Not only will it hurt the so-called wealthy, it will hurt those with no taxable income who enjoy the cash bonus in retirement. Of course there are investors on the other side of the fence. But what about those who’ve set up plans to benefit from these franking credit cash bonuses? Is Labor going to toss them to the side to win votes from the have nots?
The Dow Jones dropped 1,175 points on Monday — the largest single-day point drop in history —erasing all profits made so far this year. The 4.6% decline is the biggest percentage loss the Dow has suffered since 2011, when we saw a drop of 1,089 points on 24 August.
Last week you probably caught a glimpse of Peter Costello in the press somewhere, grinning from ear to ear. So why was our longest-standing — and arguably most successful — treasurer looking so happy?
Even previous bitcoin sceptics like US ‘Shark Tank’ star and tech billionaire, Mark Cuban are starting to invest in crypto-focussed funds. He just backed a new Initial Coin Offering (ICO) called 1confirmation.
With this in mind, would you prefer to buy companies paying dividends over those that don’t?
While the official retirement age might be 67, we should mirror-reverse those numbers and expect the unofficial number to be 76.
If you think about income-generating assets, what comes to mind? Real estate? Bonds? Stocks? You can generate income from all three. But which is the best?
I argued for some time now that there is a war on cash. That the government is ushering us to digitise our assets to lock us into the banking system.
When under pressure, people tend to make mistakes. This applies to businesses and governments. After Hurricane Katrina, US government made costly errors.
The way you dress, the way you eat and drink...even the home you live in...can be as good as any billionaire’s. It’s all entirely within your reach.