
setting will incur extra charges.
Superannuation and Retirement Personal Insurance Advice
Planning Insurance assessments
Choice of Fund Life and Trauma Insurance
Contribution Advice Income Protection Insurance
Retirement Modelling Insurance under your Specialising in:
Transition to Retirement strategies superannuation fund • Business Cards
Self Managed Superannuation Funds • Letterheads
• Presentation Folders
Pension and post retirement advice
Cash Flow • Brochures
Management Investment • Posters
Property Advice Advice • Music Books
Advice on both residential and Superannuation and • Continuous Stationery
investment property purchases Our skilled Graphic Designers, Printers
Sourcing and arranging of property Personal Property and Binders will transform your ideas
finance Insurance Advice Advice and concepts into high quality printed
products. With honest and reliable
Mortgage reduction strategies
service, Adept Printing caters for all your
Referrals to other property specialists printing needs.
Contact Ivan now for an
obligation free quote!
To arrange an initial consultation or find out more about the services offered please 33 Nevin Drive Thomastown 3074
contact our office during business hours on 03 9486 0122 or visit our website at T: 9464 0755 F: 9464 1048
www.womensfinancialnetwork.com.au E: email@example.com
12 wfn • spring 09 This mini magazine is printed on environmentally friendly paper, 100% chlorine free, biodegradable and recyclable.