How to Build a Sustainable Family Budget
With the rising cost of living and inflation affecting many households, Australian families are feeling the squeeze. The Consumer Price Index (CPI) increased by 3.8% over the twelve months to June 2024, making it essential to create a sustainable budget. Here’s how you can manage your finances effectively while being mindful of both your wallet and the environment.
A Holistic Approach to Your Financial Well-being
Mental health plays a vital role in how we approach financial decisions and manage our everyday lives. Stress, anxiety, and other emotional challenges can significantly influence your financial choices, creating a cycle that can be tough to break. In this article, we discuss signs of financial stress and provide practical steps for managing it.
Understand Superannuation Trends and Make Better Choices
Are you making the most of your retirement savings? Recent data from the Australian Prudential Regulation Authority (APRA) has shed light on some interesting trends in how Australians are choosing to use their superannuation in retirement. What the Data Shows Despite efforts to encourage retirees to use income stream products, many are still opting for lump sum […]
Newsletter – September 2024
In a month that defied the typical “September effect,” both the Australian S&P/ASX 200 and the US S&P 500 saw gains, with the ASX 200 increasing by 0.95% and the S&P 500 rising by 1.49%. The housing market also showed resilience, with national dwelling values rising 0.5%, though the pace of growth is moderating. The RBA kept the cash rate target unchanged at 4.35%.
How Global Rate Cuts Affect Our Term Deposits
Australia’s major banks have recently decided to lower their term deposit interest rates. This change comes at the same time as US Federal Reserve Chair Jerome Powell announced that the US is likely to cut interest rates soon. This development has important implications for both the Australian and global financial markets, presenting opportunities for investors […]
Patience is a Powerful Strategy
In the fast-paced world of investing, it’s all too easy to get caught up in the whirlwind of daily market movements. Charlie Munger once said “The big money is not in the buying and selling, but in the waiting”; it’s a powerful reminder that patience is a cornerstone of successful investing. As we ride the […]
Understanding The New $3 Million Super Tax and How It Affects Your Wealth
With significant changes to superannuation tax laws on the horizon, it is essential for high-net-worth individuals to understand the potential impact on their wealth. The looming increase in tax rates on superannuation balances exceeding $3 million has generated substantial debate. As the implementation date draws near, taking a thoughtful and informed approach is vital. However, […]
Newsletter – August 2024
In August 2024, the Australian S&P/ASX 200 showed cautious optimism with a modest gain, influenced by inflation data and the RBA’s steady cash rate. The US S&P 500 outperformed, driven by positive economic news and potential interest rate cuts by the Federal Reserve. The Australian residential property market saw a national home value increase, with notable growth in Perth and Adelaide, while Melbourne and Hobart experienced declines. Inflation in Australia eased, but the RBA maintained the cash rate, anticipating economic growth in 2025.