Jobkeeper wage subsidy The federal government will subsidise employee salaries of $750 per week for a 6 month period commencing on 30 March 2020. This is a total of $19,500 per resident employee. It wont help a business that has no revenue, no cash reserves and no work for employees but will be a big …
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The Australian sharemarket has fallen by 25% since the start of the year as a result of the COVID-19 pandemic. Commercial property has crashed by 50%. The residential property market has also crashed by an unknown amount, maybe 20-30% for inner city apartments. This is not going to be a short-lived crisis with life going …
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”