Predictions for reporting season

Predictions for reporting season AMP Capital’s chief economist Shane Oliver says listed Australian companies are expected to produce solid overall profit growth in the upcoming reporting season, which will continue to underpin the stock market. But the results will be mixed, with banks, telcos and retailers struggling, and Australia’s profit growth will continue to lag the stellar profit growth of US companies. Oliver says he is looking for 9 per cent overall profit growth from …

Weekly Market Update 10 August 2018

Weekly Market Update 10 August 2018 Investment markets and key developments over the past week Share markets mostly rose over the last week as economic and profit news was mostly favourable and there was nothing really new on the trade war front. Bond yields generally fell slightly but there wasn’t a lot in it. Commodity prices were mixed with oil down, metals flat to up a bit and iron ore up. The $US pushed higher and …

Finding the right financial planner for you

Finding the right financial planner for you How should you start your search for a financial planner? There are some fundamentals you should look for in the first instance. A license to provide financial advice – Always look for a financial planner who works for a firm that holds an Australian Financial Services (AFS) License issued by the Australian Securities and Investments Commission (ASIC). You can verify the financial planner is licensed by checking ASIC’s Financial …

What’s an SOA?

What’s an SOA? When you’re presented with a Statement of Advice (SOA), it helps to know what to look for. Here’s our guide on what to expect from an SOA so you can be sure you’re getting advice and products to suit your needs. After meeting with a financial planner and discussing your goals and circumstances, they’ll give you a Statement of Advice (SOA). In a nutshell, it’s a summary of the strategy and products …

Why an emergency fund should be your first investment (Video)

Why an emergency fund should be your first investment (Video)  Saving money for a rainy day might not seem like the best start to investing for the future, but it’s actually a very important part of any plan to grow your wealth. Find out how much you need and how it could save you from unwelcome debt and stress in the future. Setup a Financial Safety Net. Online source: Produced by The Financial Financial …

Working after kids – is it worth it?

Working after kids – is it worth it? To work, or not to work? That is the question many Australian women (and some men) have to consider after having children. Sadly, both options can have long-term negative financial consequences. While it would seem obvious that not working is likely to set your bank balance back, going back to work can also be costly. Indeed, studies have shown that some mothers go back to work for …

Keeping success in your sights

Keeping success in your sights What’s the most important thing you should do to make a success of your life? We talked to singer and actress Charmaine Bingwa about the X-factor that gets her where she wants to be. Discipline from the very beginning I was born in Australia, but my parents moved here from Zimbabwe. They arrived with almost nothing, about $500 was all the money they had. And so they worked hard, saved …

Nine key rules to successful investing

Nine key rules to successful investing Key points Investing during times of uncertainty can be nerve wracking, but even in good times it can be problematic. For this reason, it’s useful for investors to keep a key set of things – call them rules – in mind. The key rules I think are to: make the most of the power of compound interest; be aware that there is always a cycle; invest for the long …

Weekly Market Update 3 August 2018

Weekly Market Update 3 August 2018 Investment markets and key developments over the past week US shares rose 0.8% over the last week, helped by strong earnings results, a bounce back in tech stocks and another“Goldilocks” jobs report. However, Eurozone shares fell 1.1%, Japanese shares lost 0.8%, Chinese shares fell 5.9% and Australian shares lost 1% as trade war fears continue to escalate. Despite this, bond yields were flat to up. Iron ore prices rose but …

5 money mindsets that hold you back

5 money mindsets that hold you back What’s holding you back from taking control of your financial future? Discover the five mind tricks that can stop you from achieving financial success and what you can do to avoid them. Fear of failure Earning and saving money from your salary is all very well. But setting up an alternative income stream from an investment portfolio can help you make the most of your personal wealth potential. …