Global share markets mostly rallied over the last week. The big surprise perhaps was the US where shares rose 0.4% for the week to a new record high and bond yields fell despite another surge in inflation, because investors (rightly in my view) interpreted the make-up of higher than expected inflation for May as consistent with the Fed’s assessment that the spike in inflation would be transitory.

The shift from high inflation to low inflation has been a key tailwind for investment returns over the last 40 years – in particular it has allowed capital growth in excess of growth in earnings and rents.

Australians lost over $851 million to scams in 2020, a record amount, as scammers took advantage of the pandemic to con unsuspecting people, according to the ACCC’s latest Targeting Scams report released today.

Medical occupations head the list of top earners in Australia, while the richest suburb is Double Bay in Sydney, closely followed by Melbourne’s Toorak.

Global share markets were mixed over the last week with US shares up 0.6% helped by a solid but less than expected rise in employment, Eurozone shares up 0.6% as reopening continues, but Japanese and Chinese shares down -0.7%.

As we approach the start of a new financial year, it’s a good time to reflect on your record-keeping over the past year. For example:

Do you want to get more from your tax return this financial year, but you’re not sure where to start? It could be as simple as knowing which tax deductions and offsets you’re eligible for.