Financial Partners in Launceston, Tasmania | Financial consultant

Financial Partners

Locality: Launceston, Tasmania

Phone: +61 3 6343 1007

Address: 126 Hobart Road 7249 Launceston, TAS, Australia

Website: https://financialpartnersblog.com.au

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25.01.2022 Five investment markets impacted by a big week in Australia It’s been a big week in Australia, with the central bank meeting and the government handing down one of the most significant Budgets in our history. For a detailed analysis of our thoughts on the Federal Budget, you can read a note from Shane Oliver and I. Here, we take a look at the outlook for some asset classes after a busy few days. [ 451 more words ] https://financialpartnersblog.com.au//five-investment-mar/

24.01.2022 What do July’s strong building approval numbers say about Australia’s growth prospects? Building approvals in Australia surged by 12% in July, up 6.3% compared to a year ago. This was a much stronger result than consensus expectations of a fall in the order of 2%, and follows a run of better than anticipated numbers since April’s low point. As an important leading indicator of national construction activity, and with implications for the lending sector as well, this is something of an encouraging sign for economic growth over the coming quarter. [ 327 more words ] https://financialpartnersblog.com.au//what-do-julys-stron/

23.01.2022 The right times for financial advice COVID-19 has created uncertainty everywhere and impacted not just our health but our wealth too. From millennials to retirees, we’ve had to review our finances and adapt to the changing environment. We’ve seen volatile share markets, slashed dividends on bank stocks, record-low interest rates and sectors like airlines, tourism and traditional retail struggling to survive. [ 470 more words ] https://financialpartnersblog.com.au//the-right-times-for/

23.01.2022 Mixed outlook for Australian housing amid prolonged pandemic A relatively high rate of unemployment across the nation, coupled with a freeze on immigration, and consequently population growth, might ordinarily spell bad news for the housing market. Instead, Australian capital city average dwelling prices rose 0.2% in October, according to CoreLogic, the first monthly gain since April and hot on the heels of a cumulative contraction of almost 3% between April and September. [ 784 more words ] https://financialpartnersblog.com.au//mixed-outlook-for-a/

23.01.2022 Econosights: The impact of economic shocks on inflation Key points COVID-19 has caused a big change in consumer spending patterns. In developed countries, demand for goods has generally gone up but services demand has collapsed. Changes in demand along with some supply constraints have caused an increase in goods prices while prices for services have been weaker. Consumer inflation data uses consumer spending baskets from prior years to construct quarterly price changes. [ 1,351 more word ] https://financialpartnersblog.com.au//econosights-the-imp/

22.01.2022 ECONOMICS & MARKETS SEP 2020 - Global markets and macro update - persevering through the ‘new normal’ By Diana Mousina Economist - Investment Strategy & Dynamic MarketsSydney Australia Please join Diana Mousina, Senior Economist, for an update on investment markets and the macro outlook. Important information While every care has been taken in the preparation of this video, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) and AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) makes no representations or warranties as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. [ 90 more words ] https://financialpartnersblog.com.au//sep-2020-global-mar/

22.01.2022 6 ways to help reduce your debts before you retire As your working life draws to a close, your social life and recreational activities don’t have to. If you’re anxious about money still owing, here are some helpful hints. Ahh retirement! You may have been dreaming about it for decades. You see yourself hanging up the work boots, putting away the laptop, swinging in a hammock by the ocean somewhere (the Croatian coast sounds nice - please let us board a plane again soon COVID-19!). [ 1,019 more word ] https://financialpartnersblog.com.au//dont-want-to-be-ret/

21.01.2022 How to enjoy a credit-free COVID Christmas! After the year we’ve had, Australians may be more tempted to rely on debt to meet their holiday obligations. But there are other ways to get through the festive season without breaking the bank... At the best of times, Christmas can put a pretty severe strain on our hip pockets. And let’s face it, this isn’t the best of times. [ 750 more words ] https://financialpartnersblog.com.au//how-to-enjoy-a-cred/

20.01.2022 How to have a good relationship with your retirement The best piece of financial advice I give, is telling people to treat money in the same way they do their life partner or lover, says Andrew Heaven, an AMP financial adviser at WealthPartners Financial Solutions. To have a healthy and happy relationship with your finances, you need to treat money with respect and not take it for granted. [ 847 more words ] https://financialpartnersblog.com.au//how-to-have-a-good-/

20.01.2022 Market Update 04 September 2020 Investment markets and key developments over the past week US shares hit another record high mid-week only to be reversed by the end of the week because of a big fall in tech shares, which have been driving the rebound in US equities since the March lows. The US S&P is down by 1.5% over the week, with the tech sector (which has the biggest weight in the index) down 2.8%, consumer discretionary (which includes Amazon) is down 1.1%, health care and energy also lagged behind while utilities and materials bucked the trend and rose. [ 2,317 more words ] https://financialpartnersblog.com.au//market-update-04-se/

20.01.2022 3 golden rules that make saving for retirement easier If you’ve thought about how much money you need to save so you can retire comfortably, it might feel a little daunting. Maybe so much so, you’d rather not think about it at all. But, according to AMP Technical Strategy Manager John Perri, there are three simple rules anyone can follow that make saving for retirement a lot easier. [ 681 more words ] https://financialpartnersblog.com.au//3-golden-rules-that/

19.01.2022 Managing retirement in the COVID-19 environment Investment markets are experiencing significant volatility, and for those planning for or heading into retirement, there’s limited certainty at a time when you likely need it most. Hosted by Lara Bourguignon Managing Director, Superannuation, Retirement and Platforms at AMP, this webinar is delivered by Darren Beesley Head of Retirement Solutions at AMP Capital, who gives his perspective on the impact of COVID-19 on retirement plans and the challenges you may face if approaching retirement.... https://financialpartnersblog.com.au//managing-retirement/

19.01.2022 ECONOMICS & MARKETS OCT 2020 - Global markets and macro update the recovery from the coronavirus hit 29 Oct, 2020 By Dr Shane Oliver Head of Investment Strategy and Economics and Chief Economist, AMP CapitalSydney, Australia Please join Shane Oliver, Head of Investment Strategy and Chief Economist, for an update on the conditions of the macroeconomic and share markets. Original Author: Produced by AMP Capital and published on 30/10/2020 Source https://financialpartnersblog.com.au//oct-2020-global-mar/

19.01.2022 5 ways to shop a little smarter this Christmas If cash flow is looking a tad grim this year, here are some ideas to up the presents under the tree, noting it’s the presence around it that really counts. We don’t need to list the events of 2020 to say it’s been a big one, particularly as we approach the festive season, where many common face-to-face interactions will be limited to a phone or video call.... https://financialpartnersblog.com.au//5-ways-to-shop-smar/

19.01.2022 Joe Biden on track to become US president - implications for investors and Australia Key points The US election has been close and final counting as well as legal challenges could still upset the result, but the now highly likely outcome is a Biden Presidency. While there is a possibility that the Democrats could win control of the Senate via runoff elections in Georgia, the most likely outcome is that Democrats will retain control of the House with Republicans retaining the Senate. [ 2,095 more words ] https://financialpartnersblog.com.au//joe-biden-on-track-/

18.01.2022 RBA cuts rates to just 0.1% and ramps up quantitative easing but will it work? Key points The RBA has cut the cash rate to a record low 0.1% & announced a broad-based quantitative easing program. While the economic boost is likely to be small compared to that provided by the recent Budget, the further reduction in borrowing costs will support household & corporate finances and housing demand as well as keep the $A lower than would otherwise be the case. [ 1,593 more word ] https://financialpartnersblog.com.au//rba-cuts-rates-to-j/

18.01.2022 Econosights: The outlook for the global economy Key points Our forecasts anticipate a solid rebound in global GDP growth over 2H2020 across developed economies from re-openings after strict national lockdowns, better management of COVID-19 cases and continued policy support. A cyclical upswing is evident in US indicators of manufacturing, industrial production and housing. Vaccine developments provide upside and downside risks to our views. [ 1,209 more word ] https://financialpartnersblog.com.au//econosights-the-out/

16.01.2022 GDP figures are creeping to Great Depression levels, but there’s more to the story On September 2, gross domestic product (GDP) data for the June quarter confirmed that Australia is experiencing its first recession since 1991. Australia has recorded backwards growth for the second quarter in a row, with Australian GDP falling by 7% in the June quarter. While the figure is better than forecasts a few months ago about a 10% fall was the view from many in April there’s no sugar coating the significant hit the Australian economy has taken this year. [ 1,010 more word ] https://financialpartnersblog.com.au//gdp-figures-are-cre/

15.01.2022 Market outlook Q&A disconnect to real economy, growth v value, vaccines, property, gold, inflation and other issues Key points Share markets often lead economic recoveries. Share markets are likely to see a rotation in favour of cyclical stocks relative to growth stocks and this would favour non-US and Australian shares over US shares. Markets have only partially priced in a vaccine. [ 2,181 more words ] https://financialpartnersblog.com.au//market-outlook-qa-d/

13.01.2022 Tax offsets for low and middle income earners What you need to know about low and middle income tax offsets Currently, there are two tax offsets for low and middle income earners, which could see you pay less in tax, and you might be eligible for both. Paying tax is something most of us are familiar with, but probably something very few of us are excited about. [ 875 more words ] https://financialpartnersblog.com.au//tax-offsets-for-low/

13.01.2022 Market Update 30 October 2020 Investment markets and key developments over the past week Global share markets mostly fell again over the past week on the back of rising new coronavirus cases in Europe and the US, new lockdowns in Europe, signs of a tightening election in the US raising the prospect of a contested election and the absence of any progress towards a pre-election fiscal stimulus in the US. [ 2,673 more words ] https://financialpartnersblog.com.au//market-update-30-oc/

13.01.2022 Market Update 09 October 2020 Investment markets and key developments over the past week Share markets rose solidly over the past week on hopes for a stimulus deal in the US, whether before the election or after if there is a Democrat clean sweep. Australian shares benefitted from the positive global lead but also from fiscal stimulus in the Budget with the ASX seeing strong gains across all sectors but particularly in energy, financial, IT, material and consumer discretionary stocks. [ 2,840 more words ] https://financialpartnersblog.com.au//market-update-09-oc/

13.01.2022 Twenty-three charities have shared in $2 million in AMP Foundation COVID-19 Community Boost grants to help them support Australians through these challenging times. Learn more: Original Author: Produced by AMP and published on 17/09/2020 https://financialpartnersblog.com.au//amp-foundations-cov/

13.01.2022 Federal Budget 2020-21 round-up Find out how the measures announced in last night's Federal Budget could affect you. So, was it worth the wait? After the most tumultuous year in living memory, Federal Treasurer Josh Frydenberg has finally handed down his much-anticipated 2020-21 Federal Budget. Among the proposed changes, he announced income tax savings and superannuation reforms. Read on for a round-up of the proposals, and a look at how they might affect your household expenses and financial future in what’s shaping up to be a very different economic landscape. [ 1,332 more word ] https://financialpartnersblog.com.au//federal-budget-2020/

12.01.2022 6 steps to building good financial habits How financially secure do you feel? Recent research1 into Australians’ financial wellness - which is a person’s satisfaction with their current and future financial situation revealed that people with good financial habits feel more financially secure. It sounds like a no-brainer. But adopting good financial habits isn’t always as easy as it sounds. [ 889 more words ] https://financialpartnersblog.com.au//6-steps-to-building/

11.01.2022 Three key habits of the financially secure Financial wellness describes how we evaluate our finances and cope with any related stress. It can be a significant factor that affects our overall psychological wellbeing. AMP’s recent financial wellness research found three financial habits that people who are financially secure have in common: They save money regularly They pay off their credit card debt [ 606 more words ] https://financialpartnersblog.com.au//the-three-key-habit/

10.01.2022 Five reasons why this downturn and subsequent recovery are different and where are we in the Australian recovery now? Key points This economic downturn and recovery differs from those of the past in that: the downturn was driven by a government shutdown; fiscal and monetary support has been faster and bigger; forced asset sales have been headed off; it’s dependent on containing coronavirus; and it’s seeing more rapid structural change. [ 1,309 more word ] https://financialpartnersblog.com.au//five-reasons-why-th/

10.01.2022 5 tips for a better retirement It’s never too late to make savvy decisions about your retirement. Retirement is an exciting time. It’s the long-awaited reward for a lifetime of work and, if you’ve planned it correctly, it heralds a life stage synonymous with relaxation and enjoyment. However, to make sure your retirement is everything you’d hoped for, it’s crucial to make smart decisions to help you stick to your financial plan, achieve investment goals and aid you in your transition. [ 849 more words ] https://financialpartnersblog.com.au//5-tips-for-a-better/

09.01.2022 Australia’s eye popping budget deficit and public debt blow out - can it be paid off? Does it matter? Key points The Australian Federal budget next month will likely see a further blow out in the budget deficit due to the ongoing hit to tax revenue & more stimulus. We expect an eye popping 2020-21 deficit of around $230bn. Stepped up economic reforms will help grow the economy but are unlikely to drive a repeat of the rapid post WW2 decline in the budget deficit and public debt. [ 1,518 more word ] https://financialpartnersblog.com.au//australias-eye-popp/

08.01.2022 Four signs Aussie equity markets look set for a strong finish to 2020 The government has signalled that business will be a driving force behind Australia’s recovery efforts, and we think this will be good news for domestic shares as we charge towards 2021. This year has been wild for share markets globally, but the world is learning how to cope with COVID-19 and business is learning how to manage through. [ 339 more words ] https://financialpartnersblog.com.au//four-signs-aussie-e/

08.01.2022 Four take-aways from the RBA’s October meeting The RBA held its October board meeting today. Though there wasn’t as much movement as we expected, there were four key take-aways: 1. The RBA left the cash rate on hold The RBA left the cash rate on hold at 0.25% for the seventh month in a row. With the RBA recently explicitly stating that its forecast outlook for inflation and employment is not consistent with its objectives - and regularly running through a list of options for further policy easing over the last month or so - we had thought it would move today with another rate cut to 0.1%. [ 447 more words ] https://financialpartnersblog.com.au//four-take-aways-fro/

07.01.2022 Market Update 6 November 2020 Investment markets and key developments over the past week Global share markets rebounded over the last week as a resolution of the US election came into sight offering more fiscal stimulus, less trade wars and likely avoiding US tax hikes. While the rebound in shares may be surprising given that the election is not fully resolved yet, US shares typically rally after close elections as we move into the stronger seasonal months for share market performance of November, December and January. [ 2,400 more words ] https://financialpartnersblog.com.au//market-update-6-nov/

06.01.2022 Financial wellness in 2020 how does yours compare? Financial wellness is how you feel about your money. It can affect your overall wellbeing and other areas of your life, such as work and family. So, while money isn’t the be-all and end-all, how you feel about it is pretty important. Since 2014, AMP has been commissioning research1 into the financial wellbeing of Australians and has developed the Financial Wellness Index. [ 963 more words ] https://financialpartnersblog.com.au//financial-wellness-/

06.01.2022 Market Update 18 September 2020 Investment markets and key developments over the past week Share markets mostly rose slightly over the last week after two weeks of falls helped by reasonable economic data, anticipation of Fed dovishness, positive vaccine news and M&A activity. However, some of the gains were given up later in the week as tech stocks came under renewed pressure and the Fed did less than some had hoped. [ 2,355 more words ] https://financialpartnersblog.com.au//market-update-18-se/

06.01.2022 Is $1m enough to retire? A million dollars is a figure that’s often cited as the amount you need to retire. But while $1 million doesn’t go as far as it used to it only goes slightly above the median house price in Sydney1 for many people it still sounds like an impossibly large amount of money to save.... https://financialpartnersblog.com.au//1-million-enough-to/

05.01.2022 Biden versus Trump - the US presidential election is looming as the next big event for investors Key points The US election has significant potential to add to volatility in investment markets. A Trump victory will mean more of the same and would likely initially be more positive for US than global and Australian shares. By contrast a Biden victory may add to short-term volatility but this is likely to be short lived as there is no reason to expect a weaker economy and hence share market under a Biden presidency and he is likely to take a less disruptive approach to trade and foreign policy. [ 1,477 more word ] https://financialpartnersblog.com.au//biden-versus-trump-/

05.01.2022 Many Aussies in the dark about retirement Whether retirement is a long way into the distance, or just peeking over the horizon, recent research1 shows half of us aren’t sure we’ll have enough money to retire when we want, or even how much money we’ll actually need. There’s always been a lot of unknowns when it comes to retirement but throw a global pandemic into the mix, and we’re feeling more uncertainty than ever before. [ 776 more words ] https://financialpartnersblog.com.au//many-aussies-in-the/

05.01.2022 Market Update 25 September 2020 Investment markets and key developments over the past week Global share markets fell again over the last week on concerns about rising coronavirus cases, tightening social distancing restrictions in Europe and the lack of progress towards additional fiscal stimulus in the US. Despite a rally late in the week, US shares fell 0.6%, eurozone shares lost 4.2%, Japanese shares fell 0.7% and Chinese shares fell 3.5%. [ 2,575 more words ] https://financialpartnersblog.com.au//market-update-25-se/

05.01.2022 Create an 8-week Christmas savings plan The sooner you start saving for Christmas, the better. But you can do it in just eight weeks even if you have a tight budget in the lead-up to this year’s festive season. Here’s how to develop a plan to save money and reach your holiday goals. Fairy lights twinkling, seafood on the barbie, gifts being wrapped and Michael Bublé crooning in the background Christmas can be a magical time of year. [ 1,104 more word ] https://financialpartnersblog.com.au//create-an-8-week-ch/

05.01.2022 Market Update 11 September 2020 Investment markets and key developments over the past week The equity market correction that started last week, driven by falls in tech stocks, has continued, and has now broadened out to other sectors. US shares are down by 2.6% and the tech-heavy NASDAQ is down by a larger 4% over the week. But, all sectors in the S&P500 fell over the week and energy was down heavily as the oil price fell to $37/tonne, from $42 earlier this month. [ 2,512 more words ] https://financialpartnersblog.com.au//market-update-11-se/

05.01.2022 Econosights: Global labour markets are worse than they appear Key points Global labour markets have proved resilient during the COVID-19 shock. One of the reasons for this is the utilisation of wage subsidy schemes. These schemes mask stood down or underutilised workers, keeping the unemployment rate artificially lower than it would be otherwise. The labour force participation rate has also plummeted in developed countries which has helped to keep the unemployment rate down.... https://financialpartnersblog.com.au//econosights-global-/

05.01.2022 Oliver’s Insights: Federal Budget 2020-21 overview The 2020-21 Australian Budget - spend, spend, spend as the focus remains on recovery and jobs, jobs, jobs Key points The Government now expects the Federal budget deficit to peak at a record $213.7bn this financial year. That’s around 11% of GDP, its highest since the end of WW2. The risk is the deficit will be worse at around $230bn. [ 1,632 more word ] https://financialpartnersblog.com.au//olivers-insights-fe/

04.01.2022 The 2020-21 Australian Budget spend, spend, spend as the focus remains on recovery and jobs, jobs, jobs Key points The Government now expects the Federal budget deficit to peak at a record $213.7bn this financial year. That’s around 11% of GDP, its highest since the end of WW2. The risk is the deficit will be worse at around $230bn. [ 1,658 more word ] https://financialpartnersblog.com.au//the-2020-21-austral/

03.01.2022 Five areas set to benefit from this year’s Federal Budget This year’s Budget saw a big bag of measures announced to get growth accelerating in the Australian economy. Some people and sectors will feel its impacts more than others. Most groups in the Australian community look likely to benefit from this year’s Federal Budget in some way, assuming the measures are enacted (remember, the Budget is not legislation). [ 446 more words ] https://financialpartnersblog.com.au//five-areas-set-to-b/

02.01.2022 More action out of the RBA this month to support the economy At its September board meeting, the RBA left interest rates on hold, which was no big surprise. The surprise was in the RBA’s announcement of an extension and increase of the cheap funding it provides to the banks. You might recall back in March, the RBA announced a term funding facility, under which it would provide cheap loans to the banks, locked in for a period of three years at .25%. [ 368 more words ] https://financialpartnersblog.com.au//more-action-out-of-/

01.01.2022 How to identify (and beat) your spending triggers Are you buying more to perk yourself up? You aren’t alone. Since the start of COVID, there’s been an increase in online shopping1. But, if you want to get a handle on your add-to-cart habit, understanding why you spend money, can help bring your purchasing patterns in line with your financial goals. [ 975 more words ] https://financialpartnersblog.com.au//how-to-identify-and/

01.01.2022 What to do next if you’re facing redundancy Uncertainty around COVID-19 might be increasing your stress levels about losing your job, but here are five ways to soften the financial blow. In April, Australia hit its highest unemployment rate in five years1, and with the Federal Treasurer expecting an unemployment rate of around 10% by the end of the year2, many Aussies may be feeling a little uneasy about their future job prospects. [ 1,175 more word ] https://financialpartnersblog.com.au//what-to-do-next-if-/

01.01.2022 ECONOMICS & MARKETS OCT 20 - The impact of the 2020 federal budget on markets and the economy This year’s federal budget is one for the ages, as the Australian government plots the path to post-COVID recovery. Our senior economist, Diana Mousina, and co-portfolio manager, Dermot Ryan, talk through its key features and impacts for markets and the economy. Diana and Dermot will also be available to take your questions. [ 158 more words ] https://financialpartnersblog.com.au//oct-20-the-impact-o/

01.01.2022 How financial advice can help Even if a person has a small asset base and no funds to invest, the help and guidance of a financial adviser can be valuable. Accumulating wealth is a long-term process. It usually occurs parallel to a person's professional, private and family life. A good approach can be to have a few key strategies in place so that wealth can grow through life's journey. [ 447 more words ] https://financialpartnersblog.com.au//how-financial-advic/