Market Returns to 31 January: The Australian Sharemarket fell by 10% during January and other investment markets suffered similar falls. Investment are always unpredictable but volatility has been higher in the last few months. The reasons for the falls are broadly: Inflation Global inflation has increased dramatically due to supply chain disruptions. Australia has not …
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The press has been filled with stories about the fate of the second largest Chinese property developer. Most of those stories have missed the point. This company has already gone bust. The only question is about who will pay to cover the losses. According to their balance sheet the Chinese property developer owes: Borrowings (banks …
Sydney and the surrounding area (Blue Mountains, Central Coast & Wollongong) went in to lockdown on Saturday 26 June. This lockdown was scheduled to end at midnight on Friday 9 July and has been extended to 16 July. However given that the number of new cases each day is not reducing it could be extended …
The Australian Federal Government released their budget for the 2022 financial year last Tuesday. The most useful measures that were announced relating to individuals are: Super Contributions age limit increase At present, anyone under age 67 can make a personal contribution if their account balance is less than $1.6m. Anyone under age 65 with an …
We have recently been approved by AustralianSuper to give advice to their clients. Unlike nearly every other financial institution AustralianSuper have a rigorous vetting process that must be completed by Financial Advice providers. This ensures that their members only have access to high calibre advisers who are diligent and provide high quality advice. If you …
This was in the news last week. A large number of Financial Advisers are leaving the job because they must pass an exam testing their knowledge of financial regulations by the end of this year. The exam is not hugely difficult but there are a significant number of advisers who are unwilling or unable to …
Continue reading “Financial Adviser workforce set to halve by 2023”
I have recently purchased an apartment and found it to be an incredibly stressful, time-consuming, and frustrating process. Across the board, many others have had similar experiences. No wonder first home buyers find the process daunting. It made me wonder: why is it so hard for buyers to get the deal done? It was a …
There is no doubt that the disruption & uncertainty caused by Covid has triggered enormous financial stress to many people. Landlords and Business owners are seeing their investments evaporate in front of their eyes. Unexpected lockdowns and border closures have made it hard to plan ahead and as a consequence, people have become hesitant towards …
On 8 January GameStop shares closed at $17.69. They hit $40 the following week, then $60 on 22 January and reached an all time high of $483 on 28 January. Now one week later they closed at $53.38. You might have seen a few news reports and be wondering what is going on there. The …
Many people make New Year’s resolutions to save money but without a plan, most struggle to get started. There are countless reasons for failure but they generally include not having a specific target amount, not having a compelling reason for wanting to meet the target and not making enough changes to ensure success. Some people …