Over the last two weeks the most common financial question I’ve been asked is “why should I be concerned about the collapse of Evergrande?” My first response is to remind people of the old Lehman Brothers investment bank in the US. It collapsed in 2007 and started the financial dominoes falling which led to the… Read more »
This week’s steep sell-off in global sharemarkets is a good reminder to have a shopping list ready of Australian stocks you’d buy in a market pullback. What’s a market pullback? A market pullback is a temporary pause or dip in an asset’s overall trend. It’s when a share price that’s being going up, pauses or… Read more »
On Anzac Day eve, it’s really important to make tomorrow special as a tribute for all those Australians who made so many sacrifices for this country. I actually think it will be special. Australians are wonderful at pulling together. Just in my community area, and those of my children and grandchildren, the plans to remember… Read more »
The good news is that all our good work in trying to reduce new cases of Coronavirus is working… and impressively so. The disruption to our lives is really paying dividends. When you look at the tragic death rates in the US and UK, you realise how lucky we are to be here in Australia.… Read more »
It’s been another big week dominated by the Federal Government’s enormous $130 billion package to keep Australian in work. It’s the biggest economic package in Australia’s history and dwarfs anything announced during the Global Financial Crisis. It is an enormous statement from the Federal Government that they are determined to cushion the financial and economic… Read more »
Economic Stimulus Package 2.0 You’ve read about this, and I’ve talked about it, all week, but quick recap of last Sunday’s announcements. – Small business will receive a 50 per cent rebate of their March and June quarter BAS or IAS from a minimum total (across both quarter) of $20,000 to a maximum $100,000. –… Read more »
Who would want to be a Prime Minister/President today in this pandemic? Not me. You’re bombarded with opinions (everyone seems to have a very loud and aggressive opinion these days) and, as a leader, the challenge is to cut out the white noise and take on board expert advice you can trust. This week saw… Read more »
Another tense, confusing and, at times, scary week for financial markets as Governments and investors around the world come to grips with the devastation of the Coronavirus. It has been good to catch up with so many of you during my Facebook Live sessions this week. I usually do them at 1.30pm EDT every Tuesday… Read more »
This is a week we’ll remember for all the wrong reasons. After 11 years of a constantly rising sharemarket (a bull market), we entered the fastest bear market in history. A bear market is when the sharemarket drops more than 20 per cent from its peak. That peak for our sharemarket was February 20… yep, just… Read more »
“May you live in interesting times” is a traditional Chinese curse. When you consider the origin of the Coronavirus and the financial ructions it is causing around the world, the curse has a lot of modern day significance. In investment circles, Coronavirus is a “black swan” event… something absolutely no-one saw coming. There is no doubt… Read more »
