How to adult—a quick guide to personal finances in your 20s

How to adult—a quick guide to personal finances in your 20s Getting to grips with debt, budget and cash flow It’s a pity there’s no handy ‘How to’ book to teach you about adult life, especially when it comes to finances. It’s something that you need to learn on the job. To make the task easier, here’s a breakdown of the three trickiest areas to get to grips with in your twenties – debt, cash …

Aussie housing facing strong headwinds

Aussie housing facing strong headwinds The Australian housing market is in a more precarious position than the United States was before the global financial crisis (GFC), according to a new analysis from AMP Capital which shows households have frittered away record income rises by taking on debt to buy housing. Our mortgage-related debt is higher, property gross rental yields lower (suggesting over-valuation) and our prevailing interest rates are much lower leaving less buffer for interest …

6 ways to reduce your credit card debt once and for all

6 ways to reduce your credit card debt once and for all Here are some tips to start paying off your debt $45 billion. That’s how much Australians owe on their credit cards.i Now, perhaps that’s no drama if we’re not paying too much to access credit and we’re managing to avoid interest charges by paying back what we owe on time. But we paid a collective $1.5 billion in fees in 2016-17.i And we’re taking …

The skills you need for big money choices

The skills you need for big money choices Even when you’ve got the skills to budget for your household, making big financial decisions can seem beyond you. You might feel like you lack the knowledge or confidence to plan for your financial future, instead of just managing day-to-day. So just what is that holds you back from getting in control of your finances and feeling confident about your future? In a 2018 report from UBS, …

Weekly Market Update 18 January 2019

Weekly Market Update 18 January 2019 Investment markets and key developments over the past week Share markets continued to rise over the last week helped by talk of policy stimulus (notably in China) and optimism of a resolution to the US/China trade dispute. Bond yields rose in the US but were little changed elsewhere, commodity prices including oil rose and the $US rose slightly which saw the $A fall slightly. After a great rally since Christmas …

Econosights – An update on Brexit

Econosights – An update on Brexit Key points Brexit defeat could be a positive for the UK and Euro economies   Theresa May likely to survive vote of no confidence   The impact on Australia of Brexit uncertainty is minimal While Theresa May’s proposed Brexit plan suffered a large defeat in the UK parliament overnight, it may actually result in a “softer” Brexit outcome overall, which would be positive for the UK economy (and by …

2019 – a list of lists regarding the macro investment outlook

2019 – a list of lists regarding the macro investment outlook Key points Despite continued volatility, 2019 is likely to be better for diversified investors than 2018 was.   Recession is unlikely and so too is a long and deep bear market in shares.   Watch the US trade war, the Fed, global business conditions indicators, Chinese growth, politics and the Sydney and Melbourne property markets. Introduction 2017 was a great year for well diversified …

The five big fears that shaped 2018

The five big fears that shaped 2018 After solid returns and relatively low volatility in 2017, many investors entered 2018 fairly optimistic, however we expected returns would be more constrained and more volatile than they were last year. Looking at the big picture, global growth was good, we saw relatively low inflation globally and the Australian economy grew at a reasonable rate. Five big fears But five big concerns came together to deliver a surprisingly …

Weekly Market Update 11 January 2019

Weekly Market Update 11 January 2019 Investment markets and key developments over the past week Since our last weekly update three weeks ago investment markets have been on a bit of a roller coaster ride, with Santa missing Christmas for markets but arriving the day after. Global shares led by the US continued to plunge into Christmas as the US saw the start of a partial government shutdown taking the decline in the US share market …

The Aussie economy in 2019; it’s not boom but it’s not doom either

The Aussie economy in 2019; it’s not boom but it’s not doom either Investors might be confused about the mixed news coming out late last year for the Australian economy and what it means for returns and rates. Economic growth has been okay, and unemployment has fallen to five per cent which is quite low by Australian standards. But we’re also seeing ongoing weakness in house prices. Some say house price falls could be worse …