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Stocks, Sectors & the Economy
Read more: Stocks, Sectors & the EconomyAs the virus drags on, economies start to look bleak. Investors who rode the markets down to the depths of March and back out again, start to think… ‘None of this makes sense, surely the market is going down again.’ News lately hasn’t been positive. Wave two condemns Victorians to house arrest, and a seemingly never-ending wave continues to plague the US. So how do some stockmarkets keep moving up? Or at the minimum, keep levitating above where you think common sense dictates they should be? Government and Central Bank stimulus explains some of it. More importantly, the phrase ‘the…
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COVID-19 (NSW): stamp duty reduced for first home buyers.
Read more: COVID-19 (NSW): stamp duty reduced for first home buyers.The NSW Government announced on 26 July 2020 that they will reduce stamp duties on newly built homes and vacant land for eligible first home buyers from 1 August 2020. The threshold above which stamp duty will be charged on new homes for eligible first home buyers will increase from $650,000 to $800,000, and concession on higher values will be reduced before phasing out at $1 million. The stamp duty threshold on vacant land will rise from $350,000 to $400,000 and will phase out at $500,000. The changes are part of the NSW Government’s COVID-19 recovery plan and will apply to…
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Superannuation & Immediate Gratification
Read more: Superannuation & Immediate GratificationOne of the most well-known psychological studies ever done is the Stanford Marshmallow Experiment from the 1970’s. You’ve likely heard of it, know a variation of it, or have watched an interpretation of it somewhere in the media. Testing out the will power of small children or dogs can be entertaining. Dogs being tempted with food are a staple on social media. In the Stanford experiment, the idea was to test the ability to delay gratification. In the first iteration, children were offered an immediate treat (cookies or pretzels) or the choice to wait 15 minutes and be rewarded with…
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Lawyers & Superannuation Insurance Claims
Read more: Lawyers & Superannuation Insurance ClaimsFees. Charges. Costs. How much should someone charge for a service? Whatever the terminology used, the psychology around charging for a service is fascinating. Some service providers can charge without question. High costs from engaging certain service providers have become customary. A small service can take a large financial bite. A fact of life and accepted. What can you do? We’re talking about some lawyers. Before any lawyers feel the need to defend themselves. We’re not quibbling about your fees. It’s like when the mechanic gets a car going in 2 minutes. The owner doesn’t get a discount because they’re…
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2020 June Quarter Review
Read more: 2020 June Quarter ReviewEconomic Overview As in the previous quarter, the major theme of the June quarter was COVID-19. In contrast to the punishment investors took in the March quarter, the June quarter provided some relief. Investors saw market rallies that partially countered some of the steep falls of the previous quarter. The easing of COVID-19 lockdowns, patchy potential signs of economic recovery, along with unprecedented government stimulus and central bank intervention saw risk appetites return rapidly. In the US, early data confirmed the severe economic impact of lockdown measures. However, weekly claims for unemployment insurance slowed significantly with retail sales rebounding strongly…
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