The recent volatility in the global stock markets inevitably has clients asking, “what should I be doing?”.
Considering the market, the U.S. in particular, has been on a bull run since 2009 moving to record highs and double-digit gains, it’s not entirely unexpected to experience a pullback.
The reasons for this latest volatility is an uptick in U.S. inflation and with that an expectation of interest rate increases. This in fact is not bad news but good fundamental economic news.
The Kmart Wishing Tree Appeal is the largest and longest running Christmas Appeal, now celebrating their 30th anniversary. Many people struggle with the extra bills that happen around December and into the New Year. This often leaves little available for Christmas presents. The Kmart Wishing Tree Appeal’s key idea is to show people who are struggling that they’re not alone. This is done by collecting gifts for those who would otherwise go without this Christmas.
It has now been 10 years since we experienced the global financial crisis (GFC) and on this anniversary it is prudent to address what occurred 10 years ago and what we have learnt from it.
One lesson learnt was that those investors who redeemed all their investments and moved to cash after the falls, as the pain was too unbearable, probably had the worst experience. Because it is almost impossible to time the market, those investors in the main then missed out on the market rebound in 2009.
There are few words more exponentially life changing than ‘I’m pregnant.’ For some these words are a source of immense joy and excitement whereas for others, fear, dread and absolute terror are more appropriate ways to describe their reaction. Regardless of the reaction to the news, the reality is that life as you once knew is about to change.
Self Managed Superannuation Funds (SMSF) are still actively being setup by Australians. But there are growing concerns that SMSF property investments are being pushed by aggressive unlicensed property spruikers who are not acting in their best interests.
For some time the Australian Securities and Investments Commission (ASIC) has warned real estate agents that they must have an Australian Financial Services Licence (AFSL) before they recommend the use of a SMSF to invest in property.
The issue of Lenders Mortgage Insurance (LMI) is a question that regularly comes up when guiding clients through property purchases. With housing prices continuing to rise and stagnant wage growth, getting into the property market is becoming increasingly more difficult. Rising house prices and lower wage growth ultimately leads to lower deposits and if you don’t hit the 20% deposit mark, Lenders Mortgage Insurance now comes into play.