Weekly Market Update 21 December 2018

Weekly Market Update 21 December 2018 Investment markets and key developments over the past week The past week saw share markets fall further on the back of ongoing worries about growth not helped by a “not dovish enough” Fed, a lack of new measures to address China’s slowdown in a speech by President Xi Jinping, threats to US/Chinese negotiations, worries about a US government shutdown, a court ruling against America’s Affordable Care Act and problems at …

How to spend mindfully this Christmas

How to spend mindfully this Christmas Some ways to manage your money and your time this festive season. It’s the morning after the night before. You wake up on Boxing Day and stumble into the lounge room to face what looks like…Armageddon. There’s wrapping paper strewn all over the floor, every surface is covered with toys and knick-knacks that seemed like a good idea at the time and the recycling bin is already choc-a-block full …

The Fed and market turmoil – the Fed turns a bit dovish but not enough (yet)

The Fed and market turmoil – the Fed turns a bit dovish but not enough (yet) Key points  The Fed has raised interest rates for the ninth time since first raising rates this cycle three years ago, taking the Fed Funds rate from a range of 2-2.25% to 2.25-2.5% reflecting ongoing confidence in US growth.  However, with US interest rates approaching the “neutral” zone, some interest sensitive sectors slowing, with various headwinds to growth, and …

Holiday budgeting tips— How to avoid a travel debt hangover

Holiday budgeting tips— How to avoid a travel debt hangover We’ve all had the feeling. You step off the plane from Bangkok still buzzing, images from your holiday flitting through your mind—the Parthenon, Big Ben, the Eiffel Tower. What a trip…you’re not going to kiss the tarmac or anything but it’s good to be home! You post the final selfie to Instagram on your mobile but as you flick back to the home screen you …

Caring for our elders at Christmas

Caring for our elders at Christmas We can all feel the pressure on our household budget during the festive season. But when that pressure gets passed on to older family members as a request for a handout or loan, financial abuse can end up being the outcome. Find out more about elder financial abuse, what to watch out for and what to do about it. What is elder financial abuse? According to the World Health Organisation, …

12 ways to avoid waste this Christmas

 12 ways to avoid waste this Christmas Embrace the spirit of Christmas by giving back to the environment this festive season. If ever there is a time for excess, Christmas is it. But it’s important not to forget about the waste you create amidst all the good times, feasting, gifts and celebrations. You’ve heard of the 12 days of Christmas, but here’s 12 ways to avoid waste this Christmas. 1. Go solar. Turning your house …

Not just about the money

Not just about the money Thinking of a new job in the new year? With wage growth staying low, better benefits and work-life balance could be something to look for in your next role. Find out about the latest workplace trends for supporting employees with their health, finances and work-life balance. The salary ceiling While the wage growth rate in Australia for 2018 may be up on last year, it’s still very low with second …

Weekly Market Update 14 December 2018

Weekly Market Update 14 December 2018 Investment markets and key developments over the past week Share markets were mixed over the last week with nervousness around trade and global growth continuing, not helped by weak Chinese economic data. US, Eurozone and Chinese shares rose but Japanese and Australian shares fell. Despite a rise in material stocks over the last week the Australian share market was particularly dragged down by telcos, consumer staples, utilities and financials – …

Four reasons the global economic outlook for 2019 looks positive

Four reasons the global economic outlook for 2019 looks positive Many investors have been rattled by falls in share markets and are fretting about what the new year may hold. But there are a number of reasons to suggest that after a weak 2018, 2019 will be better, and that a well-diversified portfolio should deliver reasonable returns. 1. This is a “mid-cycle” correction Firstly, while some investors fear a recession and full-blown bear market, when …

Are you a money pushover?

Are you a money pushover? Being loyal, generous and spontaneous are all positive human traits. But if you’re spending more than you need to because you can’t say no, then it could be time to own up to being a money pushover. Get tips on how to stop compromising on your finances and start standing up for yourself. If you’re shy about coming forward to collect money you’re owed and always the one picking up …