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Monthly Musings
Click to view: An insight into Entrust

Good afternoon! 

Here is our Monthly Musings for February.

We hope you enjoy.

Markets Update
Observations from February.....

Whilst the month of February was again positive for most growth assets, of much greater significance to investment markets generally was a very sharp ‘back up’ in the yield on US (and Australian) 10 year treasuries.
 
This selling in bonds has been driven by higher economic growth expectations on the back of improving COVID case rates, positive vaccine developments and the anticipation of large fiscal support packages.
 
A steepening yield curve points to economic growth and is therefore positive for investment markets but the sharp move in February has sparked a rotation away from the high growth sectors in the market (think big tech) that are valued on a long runway of earnings growth, into value stocks, commodities and cyclicals that might benefit from higher industrial production.
 
Inevitably markets have one eye on inflationary pressures that may or may not eventuate and this has driven a lift in volatility.
 
Below is a chart on the yield of a 10 year US Treasury Note
 

 

3 Minute Tech
Episode 7: "Contributing to Super over age 67 ("The Work test")"
One of our core pillars at Entrust is education, and sharing our knowledge with our client community.

As per the video above, we continue on to Episode 7 of our short video series, 3 Minute Tech.
 
Our goal with these quick and to the point videos is to explain sometimes technically challenging topics in simple and easy to understand language.

Please click on the link below to access the library of 3 Minute Tech episodes.

Click here for the 3 Minute Tech Library:
Episode 1: "Who gets my super when I die"  
Episode 2: "How much tax do my beneficiaries pay?"
Episode 3: "How can I reduce the tax burden to my adult children”
Episode 4: "Is Super still Super?"
Episode 5: "How to build your Super Nest Egg?"
Episode 6: "Concessional Contribution Catch-up Provisions"
Episode 7: "Contributing tom Super over age 67 ("The Work Test")"
This 3 Minute Tech episode covers important issues. If you would like to discuss further please do not hesitate to contact us.
 

Focal Point
The Transfer Balance Cap (TBC) began on 1 July 2017 and represents a lifetime limit on the total amount of superannuation that can be transferred into retirement phase income streams. The $1.6 million general TBC will become $1.7 million from 1 July 2021. Once this occurs, there won’t be a single ‘cap’ that applies to all individuals.

In this month’s Focal Point we outline some of the implications of the upcoming changes.
Click Here to Read

Entrust Team Feature
Each month we provide a video insight into our great team. This month we are featuring Investment Adviser & Associate Director, Matthew Reece. Great video Matt, well done!
Click to View
Referring Entrust

We understand that referring Entrust to a family member or friend represents trust that the service we provide has an important role to play and that we can be relied upon to perform that role. We are grateful and thankful for these referrals.  

Please do not hesitate to forward this edition of "Monthly Musings" to those who you believe may benefit, or alternatively they are welcome to contact us. 
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Podcast suggestion for the month


Stephanomics
Bloomberg

On Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders—the former BBC economics editor and chief market strategist for Europe at JPMorgan Asset Management—they combine reports from Bloomberg journalists around the world and conversations with internationally respected experts on these and other issues to bring the global economy to life.

This podcast is available from where ever you access your favourite podcasts.

 

Book suggestion for the month

 

The Resilience Project, Finding Happiness through Gratitude, Empathy and Mindfulness

Hugh van Cuylenburg was a primary school teacher volunteering in northern India when he had a life-changing realisation: despite the underprivileged community the children were from, they were remarkably positive. By contrast, back in Australia Hugh knew that all too many children struggled with depression, social anxieties and mental illness. 
That completes this February edition of Monthly Musings.

Until next month,

Kind regards from all the team at Entrust
entrustwealth.com.au


Entrust Wealth Management Pty Ltd  ABN 80 100 088 168

Authorised to provide financial services  AFSL 222152

Level 18 Alluvion 58 Mounts Bay Road Perth WA 6000 

PO Box Z5034 Perth Western Australia 6831
 

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This publication has been compiled by Entrust Wealth Management Pty Ltd ABN 80 100 088 168 AFSL 222152 (Entrust).

This publication is current as at time of preparation. Past performance is not a reliable indicator of future performance. Any outlooks in this publication are predictive in character. Whilst every effort has been taken to ensure that the assumptions on which the outlooks given in this publication are based are reasonable, the outlooks may be based on incorrect assumptions or may not take into account known or unknown risks and uncertainties. The results ultimately achieved may differ materially from our outlooks. Material contained in this publication is an overview or summary only and it should not be considered a comprehensive statement on any matter nor relied upon as such. The information and any advice in this publication do not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness having regard to these factors before acting on it. This publication may contain material provided directly by third parties and is given in good faith and has been derived from sources believed to be reliable but has not been independently verified. Entrust is not responsible for such material. To the maximum extent permitted by law: (a) no guarantee, representation or warranty is given that any information or advice in this publication is complete, accurate, up-to-date or fit for any purpose; and (b) neither Entrust, or its authorised representatives, is in any way liable to you (including for negligence) in respect of any reliance upon such information or advice. It is important that your personal circumstances are taken into account before making any financial decision and we recommend you seek detailed and specific advice from your adviser before acting on any information or advice in this publication. Any taxation position described in this publication is general and should only be used as a guide. It does not constitute tax advice and is based on current laws and our interpretation. You should consult a registered tax agent for specific tax advice on your circumstances.  For further information on any issue discussed in this publication, or on any financial matter, please contact your financial adviser.
 
 






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