Sydney Wealth Management Update Autumn 2024
Welcome to our latest Wealth Update – Autumn 2024.
This edition covers the following topics:
Helping your super work harder – the flipside of tax reform
In response to the cost of living crisis, all Australian individual taxpayers will receive a tax cut for the next financial year 2024-25. Find out what this means for you in terms of take-home pay and how you can boost your super by utilising tax savings.
Reporting season update – Australian equities
A surprisingly strong reporting season for some, as the average household has weathered interest rate hikes better than expected. China growth fears are a worry for our mining exposures while secular growth tailwinds continue to underpin business fortunes as Australian businesses look to capitalise on new technology such as artificial intelligence (AI). In others, a return to basics such as value for the consumer (e.g. Coles) is key. Read on to learn how our portfolio companies are navigating broader economic and industry-specific challenges.
Reporting season update – International equities
A strong end to 2023 and start to 2024 was a common theme across the portfolio. Inflation remains a lurking threat. Meanwhile artificial intelligence and weight loss drugs continue to define investor sentiment with meaningful growth and profits stemming from the frenzy of consumer and business demand. Lastly, economic uncertainty is a lingering concern, but a clearer picture is starting to emerge, and businesses are putting themselves on the front foot. Read on to learn more.
