This week we’re discussing the Labour government’s newly released state budget, and Treasurer Tim Pallas’s plan to fill a large hole in the budget, caused by the downturn in the property market and subsequent slump in stamp duty revenue.

Since November 2018, revenue forecasts from stamp duty have been revised down by 5.2 billion. To help generate revenue to make up for the hole in the budget, tax paid by foreign property investors will increase 1%, and tax paid by absentee landowners will increase 0.5 %; both in line with New South Wales rates.

Other news in the ‘budget of hard choices’, includes a forecasted surplus of $1 billion for 2019-20, growing to $4.9 billion in 2022-23. In parallel with the surplus, the net state debt will more than double over the same duration to $54.9 billion by 2022-23, to pay for the Melbourne Airport Rail Link and the Suburban Rail Loop.

Listen in to hear Brett, Joel and Louis discuss the Victorian state budget now.

This Week’s Investor Exchange Round Table Covered:

AustralianSuper Pty, plans to expand overseas to seek more investment opportunities, opening an office in New York and expanding in London. Listen in for Joel’s insights on the advantages of investing in overseas companies. (17:24)

Joel raises the issue surrounding a lack of diversity in Australian export markets. With 80%  of exports being commodity based, and only 20% of exports being service-based, we haven’t been successful in broadening our spread of exports. Listen in on what this may mean for investors. (26:28)

We’re only days away from the 1st of June, which means: Tax time! Listen in as Louis shares the top 4 tax concessions. (32:52)

You Cannot Be Serious:

A police officer in Lincoln Nebraska arrested a 26-year-old man for various nasty charges, who tried lying about his identity while wearing a name tag!

A Boston man returned home with his young child to find his backdoor wide open. Expecting he had been robbed, he was pleasantly surprised to find the intruder cleaned his entire home. Speculators suggest a house cleaner turned up to the wrong address, broke in, and cleaned up!

Listener Questions:

Write in to get your investment and wealth management questions answered by Joel, Brett and Louis.

Ask a Question: https://theinvestorexchange.com.au/ask/

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The Investor Exchange Theme Music: “Happy Happy Game Show” by Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0.

Image Source: The Australian

This week we’re discussing the impact the shock Liberal election win has had on financial markets. Interestingly, there has been a strong rally of lower-quality stocks early this week, while leading stocks were sold off quickly.

Since Labor’s policies would potentially dent bank earnings by reducing the capital gains tax discount, limiting negative gearing and imposing touch restrictions and higher bank levies on mortgage brokers, the surprise Liberal win has helped banks gain ground. Following the Liberal win, banks, industrial businesses and larger corporations on the ASX appreciated a significant relief rally.

Listen in for more information on the impact the election has had on financial markets; and investing in businesses that are subject to cycles, including changes of government.

This Week’s Investor Exchange Round Table Covered:

Joel shares his insights on what to expect from a financial perspective with the Liberal Party win, including small business and personal tax rates. (6:02)

Now that the election has passed, the property market will see an increase in confidence among buyers and sellers. Listen in for Brett’s insights on the short-term expectations in the property market following the election. (31:44)

Louis explains his philosophy on measuring success, and staying motivated and focused. Listen in for his strategy for creating clear KPIs and using a balanced scorecard approach in both work and at home to increase professional, financial and personal success. (38:23)

You Cannot Be Serious:

Last week you may have noticed Snapchat released a few insane new filters, including one that changes the appearance of your gender. One young man in the UK tested out the filter by creating a fake tinder profile using the female Snapchat version of himself, and wound up with over 1650 profile likes and up to 400 matches!

News.com.au logged a few quotes overheard at the polling booths, including: “Dad, I thought we were going boating”; and “I can’t believe the Greens are handing out printed ‘how to vote’ flyers, that’s not very environmentally friendly”!

Listener Questions:

Write in to get your investment and wealth management questions answered by Joel, Brett and Louis.

Ask a Question: https://theinvestorexchange.com.au/ask/

Join the Conversation: fb.me/theinvestorexchange

The Investor Exchange Theme Music: “Happy Happy Game Show” by Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0.

Image Source: The Australian