Market Update 27 March 2020 Investment markets and key developments over the past week After 30% plus falls from their highs earlier this year, share markets had a welcome rebound over the last week. While the number of coronavirus cases continues to soar and economic data beyond China is now starting to show the huge impact from the shutdowns, share markets managed to rebound because a lot of bad news had already been factored in and …
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 …
Boost savings with compound interest If your goal is to save for the future, or perhaps start putting away for your children’s education – then unless you plan on putting your savings under your mattress, the sooner you start the better. That’s because you could be missing out on earning compound interest along the way that could make a stark difference to the overall amount you save. The difference between simple interest and compound interest …
How to play catch up with your super Now you can put more into super at the concessional rate of tax, starting from the 2019-20 financial year Putting more money into the tax-friendly framework of superannuation to help you enjoy a fulfilling retirement… it’s one of those things that seems like a no brainer, especially with the benefit of hindsight. In a recent report Australians in retirement said that making extra super contributions was the …
Get social to boost your savings Want to get on the fast-track to your financial goals? Partner with a money buddy or join a support group and you could find yourself saving more and getting closer to your goals. When you’re making a firm commitment to boosting your savings, getting help doesn’t have to mean cutting up your credit card or keeping away from shopping malls. With support and encouragement from your financial allies, you could …
7 ways to boost your super Investing in your super now may help you live the life you desire in retirement. By the time you retire, your super will likely represent one of your biggest assets. It’s real money and it’s your money, so putting some thought into making contributions today may help you achieve the lifestyle you want in retirement. But remember that the money you contribute into super will be subject to preservation …
Why tax aware investing can help boost retirement income With the huge bulge of baby boomers entering retirement, and yields at near-record lows, there is an emerging rediscovery of the vital role equities can play in delivering retirement outcomes. Equities provide retirees with a regular and reliable income that grows over time. They not only generate income and strong expected returns, but also protect against inflation risk and longevity risk (the risk of outliving your …
Should I repay my home loan or boost my super? Both options make good financial sense—we look at some pros and cons to help you decide. Retirement may not be as far off as it used to be. With this in mind, are you finding there’s a trade-off between home loan repayments and your retirement nest egg? Adding money to super has its advantages and so does paying off your home loan. So if you’ve …
5 Small Life Changes that Can Boost Your Monetary Savings Aristotle once quoted that excellence is not an act, but a habit. The quote of the famous Greek philosopher can also be applied to managing your personal finances. You significantly improve your financial position by making small changes in your habits. Don’t know which habits to change to attain greater financial freedom? Then read on as we detail 5 small changes in your life that …
