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Five reasons why this downturn and subsequent recovery are different

Key Points This economic downturn and recovery differs from those of the past in that: the downturn was driven by a government shutdown; fiscal and monetary support has been faster and bigger; forced asset sales have been headed off; it’s dependent on containing coronavirus; and it’s seeing more rapid structural change. As a result, we …

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A Joe Biden Presidency

Implications for Investors and Australia Key points: The US election has been close and final counting as well as legal challenges could still upset the result, but the now highly likely outcome is a Biden Presidency. While there is a possibility that the Democrats could win control of the Senate via runoff elections in Georgia, …

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Seven reasons why the trend in shares will likely remain up, albeit with bumps along the way

Key points Shares have had a strong run up from their March lows with US shares now at a record high. While shares are vulnerable through the seasonally weak months ahead in the run up to the US election, the positives – including good progress in developing vaccines, the downtrend in the US dollar, signs …

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Are young people putting themselves at risk without life insurance?

Today, young people are often called the “the smashed avocado generation,” supposedly frittering away money on ‘luxury’ items rather than working hard to save for their first home or retirement nest egg. However, despite their spendthrift reputation, most millennials are quite prudent when it comes to managing their financial affairs. Research by Afterpay found that millennials …

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Managing your financial health during the COVID-19 pandemic

The COVID-19 pandemic has certainly disrupted our daily lives, forcing us to close entire industries and change our behaviour overnight. With the lockdown directly affecting jobs and the economy, many people’s thoughts quickly turned to their finances. Whether or not your income has been affected, now is a good time to get your finances in …

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Make Your Super Last

Australians enjoy one of the highest life expectancies in the world, which means you can look forward to a long and comfortable retirement. While that’s fantastic news, it also makes saving for retirement more important than ever. Indeed, the majority of Australians over age 40 who are yet to retire are concerned about not having …

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Investing during a recession

In times of uncertainty, when share markets and interest rates are falling, along with declines in consumer and business confidence, investors often question if their money is safe and if it’s still going to meet their long-term investment goals. But whether it’s a period of sustained volatility due to a global financial crisis, a medical …

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How has COVID-19 changed Australian consumer spending habits?

How has COVID-19 changed Australian consumer spending habits? Australian spending habits have changed markedly in the last few months. Consumers continue to worry about the strength of the economy, the duration of the pandemic and overall public wellbeing. But while Australian consumer spending remains slow, we’re seeing signs of recovery across most categories and grocery …

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Economic Update

Introduction Covid-19 developments continued to dominate attention. There were spikes in the number of new infections in both Australia and overseas, suggesting an economic recovery may be delayed. Share markets powered ahead, however, as investors remained convinced that governments and central banks will provide sufficient financial assistance through the crisis. Fixed income markets also registered …

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Am I eligible for the HomeBuilder grant?

Available for a limited time, the HomeBuilder grant offers eligible owner-occupiers, including first-home buyers, a potential tax-free $25,000 boost to help fund the cost of building a new home or substantially renovating an existing home. Although not specifically targeted at first-home buyers, the Government expects the HomeBuilder grant will be popular with first-home buyers looking …

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