Australian Traveller sells to independent media company
Adelaide-based Solstice owns 11 media outlets, including the South Australian and Queensland editions of a news site called InDaily, as well as SA Life and online news site The New Daily, which it ran on behalf of Industry Super Holdings until it bought it from the superannuation funds in December.
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The Age
3 hours ago
- The Age
Australians are set to inherit huge amounts of money. Here's what to do with it
Wealth is set to rain down on Australians in the next decades as the pool of inherited cash accumulated by older generations is passed down. The Productivity Commission notes $1.5 trillion was inherited between 2002 and 2021, and UBS estimates more than $US150 billion in wealth will be transferred over the next 20 years. And so for generations of Australians, managing inheritance will be a significant aspect of overall wealth management, and it won't be as simple as buying a bunch of stocks in a couple of tech start-ups and waiting for the money to multiply. Put the money in a high-interest account and wait The worst thing you could possibly do after inheriting any amount of cash is to spend it quickly. Dawn Thomas, a Perth-based financial adviser, says that often people feel an urgency to decide about what to do with money they inherit, and are often under the impression that not doing something is wasting it. 'Sometimes people feel that they have to make a decision really quickly when they receive an inheritance, but it's OK for funds to stay in a bank account, in a high-interest bank account for 12 months to two years while you make up your mind,' she says. 'You would expect there's some sort of emotion there as well because someone's lost someone that they've loved, and that [might] not be the best scenario for you to actually be making financial decisions. Sometimes, time is your best friend in being able to actually understand what you want.' Identify what you want and what you can live without Though it seems obvious, Thomas says writing down your goals is an important first step when inheriting a large sum of money. The exercise carves out time to consider how satisfied you are in various parts of your life and size up how important each is to you.
Sydney Morning Herald
3 hours ago
- Sydney Morning Herald
Australians are set to inherit huge amounts of money. Here's what to do with it
Wealth is set to rain down on Australians in the next decades as the pool of inherited cash accumulated by older generations is passed down. The Productivity Commission notes $1.5 trillion was inherited between 2002 and 2021, and UBS estimates more than $US150 billion in wealth will be transferred over the next 20 years. And so for generations of Australians, managing inheritance will be a significant aspect of overall wealth management, and it won't be as simple as buying a bunch of stocks in a couple of tech start-ups and waiting for the money to multiply. Put the money in a high-interest account and wait The worst thing you could possibly do after inheriting any amount of cash is to spend it quickly. Dawn Thomas, a Perth-based financial adviser, says that often people feel an urgency to decide about what to do with money they inherit, and are often under the impression that not doing something is wasting it. 'Sometimes people feel that they have to make a decision really quickly when they receive an inheritance, but it's OK for funds to stay in a bank account, in a high-interest bank account for 12 months to two years while you make up your mind,' she says. 'You would expect there's some sort of emotion there as well because someone's lost someone that they've loved, and that [might] not be the best scenario for you to actually be making financial decisions. Sometimes, time is your best friend in being able to actually understand what you want.' Identify what you want and what you can live without Though it seems obvious, Thomas says writing down your goals is an important first step when inheriting a large sum of money. The exercise carves out time to consider how satisfied you are in various parts of your life and size up how important each is to you.
AU Financial Review
3 hours ago
- AU Financial Review
Hedge funds fret ‘speculative' stock rally as short books get whacked
As Totus Capital's Alpha strategy notched another month of negative returns, portfolio manager Ben McGarry expressed the irritation felt by other hedge funds trying to navigate the relentless surge in equities that has spread to even the most speculative corners of the market. 'The last few months have been frustrating,' McGarry wrote in the Sydney-based short seller's latest update to clients. 'When markets throw caution to the wind, lower quality and more speculative stocks can outperform established profitable businesses.'
