Finance News

From the monthly archives: March 2022

We are pleased to present below all posts archived in 'March 2022'. If you still can't find what you are looking for, try using the search box.

"Dosh" Frydenberg's budget and the impact on the share market

Posted on Wednesday, March 30, 2022
By now you’ll be well aware that last night was federal budget night and Treasurer “Dosh” Frydenberg has done his best to butter us all up before the upcoming (but as yet unannounced) election.   I’m sure you’re across all the spending and you don’t need me to tell you about it again, but where I can shed some light is on where money has been invested in the stock market since the announcements, and how the market has reacted.   It makes sense that retailers and car-related stocks will benefit from a bounce in consumer spending after the budget promised voters $8.6 billion to address cost of living pressures, including the high price of petrol.   The big one is the cut to fuel excise, which is already flowing through to the bowser. Viva Energy, one of Australia’s largest petrol station operators, has immediately cut fuel prices by 10¢ a litre at its 700 Coles Express sites across the country.   The excise cut, along with other new ... Read the rest of entry »

The war might be in Ukraine, but we're all going to feel it

Posted on Thursday, March 10, 2022
Have you felt the pain at the petrol bowser yet? Blame Vladimir Putin. The Russian President’s invasion of Ukraine is already having global impacts.   While Ukrainians suffer through the very real fear and danger of missiles raining down on them, the rest of the world has also started wearing the consequences, as the sanctions against Russia start to impact global supply lines and spur on inflation.   The even worse news is petrol prices are expected to rise north of $2.50 per litre, with some pundits predicting $3 per litre might be on the horizon.   This is exacerbated by the fact that many Australians, Melburnians in particular, are still tentative to get back on public transport thanks to COVID, which means we’re churning through the petrol more than we ever have.   Obviously, a bit of pain to the hip pocket for us here doesn’t compare to the horrible suffering that Ukrainians are going through, but the point is that while this war may feel a long way away, we ... Read the rest of entry »

How the floods up north and the war in Ukraine impact us all

Posted on Wednesday, March 2, 2022
The floods in NSW and QLD are beyond devastating, with flood waters in some cases up to 15 metres. Unthinkable really, and our thoughts and prayers are with our neighbours in the north. However, we’re a nation that’s used to natural disasters, from floods, to storms, to bushfires. And the conversation that often arises when these horrible things occur, centres on insurance. When thinking about all your insurances, it’s important to consider what you’re covered for, but also what you’re not covered for. For example, there is a difference between flood and storm damage coverage, just as there is a difference between trauma and critical illness policies. Similarly, there are some travel insurance providers that are now excluding COVID coverage, particularly in the US. The lesson is to make sure you’re actually covered for what you believe you need to be covered for. The downside is that the more coverage you have, the higher your premiums are likely to be. But in the ... Read the rest of entry »

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