On 21 July 2020 the Government announced a range of proposals to the JobKeeper and JobSeeker Payments as existing arrangements are set to expire in late September 2020. Certain tax concessions to assist businesses were also extended and have been legislated. We have summarised each of these changes below.
The power of compound returns is startling and the mathematics in favour of starting to save early in life is undeniable.
As markets continue to be wax and wane due to ongoing coronavirus fears and subdued employment and economic recovery numbers, it seems timely to remind ourselves of the types of behavioural and emotional biases that could lead to potentially risky investment behaviour, and how you can avoid them. As human beings we are not well wired for the rational, dispassionate approach that economists love to think of as “normal”.
Despite what the market recovery late in the financial year may imply, the economic fallout from COVID-19 will be long-lasting and the outlook remains highly uncertain.
Due to the Coronavirus pandemic, the Australian Government made a number of announcements about relief packages to help Australians through this difficult period. The most recent relief package announcement was to introduce the HomeBuilder scheme in an effort to stimulate the building industry, creating jobs and economic growth, and for those lucky enough to be able to take advantage of this, providing the opportunity to build or renovate the home of your dreams.
SuperFriend takes us on a journey to help us understand that mindfulness is about keeping our thoughts in the present - not thinking about what will happen next and not going over the past. It’s being aware of our current emotions and sensations, without reacting to them. Mindfulness is about keeping your thoughts in the present - not thinking about what will happen next and not going over the past. It’s being aware of your current emotions and sensations, without reacting to them. Sounds simple but the reality is most of us have busy working lives that can leave us feeling anxious, stressed and over-committed. Fortunately, there are a few simple things we can do to bring calm and focus into our workdays.
We hope that we can retire with enough life left in us to enjoy all the things that took a backseat during our working years. We want enough money to be comfortable and safe in the knowledge we won’t run out of money and have to go back to work, unless of course we want to. With all this in mind, you probably want to place a dollar figure on how much you need to save now, to be able to retire comfortably. That number is your individual number as it will be based on your individual circumstances – where and how you want to live, your assets and debts, whether you have dependants or not and the type of lifestyle you live. It will also change based on the type of investments you hold and the returns on your investments
How often do you feel you are burning your candle at both ends? That no matter how hard you try to destress or what boundaries you set, the to-do list gets longer and you find it harder to catch your breath? Even with businesses shutting down and our usual activities ceasing, somehow we’re still just as busy as before. We’re filling up our free time with activities and home workouts and picking up new hobbies, and it’s exhausting. This kind of burnout has been getting the better of our generation and we’re starting to fall victim to it from a very young age. The constant strive for productivity is making us unproductive. The hardest thing about the society we built is that it has become increasingly difficult to extract ourselves from triggers; work, illness, racism, pandemics, environmental crisis’, social media… The list itself is endless. But one thing I found that helped me has been building a ‘medicine cabinet’ of rituals that I can treat myself to when I start to feel anxious or overwhelmed. Here are a few rituals that may help you too.