Officially we are in a bull market again as there has been a 20% gain from the March lows. You could be forgiven for thinking the worst of COVID-19 is over, at least in regards to the sharemarket. However I don’t think this is a prudent position to take.
Just my random thoughts and views on a range of, usually, financial related topics, but which don’t necessarily have anything to do with financial planning.
I conduct a ‘risk profile’ with every client and this helps guide the overall asset allocation for their portfolio. One of my questions is on inflation, and it is always met with indifference. This is because inflation hasn’t really been a problem in Australia for decades. Inflation may soon become a problem though.
If you have been following the news, you may have a building feeling of unease in your stomach. Just how bad is coronavirus and how much damage will it inflict on my wealth?
I congratulate the CBA for coming out and announcing the cancellation of the $2 ATM fee by non-CBA users. It was a rip-off; no question. Withdraw $100 and the banks clip 2% from you. Fortunately, most other banks followed CBA’s lead within the day. But there is a downside, and the main one is that…
The 2016 Federal Election is now over but we may not know who won for at least a few days. Regardless of your political persuasion, and whatever the final result, it can only be considered a bad one for Australia.