August 2020 – Page 3

What’s the difference between a financial planner and an accountant? | Money & Life

What’s the difference between a financial planner and an accountant? When it comes to getting professional advice on money matters, should you be looking for an accountant or financial planner? Find out how they’re different and what services each one offers to help you manage your finances. When you’re looking for help on anything to do with money, finding the right person to turn to for advice can be a challenge. According to a …

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RBA holds – but more stimulus likely as Victorian lockdown to knock at least $12bn from national GDP | AMP Capital

RBA holds – but more stimulus likely as Victorian lockdown to knock at least $12bn from national GDP Key points Victoria’s tightening lockdown could knock at least $12bn off the Victorian and national economy and delay the return to positive Australian GDP growth to the December quarter. The further hit to the economy and likely additional upwards pressure on unemployment is increasing pressure for more policy stimulus. This is likely to see the federal budget …

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Market Update 31 July 2020 | AMP Capital

Market Update 31 July 2020 Investment markets and key developments over the past week Share markets were mixed over the last week with Chinese shares up solidly and US shares rising slightly on the back of good earnings results, particularly for tech stocks, but Eurozone, Japanese and Australian shares fell on uncertainty regarding the economic outlook. Australian shares were dragged lower by sharp falls in energy, financial, health, property and utility stocks. Bond yields generally fell …

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Markets craving guidance ahead of August reporting woes | AMP Capital

Markets craving guidance ahead of August reporting woes For many big corporates, the upcoming earnings season will be the first proper chance for the market to assess the damage of the COVID-19 pandemic. How will markets respond and what could investors do to insulate themselves from the fallout? With the Robin Hood rally running out of steam, swap a sword for a shield For Australian equities, the beginning of the new financial year is likely …

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Make a plan for your tax refund

Some ways to use your tax refund for a stronger financial future Not sure what to do with your tax refund? Strategic financial decisions for your tax return begin with a strong plan. Whether you breeze through tax time or dread the extra admin, receiving a tax refund makes the effort worthwhile. For many of us, getting a financial boost will be even more welcome this year, and you might be looking around for the …