Finance News
1st August each year is not only every horse’s birthday, it’s also the unofficial start of reporting season. This is when ASX-listed companies report their performance in the last financial year. Some companies give full year results, while others report on the 4th quarter of the financial year (April-June). Now, you may think this doesn’t impact you…
Read the rest of the entry »
As we all know by now, the RBA hiked interest rates another 0.5% at its meeting earlier this week. And it’s probably not surprising that at the time of writing the ANZ, CBA and Macquarie have all passed on the rate increase to mortgage holders in full. Really, you can expect that all lenders…
Read the rest of the entry »
If, like many Australians, you’re starting to feel the pinch on rising costs like petrol and groceries, the bad news continues to come. The latest inflation figures were released yesterday revealing a CPI increase of 6.1% over the year to 30 June. That’s a record high, but it’s not the sort of record we…
Read the rest of the entry »
“We’re just taking it one week at a time.” If you’re a footy fan, you hear it every week. And you might be tempted to take the same approach with your finances at the moment, given how quickly the world is changing. However, in the money world, I reckon the saying should be, “we’re just…
Read the rest of the entry »
Rising interest rates and high inflation have been the themes of the year so far, and in the US tomorrow morning our time I expect the latest inflation figures to show a 9% rise, which will also likely trigger the Federal Reserve to increase US interest rates by a further 0.75% later this month. …
Read the rest of the entry »
Many of us believe we’re long-term investors. When we say long-term, we’re suggesting 5+ years at least. And I use the word believe deliberately, as for those not nearing retirement, investments in superannuation count as a long-term. However, with daily online access to your account and regular finance updates, some investors may feel that going even a…
Read the rest of the entry »
Happy Financial New Year! Or is it? Higher interest rates, record high gas and electricity bills, higher petrol prices and the cost of food soaring – where’s the happiness in that? The upside is that we are at 40-year lows for unemployment, which means if someone wants a job, they can have one, but it…
Read the rest of the entry »
With a week till June 30 a lot of the conversations we’re having with clients right now are about tax deductions, and what you’re entitled to claim back from the tax man. With tax deductions, every little bit counts. Prepaying your expenses can bring forward your tax deductions so you don’t need to wait another…
Read the rest of the entry »
