Old and new money lessons for kids | Money & Life

Old and new money lessons for kids One of the most important things you can teach your kids is how to manage their money as this will help them better face the challenges of adulthood. In our world of ever advancing technology, children often don’t see physical money being exchanged. In fact, some Scandinavian countries are even doing away with physical cash altogether. These days, money can be moved with the swipe of plastic card …

What does the share market need to see now? | AMP Capital

  Share markets have rallied in the last month, but they’re well off their pre-coronavirus highs. Here, we look at what markets might need to see before strengthening again. Lockdown restrictions are starting to ease now across Australia, albeit slowly. At the federal level, the government has always maintained that schools are a safe place for children, and is now urging parents to send their children back. State leaders in NSW, Queensland, the Northern Territory …

COVID-19: Withdrawing super – what to consider | Money & Life

COVID-19: Withdrawing super – what to consider In March 2020, the federal government announced early access to super as one of their measures to support people experiencing financial hardship during the COVID-19 pandemic. Find out some things to consider when looking at this option to take the pressure off your finances at this challenging time. Throughout March 2020 the federal government has been releasing details of financial support available to Australians who have lost income …

Withdrawing super – what to consider | Money & Life

Withdrawing super – what to consider In March 2020, the federal government announced early access to super as one of their measures to support people experiencing financial hardship during the COVID-19 pandemic. Find out some things to consider when looking at this option to take the pressure off your finances at this challenging time. Throughout March 2020 the federal government has been releasing details of financial support available to Australians who have lost income due …

Oliver’s Insights – What signposts can we watch to be confident shares have bottomed?

Introduction After a roughly 35% plunge from their February high point to their lows around 23rd March, global and Australian shares have had a 15-20% rally. What’s more this rally has occurred despite increasingly bleak economic data ranging from plunges in business conditions surveys or PMIs (see the next chart) to a record 10 million surge over two weeks in claims for unemployment payments in the US. Volatility remains very high but at least we …

Learnings for Aussie equities investors as a shutdown looms | AMP Capital

Learnings for Aussie equities investors as a shutdown looms The lockdown measures in Australia are at their beginnings, sending markets into a meltdown. For nervous holders of Aussie equities, it’s worth remembering there are two situations to brace portfolios for: the course this pandemic will run, and the inevitable recovery. Getting the facts right Though the number of cases in Australia of COVID-19 seem relatively low compared to global counterparts, this virus is spreading quickly …

RBA marks new record low with March cash rate call | AMP Capital

The Reserve Bank board has cut interest rates again by 0.25% at their March meeting, their fourth such cut since June last year. The move comes largely in response to the uncertainty caused by the global outbreak of the coronavirus (Covid-19), and up until about last Friday I’d have said it was a close call as to whether the bank would cut or stay put. The run of soft domestic economic data over the past …

Helping grown-up children with their finances

Helping grown-up children with their finances It’s only natural to want to help your kids with big ticket items to give them a good start in life—particularly in an era when tuition fees and house prices make higher education and owning a home less affordable than in previous generations. But it can be difficult to know when to start turning off the tap. If you have an adult child who isn’t very good with money, …

How Australians will use their tax return

How Australians will use their tax return With nearly one in three people planning to save their tax return, have you considered what you might do with yours?  This year more than 75% of Australians expect to receive a tax return, with a large portion of the population planning to use the money they receive to take the edge off their financial commitments.i We look at the most common ways people intend on using their …

Investing for kids – ways to save for their future

Investing for kids – ways to save for their future Whether you’re thinking about childcare, education or beyond, saving even a bit now could make a big difference later. It’s natural to want the best for the children in your life, whether you’re their parent, step-parent, carer, aunty, uncle, grandparent or even godparent. And, while money won’t be the be all and end all when it comes to raising happy little humans, you’d probably agree …