Luke on 2CC – Share Market Volatility and Covid-19
03/08/20 • -1 min
What should you know about current share market volatility?
Luke Smith joined 2CC Talking Canberra 1206AM.
The Money Show aired on Friday 6 March 2020.
Stock market volatility continues to be front and centre of finance news but Australia has enjoyed many years of economic growth. This probably makes the current share market volatility seem more pronounced as we’re simply not used to it. In this episode Financial Planner Luke Smith and Leon from 2CC take a closer look at the personal finance issues surrounding movements and the importance of keeping perspective. Certainly the media like talking about losses, but in the current environment we’ve seen both down days and up days. What are the things smart investors need to be aware of at times like this?
Key highlights include:
- Long-term investors beware: If you jump out of shares right now what are you jumping into? Cash rates are at record lows
- Did you know that share dividends are a function of profit and do not directly correlate with the share price?
- What business sectors are likely to be affected by covid-19?
- Remember your ‘Why’, what are your goals and timeframe for investing?
- Beware if sensationalist media reporting, percentage losses provide more useful information than total market rises or falls.
- Do the down days on the stock market present buying opportunities?
- What is short selling?
- What are the mistakes people make during times of market volatility?
- Above all, don’t panic.
- There’s also an offer to meet with Luke at Envision Financial to talk about managing your own situation.
Listen to the Podcast right now
Also available on Apple Podcasts ‘The Strategy Stacker – Luke Talks Money’Would you like to talk about managing share market volatility with your own investments?
Make an appointment to catch up with Luke at his office over a cup of tea or coffee.
Envision 2CC offer: Your first appointment is at our cost. Make an appointment to confidentially discuss your financial concerns, options and plans. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC Talking Canberra next Friday from 4.30pm. Tune into listen live or visit our website again to catch up on the podcast. You can also check out our YouTube Channel at Envision Financial Canberra.
What should you know about current share market volatility?
Luke Smith joined 2CC Talking Canberra 1206AM.
The Money Show aired on Friday 6 March 2020.
Stock market volatility continues to be front and centre of finance news but Australia has enjoyed many years of economic growth. This probably makes the current share market volatility seem more pronounced as we’re simply not used to it. In this episode Financial Planner Luke Smith and Leon from 2CC take a closer look at the personal finance issues surrounding movements and the importance of keeping perspective. Certainly the media like talking about losses, but in the current environment we’ve seen both down days and up days. What are the things smart investors need to be aware of at times like this?
Key highlights include:
- Long-term investors beware: If you jump out of shares right now what are you jumping into? Cash rates are at record lows
- Did you know that share dividends are a function of profit and do not directly correlate with the share price?
- What business sectors are likely to be affected by covid-19?
- Remember your ‘Why’, what are your goals and timeframe for investing?
- Beware if sensationalist media reporting, percentage losses provide more useful information than total market rises or falls.
- Do the down days on the stock market present buying opportunities?
- What is short selling?
- What are the mistakes people make during times of market volatility?
- Above all, don’t panic.
- There’s also an offer to meet with Luke at Envision Financial to talk about managing your own situation.
Listen to the Podcast right now
Also available on Apple Podcasts ‘The Strategy Stacker – Luke Talks Money’Would you like to talk about managing share market volatility with your own investments?
Make an appointment to catch up with Luke at his office over a cup of tea or coffee.
Envision 2CC offer: Your first appointment is at our cost. Make an appointment to confidentially discuss your financial concerns, options and plans. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC Talking Canberra next Friday from 4.30pm. Tune into listen live or visit our website again to catch up on the podcast. You can also check out our YouTube Channel at Envision Financial Canberra.
Previous Episode
Luke on 2CC – Mortgage versus Super?
Is it better to repay the home loan quicker or make contributions to your super?
Luke Smith joined 2CC Talking Canberra 1206AM.
The Money Show aired on Friday 28 February 2020.
Luke and Leon begin the show by reflecting on what’s been happening with stock markets given Covid 19, and the importance of keeping a long term perspective in the short term. Now might be a buying opportunity. The topic of the day however is super contributions versus paying off your home. Which way should you go?
Key highlights include:
- What are the issues you might consider in making a decision?
- Is the loan tax deductible or not?
- How low interest rates help paying off the home sooner
- Can you restructure your home loan to do both?
- What circumstances might prompt you to pay off your home loan quicker?
- What circumstances might prompt you to contribute to your superannuation?
- Make the most of your options, considering perhaps even moving to part time as you get older.
- There’s also an offer to seek advice with Envision Financial.
Listen to the Podcast right now
Also available on Apple Podcasts ‘The Strategy Stacker – Luke Talks Money’Do you need help to decide if you should pay off the mortgage or contribute more to super?
Let us help you consider your options and get your financial goals and plans in place.
Envision 2CC offer: Your first appointment is at our cost. Make an appointment to confidentially discuss your financial options and plan. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC Talking Canberra next Friday from 4.30pm. Tune into listen live or visit our website again to catch up on the podcast. You can also check out our YouTube Channel at Envision Financial Canberra.
Next Episode
Luke on 2CC – How to set up a Self Managed Super Fund – Part 1
What should you know before setting up a SMSF?
Luke Smith joined 2CC Talking Canberra 1206AM.
The Money Show aired on Friday 13 March 2020.
In this episode Financial Planner Luke Smith joins Leon from 2CC take a closer look at self managed super funds and specifically how to set one up. It’s been a popular topic with radio and podcast listeners so Luke’s going to take a closer look. They start the show though by talking about the continued volatility of the share market. On Friday at the time of the show, Australian Shares had bounced back following a Government announcement about Covid-19. Clearly volatility is going to continue and Luke warns about the dangers of emotional decision making during times of volatility.
Key highlights include:
- Where do you start setting up a SMSF?
- The importance of understanding your ‘Why’ before you begin?
- Do you have a corporate trustee or joint partnership of a self managed super fund
- Pick a name for your fund, self managed super funds names are not registered, however the corporate trustee is a registered name if you use one. There’s often a role for a solicitor here.
- Creating the deed, it’s the rule book for how your self managed fund will work.
- New binding death nominations for your fund, what are they and what do they do?
- Tax file numbers and ABN – they’re also required
- You’ll also need a bank account for the fund
- Rolling over and contribution issues to consider
- You’ll also have a legal requirement to create an investment strategy
- There’s also responsibilities as a trustee that you should be aware of
- You’ll also need to open a trading account, if you intend buying and selling shares
- You’ll also need an accountant to help you meet your ongoing accounting SMSF obligations and Luke shares some tips on finding the right accountant.
Listen to the Podcast right now
Also available on Apple Podcasts ‘The Strategy Stacker – Luke Talks Money’Would you like to talk about setting up a self managed super fund or managing one?
Make an appointment to catch up with Luke at his office over a cup of tea or coffee.
Envision 2CC offer: Your first appointment is at our cost. Make an appointment to confidentially discuss your superannuation plans. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC Talking Canberra next Friday from 4.30pm. Tune into listen live or visit our website again to catch up on the podcast. You can also check out our YouTube Channel at Envision Financial Canberra.
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