Fast-tracked tax cuts and wage subsidies for younger workers underline the Federal Government’s budget. Introduction It’s hard to image the year we have had, other than in a science fiction novel! The impacts of COVID-19 have reverberated in ways nobody could have predicted, with over 1,000,000 lives lost worldwide, and more to come until effective […]
Extension of JobKeeper As the COVID-19 pandemic continues to affect employment in Australia, the Government has announced an extension of JobKeeper from 28 September 2020. From this date, the flat rate of JobKeeper will reduce, payment tiers will be introduced and ongoing turnover tests for businesses will be used to determine eligibility. Legislation is necessary to support […]
Three important ways to think about investing in the current markets Portfolio falls are temporary moves that become permanent losses only when investments are sold Market volatility can be an investment opportunity for the longer-term. Investment success shouldn’t be measured against beating short-term returns – it’s about being on track with the right strategies to […]
Keeping you informed during the coronavirus pandemic. We appreciate that you and your family are dealing with a significant amount of information relating to the global COVID-19 pandemic. As a highly valued client of Fintech Financial Services, we want to share with you important changes to Super and Account Based Pensions (Pensions), and keep you […]
Further to my recent updates relating to the Coronavirus, you may feel like the sky is falling at the moment. It’s an anxious time, but I wanted to provide some reassurance and perspective. We had positioned your portfolio defensively leading into this period of volatility. A focus on preserving capital remains very much top of […]
Whether it’s social media, TV or radio, the coronavirus or COVID-19 is a topic we simply cannot escape. As much as we would like to try and ignore it, we can’t and it is having a significant impact on people and businesses in Australia. We are already experiencing panic buying of essential goods around Australia […]
The RBA announced its decision on interest rates as the coronavirus begins to impact the Australian economy At its monthly board meeting on Tuesday 3 March 2020, the Reserve Bank of Australia (RBA) decided to cut the official cash rate by 0.25% to a new low of 0.50%. The Board took this decision to support […]
Firstly, we wish for you and your families to remain safe and healthy as the Covid-19 (Coronavirus) runs it course. What began in December 2019 with a handful of mysterious illnesses in the central Chinese mega-city of Wuhan has travelled to other parts of the world, jumping from animals to humans and infecting close to […]
The Reserve Bank of Australia (RBA) has left the official interest rates on hold at it’s first meeting for 2020 today. The cash rate decision comes at a time when the bushfire emergency and coronavirus outbreak weighs heavily on the Australian economy. Improved employment data likely buoying the reserve bank’s outlook, even though economic growth […]