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