Regular readers won’t be surprised by the current property downturn as I’ve been talking about it for the 18 months… but you might be surprised by the pace of the property value drop compared with previous downturns. As you all know, I reckon history can tell us a lot about current investment cycles and property… Read more »
I did warn over the last few weeks that many of the sharemarket experts were stashing away cash to take advantage of another sharp correction down. It came with a bang this week… the biggest one day percentage drop on Wall St since 2020. Why? Inflation. It’s driving global financial markets because inflation determines interest… Read more »
The manic profit reporting season of our listed sharemarket companies finished this week. Every day we were bombarded with so many results it’s hard to keep track. So now it’s over, what were the big-picture themes? Investment news site FNArena monitored the proportion of companies that had beaten or missed consensus forecasts with their earnings… Read more »
Imagine putting up your fees then back-charging your customers for the previous financial year? Hard to believe, but that’s exactly what Australian Super just did. Tell me any organisation that at the end of the financial year is able to get away with going back to customers and telling them they are putting up their… Read more »
The big four are always quick to raise their home loan rates, but really drag their feet to reward savers. Here’s where to find the best savings rates. All of the big four banks have hiked their variable home loan rates by 0.5 per cent after the latest RBA increase, but not all their savers… Read more »
Profit reporting season is in full swing and more economic data is emerging that suggests, as expected, inflation is starting to peak and the prospect of an economic recession is fading. Look, this isn’t new if you’re a regular reader of Your Money & Your Life. I’ve been trying to calm the farm around all… Read more »
Turning tax dobber on your ex seems to be the ultimate revenge in a relationship breakdown. But its not just ex-partners who dob… Years ago I was chatting with a former tax commissioner about tax cheats and he was saying I would be amazed how many people get dobbed in by an ex-partner (relationship and… Read more »
Well, where to start when it comes to interest rates and the Reserve Bank (RBA)? Major speeches this week from the RBA Governor and Deputy Governor, plus the Federal Treasurer orders an independent “review” of the RBA’s performance, governance, mandate and inflation settings. Let’s start with the review. As you know, I’ve been scathing of… Read more »
This week Australia’s national savings scheme, the superannuation guarantee system, celebrates 30 years since inception by then Treasurer Paul Keating. Superannuation was a genius idea that has underpinned the wealth of every Australian and the stability of our financial system and economy. Keating’s legacy has been enormous. He also deregulated the financial system, floated the… Read more »
Around 8 per cent of Australians own an investment property and this year the ATO will be paying close attention to rental income, deductions, and capital gains. So a couple of housekeeping tasks as we close the financial year. These will make sure you get things right and don’t attract the taxman’s ire. 1. Keep good… Read more »
