Albanese Labor Government’s Second Budget “Stronger Foundations for a better Future” Treasurer Jim Chalmers has delivered Australia’s first budget surplus in 15 years. The slim surplus of $4 billion represents 0.2% of GDP and an approximate $40 billion turnaround from Labor’s mini-budget delivered last October. Please note, these changes are proposals only and may or […]
As global economies adjust to the withdrawal of trillions of dollars of stimulus post-Covid, inflation is remaining stubbornly high alongside ongoing conflict in Ukraine, elevated energy and commodities prices and China’s reopening from Omicron BF.7. Central banks around the world are continuing to raise interest rates in an attempt to contain inflation. The US is […]
We wish you a safe and happy break, and look forward to new beginnings in 2023. We have prepared an end of year wrap up video. Please click on the image below to view it. As part of our tradition, Fintech Financial Services (Fintech) has made a donation to the ‘Beyond’ (Anxiety, depression and suicide […]
Balancing a revenue windfall, pre-election promises, structural spending demands & persistent inflation pressures The Labor Government under Anthony Albanese has implemented its election policies and expects lower budget deficits in the next two years thanks to increased tax revenues from higher commodity prices and other savings. However, future years are expected to bring significant deterioration […]
As the post-pandemic economic recovery continues to take shape, Australian Federal Treasurer Josh Frydenberg has handed down the 2022-23 Federal Budget Among the proposed changes, the Morrison Government has announced a pre-election cash splash and plans for lower budget deficits in the coming years. The additional spending relates mainly to this calendar year, and given […]
Key Takeaways The rapid escalation between Russia and Ukraine has dramatically shifted investor sentiment. We are witnessing a meaningful setback in key financial markets, prompting volatility and negative speculation. This is normal amid uncertainty, but it is worth stepping back to understand the fundamentals of the situation. A wide range of potential scenarios and outcomes […]
RUSSIAN CONCERNS The Russia/Ukraine situation has intensified over the past few days. We can’t yet know the lasting effects, but we are staying focused on ensuring your financial strategies and investments are positioned to minimise risk and deliver your long term objectives. This communication is to keep you up to date with our early observations […]
We wish you a safe and happy break, and look forward to new beginnings in 2022. We have prepared an end of year wrap up video. Please click on the image below to view it. As part of our tradition, Fintech Financial Services (Fintech) has made a donation to Red Cross (Australian Red Cross) on […]
We’d like to share what’s on our mind with you. We believe that remaining grounded by the principles of good investing is key as we continue to learn to navigate the difficulties of COVID, lockdowns and what the world will look like as we move forward. Sharemarkets are up strongly from pandemic induced lows in […]
After a tough 2020 and the three day lock down in greater Brisbane just before Easter, we’ve been reflecting on what that means for you, your families and your financial strategies. Relatively speaking, we have been lucky here in Australia, but given the continued unpredictability of COVID-19, and the slow vaccine rollout, it’s perhaps wise […]