network NEWS 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 spring 2009 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 Susan Says 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 Disclaimer Network News was prepared and distributed by Women’s Financial Network Pty Ltd ABN 89 073 041 451 Australian Financial Services Licence No 303011. 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 information. 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 Staff Update 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 Program Dates: 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 Roving Reports 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 month 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 Did you know... 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 Spending 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. Source news.com.au 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 GST. 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 in Australia. 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 Jobs Plan. 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 E email@example.com 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 CONVEYANCING 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 E firstname.lastname@example.org 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 super entitlements. 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 escaped unscathed. 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 to correct. 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 strategy. 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 Medical 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 receipts organiser. 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 of time. 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 Blue $24.95 Lemon $24.95 ms money receipts organizer Pink $17.95 Blue $17.95 Lemon $17.95 ms money spending cards N/A $ 9.95 ms money adopt a pig Pink $14.95 Blue $14.95 ms money’s guide to the GFC N/A $17.00 Publications Author 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 Sub-total $ All prices are inclusive of GST Standard postage $8.00 Express postage) $12.00 Total Required $ Name Address Post code Telephone Mobile 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 Advertising Rates 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 to promote? 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 Non Layout strategy, WFN can help you to move forward with your finances toward a more financially Space Size mm Member Member Costs* 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 • Flyers Cash Flow • Brochures Management Investment • Posters Property Advice Advice • Music Books Advice on both residential and Superannuation and • Continuous Stationery Retirement Planning 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.
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