Welcome to our winter wealth management update
This edition covers the following topics:
Year-end superannuation contributions and concessions
With the financial year end fast approaching, there is still an opportunity to make a final contribution into superannuation. Some of the contributions strategies and concessions available are summarised below.
Stock Spotlight: Amazon.com Inc (US:AMZN)
Amazon was founded by Jeff Bezos and listed on the Nasdaq in March 1997 at $18 per share. At the time its principal business was an online book store. Its pursuit of growth over profit was met with some scepticism in the early years and not without good reason as it wasn’t until 2001 before it became profitable.
The fallout from COVID-19 on commercial property
With its “ground zero” in the Chinese city of Wuhan, the coronavirus health issue quickly escalated to become a pandemic as it spread across the globe. Australia was found to not be immune from both the disease itself (though it fared better than the majority of nations in this regard) as well as the economic fallout resulting from the prolonged period of lockdown and the shuttering of many businesses.
Liability limited by a scheme approved under Professional Standards Legislation. Any advice included in this newsletter has been prepared without taking into account your objectives, financial situations or needs. Before acting on the advice you should consider whether it’s appropriate to you, in light of your objectives, financial situation or needs. You should also obtain a copy of and consider the Product Disclosure Statement for any financial product mentioned before making any decisions. Past performance is not a reliable indicator of future performance. Advisors at Pitcher Partner Sydney Wealth Management are authorised representatives of Pitcher Partners Sydney Wealth management Pty Ltd, ABN 85 135 817 766, AFS and Credit Licence number 336950.
