December 2020 Newsletter

Season’s Greetings! Welcome to our final newsletter of the year, and what an interesting year it has been!

Our first article provides insight into the importance of advice during turbulent times and explains why households who receive financial advice are generally less stressed about their finances than those who do not. As you know planning is the key to successful investing and we outline some tips to help you reach your financial goals.

We look at a recent report from the Australian Tax Office where they have identified the limited diversification of SMSFs and the weighting towards cash and term-deposits.

If you’re retired, find out how you may be able to turn the equity in your home into cash and allow you to continue to live in your home and neighbourhood.

Lastly, read about how a dog CAN teach you new tricks.

On behalf of our team we want to thank you for your support this year! We hope you have a wonderful holiday season and are able to spend time with family and friends and recharge, ready for 2021.

We love to hear from you, so please feel free to contact us with any questions about our articles in this newsletter on (02) 9326 2788 or email swilkie@bongiorno.net.au

Kind regards,

Bongiorno (NSW) Group

The difference advice makes being proven right now

People often make unwise or hasty decisions when they’re under stress. And a growing number of Australian households have found themselves under stress, both financially and non-financially, during the COVID-19 pandemic.

Read full article >>

Developing your investment plan

Planning is the key to successful investing. Creating a plan will help you find investments that fit your investing time frame and risk tolerance, to help you reach your financial goals sooner.

Read full article >>

Most SMSFs are still poorly diversified

Data only just released by the Australian Tax Office, detailing the asset allocations for all SMSFs in the quarter to the end of June, shows there was still a large investment weighting at that time towards cash and term deposits.

Read full article >>

What Is A Reverse Mortgage?

A way for retirees to unlock the equity in their homes.

Read full article >>

What my dog taught me about mindfulness

You can't teach an old dog new tricks, nor can you teach a slow dog how to go quick.

Read full article >>

Disclaimer: Whilst every attempt has been made to verify the information provided in this newsletter the Bongiorno (NSW) Group assume no responsibility for any errors, omissions, lack of care, default, negligence or contrary interpretation of the subject matter. This e-newsletter is general advice and has been prepared without taking account of your objectives, financial situation and needs and because of that you should, before acting on anything in this e-newsletter, consider the appropriateness of the advice to your financial situation, needs and objectives. If this general advice relates to acquiring a financial product, you should obtain a Product Disclosure Statement before deciding to acquire the product.

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