Market Update 13 March 2020 | AMP Capital

Investment markets and key developments over the past week Share markets collapsed over the past week as concerns about the global economic impact of the coronavirus intensified, oil prices plunged as part of the secondary impact and policy responses by President Trump and the ECB were seen as not enough. Australian share fell around 20% with energy shares leading the way down but selling was broad based with industrials, financials and property stocks hit hard given …

Learnings from economists and successful investors as COVID-19 grips markets | AMP Capital

Learnings from economists and successful investors as COVID-19 grips markets Ever noticed that the world’s most successful investors and high-profile economists have memorable quotes and a philosophical flair to their writing style? It’s because times of crisis call for a calm, big-picture view, and absolute adherence to the fundamentals of investing. Our chief economist, Shane Oliver, has always had a penchant for quotes about investing. As COVID-19 continues to shake markets and confidence, that collective …

Why so many fail at investments in the age of information | AMP Capital

Why so many fail at investments in the age of information One of the pervasive risks that we face in the digital age is that even as the amount of information in the world is increasing, the gap between what we know and what we think we know may be widening. This means the ability to separate noise from signal is of increasing importance. Signal or noise? In science, algorithms do a great job in …

Which industries will Coronavirus hit hardest? | AMP Capital

We’ll have to wait some time for the full effects of the COVID-19 outbreak to show up in economic indicators, but the anecdotal evidence from local business is giving us a clear indication of the industries which will be worst affected. Reflecting the fact that the greatest impacts at this stage appear to be the result of containment efforts, rather than the virus itself, the two sectors most exposed to movements of people across our …

Money challenges women face

Knowledge is power. Financial knowledge is particularly powerful when it comes to securing your future. Women and men alike can benefit from acquiring financial knowledge and skills. But when it comes to money, women face unique challenges. The last few years have seen the spotlight shining brightly on women’s issues globally with calls for political and social change, and exciting progress has been made to close the gender gap. However, there are still a number …

Health and holistic financial advice [Free eBook] | Money & Life

As financial planning professionals, it can be easy to confine our advice and interactions with clients to topics related directly to money and finances – after all, that’s what usually gets them in the front door! But as our relationships with clients hopefully grow over time, and we become more familiar with their personal circumstances, ambitions and what is holding them back from achieving their goals, it makes sense that we start working with them …

Budget smarter with the 50/20/30 rule

Looking at your spending in a new light could make a substantial difference to your financial future. The 50/20/30 budget rule works for one main reason – it’s easy. You’re new to budgeting. You know how much money you make and have a rough idea of how much you spend. But you’re not really sure about what, exactly, you’re spending it on, or if your spending patterns will benefit you in the long run. The …

How to avoid bill shock with bill-smoothing payments

How to avoid bill shock with bill-smoothing payments Sidestep the shock of unexpected bills by smoothing out payments and making regular, automated instalments that can be planned well in advance. Ever experience that sinking feeling when you’ve opened a bill that you can’t possibly afford to pay? The shock of receiving a big bill – or worse, a number of them arriving at the same time – can be extremely stressful. Thankfully, by setting up …

A guide to retirement in Australia | Money & Life

A guide to retirement in Australia | Money & Life Many of us think of retirement as a given – you work hard for your middle years, and then you get to bow out of the workforce and enjoy a well-deserved rest, take those bucket-list trips and enjoy the best life has to offer. After all, you’ve made your contribution and now you’ve earned the right to kick back. But unfortunately, retirement isn’t that simple …