Access to cash Depending on your sources of income you may have minimal to extreme disruption in your cashflow. Fixed interest securities, government pensions and annuities will continue as before but sharemarket and property investments have been hit hard. You should ensure that you have enough cash to cover 3-6 months of living expenses. If …
Continue reading “7 Tips for Retirees to manage their money during the COVID-19 crisis”
Access to cash Depending on your area of specialisation you might be working like a slave and being thankful for your job security or you could be at home on shutdown wondering where the next dollar will come from. Either way you should ensure that you have enough cash to cover 3-6 months of living …
Continue reading “7 Tips for Professionals to manage their money during the COVID-19 crisis”
Access to cash Depending on your job you might be working like a slave and being thankful for your job security or you could be at home on shutdown wondering where the next dollar will come from. Either way you should ensure that you have enough cash to cover 3-6 months of living expenses. If …
Continue reading “7 Tips for People in their 40’s to manage their money during the COVID-19 crisis”
Covid-19 coronavirus Financial Impact Qantas announced this morning that they were ceasing the majority of their flights. As a result, they have decided to lay off 20,000 employees and cease paying salaries to senior executives. Many other businesses in Entertainment, Travel & Hospitability will close. Many people are suffering an unexpected loss of income. This …
Covid-19 coronavirus impact The first known case of a new SARS like coronavirus occurred on 1 December 2019 and a public notice on 31 December. On 23 January, significant numbers of cases had been found in China and the quarantine of Wuhan province commenced. Travel bans and other precautions began to be instituted from that …
Projected market rates of return. The Australian sharemarket delivered a total return of 23.77% in the calendar year 2019. This was the best performance since 2006 when the return was 25%. It was also an unexpectedly good result given that the mood at the start of 2019 was very sour. Some of the reasons for …
We are already a month into the new year and a lot has happened in a short time. Australia has been devastated by bushfires, China is struggling with Coronavirus outbreak, the Trump impeachment is ongoing and legendary basketball player Kobe Bryant died in a helicopter crash. It does seem like non-stop apocalyptically bad news. Add …
I read this story online: https://www.cnbc.com/2020/01/09/money-mistakes-to-avoid-in-your-30s.html It made me reflect on my own experience when I was in my 30’s. Financial decisions that you make in your 30’s can have a big impact on your future. You’re now a fully grown adult with a career, hopefully a fulfilling well paid job, maybe a family and …
Continue reading “3 money mistakes to avoid when you are in your 30’s”
We have raging bushfires, terrible air pollution and severe water restrictions. Maybe summer will be ruined. Politicians are incable of taking any action. So collectively not much will change at a policy level. Many people are frustrated by this. The biggest sources of greenhouse gases: Source: IPCC (2014) That doesn’t have to stop you from …
Why do Investors often buy high and sell low? This is the opposite of a winning investment strategy but investors often give considerable attention to short term performance figures when making investment decisions. It could be a result of the ‘recency effect’ You probably know that many of our financial decisions aren’t made rationally: emotions …
