Ask Kochie: Small businesses trying to make sales after the bushfires, low interest rates and more

Ask Kochie_ 21-Jan

Did you miss this week’s Facebook Live session with David Koch? Watch the segment now as he gives a rundown on this week’s economic updates and answers questions from his audience on Facebook.

Questions answered this week:

  • What are the best ways to make sales for small businesses still trying to meet monthly targets under the backdrop of the drought and bushfires?
  • Our area was quite badly impacted and our company has donated a lot of stock including refrigerators and essentials for the evacuation centres. Is there a way these items can be offset again whatever profit we make this year?
  • I have just started a new recruitment business after spending years in the real estate industry. Do you have any tips that could help me figure out my key selling point in a new industry that I have no experience in? 
  • What happens if interest rates go into the negative percentage ? Where should investors put their money?
  • Superannuation has been performing well over the last 10 years with some funds having average returns close to 10%. Should we be expecting lower returns over the next 10 years?
  • My husband and I are in our early 60s. We have downsized and have a spare $150k. Should we put it into our super?
  • I’d like to start buying stocks and shares. I don’t want to just use a broker. I was thinking of starting with $5,000, where is the best place to start?
  • I am getting a large Transport Accident Commission (TAC) payout, as I can not work anymore. How can I make my money grow for my future? I’m 46.
  • My daughter bought a unit in Australia, which she is renting out as she moved overseas. But council rates and strata are getting hard to pay. Would it be better to sell or continue renting?

Watch the segment:

 

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