Australia’s new Government – what does it mean for investors? | AMP Capital

Australia’s new Government – what does it mean for investors? Key points The absence of significant macro policy differences between the new Labor Government and the Coalition suggests minimal impact on the share market & the $A. There could be some short-term uncertainty if Labor has to rely on minority parties or independents, but its looking like Labor will be able to govern in its own right. The key economic challenges for the new Government …

Econosights: The outlook for Australian wages | AMP Capital

Econosights: The outlook for Australian wages Key points Australian wages growth has been constrained because the supply of labour has increased since the beginning of the pandemic with the labour force participation rate now at a record high. High labour underutilisation over recent years has also kept a lid on wages growth. But, a tighter labour market, falling labour underutilisation, a higher inflation environment, a lift in the minimum wage and higher public sector wage …

The RBA starts raising rates – how far and how fast? And what does it mean for investors? | AMP Capital

The RBA starts raising rates – how far and how fast? And what does it mean for investors? Key points The RBA has hiked the cash rate by 0.25% taking it to 0.35% and signalling more rate hikes ahead. We expect the cash rate to rise to 1.5% by year-end and to 2% by mid next year. But the RBA will only raise rates as far as necessary to cool inflation and high household debt …

Oliver’s Insights – Share market falls – seven things for investors to keep in mind

Oliver’s Insights – Share market falls – seven things for investors to keep in mind Key points Share markets have fallen in recent weeks on the back of worries about inflation, monetary tightening, the Omicron disruption and the rising risk of a Russian invasion of Ukraine. it’s too early to say markets have bottomed. Key things for investors to bear in mind are that: corrections are healthy and normal; in the absence of a renewed …

COVID relief continues for retirees

  COVID relief continues for retirees The Australian Government has extended measures brought in to help retirees through the COVID-19 crisis. Lower minimum income rate… If you hold an account-based pension or similar product, you need to withdraw a certain amount each financial year – this is called your minimum income amount. The Government reduced this amount by 50% during the last year. The lower rate has now been extended until 30 June 2022 so Australian …

The best money blogs and financial advice for 20-somethings

The best money blogs and financial advice for 20-somethings  Are you a 20-something, a Millennial, a Gen Y or a Gen Next? Actually, it’s a trick question, as they’re all the same thing. Whether you believe such a label applies to you or not, you may think managing your money better isn’t something you should be doing until you’re 30-something and living in your own home with kids. Here we feature some money blogs to …

Investors channel Millennials, call for an end to modern slavery

Investors channel Millennials, call for an end to modern slavery The spending power of the pivotal and perhaps most talked about generation in history – the Millennials – could ultimately put an end to the modern slavery endemic in the clothing industry. But it’s the investors in apparel and fashion companies that are paving the way for change by shining a light on supply chain transparency and sustainable practices, according to Kristen Le Mesurier, AMP …

10 experiences for $10

10 experiences for $10 For the next time you’re itching to get out, but don’t want to spend a fortune, here’s a list of 10 things to do for about $10 (or less). 1. Get near some water If you live in Australia, you probably live within 50km of the coastline.i And if you don’t, there’s a good chance you live near another type of water source – a river, dam, lake or even the local …

Watch out for tax scams

Watch out for tax scams Tax time is approaching and that means a juicy refund may be just around the corner. It’s a busy time for scammers too, and last year alone 48,000 Australians fell prey to tax scams between July and October. Already this year, the Tax Office has registered over 17,067 scam reports with victims collectively losing $1.5 million to fraudsters. That makes it worth knowing what to watch out for to keep …