Federal Budget 2020/21

The economic, financial, physical, mental and emotional issues that have arisen due to the COVID-19 pandemic—which immediately followed the devastating bushfires and drought—have undoubtedly been felt by many of us. The Government’s recently delivered 2020-21 Federal Budget aims to focus on rebuilding our economy, creating jobs and securing Australia’s future, with the Government’s ‘COVID-19 Economic Recovery Plan’.

In previous years, the Budget has traditionally been delivered in May, though due to the COVID-19 pandemic, it was delayed and Treasurer Josh Frydenberg delivered the 2020-21 Budget on 6 October 2020.

To read more about the Federal Budget and what it means for you, please access this Federal Budget Report.

Please contact us to discuss any questions you have about the budget and what it means for you.

Financial needs and wants in a post-COVID-19 world

The COVID-19 pandemic has undoubtedly changed the world as we know it. And, while this event is first and foremost a public health issue, other clear and significant issues have also emerged for many of us, be they economic, financial, physical, mental and/or emotional.

While there appears to be some light at the end of the tunnel, and restrictions are gradually being wound back, uncertainty and caution remain—which is an understandable human response.

What we have experienced, and continue to work through, is something truly unique in terms of its overall size, reach and impact. The world grounded to an almost halt, and we were placed in unfamiliar and surreal territory.

What we do know, these changes have affected us on many levels, both temporarily and in some cases permanently. Our strengths and weaknesses, our opportunities and threats, and our values and priorities have been tested. And, with this, some things may revert back to normal, and others may not.

Although there have been many negatives from this event, perhaps one positive has been the opportunity to pause and reflect. By doing so, we have gained insights and learnt lessons about ourselves, which can be used to move forward in a positive direction.

Continue reading “Financial needs and wants in a post-COVID-19 world”

Believe in yourself

One of our advisers, Raquel Netto, was recently featured in the Financial Planning Association’s Money & Life Magazine.

It’s a great article highlighting Raquel’s achievements, including winning the Gwen Fletcher Memorial Award for being the highest achieving student in the Certified Financial Planner Certification unit. Raquel discusses the growing role of women in business, the importance of higher education standards in the financial planning profession, study advice, her personal work ethos and the demands of juggling a career, family and study.

Raquel approaches work, study and personal endeavours with the same enthusiasm and drive for excellence.

“My personal value system means that for any project or challenge I take on, I give it 100 per cent, because if I’m not going to give something my very best effort, then I shouldn’t be doing it.”

Drawing on her personal experiences, Raquel’s advice to others is that

“through hard work and by having a positive attitude, you will be able to achieve anything you set your mind to. Always believe in yourself and trust your own judgement.”

The full article is available on the Money & Life website.

Australian Equities: 2018 review

2018 was a challenging year for global sharemarkets, including Australia’s where the ASX 200 declined -6.8% over the calendar year.

The gains made in the first eight months were given up as the sharemarket fell from late August over a growing list of concerns, including, disappointing 2019 growth projections, the impact of higher US rates, the continued US-China trade war and the uncertainty caused by Brexit.

Anton Tagliaferro is the founder and investment director of Investors Mutual Ltd, a boutique, value style Australian equities fund manager. Drawing on his extensive experience with over 30 years in the finance industry, Tagliaferro observes that “in the initial stages of a sharemarket correction, it is not uncommon for almost every stock to fall as many investors rush to reduce their exposure to sharemarkets. However, when the panic subsides, and sanity prevails – which inevitably happens – good quality companies with strong underlying businesses, and with real earnings always recover well.”

Tagliaferro expects to see a period of consolidation in markets following the heavy falls of the December quarter.  He recently shared his outlook for Australian Equities:

“At the end of December, we started to see the emergence of very good value amongst many quality Industrial stocks, which our Funds are heavily skewed towards and we expect the quality of these stocks to show resilience should the sharemarket correct further.”

Continue reading “Australian Equities: 2018 review”

Joining the Sterling Private family

We are very pleased to confirm the change of licensee for our business to Sterling Private Pty Ltd (AFSL 490523).

Following a period of careful consideration and extensive review, we made the strategic decision last year to change licensee for the purpose of providing financial services to our clients.  We feel that a move to a boutique, non-bank aligned licensee is more suited to our business and our clients’ objectives moving forward.

We are excited to be working with the team at Sterling as we explore the opportunities our new licensee offers to improve the way we work with our clients.

To our existing clients, we would like to emphasise that your ongoing relationship with our firm will remain the same following the change of licensee.  Our team remains the same and we will continue to deliver you with quality advice and outstanding service.  All your investments, insurances and the services that The Wealth Mentoring Group provide to you remain unchanged.

If you have any questions about what our change of licensee means for you, please get in touch with us.

Click here if you wish to access a copy of our Financial Service Guide.

Share The Dream

What is the “Invisible-Money Generation”? It’s a term that’s been coined to describe the younger generation who sometimes struggle to grasp the value of REAL money in a digital world. So how can we teach the next generation the value of money, when it is mostly invisible?

We recently came across the Share the Dream research report which has some interesting insights into how Australian parents are raising the next generation – the ‘Invisible-Money Generation’.

The report confirms that parents find it hard to talk to kids about money in the digital world. Interestingly, 62% of the parents surveyed believe their children’s generation will be financially worse off than they are. So what can we do to ensure our kids develop healthy money habits and skills?

For great tips and activities to help you talk money with kids, check out the How to Talk Money with Children eBook:


#sharethedream #InvisibleMoneyGeneration



Trumponomics and investment markets – Oliver’s Insights

There is plenty of debate regarding whether Donald Trump’s presidency is a positive or negative for share markets.  In his recent article, Dr. Shane Oliver looks at the risks for investors from President Trump’s approach and policies.  The key points are:

  • So far President Trump has been positive for share markets but this year the focus is increasingly shifting to populist policies with greater risk for investors.
  • The key risks to keep an eye on in this regard relate to trade conflict and the expanding US budget deficit, although the latter is more a risk for when the US economy next turns down.
  • However, the best approach for investors in relation to Trump is it to turn down the noise given the often contradictory and confusing news flow he generates.

You can read the full article here: Oliver’s Insights – Trumponomics and investment markets

Dr. Shane Oliver is Head of Investment Strategy and Economics and Chief Economist at AMP Capital.


Royal Commission Comments

There’s been significant media attention recently regarding the Royal Commission into the Banking, Superannuation and Financial Services Industry.  The Royal Commission has so far focussed on the big four banks and AMP and has exposed some serious failings in the industry.  Sadly none of this has surprised us and we are disappointed at the conduct of some people in the advice industry, particularly as it has the potential to tarnish the reputation of the entire financial advice industry.  To that end, we welcome the Royal Commission in the hope that it will raise standards within our profession and restore clients’ trust in the financial advice they receive.

We understand that you may have questions about what this all means for The Wealth Mentoring Group so we wanted to reaffirm our position:

Continue reading “Royal Commission Comments”

Welcome to our new website

Our team is proud to launch our new website.  We hope it gives you a sense of who we are and how we work.

We are passionate about what we do – that is, helping our clients identify what is worrying them and developing a plan so that they can stop worrying.  We work in partnership with our clients to develop tailored financial plans.

To our existing clients – we’d like to extend a warm thanks for your ongoing support.  We look forward to continuing our partnership and supporting you in your financial life.

If you are new to us, we hope you give us the opportunity to work with you to achieve your goals.

Feel free to explore our website and if you have any questions, feedback or would like to learn more, please contact us.

Welcome to The Wealth Mentoring Group!