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New Financial Year – New Perspective

New financial year

Welcome to the new financial year 2021! Well, what a year we’ve had so far, I don’t think it needs a recap with so much coverage in the media.

From a personal point of view, the COVID-19 lockdown ended up being a period of taking part in home schooling, (which was quite interesting if you are a parent and you experienced that) but it was also an opportunity to spend more time with the family and to do more exercise. For me, the lock down period was actually good from an exercise perspective, in fact I actually lost three kilos, so I’m pretty proud of that. It also allowed us for the first as a family, to cycle around Sydney CBD without any traffic; something that is impossible normally, so at least there were some positives.  Needless to say, there were many negatives too, but at least we were able to experience something extraordinary that we couldn’t under usual circumstances. Our heart goes out to all clients and their friends and family who have been affected during the past months, whether it’s through death, illness, or changes to their employment circumstances. We are here for you and are eager to help in any way that we can.

During the last quarter, the Moneyclip team has been working very hard at keeping clients informed and implementing actions tailored to their programs, certainly the end of financial year was quite flat out. From a professional perspective, one thing I do know is that our stock markets and economy are moving somewhat in different directions and we are of course staying abreast of that on a day to day basis.

Looking ahead to the 2021 financial year, we will continue to work through tweaking clients’ portfolios and cautiously moving forward with any actions we take. Yours truly is now part of a panel of experts in ‘Business INsights’, who deliver updates every Monday afternoon. I cover the areas of investments, super and interest rates (banks and home loans). Be sure to subscribe here.

Feel free to browse through prior week’s episodes where you will find other updates, such as accounting, property market, insurance, business advisor and HR for business. You’ll find some really great nuggets, even if I do say so myself!

We also want to thank our clients for their support and understanding during this period, in particular, those who have referred new clients to us over this last quarter. It certainly is a great vote of confidence to the manner that we deliver our services and look after our clients. We look forward to being of service to them in due course.

The premise for the next 12 months is playing the ‘patient game’, moving forward, softly, softly. As always, don’t forget to exercise some key practices over the next 12 months, such as:

  • Only use your credit card when you have the money to pay it off.
  • If you are deferring loans at the moment, where possible try to at least pay the interest on the loan.
  • Save before spending.
  • Don’t forget to still smell the roses – we know that life is fragile.

If you would like to discuss matters about your program or engage us at any level, please don’t hesitate to contact us at 02 9299 2292, or myadviser@moneyclip.com.au

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