Andrew Baxter

The end of the financial year is fast approaching and everyone will be bracing for their taxes to come out of what they have earned over the last 12 months. Join us in today’s podcast as we run through 5 tips and tricks to help you at tax time. Contribute to Your Super The limit on super contributions has increased recently, so the first tip is to whack in the maximum if you can afford to. As a deductible expense, you can get a tax deduction on your super contributions, ultimately retaining more money in the long run. In times like these where the economy is quite tricky, you need to ensure that you are planning for retirement and preparing your super for the future. The alternative for many is to pour the money into their business to try and grow, which is all well and good so long as this sets you up for retirement as well. In essence Host Andrew Baxter offers this suggestion – use your super to your advantage and set yourself up for the future.  Pre-Paying Your Obli...

Irrational Economics: Amidst the Coronavirus Pandemic, the economic statistics versus the economic narratives are painting two very different pictures. Our perceptions and opinions of what’s actually going on seem outrageously irrational given some statistics we have before us, here’s why : Concentrated confusion Any investor knows that you need to have confidence to successfully invest. Confidence means being certain, and as we all know – markets love certainty. The anecdotal evidence of our economic state seems to be rather different from how the statistics paint us. This means planting the flag in one spot as an investor becomes awfully challenging and anything but certain. Australia is experiencing a record rate of real unemployment yet has a 7-year high consumer confidence figure. Our property market is booming yet 1 in 7 rental properties have been left without a tenant. As host Andrew Baxter states, it just simply doesn’t make sense. The real rate of unemploymen...

As apart of APRA’s new legislation, MyGov Superannuation funds are now under investigation for failing to meet basic benchmarks of performance.  Also, with some household funds name and shame. And here is how your Super may have affect: MySuper – The Default Super Anyone who has worked part-time as a glassy over the uni holidays or casually in a pizza shop probably has a MySuper account. The MySuper institutions are essentially the ‘default’ superannuation funds. That is elect for people if they have not nominate their own retail or industry fund. Host Andrew Baxter says that most people who are effectively oblivious to super are typically the ones who hold cash in MySuper organizations. Also, given it had been provided to them by default. This is scary in itself. However, it was the performance of these that really struck a chord with us. APRA’s Performance Results The Australian Prudential Regulatory Authority (APRA) investigated 86 of the MySuper organizations a...

Investing in NFT’s and New Investment Assets- AIE. In the current world of low interest rates and overinflated prices in traditional assets like property and shares. Many investors have shifted into new assets in order to make a return. With assets like NFT’s, Crypto Currency and Collectibles going bonkers. Here’s how you too can make some real dollars: New assets History tells us that there is always something new that comes into the investment space. Time and time again we have seen new financial assets be added. Into our markets only to become the norm sometime later. Host Andrew Baxter has seen products like Options. Collateralized Debt Obligations (CDO’s) and Contracts for Difference (CFD’s) enter the investment landscape in his 27+ years as a professional trader. Just to name a few. Some stick. Some go and some even leave a trail of carnage behind them – notably the GFC caused by the CDO debacle.  These names may seem fancy and rather daunting. However all in ...