And I believe you can carry forward amounts you haven’t contributed for 3 years.
But only if your balance is less than $500,000 at the start of the financial year.
my.gov.au will tell you how much carry-forward is available to you.
yep 27,500 limit, plus can contribute more carry forward amounts if super less than 500k (max of 5 years, started in 18-19)
can do extra super salary sacrifice out of pay, or claim a tax deduction for a contribution on your tax return, so can check my gov in June and throw a lump sum in, claim a tax deduction and get a tax refund, or reduce tax to pay,
Pretty sure that if you claim a tax deduction, those contributions will be subject to 15% contribution tax payable by the fund.
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Also the partner contribution which the government tips in a bit extra. Obviously if you can afford this, it’s ‘free money’ with compounding interest until you retire.
…but market volatility present some opportunities
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I put through an order for SYA a couple of weeks ago at 14.5, it went through last week. Monday would’ve been better as it turns out, but it’s back up to 15. Let’s go plz 
.
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AVZ is the word. DYOR.
was down to 8 cents and back past 10.
lithium up today helped my portfolio.
i’m not that confident in the market at the moment though.
We are past the 07 and 20 peaks, so at some point it will have to correct itself. In the short term however, governments seem keen to continue with cheap credit and printing currency like mad. Hopefully it’s a while away yet…
FB group thinks big new coming for SYA this week, will see. apparently a few trades went through end of day, lots of volume.
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I reckon Ali Baba(NSQ BABA) is a very very good speculative bet right now.
Financials are fantastic. Latest quarter revenues record breaking
Sure the share price has been hammered by the CCP intervening, but they won’t stop it from rolling on. It’s too big.
I’m a bit worried about the index overall though. Tesla, “meta”, “alfabet”. US big tech seems too pumped up to me valuations wise.
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Since the pandemic, the world’s four largest central banks have collectively pumped more than $9 trillion in cash into the global financial system. The effect of all this was to drive down bond yields and this in turn has sent investors into ever-riskier asset classes in pursuit of returns.
Yikes.
I think (read: hope) we are getting toward the end of this cycle. As central banks dial this back, bond yields on safer assets will start to look a lot less anaemic and portfolios might just return into balance.
I cant wait.
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By the way, the biggest moving (improving) asset class in the US at the moment is, in fact, in venture capital funds i.e. start ups
Might already be too late…
I have some cash to invest, any suggestions on what to do ? Wait for the blood to flow on the streets, or invest in assets that will weather a storm ? If so, what ?
Here is a bit of an old investment formula to help.(general advice, just a chestnut. Take with a grain of salt etc)
Assuming you have no other investments
Take your age.
Subtract from 100.
Put the number your get percentage wise into equities. Start with the market(eg a fund) or a diverse enough bundle of individual stocks.
The smaller number if less than 50 years old, should include your home equity.
Example:
25 year old would have
75% in equities
25% in cash/bonds or property.(obv the property may come later)
When 40.
60% equities(shares)
40% cash, bonds, home equity.
Obv there’s other things you can invest in it’s just one way of doing a quick risk appetite profile based on age.
Oh and I’ve read that there really is no difference between dollar cost averaging into something you like and putting all your money in at once. In fact your usually more likely to miss out on gains by dollar cost averaging. People just do it because they are nervous. more as likely to cost you
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Oooh…its about to start.
Source: The Economist, today
Strange times indeed.
I’m pretty angry at APRA. They have sat on their hands letting housing go completely out of control before stepping in and only act when interest rates look to rise anyway.
It’s because the big 4/5 retail banks control everything.
We should have never had a debt fueled housing boom, it was completely unnecessary.
The only housing boom that should have let run course is genuine demand for out of city property as people migrated in record numbers for lifestyle.
■■■■■ me to tears
When your kids, yourself or parents can’t make repayments and the economy is in the toilet(because we are all servicing debt).
Look no further than APRAs lack of action on meaningful macro prudential reforms and the Liberal National parties decision to wind back responsible lending laws from the Hayne Royal Commission.
And this pain is coming.
It could have easily been contained to the share market.
■■■■ em.
But you know it’s fine because the local realestate agent can drive a 5 series BMW and bankers get their bonuses.
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Possibly.
Hard and fast of it is that a lot of retail investors, if not the overwhelming majority of retail investors, including myself, are nervous investors .
I find that DCAing allows me to cope when the share price of a stock I own falls off a cliff, as opposed to selling them off myself, perhaps at little gain, and also lets me purchase more when they’re higher, knowing that overall my average price isn’t at a premium.
I think it enables more rational decision making which I would argue is always going to make someone better off tho.
It’s usually just a savings mechanism anyway. Most people and putting in monthly amounts as they make money. I don’t think there’s many people that would start with a total sum of money but drip feed it into an investment over a long period of time.
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