Six biggest bull markets in US stocks/shares since 1962 and their subsequent bear markets.
The chart below shows the six biggest bull markets in US stocks/shares since 1962 and their subsequent bear markets.
In this example a bull market is defined as a rise of 50% or more over a period lasting more than six months. A bear market is defined as a fall of 20% or more that lasted at least three months.
The six biggest bull runs since 1962 (and their corrections):
Summary of Market Corrections since 1929
1929: The Worst Stock Market Crash in History
· Dow loss: 89%
· Time to recover: 25 years
1973: The Oil Crisis and Economic Recession
· Market loss: 48%
· Time to recover: 21 months
1987: Asset Price Bubble and Stock Market Panic Selling
· Market loss: 33%
· Time to recover: 24 months
2000: The Dotcom Bubble
· Nasdaq loss: 77%
· Time to recover: 15 years
2008: The GFC and Subprime Mortgage Crisis
· S&P 500 loss: 57%
· Time to recover: 17 months
2020: The COVID-19 Crash
· Market loss: 34%
· Time to recover: 33 days
Let’s put the current market correction into perspective
If you have been invested in the Australian or US stock markets for more than 10 years, your
personal or super portfolio is still well ahead in terms of performance over the long-term.
ASX200 (blue line): -15.1% (peaked at 7,620 points on 5/01/2022)
S&P500 (orange line): -25.2% (peaked at 4,796 points on 3/01/2022)
NASDAQ: (green line) -34.1% (peaked at 16,057 points on 19/11/2022)
We have been through market falls in the past and each time the market recovers to new highs. The only question is how long this current one will take.
The current fall in stock markets may also provide an opportunity to add to existing portfolios or sectors of the market at a discount to the previous two years. However, you need to be prepared for the potential of further falls before the recovery begins.
What Investors Can Do Now
Crashes and downturns are part of investing—and the only way to lose money during a market dip is if you sell your investments. If history is any indication, your investments will make up their losses in time.
Still, in moments of volatility and uncertainty, there are things you can do to shore up your finances.
Pay off high interest debt
Any debt higher than 8% is known as toxic debt. That’s because the stock market traditionally returns an annual rate of 8 to 9%, so any debt higher than that is debt that loses you money. Credit cards and high-interest personal loans often fall into this category. To manage toxic debt, make a budget and a payoff plan. This will help you take control of your money and build your credit. It will also put you in a good position to start an emergency fund, if you haven’t already.
Have an emergency fund
Experts agree that everyone should have an emergency fund, or a liquid cash safety net, in case something happens like losing your job or another financial burden. Usually 3 to 6 months of expenses is preferred, although some experts argue that upwards of 9 months to a year of expenses is best. The best place to keep an emergency fund is in a high-yield savings account.
Don’t spend excessive amounts of money
Times of economic uncertainty may not be the moment to buy that new TV or car. In case of a recession, it’s best to keep your money where you can see it: in a fully funded emergency fund and if you can, invested.
Make sure your investments are diversified
Once you make sure your ducks are in a row—aka your high interest debt is paid off and your emergency fund is fully funded—investing is a great next step. Many investors find opportunities like this to invest, as stocks are “on sale.”
Investing is for everyone, regardless of age. And the sooner you start investing, the better.
Diversifying your investments and spreading out your money among hundreds of different companies is what experts agree you should do to build a robust investment portfolio. However, investing in individual stocks/companies takes specific skills and a lot of time to research. For the average person, choosing a reputable fund manager is an easier and less risky way of investing. Index funds are a great option too. These funds track a market index or a particular sector of the market.
Invest Regularly
It is impossible to time the markets – we never know when the market reaches the top or the bottom of its cycle until well after the event has occurred. There is no magical bell that rings to tell us – we only really know in hindsight. So the best approach is to keep investing regularly.
Keep “dollar-cost averaging”, or putting the same amount of money into your investment or super accounts every month, to keep a steady stream of money going into your accounts in order to grow your wealth. Even if the markets keep falling for a while, you will be adding to your portfolio at ever cheaper prices which will over time appreciate in value.
The best way to cope when the market starts to go down is to stick to your plan, remember why you’re investing, and follow your regular investment schedule.
Modern business demands up to date accurate financial information.
We can take care of all your bookkeeping and accounting needs, including the preparation of your annual accounts and periodic management accounts for tax, business appraisal and planning purposes.
We can also assist with meeting your reporting requirements including Business Activity Statements, PAYG Withholding and Instalment Activity Statements.
We will discuss your requirements with you and provide you with tailored information and constructive advice on a regular basis.
If you would like further information you can contact us on (02) 9300 3000 or .
Acquisitions & Mergers
Whether you are considering buying or selling a business, we are able to assist you in this transaction by providing experienced advice.
Each transaction is different and needs to be assessed on its individual merits. There are a number of accounting and taxation opportunities with these transactions and our experience can ensure you are maximising your benefits.
If you would like further information you can contact us on (02) 9300 3000 or .
Budgeting
A good budget is a necessity in a good business plan. It is one of the best business tools we have, allowing us to set financial targets and measure our performance.
In addition to goal setting value, budgets will often improve your chances of acquiring funding. Financers often require budgets as a prerequisite for funding approval.
We have extensive experience with assisting clients in the budgeting process.
If you would like further information you can contact us on (02) 9300 3000 or .
Business Start-Ups
Before commencing a new business, the following are some of the key items that need to be considered:
Decide on the most suitable structure for your business – sole trader, partnership, trust or company
Prepare a business plan, cashflow projections, budgets, and trading forecasts
Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
Establish a good working relationship with your bank
Register for a Tax File Number and an Australian Business Number with the ATO
Complete registration procedures with Australian Securities and Investments Commission
Deal with company secretarial issues
Set up a recording system for your internal use and for complying with statutory requirements
Each new business is different and needs to be considered in relation to your individual circumstances and our experience can ensure you are maximising your opportunities.
If you would like further information you can contact us on (02) 9300 3000 or .
Charitable Institutions
Charitable institutions are set up to hold money or assets and carry out activities for the benefit of the community. In Australia, a variety of charitable institutions exist including:
Various forms of charitable trusts
Companies limited by guarantee
Unincorporated associations
Deductible gift recipients
Prescribed private fund
Each type of charitable institution brings with it different requirements and benefits. We know the practicalities of these institutions and are able to assist you by:
Co-ordinating the preparation of constituent documents
Applying to the ATO for an Australian Business Number and Tax File Number
Organising tax exemptions where applicable
Attending to all compliance and statutory filings
If you would like further information you can contact us on (02) 9300 3000 or .
Company Secretary
Company legislation requires businesses to perform many administration tasks which take up a lot of valuable company time.
We are able to assist you in the following areas:
General advice on company law
Company formations
Filing of annual returns on your behalf
Preparation of all documentation related to minutes and resolutions
Maintenance of statutory books
Assistance in changes of directors, shareholders, addresses, and office details
Bonus Issues
Share transfers
Registered Office Facility
If you would like further information you can contact us on (02) 9300 3000 or .
Financial Structures
Having the right financial structure in place for your business or your family means looking at your individual circumstances and ensuring that your assets are being maximised whilst being adequately protected.
We have extensive experience in ensuring our clients have the best financial structure for their needs both now and in the future. We can provide advice on and assist with:
Effective structures for asset protection
Effective structures for tax minimisation
The optimal structure through which to operate your business
Structures to assist in succession planning and providing for future generations
If you would like further information you can contact us on (02) 9300 3000 or .
GST
Every transaction has GST implications. We have experience with these issues and are able to offer expert advice on the implications of GST for your business. The GST related services we offer include:
Assistance with registering for GST
Filing and adjusting GST returns
ATO audit assistance
Advice on GST related issues
If you would like further information you can contact us on (02) 9300 3000 or .
Management Consulting
We are practiced in acting as a sounding board for management, bringing to the relationship years of experience in business growth and analysis.
We are able to check that your business is as competitive, focused, and profitable as it can be and we will work with you to address any issues.
If you would like further information you can contact us on (02) 9300 3000 or .
Payroll Services
We can provide a comprehensive and confidential payroll service including:
Administration of PAYG Withholding, statutory sick pay, annual leave etc
Australian Taxation Office filing
Summaries and analyses of staff costs
Administration of incentive schemes, bonuses and termination payments
Assistance with payroll tax and workers compensation obligations
If you would like further information you can contact us on (02) 9300 3000 or .
Rental Properties
We can assist in a variety of areas in relation to residential and commercial property including:
Advice on funding
Cash flow analysis of property investment
Guidance in tax related areas including negative gearing and capital gains tax
Advice on ownership structure
Preparation of initial land tax returns and land tax variation returns
If you would like further information you can contact us on (02) 9300 3000 or .
Our Strategic Planning Service is designed to assist our clients to develop financially towards the achievement of their lifetime objectives. Our experience and proven results provide our clients with the security that their financial goals will be met.
Wybenga Financial Pty Ltd is an organisation providing wealth creation and management services to private clients.
If you would like further information you can contact us on (02) 9300 3000 or .
Superannuation
Self-managed superannuation is a flexible means of saving for retirement. It allows you to take control of your superannuation, adopt a customized investment strategy and control fund administration costs.
Superannution law is a delicate area and personalised planning is required for each individual. We have extensive experience in all areas relating to superannuation and can assist in establishing a superannuation fund that will effectively allow you to reach your financial retirement goals.
Services we offer include:
Establishment of Self Managed Superannuation Funds
Advice concerning Compliance Matters
Advice concerning Taxation Benefits
Advice on Employer obligations
If you would like further information you can contact us on (02) 9300 3000 or .
Taxation
We offer a complete range of taxation services and advice based on proven knowledge and experience. Our proactive approach ensures we deliver a consistent service and build solid relationships.
We will work with you to help reduce your tax exposure and provide services including:
Advice on all areas of direct and indirect taxation
Preparation and lodgement of annual income tax returns for all types of entities
Preparation of PAYG withholding variation applications
Preparation of activity statements and advice on payment of tax
Assistance with GST/FBT obligations including preparation and lodgement of relevant forms
Advice on and implementation of tax effective trust structures for asset protection and tax minimisation
Management of any ATO audits or disputes
If you would like further information you can contact us on (02) 9300 3000 or .
Trusts
A trust provides a valuable way of protecting the assets you have accumulated for the benefit of yourself and others. A trust can also be an effective structure for running your business.
We have extensive experience with trusts and are able to offer specialist advice on establishment and compliance, ensuring that all statutory requirements are met.
Wybenga & Partners are able to organise for the preparation and execution of documentation involved in Trust formation.
Our Trust administration service includes:
Minute keeping service
Annual accounts
Taxation
Maintenance of CGT register
Income distribution
If you would like further information you can contact us on (02) 9300 3000 or .
Secure File Transfer
Secure File Transfer is a facility that allows the safe and secure exchange of confidential files or documents between you and us.
Email is very convenient in our business world, there is no doubting that. However email messages and attachments can be intercepted by third parties, putting your privacy and identity at risk if used to send confidential files or documents. Secure File Transfer eliminates this risk.
Login to Secure File Transfer, or contact us if you require a username and password.
Chris is the Managing Director of the Firm who established the practice in August 1994 and has been responsible for its growth and development since that time.
Chris has over 40-years experience in the Chartered Accountancy profession, predominantly spent in small to medium sized firms, advising both small business and individuals in areas such as taxation and accounting as well as business restructuring and superannuation advice.
Chris is active in the development of young accountants both in mentoring cadets at the Firm and lecturing in taxation for the CA Program for the Institute of Chartered Accountants.
1980 – Commenced employment and part time university studies
1985 – Graduated Bachelor of Business from University of Technology, Sydney
1986 – Admitted as an Associate Member of the Institute of Chartered Accountants Australia
1988 – Registered as a Registered Company Auditor
1994 – Established Wybenga & Partners (formerly known as Farrar & Wybenga)
Dianne Bechara
B.Bus, CA
Dianne is responsible for the day-to-day operations and administration of the practice.
Dianne has over 30-years Chartered Accountancy experience and has significant expertise in providing advice and solutions to high-net-worth individuals and their associated entities. Dianne also has considerable knowledge in the areas of taxation, business services, superannuation, and compliance.
Dianne is active in promoting gender equality in the industry through various programs and mentoring opportunities. Dianne is also committed to the development of young accountants and donates considerable time to sharing her expertise.
1992 – Graduated Bachelor of Business from University of Technology, Sydney
1993 – Commenced employment in acounting profession
1996 – Commenced career with Wybenga & Partners
1997 – Admitted as an Associate Member of the Institute of Chartered Accountants Australia
2002 – Appointed as Director of Wybenga & Partners
Roger Potter
B.Bus, CA
Roger is responsible for the HR aspect of the Firm, cultivating the culture, and maintaining the highly social environment we pride ourselves on.
Roger has over 35-years in the Chartered Accountancy profession and significant expertise in providing advice and solutions to small businesses and high-net-worth individuals. He also has extensive experience in the areas of Self-Managed Superannuation Funds and retirement strategies.
Roger is active in the development of young accountants both in mentoring cadets at the firm and lecturing in taxation for the CA Program for the Institute of Chartered Accountants.
1985 – Commenced employment and part time university studies
1990 – Graduated Bachelor of Business from University of Technology, Sydney
1992 – Admitted as an Associate Member of the Institute of Chartered Accountants Australia
1998 – Commenced career with Wybenga & Partners
2002 – Appointed as Director of Wybenga & Partners
Tess Uncle
B.Sc, M.Com, CA
Tess has over 22-years experience in Chartered Firms and in this time has had a broad range of experience in superannuation, taxation, and business services. In particular, Tess has had significant experience in MYOB and assisting clients in day-to-day bookkeeping activities and periodic reporting.
Tess is responsible for the Firm’s training and development needs.
Tess is active in promoting gender equality in the industry through various programs and mentoring opportunities. Tess is also committed to the development of young accountants and donates considerable time to sharing her expertise.
2001 – Commenced employment with Wybenga & Partners and part-time accountancy studies
2004 – Graduated Masters of Commerce from the University of New South Wales
2005 – Admitted as an Associate Member of the Institute of Chartered Accountants Australia
2007 – Promoted to Manager at Wybenga & Partners
2012 – Appointed as Associate Director
2016 – Appointed as Director of Wybenga & Partners
Schedule a Meeting with Tess
Adam Roberts
B.Bus, B.Sc, CA
Adam has over 18-years experience in Chartered Firms and in this time has had a broad range of experience in superannuation, taxation, and business services. In particular, Adam has had significant experience in MYOB and assisting clients with periodic management reporting.
Adam is responsible for the implementation of technology in the Firm and sourcing new areas of innovation and efficiency.
Adam is active in the development of young accountants and donates considerable time to sharing his expertise.
2005 – Commenced employment with Wybenga & Partners and part-time Accountancy Studies
2005 – Graduated Bachelor of Science from the University of Western Sydney
2007 – Graduated Bachelor of Business from the University of Western Sydney
2010 – Admitted as an Associate Member of the Institute of Chartered Accountants Australia
2010 – Promoted to Manager at Wybenga & Partners
2012 – Appointed as Associate Director
2016 – Appointed as Director of Wybenga & Partners
Schedule a Meeting with Adam
Accounting Cadetships
Build your career with expert guidance from our accounting cadetships program, based in Sydney NSW.
Wybenga & Partners offer accounting cadetships at our location in the CBD of Sydney NSW. You’ll receive expert guidance as you work in the industry.
Each year we offer several school leavers or undergraduates the opportunity of beginning their career with us via an Accounting Cadetship. If you are interested in pursuing a career in accounting please read the information below. Our accounting cadetships could be perfect for you!
What is an Accounting Cadetship?
An Accounting Cadetship enables you to commence your career whilst attaining the necessary university qualifications by studying part-time.
How Does It Work?
Generally, our cadets complete a Bachelor of Commerce (BCom) or Bachelor of Business (BBus) degree at the University of New South Wales, the University of Technology Sydney, Macquarie University, or the University of Western Sydney.
The firm provides 3 hours paid study leave per week to attend University. This can either be taken at the one time or broken between days depending on the individual’s requirements. In addition, the Firm provides paid study leave for both mid-semester and end-of-year exams.
We take the work life balance very seriously at Wybenga & Partners and our cadets are encouraged to have a fulfilling life outside the office. A typical day will have you arriving at the office at around 8.30am with most days concluding at 5.30pm.
What Are the Benefits of Accounting Cadetships with Wybenga and Partners?
Our cadets benefit from the following:
Career path – on completion of their degree our cadets have significant practical experience which will assist them in advancing their careers.
Work helps your studies – by working full-time our cadets are able to apply their practical knowledge in the university subjects.
Camaraderie with other cadets – the Firm has a number of cadets at various stages of their career.
Mentoring – cadets are paired with a senior staff member who oversees their progress and training both at work and with their studies.
Communication and feedback – the Firm has an open door policy which enables all cadets to interact with all members of staff including Directors.
Culture – the Firm promotes a friendly social culture with a number of functions throughout the year.
Modern environment – including ‘socialising’ areas such as pool table and break out area.
Training – ongoing support and technical training. We also provide internal and external training on a monthly basis.
Remuneration – working full-time provides a market salary and independence with salaries being reviewed every 6-months.
The completion of your degree is the first step of what we hope to be a long and successful career with us. The next step is the commencement of your CA Program with the Institute of Chartered Accountants Australia and New Zealand whilst at the same time continuing your employment with us.
A number of cadets have progressed to Seniors, Managers, and Directors within the firm.
Who Should Apply?
Current Year 12 students or first/second year University Students who:
want to commence their career in accountancy;
are due to commence or are currently completing a part-time business or commerce degree at university with an accounting major;
want to gain valuable hands-on experience while completing their qualifications;
are looking for a friendly working environment;
are team players who display initiative;
have a commitment to self-development;
possess excellent personal presentation and communication skills; and
are motivated and mature minded.
How Do I Apply for an Accounting Cadetship?
To apply for a Cadetship position at Wybenga & Partners send us your details. Please also include in your covering letter why you wish to do a cadetship, include relevant qualities you possess, main interests / achievements, and any previous employment.
Interested candidates should initially forward a resume/covering letter of no more than 3-pages. Please provide full details of contact information (telephone or e-mail).
What If I Have More Questions?
For further information about our Cadetship program, please send your enquiry to .
Skilled Accountants
Wybenga & Partners offers a stimulating work environment giving you the opportunity to develop your future success.
Wybenga & Partners recognises and promotes that there is more to life than work. We know that your needs change and we provide support to balance your work, academic and lifestyle pursuits.
We welcome enquires from trained accountants regarding a career with Wybenga & Partners. Please email us your details to .
