Name: Massey Financial Advice
Address: Ashgrove Serviced Offices, Highpoint, Level 1, 240 Waterworks Road, Ashgrove, QLD, 4060, AU
Telephone: +61 7 3102 4948
Price range: $$
Rating: 5

This issue of Wealth Adviser includes:

Bitcoin to infinity and beyond … again! Following an 80% drop from its peak in 2021, Bitcoin has rebounded to a new record high in 2022, growing more than fourfold from its lowest point. This has sparked questions about what drives its price and whether it’s a good investment. Bitcoin tends to generate extreme views, with supporters and detractors alike, making the answer complex. Bitcoin was invented in 2008, with the first “genesis block” created in 2009. Transactions are verified and recorded on a public ledger called the blockchain
The aged care recommendations that will cost you more. The Aged Care Taskforce in Australia has released its Final Report, which includes 23 recommendations aimed at changing the fees and funding arrangements for aged care. While the official recommendations have received a lot of attention, there are unofficial recommendations in the report that could result in increased costs for aged care. One of these unofficial recommendations is to raise the Refundable Accommodation Deposit (RAD) price threshold from $550,000 to $750,000. This change could take effect as early as July 1st.
How should investors approach the next phase of tech rally? In recent years, conversations about rising house prices have been overshadowed by discussions about the tech rally. With interest rates stabilizing and the potential of artificial intelligence becoming more apparent, tech stocks experienced significant gains, driving the Nasdaq-100 Index and the S&P 500 to new heights. However, questions have emerged about whether the easy money has already been made and whether there are better investment opportunities elsewhere in the market. While the surge in tech stocks can be justified by factors such as undervaluation, strong growth stories, and appealing valuations, it is important to consider potential risks and alternative investment options.
Q&A

My friend who has a financial adviser told me they are investing through wrap accounts. What is a wrap account and what are the benefits of using one?
Everyone including my financial adviser keeps telling me to get my Will sorted out with an estate planning lawyer. Why is it so important for me to have a Will?
I’m considering winding up my Self-Managed Superannuation Fund (SMSF). I am wondering what are some valid reasons to wind up my SMSF?