The Federal Government had next year’s federal election firmly in its sights with this budget, and retirees were among the beneficiaries of its fiscal largesse.
In the 2019 federal election, Labor’s proposal to abolish cash refunds for excess franking credits went down like a lead balloon. So, will the $3 million cap proposal see Labor revisit history?
Get to know Troy Armstrong from Koda Capital
Troy is a Partner and Adviser at Koda Capital. Troy is a FASEA-compliant financial adviser holding a Bachelor of Commerce and SMSF Specialist Advisor designation. He became a member of the Inside Network and an inaugural member of the Advisory Committee; seeking to learn from his peers and share his own wisdom from many years in the industry. Prior to joining Koda Capital in late 2019, he was an Investment Advisor at Escala Partners.
His main areas of specialisation are investment and strategy advice for complex investment structures including self-managed superannuation funds, trusts and companies. He is relationship driven and is a firm believer in having a combination of honesty, loyalty and technical knowledge at the foundation of every client relationship. These qualities have helped him deliver an unwavering service to his clients and their families over more than a decade of working as an adviser.
Get to know Troy:
Licensee: Koda Capital
State: VIC
AUM: $250m-$500m
Years of Experience: 12
Favourite weekend activity in COVID-19 lockdown? Walking the dogs – that’s all we could do
What was your favourite holiday destination pre-COVID 19? Europe
What is the first thing you will be doing post-COVID 19 lockdown? Eating out
Online shopping or bricks & mortar? Online
What are you most optimistic about as an Australian? Our safe and secure way of life continuing
Four dream dinner guests – historical or current? My family
Explain your personal investment policy in 50 words or less: If it sounds too good to be true, it probably is.
What is your preferred investment vehicle? Niche managed funds and some of the newer active ETF’s
What is the best investment recommendation you have made? Gold for client portfolios 3 years ago
What is the worst investment decision you have made? Personal money into Virgin Bonds
Financial Armageddon: gold bullion, cryptocurrency or USD?: Gold
What is your biggest concern for investors today? With cash rates so low, it is pushing the herd into equities which is moving the valuation dial too much
Will President Trump be re-elected? Yes
You can only buy one Australian company for the next 10 years? CSL – continue to innovate and spend money on R&D unlike many other ASX companies
You can only buy one global company for the next 10 years: Google – they are thinking outside the box when it comes to new technologies and have the bank balance to buy any threat that is put in front of them
