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Key points - Higher bond yields are normal in economic recovery and should not be a major problem for shares if they are matched by rising earnings. But too rapid a rise in bond yields risks driving a deeper correction in shares. - Central banks want higher inflation but will look through any short-term spike....Read More
There’s no denying the pandemic has significantly affected the finances of many Australians. Some of us are spending more, some are cutting back on non-essential spending and for others, the uncertainty has challenged us to save money for a rainy day, like never before. According to AMP research, around one in 10 Australian employees feel...Read More
If you need help in your home, or can no longer live independently, the Australian Government provides a range of aged care services. These services are subsidised, but you need to contribute to the cost if you can afford to. Where to start The first thing to do is think about what you need. You...Read More
In 2020, the race that stopped the nation was arguably not the Melbourne Cup, but the abandoned Australian Grand Prix, which had been scheduled for March 15 in Melbourne. For many, the shutting down of this race on the day really drove home the point that we were on the precipice of a world-changing moment....Read More
If you're thinking about selling your home and downsizing, consider the pros and cons. Check if selling your home affects your government benefits. Consider the costs and your needs before you downsize Take time to consider your needs. Make sure your new home suits your lifestyle, budget and level of independence. Some of the costs...Read More
Getting a good balance in 2021
April 27, 2021Financial Planning, Superannuation
By Tony Kaye, Senior Personal Finance Writer, Vanguard Australia Reviewing the structure of your investment portfolio is an important and ongoing task that should ideally be undertaken at least once a year. Doing so ensures your portfolio asset allocations remain aligned with your tolerance for risk and your broader long-term investment goals. After such a...Read More
Financial wellness is how you feel about your money. It can affect your overall wellbeing and other areas of your life, such as work and family. So, while money isn’t the be-all and end-all, how you feel about it is pretty important. Since 2014, AMP has been commissioning research1 into the financial wellbeing of Australians...Read More
Exit and early termination fees can put the brakes on plans to sell, to refinance, and to renovate or purchase an investment property. Here’s how to avoid them from the start. Fees charged for the early repayment of variable-rate loans were phased out by government reforms in 2011. However, fixed-rate loans may still carry these...Read More
Knowing exactly what deductions apply to travel expenses can save a heap of hassle at tax time. The Australian Taxation Office (ATO) has released a new ruling that clarifies what expenses employees can deduct for work-related travel. The new ruling, Income tax: When are deductions allowed for employees’ transport expenses? was released this week, bringing...Read More
Key Points Digital currencies and blockchain technology may have a lot to offer - but that does not mean Bitcoin will be it. Due to extreme volatility, high transaction costs and slow processing, Bitcoin does not cut it as digital cash. But it’s not an asset generating cashflows either, which makes it impossible to value....Read More