After the Budget: What Investors Should Do Next with Julie Bullen | Ask An Adviser

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Equity Mates Investing Podcast 38 min 8 speakers 8 chapters transcribed 3 months ago
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Why shouldn't investors panic after the budget changes?

Bryce 0:00
Everything you're about to hear is for education and entertainment purposes only. Whilst we are licensed, we're not aware of your personal financial circumstances.

What is negative gearing and how does it change post-budget?

Bryce 0:08
Any advice is general advice. Equitymates operates under Australian Financial Services Licence 540697. Today's episode is brought to you by Ausbill Investment Management Limited.
Ren 0:19
Ausbill have been in the game since 1997. That's nearly three decades of navigating Australian and global markets through bull runs, downturns and everything in between.

Should investors reconsider property, trusts, and growth assets?

Ren 0:28
They're an award-winning fund manager with over $20 billion in assets under management, so safe to say they know a thing or two about investing.
Bryce 0:35
Whether you're into Australian equities or want to cast the net a bit wider with global equities, Ausbill have the expertise and the track record to back it up.
Ren 0:43
To find out more, head to ausbill.com.au. That's A-U-S-B-I-L.com.au. This episode is brought to you by Viola Private Wealth.

What are the pros and cons of lump sum investing versus dollar cost averaging?

Ren 0:53
Viola Private Wealth are specialists in portfolio management for individuals and families who have built meaningful wealth and are seeking expert hands to protect and grow their capital.
Bryce 1:01
Viola manages over $2.5 billion for wealthy Australians and is the go-to destination for guiding clients in asset allocation, security selection and private market opportunities.
Ren 1:11
Their approach helps clients cut through the complexity of financial markets and make clear, well-structured decisions to grow their wealth.

Where would Julie invest $1 million: property or shares?

Bryce 1:17
Managing significant wealth should not feel overwhelming. With Viola Private Wealth, you will find guidance that is personal, practical and results-driven.
Julie Bullen 1:30
It's not the time for people to panic.
Ren 1:31
Negative gearing is not a strategy.
Julie Bullen 1:34
The only people paying capital gains are those people who made money.

Is debt recycling actually worth it for investors?

Ren 1:38
Welcome to another episode of Equity Mates, a show where we explore what's possible in the world of investing. My name is Bryce.
Bryce 1:44
And I'm Ren.

How should superannuation strategy be adjusted after the budget?

Bryce 1:45
And today we are unpacking some of your big questions from the budget and more generally about how we build wealth.
Ren 1:51
Joining us in the studio, we have Julie Bullen, who is a financial advisor at Fox and Hair. Julie, welcome.
Julie Bullen 1:56
Thank you. Thanks for having me.

What financial planning should couples consider for kids?

Bryce 1:58
Now, Julie, we love these Ask an Advisor episodes because for so many of the EquityMates community, they might be early in their investing journey or they might not be able to access an advisor. And this is their chance to put their questions to a professional financial advisor. And God, we got a lot of questions today. So many. Budget is obviously front of mind for people. And so we've got a bunch of budget questions where we'll start, but I think it's probably also triggered a lot of thoughts around more generally, how do we manage cashflow? How do we manage wealth building the decisions between property and shares? So I hope you're ready. Oh, and super as well. So I hope you're ready because we're going to start peppering you.
Julie Bullen 2:35
Awesome.
Bryce 2:35
Let's do it. So let's start general. We got this question from Shane in our Facebook discussion group. He asked, now that you've had time to sit with it, what's your read a couple of weeks post-budget?
Julie Bullen 2:46
Yeah, there was a lot of hype going into it. There was a lot of talk. And honestly, I feel like it's a little bit of a non-event. I think there's been a lot of media discussions about how big these changes are going to be. If we were to quote Jimmy, it's the most controversial budget of the decade. And The reality is that for most people and the everyday person, it's not going to change materially the way that we should be investing. Negative gearing is not gone. If these legislations come through, it's just kind of diverted to a different time period. Capital gains, there is a change there, but for anyone earning over $45,000, you're paying 30% tax anyway. And let's remember, if you are paying capital gains, it's because you've made money.
Julie Bullen 3:33
So that's kind of the point of investing. And trust, which without going too far into it, you know, the mandatory minimum tax rate of 30% that's going to be applied, it is going to impact some people, but it shouldn't materially impact the reason that you have a trust, which is ultimately succession planning, asset protection, generational wealth.

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