Reading Time: 2 Minutes True to form, on Melbourne Cup day, the Reserve Bank of Australia cut the official interest rate by 0.15% to a historic low of 0.1%. Well, well, well – so they cut it again eh? Although to be fair, with Australia plunging into a Coronacession, and the likelihood of elevated unemployment numbers, the RBA is committed to doing whatever it can to support jobs and the economy. And one of their biggest weapons – is cutting the official cash rate. This is supposed to boost business borrowing and consumer spending to try and stimulate the economy to create jobs. OK fair enough, but what does a…
-
-
October Net Wealth Update
Reading Time: 2 Minutes Uh oh, looks like we are on a roller-coaster again. Plenty of action going on with the 2nd and 3rd waves overseas and US election dominating the headlines as we head into November. NOVEMBER! Wow, can you guys believe it – where does the time fly eh! Been crazy busy this month, mainly cos work is letting everyone back into the office again. Sigh, back on the hamster wheel we go it seems. Steady as she goes with investing, same as with September, we jumped in and out of a few trades – nothing to write home about. Oh and fingers-bloody-crossed but we are close on…
-
Why Markets Rise
Reading Time: 3 Minutes “Why are markets rising?” Hm, interesting question MrsFrugalSamurai posed to me last night, as she clicked on another James Charles video. James Charles, for the uninitiated, is an American internet sensation/make-up artist/Youtuber. Why women are following men for make-up advice, is beyond the scope of this discussion. “I mean, why are markets rising when the economy is struggling?” Pay attention to that video woman, and get rid of these here wrinkles, I thought but did not say as I love my wife. As I stepped away from the mirror, I began to think. Why are markets rising? Everyone knows that COVID-19 has pretty much put the…
-
September Net Wealth Update
Reading Time: 2 Minutes Hm, looks like things are getting back to normal here in Oz. Thank goodness for that I say, though spare a thought for those Aussies stuck overseas. Because the 2nd wave is washing over the UK, Eurozone and part of the US (or is that the first wave?) Hello uncertainty, my old friend. Oh and speaking of uncertainty… US elections anyone? What a crazy rollercoaster that promises to be. It doesn’t really affect you and I of course, but I’ve always found the US Presidential race the most entertaining reality TV on the planet… so I’ll be well tuned in. On the personal front, nothing major to…
-
A Shout Out To Aussies Stranded Overseas
Reading Time: 2 Minutes Attention! Today’s post is about bringing awareness to an issue you might not have thought about – and that is the plight of thousands of Aussies stuck overseas, and wanting to come home. A big thank you to The Aussie Minimalist Doc for highlighting this issue. Although COVID-19 numbers are starting to settle down here in Australia, overseas the numbers tell a different story. The 2nd wave is well and truly upon the UK and Eurozone, and are escalating dramatically in India, the Middle East and the US amongst others. As you can imagine, there are thousands of Australian citizens in those areas who want to,…
