Understanding how your life experiences affect your relationship with money is the first step to taking control. Your money mindset is usually formed early in life; people either subconsciously repeat their parents’ attitudes, or do the exact opposite. Learning to recognise and work on changing your money mindset will help you achieve better financial results.
Diversification is your best defence against a single investment failing or one asset class performing poorly (for example, the share market falling or one fund manager failing).
If you diversify your investments, when some fall in value, others may rise and balance out the fall. Diversification lowers your risk because, no matter what the economy does, some investments are likely to benefit.
With the U.S. Presidential election now less than a week away, many investors are currently considering how the potential result could impact their portfolios. While, as our Chief Economist David Bassanese noted in his U.S. Presidential election preview, markets ultimately learn to live with whomever the U.S. president is, the note below looks at the three most plausible outcomes and some implementation ideas based on their investment implications.
Rachel’s recent performance appraisal didn’t go as planned. A professional woman with many years’ industry experience, her KPI’s confirm that she adds significant value to her workplace, and her expertise is highly regarded by management and peers alike. But, to her dismay, her pay rise request was denied and she left the appraisal feeling disappointed and unappreciated.
The 18th-24th of October saw the debut of Ethical Clothing Week in Australia. This focus on ethically sourced and locally made textiles, clothing and footwear is particularly relevant as we emerge from Covid-19 lockdown. Supporting independent businesses will go a long way to help our local communities economically rebuild.
If you’re in the property business or thinking about investing in property there are things you should know, such as.
you need a clearance certificate from the supplier when buying property over $750,000
you may have to pay the GST on the sale of brand new residential property separately to us
income from property activities could increase your total business turnover.
