Nine common mistakes investors make Key points Many of the mistakes investors make are based on common sense rules of thumb that turn out to be wrong. As a result, it’s often wise for investors to turn common sense logic on its head. The easiest way to avoid many of these mistakes is to have a long-term investment plan that aligns your financial goals with your risk tolerance. Introduction In the confusing and often seemingly …
Australian housing finance is booming… but can it continue? What the data is saying According to figures from the Australian Bureau of Statistics (ABS) , the total value of new loan commitments for housing and within that, the value of owner occupier home loan commitments each reached record highs last month. Some key figures include: 1. The total value of new loan commitments for housing rose 8.6 per cent to $26 billion (seasonally adjusted.) This …
Market Update 05 February 2021 Investment markets and key developments over the past week Global share markets rebounded over the last week helped by good economic data and earnings news, reduced concerns around vaccines and as worries about the Reddit/day trader crowd adding to volatility fizzled. This saw the US share market rise to a new record high. Reflecting the positive global lead along with strong Australian data and a very dovish message from the RBA …
5 tips for creating your own good fortune this Lunar New Year The Lunar New Year begins on 12 February, as we usher in the year of the Ox. Ancient Lunar New Year traditions are believed to encourage health, wealth and prosperity, so why not create your own good fortune with our guide to help you get your finances in order? Have a financial spring-clean Part of the traditional preparations for Lunar New Year includes …
Market Update 29 January 2021 Investment markets and key developments over the past week Global share markets fell over the past week hit by a combination of concerns around coronavirus, vaccine roll out and delays to extra US stimulus as US day traders added to volatility. Australian shares fell reflecting the weak global lead with resources, IT, financial and industrial shares seeing the biggest falls. Bond yields fell in the US and Europe but were …
Seven key charts for investors to watch regarding the global economy and investment markets this year Key points Shares are at risk of a short-term correction or consolidation, but investment markets should provide solid returns this year on the back of continuing economic recovery and low interest rates. Seven key global charts worth keeping an eye on by investors this year are: the trend in new coronavirus cases and deaths; global business conditions PMIs; unemployment; …
Econosights: The importance of domestic tourism for the Australian economy Key points Domestic tourism is worth more to the Australian economy (at over 4% of GDP) compared to how much international tourists bring into Australia (at 1.3%). And, Australian spending on overseas trips is worth twice the value of international tourist spending within Australia. So, there is potential to offset the loss of activity from international tourism (especially if the borders stay closed through …
Market Update 22 January 2021 Investment markets and key developments over the past week Global share markets rebounded over the past week with US shares hitting a record high helped by good earnings news and optimism regarding President Biden’s stimulus plans. Reflecting the positive global lead and good Australian economic data the Australian share market rose to its highest since February led by strong gains in IT, retail, health and telco stocks. Bond yields mostly rose …
US political protests, inflation and rising bond yields Key points US protests are only an issue for investment markets if they significantly impact economic activity. Global and Australian recovery will boost bond yields and there is good reason to believe that (after yet another false ending) the now nearly 40-year super cycle decline in bond yields may be at or close to over. But the end of the bond bull market is likely to …
Market Update 15 January 2021 Investment markets and key developments over the past week Global share markets were mixed over the last week with Japanese shares up strongly, but US and European shares down slightly partly on profit taking after a run of strong gains along with concern about rising bond yields and Chinese shares also down. Consistent with the soft US lead Australian shares also fell slightly with gains in energy, financial and IT stocks …
