29-11-2022
In a surprising and unprecedented statement at a Senate Estimates Committee meeting yesterday, RBA governor Lowe apologised for forecasting in 2021 that they did not expect the cash rate to go up until 2024. Instead, the RBA has raised rates seven months in a row this year to tame the rising cost of living. He also emphasised that the recent federal budget has not impacted the RBA’s monetary policy.
With summer fast approaching, we can look forward to holidays over the new year, an Aussie Christmas in the sun, and some keenly anticipated trips to the beach with friends and family. Fitness becomes the focus for many as we approach the warmer months of the year.
NSW First home buyers can now choose to pay up-front stamp duty or a smaller annual land tax of $400 plus 0.3 %of the property’s land value.
01-11-2022
It was a bullish end to the week with the ASX200 finishing +1.6%, Dow Jones +5.72%, S&P500 +3.95% and the Nasdaq Composite +2.2%.
Now that you’ve got a couple of phrases under your belt from lesson one, let’s move on to some new jargon to unlock your inner finance bro!
18-10-2022
It was a rollercoaster week for global equities, led by a raft of key US economic data releases in the lead up to the US Federal Reserve’s November meeting.
Finance jargon can be tough to keep up with, here’s the basic lingo to sound like you know what you’re talking about:
‘Risk’ can be a tricky concept to a new investor. The word can have different meanings in different contexts and avoiding one type of risk can leave you open to another; investing in anything is an inherently risky thing.
