Archive: 'May 2020' :

Staying afloat through the COVID-19 crisis

We’re dealing with a health crisis that no one in our lifetime has experienced, which is having an impact on global and domestic economies that no one could have forecast. Entire industries – tourism, entertainment and hospitality – have ground to a halt, and with them jobs. For Australians in these industries, not only are […]

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Why it’s important to think about insurance ahead of retirement

Finding the right level of insurance cover is important when you’re thinking about retirement. If retirement’s coming up on your horizon, the impact of COVID-19 (Coronavirus) may have thrown a warehouse-sized rack of spanners in your planning. It makes sense to concentrate on things you can control, such as insurance. Too-high premiums can chew away […]

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How to keep your head while keeping your distance

There are people who are better at the whole social distancing game than others. If you already normally work from home, for instance, you might be laughing into your elbow as you listen to the newly homebound lament that their desire to binge on Netflix on the weekend isn’t so appealing when they can do […]

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Digital payments and online banking explained

Face-to-face encounters have become less frequent in so many areas of our lives – and banking and shopping are no different. So, now’s an ideal time for older Australians to start integrating more digital transactions into their everyday banking. Using these methods for the first time can be intimidating, so we’ve answered some of the […]

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How fit are your finances?

Wearable technology can monitor our heart rate and tell us how much sleep we’ve had, but what about our financial wellbeing? If you could benefit from a Fitbit for your finances, read on. Just like your physical health, the more you can monitor what’s happening with your finances, the easier it will be to improve […]

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Take stock of how much conveniences are costing you

With weeks, and perhaps months, of self-isolation ahead, many of life’s conveniences like streaming and delivery services will become our essentials. But if you’re used to spending unlimited amounts to make life that little bit easier, now is a good time to look at what you can live without to make your budget go further. […]

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Who inherits your super?

There are only certain people who can inherit your super when you die. There are also two different types of nominations you can make. Here’s what you need to know before making your super beneficiary nomination. Super is different from other assets, such as your house, because the trustee of your super fund ultimately decides […]

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Unintended consequences of Government COVID-19 Policies

For every action there is a reaction. And while we’re not criticising the government’s policy response to COVID-19, we recognise that such intervention often has unintended consequences.  Take lower interest rates for instance. Central banks intended to make the cost of investment cheaper and be stimulatory. Instead, Australian households borrowed more money to buy bigger […]

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Planning, not panic: managing retirement portfolios through the pandemic

Despite the recent wild ride for markets coping with the uncertainty of the coronavirus pandemic, many investors are well-versed in the need to “sit tight”. They understand that moving out of positions in falling markets risks crystallising losses at the bottom and missing out on the recovery. For retirees it’s not so simple, where portfolios […]

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Geopolitical risks for the economy and investments

The world has always been challenged by the dynamics of geopolitics. The nature and magnitude of associated conflicts may transition and manifest across varying contexts but, broadly speaking, geopolitical risk is ever present. The fierce competition between the powerhouses of the East and West has been watched closely by many. The trade war between the […]

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Economic Update

Market and Economic overview Australia The coronavirus ‘curve’ of known cases has flattened out, suggesting social distancing measures have been successful in slowing the spread of the disease. The focus is now on a gradual easing of restrictions – people will gradually start returning to work as non-essential areas of the economy start to function […]

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Downsizer contributions: what are the rules?

In the first year since older Australians have been allowed to make downsizer contributions, 4,246 people have contributed a total of $1 billion in downsizer contributions to their super funds (1 July 2018 – 1 July 2019). This not only allows retired people to have access to more money to fund their retirement, it’s also […]

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Downsizer contributions: what are the rules?

In the first year since older Australians have been allowed to make downsizer contributions, 4,246 people have contributed a total of $1 billion in downsizer contributions to their super funds (1 July 2018 – 1 July 2019). This not only allows retired people to have access to more money to fund their retirement, it’s also […]

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Dividend cuts – what can investors expect?

Since the financial crisis more than a decade ago, investors have had to search much harder for income as savings rates have plunged. Many have looked to the equity market to help them achieve better income returns, with large numbers of companies increasing dividend payments to shareholders as they have grown. It is likely that […]

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Market Insight – Staying the Course

While it can be hard to stay in the market when share prices plummet, now is not the time to panic. The COVID-19 (coronavirus) pandemic has triggered a share market crash, in Australia and internationally. Since 31 December 2019, when the first cases of the new virus were reported in China’s Hubei province, the disease […]

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The Big Differences between the Great Depression and Covid-19

Global economic activity has grounded to a halt, prompting fears the world is in for a re-run of The Great Depression. While there might be similar scenes, the parallels are not as strong as you may think. Without a doubt, countries worldwide are in for sharp, deep recessions as they rightly sacrifice economic growth in […]

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How to reduce spending after a job loss

How to reduce expenses after a job loss and get back in the driver’s seat of your finances. With many thousands of Australians experiencing job losses and reduced hours as a result of the COVID-19 (coronavirus) pandemic, many will need to take a look at their expenses to continue living within their means. The average […]

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How to make the transition to working from home

For many traditional office-workers, working from home has now become the new normal. For some it’s an easy transition to make, while for others, it can be a struggle. If you find yourself struggling to adapt to this new way of working and living, here are some tips that can help. Set up a dedicated […]

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Light at the end of the coronavirus tunnel – what does it mean for investors?

Introduction The blanket coverage of coronavirus and its impact on the economy can lead to a lot of confusion. Some reports are hopeful of anti-viral drugs, others say a vaccine is at least a year away. There is talk of curve flattening but still rising cases and deaths. There is news of an easing in […]

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