http://www.kfm.net.au/ Kimmorley Financial Management Articles http://www.kfm.net.au/?process=views/article.php&articleId=7515 http://www.kfm.net.au/?process=views/article.php&articleId=7515 The 2009 Federal Budget reflected a subdued economic climate, with pensioners and carers the big winners, and those in higher income tax brackets most likely to be adversely affected. Click Here to read some of the key issues   http://www.kfm.net.au/?process=views/article.php&articleId=7064 http://www.kfm.net.au/?process=views/article.php&articleId=7064 In the eye of the storm ‘There is absolutely no doubt that we are now facing a more frugal future.’ It is now clear that the global economy suffered the equivalent of a “cardiac arrest” in the fourth quarter of 2008. Fourth quarter GDP data will confirm that virtually every country in the world had a ghastly year end. In the United States, we could see the publication of a number as bad as minus 6% -... http://www.kfm.net.au/?process=views/article.php&articleId=7062 http://www.kfm.net.au/?process=views/article.php&articleId=7062 Yes we can... buy ‘In broad terms, I feel that equity markets could rally 20 percent or more in the short term’ This may not be the most imaginative Pain Report title and trust me I have been thinking all morning of an “eye catching” headline, but I thought it was time to be direct and to the point. For many months prior to last week, we held the view that equity markets had not yet fully discounted... http://www.kfm.net.au/?process=views/article.php&articleId=7059 http://www.kfm.net.au/?process=views/article.php&articleId=7059 No guts, no glory I really do not want to get into the business of providing a running commentary on every piece of economic data, or every central bank policy action or comment. There are two key reasons for this reluctance: there are heaps of people already doing it and they do a much better job of keeping on top of these developments than I do; and focusing too much on the day to day news-flow can make you lose sight of the things that... http://www.kfm.net.au/?process=views/article.php&articleId=7058 http://www.kfm.net.au/?process=views/article.php&articleId=7058 This Special Edition Videolink highlights recent issues in the United States and the impact on the HFA Diversified Investment Fund. Jonathan Pain is an Executive Director and Chief Investment Strategist of HFA Asset Management. Click here to view his webcast.   http://www.kfm.net.au/?process=views/article.php&articleId=7056 http://www.kfm.net.au/?process=views/article.php&articleId=7056 Hello and welcome to a personal update from Kimmorley FM In this bulletin we wanted to bring some recent developments to you as well as updates on current market conditions. I believe it is fair to say that we are all watching the markets very closely and now becoming far more familiar with terminology once reserved for market analysts and the clever people in investment management. We are now compelled to understand the impact that Sub... http://www.kfm.net.au/?process=views/article.php&articleId=7055 http://www.kfm.net.au/?process=views/article.php&articleId=7055 What’s going on? Let me begin by saying that I don’t know how the latest market turmoil is going to be resolved and, importantly, nor does anyone else. The degree of uncertainty has about world markets has clearly been increased. I have to be honest and say that I was a touch too sanguine that the credit market issues would slowly improve. Instead, things have clearly got worse. The latest shoe to fall is the bankruptcy... http://www.kfm.net.au/?process=views/article.php&articleId=7040 http://www.kfm.net.au/?process=views/article.php&articleId=7040 Guide To 2008 Federal Budget Summary The 2008 Federal Budget contained no major surprises, with many of the measures re-iterating previous announcements (including personal tax cuts). While there were no substantial changes to superannuation, there were still some items of interest. Examples include: Changes to interest deductions on protected equity borrowings A broader definition of ‘income’ for Government... http://www.kfm.net.au/?process=views/article.php&articleId=7039 http://www.kfm.net.au/?process=views/article.php&articleId=7039 Market Volatility - An overview of recent sharemarket developments I would like to provide you with an update on some recent developments in global sharemarkets. There has been volatility in recent times which is likely to continue, however it is very important at times like this to remain focused on the long term, the achievement of your goals and objectives and to understand that volatility is a natural characteristic of the... http://www.kfm.net.au/?process=views/article.php&articleId=7063 http://www.kfm.net.au/?process=views/article.php&articleId=7063 Share Market Muster - What questions should we be asking? During these uncertain times many people are asking questions about the safety of their investments – particularly in superannuation. I thought that I would share some commonly expressed concerns.  Q: Should I continue to salary sacrifice and make regular contributions into superannuation? A: Think of superannuation in two parts. One, the significant tax breaks... http://www.kfm.net.au/?process=views/article.php&articleId=7061 http://www.kfm.net.au/?process=views/article.php&articleId=7061 The Bull and the Bear “If history repeats itself, and the unexpected always happens, how incapable must Man be of learning from experience.” George Bernard Shaw Market Downturns and Recoveries Chart Bull versus Bear Markets (Source: Zurich) History tends to repeat itself. The economy and the share market are no different. We have had, and will continue to have, economic expansions followed by recessions. I find... http://www.kfm.net.au/?process=views/article.php&articleId=7060 http://www.kfm.net.au/?process=views/article.php&articleId=7060 First Home Saver Accounts What is a First Home Saver Account? A First Home Saver Account (FHSA) is a Government initiative that commences 1 October 2008 whereby first home seekers can kick start their savings towards a first home. Who is eligible? Anyone who is over age 18 and under age 65, has an Australian tax file number and has not owned a main residence in Australia or Norfolk Island. Also not have previously opened a FHSA with the... http://www.kfm.net.au/?process=views/article.php&articleId=7057 http://www.kfm.net.au/?process=views/article.php&articleId=7057 What can investors expect over the coming months?  Brian Parker (MLC Investment Strategist) breaks down the latest news and info on Investment Markets - click here to listen to his webcast http://www.kfm.net.au/?process=views/article.php&articleId=7053 http://www.kfm.net.au/?process=views/article.php&articleId=7053 Market Volatility – A further update of recent sharemarket developments I would like to provide you with an update on some recent developments in global sharemarkets.  Significant volatility that commenced in 2007 has continued to occur in more recent times. However, it is very important at times like this to remain focused on the long term, the achievement of your goals and objectives and to understand that volatility is... http://www.kfm.net.au/?process=views/article.php&articleId=7047 http://www.kfm.net.au/?process=views/article.php&articleId=7047 Economic commentary The month of June witnessed a clear slowdown in the Australian economy. Weaker numbers emerged for retail spending, job advertisements, consumer sentiment, lending for housing, car sales and job creation. Interest rates are biting.  Adding to consumer discomfort have been oil prices which hit US$140 during the month. Annualised retail sales growth has fallen from 8.1% in November 2007 to 4.7% in April 2008....