Explaining the Historic COVID-19 Oil Price Crash

  • Post category:Investing

The Great Lockdown continues to turn markets on their head. Last week, we dug into the unprecedented number of initial jobless claims coming out of the United States, which topped 22 million in a period of four weeks. It’s just days later, and we already have our next market abnormality: this time, traders were baffled by West Texas Intermediate (WTI) crude — the U.S. benchmark oil price — which somehow flipped negative for the first time in history. How is that possible? And how does it tie into the COVID-19 oil price crash in general?

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Market volatility and your portfolio

  • Post category:Investing

Take a long-term view Investment results tend to vary more widely when you just consider the returns over a period of one year. Ten-year returns are generally much more stable and a lot more predictable as can be seen in the chart below.

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Understanding changes to Centrelink entitlements

  • Post category:Centrelink

Are you concerned about your Social Security (and Department of Veterans’ Affairs) pensions and other income support benefits due to the Coronavirus situation? Recent changes in the value of your investments due to market movements may increase your social security entitlements, or you may become eligible for a benefit.

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Working From Home

  • Post category:Education

There are many advantages to working from home - flexibility, increased productivity and less distractions. Here are some tips to help make working from home successful.

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KnowHow – Support for Businesses in Times of Need

  • Post category:Education

You, or someone you know, may have had a change in circumstances and may need support. We have put together some information to help you navigate these uncertain times and to answer some frequently asked questions.

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KnowHow – Early Access To Your Super – Coronavirus

  • Post category:Education

1 April 2020 A number of measures have been put in place to support Australians in response to the Coronavirus. This includes broadening early access to superannuation savings under compassionate ground - coronavirus.

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KnowHow – Q&A: Social security support in times of need

  • Post category:General

2 April 2020 You, or someone you know, may have had a change in circumstances and may need support. We have put together some information to help you navigate these uncertain times and to answer some frequently asked questions.

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KnowHow – JobKeeper Payment

  • Post category:Education

9 April 2020 You, or someone you know, may have had a change in circumstances and may need support. We have put together some information to help you navigate these uncertain times and to answer some frequently asked questions.

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Residential aged care – What you need to know

  • Post category:Aged Care

Whether considering options for yourself or deciding how best to help someone close to you, residential aged care can be a complex area requiring careful thought. The uncertainty surrounding where to move, how much it will cost and where the money will come from can be overwhelming and stressful.

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Aged Care – The Basics

  • Post category:Aged Care

Aged care can be a tricky area to navigate, and requires careful thought. To help you or your loved one obtain the best outcomes, this three-part guide will take you through the process of applying for, receiving, and paying for suitable aged care services.

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Investment options in retirement explained
Retirement Senior Couple Lifestyle Living Concept

Investment options in retirement explained

  • Post category:Retirement

Getting the balance right between a safe spending rate and having enough income to enjoy retirement takes some careful planning. Investing for a reasonable return is one approach to helping your savings go the distance.

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Your retirement income options: Introducing the Age Pension

  • Post category:Aged Care

The Age Pension is an important financial safety net for many older Australians. It’s the most common type of pension you can receive from the Government. Around 65% of people in retirement rely on some form of Government pension or allowance as their main source of personal income1.

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The Government’s JobKeeper Payment Explained

  • Post category:Education

On 30 March 2020, the Federal Government announced the introduction of the JobKeeper Payment. The payment is a wage subsidy paid by the Government to businesses significantly impacted by the Coronavirus. This will allow employers to continue paying their employees whether they are able to work or not. The Government will provide $1,500 per fortnight (pf) per employee for up to six months to eligible businesses. The business must pass on the payment to eligible employees. The first payments will be paid to eligible businesses in the first week of May. If you are self-employed, you may also be eligible for the payments.

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