Welcome to the October Newsletter

An important message to all of our clients who currently still hold Pensions in the United Kingdom.  We have been advised that transferring Final Salary Schemes will likely be banned from early next year (April 2015) so if you are looking to move the funds to Australia, especially where the account in question has a transfer value in excess of £300,000, you need to be making a decision on whether you want to transfer this pension and contact me within the next 30 days if you would like to engage our services. 

The property market is still booming along at record highs. We discuss 10 things to keep in mind when you are buying property at auction.  Please contact me if you are considering Selling/Buying/Refinancing a property.  Our In House, Solicitor is available to provide and vet your Contract of Sale and I am available to raise a competitive Mortgage Facility for you.

The most popular month for market volatility is October. All the past stock market crashes have occurred in October. This October is no different. The market has had the highest volatility index since the Lehman Brothers crash in 2009.

Overseas investors have sold Australian shares to avoid compounding losses with the recent declines in the Australian Dollar.

Add the Ebola scare to the mix and you have a correction that’s been waiting to happen. Even though we have had a 7% reduction in the ASX since September, economists are still saying it is a minor correction and nothing to concern ourselves about long term. We will watch this market with interest for the next month. Shane Oliver’s Chief Economist AMP article, Correction or a Bear Market? is well worth a read. 

Finally we discuss the growth in the establishment of Self-Managed Super Funds and whether one may be right for you.  Please contact me if you require further information.

Enjoy the reading.

Gordon Hatch

Telephone – (02) 9411-4161

Email:  gordon@taurusfinancial.com.au