What does the federal budget mean for your money, property & super?
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Property investors often talk about using debt to build wealth. In the share market, that's called gearing. With the BetaShares WealthBuilder range, investors can access moderate gearing into shares, and with the newly launched GG-BL, That means exposure to a diversified portfolio of around 1,300 global companies excluding Australia, all with no loan applications, credit checks, or margin calls. Gearing magnifies both gains and losses, so it's only suitable for investors with a very high tolerance for risk. You can learn more about the WealthBuilder range of ETFs at the BetaShares website. And don't forget to read the PDS and TMD to decide if it's right for you. BetaShares Capital Limited is the issuer.
Here's something worth knowing if you've been meaning to make the switch to a better broker. To celebrate their fifth birthday, Perla are offering three free trades a month for five months if you transfer your portfolio across with a minimum of $1,000. For anyone investing regularly, that's meaningful savings on brokerage that can stay invested instead. Perla is chess-sponsored, built specifically for long-term investors, and now has over $3 billion invested on the platform. If you've been with a platform that doesn't quite fit your strategy anymore, it might be time to take a look. You'll find all of the details at perla.com slash lp slash rask. That's perla.com slash lp slash rask. They say it's to do with intergenerational equity, which basically means that like the next generation can afford houses, right?
That doesn't make sense if everyone's still negative gearing the houses that they already have. The rich people still get to do what they were doing. The younger people who haven't been able to do that do not get to do it. And this is like the complete opposite of what they're saying they're doing it for. The budget has been dropped. People don't know what to expect, what it all means. Are investors really going to be hurt as much as we think? What about everyday people, single parents? What about people with super balances, SMSFs, that's self-managed super funds, ETF investors? Do you need to do more for your tax now? We're going to cover all that. We've got a heap of questions from you. I know there's been a lot of noise about the budget this week, but hopefully this brings you some clarity and some calmness.
coming into the weekend. And if you have any more questions, be sure to write in to us because we'll just answer those. You can use the comments on YouTube, Spotify, or just send us a message directly via rast.com.au slash question. As always, joined by my partner in crime, Gemma Mitchell, here on the Australian Finance Podcast. Welcome to the Australian Finance Podcast by Rask. Together, we will improve your relationship with money, discover the world of investing, save more money, and design the life you want. Please don't forget to subscribe to the show on Apple, Spotify, YouTube, or wherever you get your podcasts because we share at least two wonderful episodes every week. You should know that our favorite episodes drop on a Monday and a Friday with bonuses on Wednesdays.
Finally, to hear more from us and get show notes and all those other wonderful things like free courses, head to rask.com.au to find us online. Gemma, Mitchell, how are you doing?
I'm doing great. I'm so excited to get into this episode.
Yes.
I must admit I'm a little burnt out from social media with all the budget updates, which I'm sure people can... resonate with. It's a lot. There's a lot going on. Everybody's got a perspective and a hot take on it, but it has been so fun. So we're recording this on the Wednesday. So the announcements came out last night. It has been so fun diving into the detail and the strategy with the advice team here, because we all nerd out on this stuff and we're still getting our heads around it. And I think the important thing to understand is it's not legislated, it's proposed and amendments can still happen. So while we're not jumping the gun with what is this, the outcomes and what are the actions that need to, it is fun to kind of dive into the detail and the strategy and examples.
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