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Greetings!
Welcome to our new look issue of 'MMTalk'. This month is our first birthday. In my ten years in the financial services industry the last 12 months has been inspirational as a business owner and financial adviser. It is hard to believe that twelve months ago
my dream of becoming a small business owner became a reality and I felt it a good opportunity to celebrate, review and reflect. I have had periods of inspiration and amazement with the support
that people have shown along with lessons on what works and doesn't always work
in the world of trying to market a new business. My vision is still the same, to create a pure fee for service
financial advisory business with a transparent fixed fee arrangement based on
service rather than asset value and to have no ties to any banks, insurance
companies or superannuation funds to ensure I am in business for my clients and
not the product providers.
And what have we learnt? - Clients always are and always will be
the most important part of the business and are a wealth of information when it
comes to service development;
- Just like in life there are plenty of
people chasing your dollar - having a plan for business expenses is the key, as
is sticking to it;
- Marketing your business is essential
and the best referrals come from those who have experienced what we have to
offer; and
- Every day has a new challenge so
surrounding yourself with a network of professionals who are committed to
excellence, providing innovative solutions will ensure that moneymechanics is a
leader in the financial services industry.
The Future? moneymechanics is committed to stay focused on our business plan
by continuing to grow our client base with clear targets to ensure our advice
and client service experience is not compromised. In 2010 moneymechanics will continue to develop its unique brand
of fee for service financial advice.
With the introduction of an extended advice menu that will ensure
moneymechanics will continue to grow our client base and remain a competitive
provider in the financial services market. moneymechanics is working hard on its marketing plan and is
busy developing our new look website that will offer more for you as our client,
so watch this space. I hope you enjoy our first birthday issue and as a growing business please feel free to forward this email on to any family, friends or colleagues who you think may find value in reading 'MMTalk' or working with Money Mechanics. |
| Superannuation
Planning for End of Financial Year
|  The end of the 2009/10 financial year is fast approaching, so
now's the time to examine your situation and start planning your planning. Here are 6 ways to boost your superannuation.
1. Sacrifice your salary to super 2. Contribute to your super 3. Contribute to your defacto-partner's
super 4. Qualify for a Government co-contribution 5. Review your insurances and take them out
in your super 6. Take advantage of imputation credits
within your super strategy So before another financial year is behind
us take the time to review your situation before implementing these strategies
to avoid common traps and take advantage of some of these opportunities.
To read this full article click here |
| Market Update
From the Research Team at Macquarie Equities
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The
ASX200 index rose 5.2% during March as positive economic leads out of the US
and the continued positive momentum on home soil drove these gains.
On the back
of a positive February, much touted Merger and Acquisition activity has begun
to emerge with listings in Miclyn Express Offshore and takeovers of MacArthur
Coal, Arrow Energy and Lihir Gol, we
suggest this will by no means be the last of this activity.
Company balance sheets
are in a far better state now and companies are now looking for ways to grow
their business by looking at competitors. Overall, we continue to see a buoyant equity
market for this year with a Total Shareholder Returns still well over 15%. A
combination of strong earnings growth and reasonable valuations present a still
compelling picture.
To read the full economic update click here
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| Education
Courses for Financial Literacy - Canberra | 
Financial Wellbeing - Creating Wealth Through Understanding
Starts Thursday 10th June 2010 for 4 Weeks at REID CIT Campus
Cost $135
This four week course is designed for people of all ages and knowledge levels wanting to get a better handle on their financial life.
Demistify the language of money including - 'PAYG', 'super', 'defined benefits', 'debt', 'equity', 'trusts', 'shares', 'SMSF'. 'property', 'gearing', and 'estate planning'.
Learn the key elements of putting together your financial life plan, how your habits and attitudes around money can support or sabotage you.
Bring your calculator to this interactive course that will teach you about different financial strategies and products to get you on the path to a better understanding of money.
Managing on a Low Income
Wednesday 9th June 2010 for one session at REID CIT Campus
Cost $20
Struggling to make ends meet? Sometimes it can be hard to imagine getting ahead, let alone really getting there. Living on a low income can take a lot of energy and require a lot of skill balancing your budget from day to day. Our habits and attitudes have a lot to do with how we relate to our money and making ends meet. You may or may not already have good money management strategies in place. This course is one of the first simple steps to making the most of your money, from getting a greater grasp on your day to day budget and debt strategies, to your longer term superannuation strategies.
Superannuation Demystified
Wednesday 14th April 2010 at REID CIT Campus
Cost $50
This evening will cover the taxation strategy of superannuation including the taxation on contributions while in the scheme, and on the way out of the scheme. Technical strategies such as advantages and disadvantages of salary sacrifice to superannutaion and defined benefit superannuation schemes in the context of your financial life and estate plans will be covered. |
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Money Mechanics are specialist financial life planners in the areas of self managed super funds, public sector superannuation, wealth creation, salary sacrifice, gearing strategies, estate and risk management planning.
Our financial life planning approach brings together technical expertise and the human touch to create a solution tailored towards your overall life goals.
We have a unique fee for service advice menu so you can choose how we work together based on a fixed hourly rate. We choose to not take upfront or ongoing commission on financial products, which provides clients with a greater understanding of what fees they are paying and what they are paying for.
No matter what your goals for life, seek advice and empower yourself to create wealth through understanding,
Scott Malcolm
Authorised Representative (No. 262368) Director & Financial Strategist
moneymechanics. |
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| Quote of the Month
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| "Only buy something that you'd be perfectly happy to hold if the market shut down for ten years"
Warren Buffett
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