Now is a good opportunity for accumulators to keep accumulating. That’s what Private Client Adviser Chris Morcom told The Sydney Morning Herald. And it’s what he’ll tell you over FaceTime, phone, or email. Advising you on how to navigate the turmoil of the current market in your favour. Read the full article here
As the community and government response to COVID-19 escalates, there has been a wide range of assistance programs released over the past week and updated over the weekend.
Yesterday the Federal Government announced an additional assistance package to assist employers in retaining staff during the next six months of “business hibernation”. The focus of this assistance package is to provide businesses with a government subsidy so they can continue paying their employees and be able to recover quickly once the crisis is over.
The COVID-19 pandemic is frightening and has had a catastrophic effect globally for all of us. The impact on the population at large has been severe in many aspects of our daily life including economic impacts to many of us.
Last weekend, we saw the Australian government announce a further $66 billion stimulus package with the plan to boost the economy and help businesses stay alive. Despite that, the closure of non-essential services saw the market continue its volatility this week.