For many of us, 2021 was expected to be our year out of Covid. Businesses were reopening, travel around most of the country was back on the cards, restaurants were at full capacity and theatres, too. But then the dreaded Delta emerged. Small businesses were once again challenged. Some had managed to limp through to 2021 but were now forced into permanent closure as government assistance dried up. And those people who were working in tourism, hospitality and entertainment again bore the brunt of restrictions.
Despite this, our property markets went nuts. Regional properties evened up some of the pricing with their urban counterparts and there seemed to be no end to the market’s increasing heat. The ASX recovered beyond its pre-2020 state and until Evergrande and events in the US gave us the wobbles again in late September we were having a good run.
Last year we concentrated on building up savings again and carefully easing ourselves out of a tough year. This year our experts have thought a little more broadly about the aftermath of Covid. Paul Clitheroe focuses on the money we have saved and how to use it so it passes the sleep-at-night test. Shane Oliver recognises risk will be with us for some time but suggests embracing it with a diverse portfolio. Glen Hare looks at how millennials spend money but says even with a change in priorities to older generations they can still achieve the great Australian dream of property ownership. Jess Amir provides the well-considered list of investments she would put her $10K towards, and Danielle Ecuyer gives tips on where she’d put money on international shares. Meanwhile, Marshall Brentnall discusses why boring can be best when it comes to reaching your goals - and also gives a good example of the benefits of investing in super.
Denne historien er fra November 2021-utgaven av Money Magazine Australia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra November 2021-utgaven av Money Magazine Australia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
An outrageous, beautiful monopoly
Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.
Drop the anchor to judge value
Buying and selling decisions should be based on where a stock price is going, not where it has been.
Powering the AI boom
Beyond the software and chipmakers, where will the energy come from?
Get into life
Tucked inside super are products that can protect you from life's inevitable uncertainties.
Paths to home ownership
Taking the road less travelled can sometimes deliver unexpected benefits.
Sold! Quick ways to add value
Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.
Money lessons the kids need to know
Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.
Property-investing rules: are they likely to change?
The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.
What's love got to do with it?
A rollercoaster of emotions could be driving poor crypto behaviour.
Are we ready to be cash-free?
Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.
