Simeoni quarterly Newsletter 2011 Summer Edition

Inside this issue:

- Paul's Introduction
- Paul's Fearless Predictions
- How to best explain the Greek bailout package

- Cooking Classes with Candice

- Interesting "green" events 

 

 Paul's Introduction 

 
Christmas is fast approaching us and another year is almost over!
I know there are quite a few people happy to see 2011 end and wishing 2012 will be a better year. 2011 has proven to be a very testing time for the majority of our clients, but, as they say, "what doesn't break you, makes you stronger". I surely believe this as there are many positive signs of improvement or opportunities in 2012. We are very proud of many of our clinets who have achieved a record year in 2011 and are going from strength to strength.

I would like to take this opportunity to welcome Rita Chen, to Simeoni. Rita started as an intern and we were so impressed that we offered her a junior role in the firm. Rita is currently part-time, but will progress to full-time during 2012. We also congratulate Rebecca and Rish for passing their final CPA exams during the year.

One of the most enjoyable aspects of the year was to meet clients and get to know them better. It allowed us both to get a better understanding of each other and identify how best we can assist our clients to achieve their goals. I look forward to meeting more clients during 2012. If you would like to meet with me or one of my team members, please call the office to make an appointment when we return to office next year.

We are officially closing the office from 5:00pm Thursday 22nd December 2011 and re-opening 9:00am Monday the 9th January 2012.If you require any urgent attention during this period, please email us on: simeonico@simeoni.com.au I would like to thank my staff for making 2011 a big year and looking forward to a bigger and better 2012. We, at Simeoni would like to wish our clients and friends the very best for Christmas and the New Year and Looking forward to seeing you in 2012, healthy and energised for a great year.

Merry Christmas

Paul Simeoni

Paul Fearless Predictions

It wasn't as good as 2010 where I predicted 8 out of 10; with only 5 out of 11 for 2011, although I was very close on a number of predictions. The master stroke in 2011 was predicting the mighty Cadel Evans to be the first Australian to win the Tour of France. My crystal ball must have been a bit foggy but for 2012 I am predicting I will be back on target.

The results for the 2011 predictions are as follows:

1)

The Australian Economy to grow by 3% during 2011. 

 X

 Grew by 2.5%

2)

Australian share market index will pass the 5300 mark.

 X

 5069

3)

Liberal/National Party in NSW to win at least 60 of the 91 seats in the Legislation Assembly March 2011 NSW State election. 

 V

 Won 69 seats

4)

  The Federal deficit will hit 100 billion. 

 V

104 billion 
 May 11
Federal Budget

5)

The All Blacks will win the World Cup of Rugby. 

 V

 

6)

Socceroos to make at least the semi finals of the Asian Cup.

 V

 Finals

7)

Cadel Evans to win the Tour of France.

 V

 

8)

NSW Blues to win the State of Origin. 

 X

 QLD 2 - NSW 1

9) 

Charlie Sheen to be arrested during the year.

 X

 Ex-wife  arrested 4.12.11

10)

Julia Gillard's Government will not last the year.

 X

 

11)

Eels or Sharks to get the wooden spoon in the NRL 2011 comp.

 X

 2nd and 
 3rd last

 

Paul's predictions for 2012 are... 

1)

 Australia will finish no further than 6th in the 2012 London Plympic medal tally.  

2)  NSW Blues to finally win the 2012 state of Origin.
3)  2012 Federal Budget will not achieve the Government prediction to be in surplus.
4)  At least 2 European banks will go broke. 
5)  The Australian Economy to grow by at least 2%. 

6)

 Unemployement to grow to at least 5.8% in Australia.

7) 

 An Australian will win one of the majors in either tennis or golf.
8)  Julia Gillard's Government will not last the year.
9)  Jennifer Aniston to adopt a child.
10)  Newcastle Knights will not finish in the top 4 of the regular season for 2012.

 

How to best explain the Greek bailout package

I have been asked by many clients what is the main problem with Greek (Italian, Spanish, Irish etc) economy and how the bailout package from Germany and IMF will work.

I thought this example probably best explains the situation at a micro level, but this is the most simple explanation. I hope you enjoy the story.

It is a slow day in a little Greek village...

The rain is beating down and the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit. On this particular day a rich German tourist is driving through the village, stops at a local hotel and lays a € 100 note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night. The owner gives him some keys and, as soon as the visitor has walked upstairs, the hotelier grabs the € 100 note and runs next door to pay his debt to the butcher.

The butcher takes the € 100 note and runs down the street to repay his debt to the pig farmer. The pig farmer takes the € 100 and heads off to pay his bill at the supplier of feed and fuel. The guy at the Farmer' Co-op takes the € 100 and runs to pay his drinks bill at the tavern. The publican slips the money along to the local prostitute drinking at the bar, whose has also been facing hard times and has had to offer him "services" on credit. The hooker then rushes to the hotel and pay off her room bill to the hotel owner with the € 100.

The hotel proprietor then places the € 100 note back on the counter so the rich traveller will not suspect anything. At that moment the traveller comes down the stairs, picks up the € 100 note, states that the rooms are not satisfactory, pockets the money, and leaves town.

No one produced anything. No one earned anything. However, the whole village is now out of debt and looking to the future with a lot more optimism.

And that, Ladies and Gentlement, is how the Greek bailout package works.  

Cooking classes with Candice - Enjoy!

EASY CHICKEN CURRY....That the kids will love too!

  • 1 x BBQ Chicken - remove skin and shred
  • 1 x brown onion - diced
  • 2 x cloves garlic - crusced
  • 1 x mild concentrated curry paste
    (tikka or butter chicken better for kids)
  • 1 x can coconut milk or cream
  • Brown sygar
  • Jasmine rice
  • 1 x packet pappadums

METHOD

1. Brown onion in pot; add garlic
2. Add chicken; saute'.
3. Add curry paste; mix well
4. Add coconut milk/cream; mix well
5. Turn heat down to low and let simmer
6. Add brown sugar to taste - It lightly sweetens the curry so the kids will enjoy it!
7. In the meantime, prepare your jasmine rice for serving.
8. Place 4 papadums on a plate at a time and heat in microwave for 40 seconds. Repeat until you have desired amount.

Environment: Interesting "green" events

With Christmas coming up, it's important to take a few minutes to think about how we can all be a little more environmentally friendly during the holidays. After all, this time of the year is especially noted as a time of copious amount of waste, with excess food and plastic wrappings being dumped at an amazing rate per day...why hurt Mother nautre especially during a time where there is supposed to be "peace on Earth"? The choices we make every day have a significant impact on our planet's future and therefore our future as well! Learn how to make sustainable choices and practical changes to green your home. Click Here to check the City of Sydney "green" initiatives.

Suites 101-104, 118 Great North Road, Five Dock, NSW, 2046
PO Box 725, Five Dock, NSW, 2046
P: (02) 9370 0400 | F: (02) 9370 0444 | E: simeonico@simeoni.com.au
 

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