As the end of the financial year looms, all of you who are procrastinators will scramble to make last minute financial decisions. Often strategies such as pre-paying interest on margin loans or investing in tax minimisation schemes are entered into hastily with too much focus on the tax saved versus the merits of the underlying investments. With only 16 days until year end I encourage you to take the time to review your financial situation and consider the end of year decisions you make very carefully.

Some things may seem obvious, like maximising your tax deductible contributions to super (make sure you don’t over contribute) or buying and selling investments with gains or losses to minimise your tax payable this year. To assist in clarifying your thinking, you can use MLC's guides that are located in our Education section. Whatever you do, resist the urge to do nothing as the decisions you make this year will have lasting impacts on your financial future.

We will be launching some new tools for DIY investors in the very near future that are designed to help you become a better investor. I am very excited about this new development and I am confident that you will be too. Watch this space as DIY investing is about to be a whole lot easier.


Michael Lannon
Founder & Executive Director