Sycon Wealth

19/09/2023

Spring is here...the Footy finals are so close and your Sycon Wealth team are still on your side.
Call us if you need us!
Sycon Wealth Newsletter Edition 4 2023

https://eread.com.au/syconwealth/158893

14/03/2023

Sycon Wealth Newsletter Edition 2 2023

With the changing season, it could be time to look at change in your Financial goals or just review where you are heading.

In the second edition of our Newsletter, we have included:
* Using Equity to buy an Investment Property - using what you have to your advantage.
* Volatility is here to Stay - investing is subject to the volatility of the market so we need to acknowledge the impact.
* 8 Retirement Mistakes and how to avoid them - we can't predict what will happen but we can learn from others mistakes
* Protecting your Family - how to ensure you are ready for the unexpected

With Autumn underway, the changing season is a reminder to take stock and prepare for what’s... https://eread.com.au/syconwealth/152147

07/02/2023

Sycon Wealth Newsletter Edition 1 2023

We believe that knowledge is power when it comes to your finances, and our goal is
to provide you with the information and tools you need to make informed decisions
about your financial future and to prompt you to ask questions.

In the first edition, we have included:
 Mortgage vs Super - what to do with your available surplus cash.
 How Much Super Do I Need to Retire? - always an important question to ask and plan for.
 Strategies for Long-term Investing - play the long game for ultimate rewards.

As a new year begins, we wish everyone a happy, healthy and prosperous 2023. Many families will... https://eread.com.au/syconwealth/150812

20/12/2021

Merry Christmas from our family to yours!

We wish everyone a safe and happy holidays and we can’t wait to take on 2022 with you all! ❤️💚

28/10/2021

Sycon Wealth would like to welcome our newest member to the family… Natassja Purontakanen!

Tash will be joining our team of Advisers and will bring with her years of experience in the financial planning industry. Whilst being a Financial Adviser, Tash also hosts an impressive professional sporting background currently playing for the St George Illawarra Dragons in the NRLW competition and for QLD in the State of Origin series.

If you see Tash around the office be sure to say hi, or if you would like to contact Tash directly for any financial planning enquires you can send her a direct message or get in contact with her via our office or website.

20/08/2021

Sycon Wealth would like to congratulate client Alex Glenn on an outstanding career in the NRL and all you have achieved for the Brisbane Broncos and at the international level for New Zealand and the Cook Islands.

We wish Lex, his wife Jemma and their family all the very best for the future and what it holds!

01/07/2021

GOOD DEBT v BAD DEBT

For most people, debt is a part of life. None of us like making those interest payments, but saving enough cash for really big purchases – say, a home or education - isn’t always possible. And in some cases, it isn’t financially smart.

So, if you probably have to take on debt at some point in your life, how can you tell when it’s worth it? How do you know when the cost of interest is worth the benefits? Well, good debt benefits your financial future, while bad debt harms it. And luckily, what you’re buying often makes that distinction clear.

There’s an argument to be made that no debt is good debt. But there are cases where taking on debt pays dividends in the future. Here are a few:

1. STUDENT LOANS - these allow you to get an education that will increase your long-term earnings potential.

2. MORTGAGES - your living expenses build equity in an asset! And you have to live somewhere right?

3. SMALL BUSINESS LOANS - these can allow you to start or grow a profitable company to increase your future cash flow.

Bad debt is anything where you’re taking money from your future self to spend more today. If the debt won’t bring you future income or wealth, but rather funds your current lifestyle, it’s bad debt - credit cards, payday loans, auto loans etc.

BEFORE TAKING ON ANY DEBT, CAREFULLY CONSIDER WHAT RETURN YOU EXPECT TO GET.

23/06/2021

Boxer Issac Hardman
- Currently ranked #16 in the world
- Australian Middleweight Champion
- WBO Oriental Title
- 2x IBF World Regional Champion

Post knockout victory against Emmanuel Carlos in the Paul Gallen v Justis Huni undercard, Issac visited Sycon Wealth to sit down and discuss his finances with Dane & Blake, and to map out some financials goals to align with his growing career as a professional boxer.

With our team of advisers coming from professional sporting backgrounds themselves, it’s great to see high level athletes like Issac choosing Sycon Wealth and recognising we have the same commitment, drive for performance and experience with their unique position.

15/06/2021

With the end of the financial year just around the corner it’s important to consider where you can save on tax!

Don't forget that if you pay for Income Protection Insurance out of pocket, you may be eligible for a Tax Deduction. The details of your premiums are sent to you directly by your Insurance provider.

If you need assistance with gathering your insurance details, send us a message or visit www.syconwealth.com.au and the team can help you out!

10/06/2021

This year already Australia has seen a 50% increase in home loan refinances, with 33,712 Australians refinancing a whopping $15 billion worth of mortgages in May this year.

Why are so many people refinancing their home?

First and foremost, the economic squeeze brought on by COVID-19 has made people stop and take stock of where they can make savings in their family budget. And one possible way to do that is by refinancing, as Australian home loan rates have never been lower.

Why are rates lower?

On top of the Reserve Bank of Australia (RBA) dropping the cash rate to a record low, lenders are currently competing hard for your business by offering never seen before interest rates.

So how much can you save by refinancing?

Well, that’ll depend on your individual circumstances and a number of other factors, including how big and old your loan is.

To give you a lower-end-of-the-scale example, a recent RBA study found that for loans written four years ago, borrowers are charged an average of 40 basis points higher interest than new loans.
“For a loan balance of $250,000, this difference implies an extra $1,000 of interest payments per year”.

And if your loan amount is higher or older than then the above example – then there’s a decent chance that refinancing could save you even more than $1000 in interest payments each year.

What’s your next step?

That’s the easy part - get in touch with us today and we can provide you with a FREE no-obligation home loan health check to see if your current home loan/s are working efficiently for YOU. Simply send us a direct message or visit our website www.syconwealth.com.au (link on our home page)!