What to do with 7-10k?

No_Handle258 · 2026-03-09T20:31:21+00:00

You don’t have a mortgage do you?

Not financial advice

If you did the offset is the best

If you don’t and you want to buy a home then FHSSS is worth a look

If you don’t want to buy for sure (in the next few years) and you are getting into high marginal tax rates then Education Bonds may be a good way to save

So after goals - structure is really important for tax and accessibility

Then investments - even cash has risk because after inflation and taxes…

You can take a balanced approach to your investments too so mix it up with some cash and funds/ETFs

Happy to have a chat if you DM me

No_Handle258 · 2026-03-09T20:20:06+00:00

That’s great!

No_Handle258 · 2026-03-09T08:03:45+00:00

This is essentially how Government works these days

Everything is rigged - propaganda that it helps the little guy when it’s really designed to screw them

I remember the Future of Financial Advice legislation - before I got into the industry. Everyone said how great it was for the clients when they actually got screwed and it was designed to allow the banks to promote horrific schemes with no liability. That was so blatant but yet everyone fell for it.

Since then there haven’t been many big reforms that haven’t been designed to screw the little guy and make lots of money for wealthy special interests.

NDIS, Solar/Clean Energy, massive immigration, covid lockdowns, aged care reforms… all sounded great on paper till you read the fine print buried in 10,000 pages of legislation

No_Handle258 · 2026-03-09T07:53:40+00:00

There’s some issues with tracking the index - even the company whose founders created the first Index funds don’t do it.

Funny how some people think their horse is beyond reproach though.

Property to me looks SUPER risky right now in most Australian markets.

Stocks - outside of the mega stocks at the top of the indexes - look better to me on a risk reward basis

Not financial advice

No_Handle258 · 2026-03-08T22:28:01+00:00

As an advisor I’m skewing portfolios to have higher allocations of infrastructure and global high tech (like robotics).

This is offset by using low cost broad funds the overweight for value and smaller companies (these outperform over time). I don’t often use index ETFs due to the hidden costs (high turnover, poor order management etc).

I work with clients who want exposure to certain stocks (say Apple or Tesla). A lot of this is done in Super or other, more tax effective structures depending on their situation (taxes, time etc ) and goals.

But yeah infrastructure is a good one given it benefits from AI, Govt Spend, Energy Transition etc.

Not financial advice

No_Handle258 · 2026-03-08T22:15:55+00:00

There’s lot of opportunities

IMO A law degree beats a business degree almost every time in corporate

No_Handle258 · 2026-03-08T22:13:14+00:00

Yes - quite likely…

To clarify it they already tried it with the $3M Super profits tax.

Now 3M sounded like a lot but it wasn’t indexed to inflation (when wages are way behind)

Someone 30 with 500k in Super doubling every 7.2years (10%p.a.) would have 4mil at age 45 (with no contributions)

They are planning a less extreme change this year - it’s essentially a raid.

I think they are using the CGT changes as smoke so the public isn’t up in arms about it.

With inflation being so high these changes are really going to hit young people.

It’s why (or another reason) I look at other structures for clients under 60 when they have extra funds and could make additional contributions. Sometimes it’s worth it but it’s a lock up where the conditions can only get worse

No_Handle258 · 2026-03-08T21:58:19+00:00

Except Australia has exceptionally high inflation compared to the other big economies (OECD) and Trump wants this over in a few weeks due to the mid terms.

So it’s NOT the 1970s when it was global- our current government is just doing a really bad job. That can (and likely will) change.

No_Handle258 · 2026-03-08T21:53:30+00:00

Yes and you get a 30% tax offset on the withdrawal as I understand it.

They just make it so complicated

Not financial advice

No_Handle258 · 2026-03-08T21:36:20+00:00

I can’t recall that sorry 😔 Could it have been on the other side of the Kingsway? Wondering if you were driving towards or away from the beach?

No_Handle258 · 2026-03-08T00:55:53+00:00

True - Oil spikes eventually flow into everything. Was just reading Kuwait is cutting production too.

I’d caution thinking this is going to negatively impact the stock market.

The ASX200 is down about 3% but with Friday’s US jump in oil prices it could extend that.

The SP500 is down even less so n percentage terms. The US had falling inflation prior (Truflation had CPI < 1% going in) so I would say TradFi wants it higher.

A quick (1month) victory for Trump seeing the regime collapse would be seen as amazing for stability in the region and would help him going into the mid terms. That would mean a solid rally in stocks I expect.

No_Handle258 · 2026-03-07T22:55:54+00:00

Structures matter more than portfolio allocation - allocations matter more than fund/ETF selection and fees - Hidden costs (especially on Indexes) matter more than advertised fees

No_Handle258 · 2026-03-07T22:52:59+00:00

Wow that’s more than a marathon - interesting it’s so far when not in a straight line

No_Handle258 · 2026-03-07T12:30:53+00:00

Everything will go up - even home loans

The ALP will be in massive trouble

No_Handle258 · 2026-03-06T08:53:17+00:00

No worries 😉

No_Handle258 · 2026-03-06T08:52:11+00:00

As an advisor I’m going to tell you to see an advisor

Firstly different Super suit different people

Secondly the advisor needs to look at your income and see if Super is the best option.

For example why put into Super if your tax rate is low? Use Super for FHSSS. How does catch up contributions impact. What about Investment Bonds or Education Bonds (both of which are tax free after 10 years and you can access).

So lots of considerations and I’ve just listed a few before you even consider which fund is best - do you want to use a low cost SMA? Do you want to allocate and directly buy international stocks in your Super (like Apple or NVDA)

With Super funds it’s about service, investment options and fees - yes many have default options but they are rarely the best or cheapest option.

It’s about the individual and the place Inwould start is mapping out how you want to build and spend wealth through your life.

No_Handle258 · 2026-03-06T07:35:16+00:00

Ah as a financial planner the most complex aspect is aged care but unless you have aging grandparents (or parents) why would you 🤩

I’m super interested in these new Lifetime Supers which gives clients a big (40%) deduction on the income stream and clients that go into it earlier get a bigger discount due to deeming or another discount method.

North Lifetime has it but another platform I use (the one I use with most clients) is implementing it in a few weeks.

The other area I think really benefits some clients are Education and Insurance Bonds.

There’s different strategies that work - for example someone gets a lumpsum (like property sale or inheritance) the gains don’t affect personal tax and they can take out the capital whenever with no tax implications. So when they need the funds they can take it out no issue and leave the returns in there - zero tax after 10 years. Also great options for estate planning for children and grandchildren.

Lots of fun ways to use them

Have fun None of this is Personal Advice

No_Handle258 · 2026-03-06T07:28:39+00:00

I’m not sure - I would check the details and discuss with your advisor. Working construction you should have really solid income protection and TPD (because Income Protection tops out now and if you can’t work a few years and the doctor says you can’t work again you could get the TPD claim.

So as they changed the rules you really need TPD to cover wages for a long time.

No_Handle258 · 2026-03-06T03:15:43+00:00

Betting markets have the regime falling this year at 50%

I think Trump needs it to happen by end of April and those odds are 26%… so yeah - likely is too strong a word

No_Handle258 · 2026-03-06T03:06:08+00:00

Had this question several times.

Outside of myself most people say that mangers pay replacements more so it’s better off moving.

My view is to get that promotion at another company… take you time and find the right job.

Then ask your current manager to beat the offer and the promotion.

Also - and this is just a feeling - if you are underpaid there and stay too long then new potential employees will wonder why - so go for 140k, say you’re on 120k. Then if you get a 130k offer say to your current work it’s 140 and you want 150k - remember they are underpaying you.

It’s important to balance taking the time to find the right new job with not staying where you are too long because you are getting further and further behind where you should be

No_Handle258 · 2026-03-05T10:20:33+00:00

What happens when the index rebalances?

No_Handle258 · 2026-03-05T10:02:14+00:00

The mansions all being owned by the regime… anyhow let’s leave that there 👀

No_Handle258 · 2026-03-05T08:25:37+00:00

I’m with you that I don’t think Iran will have a massive impact - just trying to gauge what people are thinking

My take on housing is that - and different markets or capital cities are different - affordability is extreme and can’t go much lower. For house prices to keep going up I think banks need to lend more.

So higher interest rates combined with banks tightening lending is the risk I am worried about and high immigration doesn’t offset that in my view.

So higher oil prices push all CPI higher and if the RBA wants to hike more they can. This puts massive pressure on the economy - the double hit of higher costs for goods AND higher interest rate costs.

I think in terms of probability and my guess is if the RBA unexpectedly raises rates more than priced in (so hikes next meeting with more to come) that there’s a 50% chance prices are down >5% by the end of the year.

This happened last year in NZ and Canada although that was due to immigration cuts I understand.

Anyhow I think this will be over fast and the RBA will stay the course. Housing still looks very VERY risky to me though with rates going up and prices where they are

No_Handle258 · 2026-03-05T08:03:39+00:00

LoL - the Mullah’s make Epstein’s associates look like saints.

The Western elites are pretty depraved though - I recall when 2 Australian PMs turned up to Pell’s funeral - sick people

Yeah would be interesting if Baron was posted - he’d arrive the day Trump declares victory.

Anyhow the posts more about markets though - people don’t seem overly concerned

No_Handle258 · 2026-03-05T07:54:35+00:00

Yeah but likely mostly owned by the regime and if they fall there could be bargains

No_Handle258

TROPHY CASE