> Getting your personal finances right can be a challenge. Here are 13 tips that may be of use: shop around when it comes to financial services; don’t take on too much debt; allow that interest rates can go up as well as down; allow for rainy days; credit cards are great but they deserve respect; use your mortgage (if you can) for all longer term debt; start saving and investing early; allow that asset prices go up and down; try and see financial events in their longer-term context; know your risk tolerance; make the most of the Mum and Dad bank; be wary of the crowd; and there is no free lunch...
October was a bad month for shares with global shares losing 6.8% in local currency terms and Australian shares losing 6.1%. It’s possible that following top to bottom falls of 9% for global shares, 11% for Australian shares, 21% in emerging markets and even 31% in Chinese shares we have now seen the low in the share market rout...
We check out the three largest contributors to household spending in Australia and where people would source cash if living expenses increased. Find out more with AMP.
Some commentators claim shares are way overvalued and so a crash is inevitable...
Dr Shane Oliver explains what investors should keep in mind.
Sharp market falls with headlines screaming that billions of dollars have been wiped off the share market (funny that you never see the same headlines on the way up!) are stressful for investors as no one likes to see the value of their investments decline. However, several things are worth bearing in mind...
The first strategy is to always pay more than the minimum.
A surge in financial information and opinion combined with our inclination to focus on negative news risks making us worse investors: more fearful, more jittery, more reactive, less reflective & more short term. This is potentially harmful to our long-term financial health.
The period August to October is a time for anniversaries of financial market crises – the 1929 share crash, the 1974 bear market low, the 1987 share crash, the Emerging market/LTCM crisis in 1998, and of course the worst of the Global Financial Crisis in 2008...
Which of these money mistakes sound all too familiar when it comes to you and your squad? Find out more with AMP.
For years now, many have told us that Australia is heading for an imminent recession. By contrast official forecasts have long been looking for several years of above trend growth. In the event neither has happened and we don’t see them happening anytime soon. Against this backdrop there are five things you should know about the Australian economy...
The past five years have seen pretty good returns for well-diversified investors. While cash and bond returns have been modest, growth assets have been strong. Average balance growth superannuation funds have returned 8.5% pa over the five years to June and that’s after fees and taxes. This is particularly impressive given that inflation has been around 2%.
For the last two calendar years the Australian dollar has defied our expectations for weakness. But after hitting $US0.81 in January it’s been trending down as US interest rates fell below the Australian cash rate, the threat of a US-driven trade war increased and it recently broke below a short-term range around $US0.74 and fell as low as $US0.72 on fears of contagion to global growth from a crisis in Turkey.
More than one in five Australian’s in their mid 20s still live at home. Find out why and learn more with AMP.
Since Donald Trump was elected President back on November 8, 2016 we have focussed on whether we will see Trump the rabble-rousing populist or Trump the business-friendly pragmatist. Despite lots of noise – particularly via Trump’s frequent tweets – for the most part Trump the pragmatist has dominated so far. But we have clearly seen a swing to Trump the populist this year – raising risks for investors.
This list of common money personalities could shed light on how you and those around you measure up. Find out more with AMP.
Find out what lender's mortgage insurance is and how it could affect your home loan and what you pay back. AMP explains in simple terms.
FAQ regarding AMP and the Royal Commission
AMP Tomorrow Maker Sam Marwood and friends are matching retiring farmers with those wanting to work the land but lack the financial means.
Eligible first home buyers can now withdraw certain voluntary super contributions to put toward a home deposit. Find out more with AMP.
Aussies aged 65 and over can now top up their super with the proceeds from the sale of their main residence. Learn more about downsizing for retirement with AMP.
Choosing the right super investment options at the right time could make a difference to how much money you have when you retire. Find out more with AMP.
Find out how AMP News&insights readers will be keeping their kids entertained in the school holidays without forking out a bundle of cash. Follow AMP's budget tips for the school holidays.
If you file for divorce, or separate from your de facto, who gets to keep the superannuation money? Discover more about superannuation and divorce today with AMP.
Retirement planning? Ensure you make the most of your money. Discover how to make every dollar count with these five simple tips. Learn more today with AMP.
See what you need to know about claiming work-related expenses and don’t forget to lodge your tax return by 31 October, unless you’re using a tax agent.
Here’s a roundup of some of the key 2018-19 Federal Budget announcements, and analysis of how the budget proposals might affect you. Learn more with AMP.
How much super should I have at my age? If you’re wondering whether your super is on track, compare it to others your age. Learn more today with AMP.
With comprehensive credit reporting due to kick off from 1 July 2018, paying your bills on time will become even more important.
This financial year is the first time employees can claim a tax deduction for their personal super contributions. Find out more with AMP.
Everyone is different, so it’s important to ask yourself the right questions as the cover you require will depend on multiple factors.
We generally need to make earnings from 40 to 50 years in the workforce extend across what could be 80 to 90 years of living.
Raising kids can be an expensive business, so make sure you’re informed. What is the cost of raising a child in Australia? Discover more today with AMP.
Get your finances sorted for the new financial year AMP gives you tips for getting ready.
Changes aimed at improving housing affordability have passed through parliament. Find out more with AMP.
Want to know how to live a longer, healthier life and make your money last? AMP explores what we can learn from the Blue Zones and the secrets of a long life.
If you’re wondering whether super is improving retirement outcomes for Australians, AMP takes a look at some of the findings.
If you can’t decide between a fixed or variable rate home loan, a split home loan could provide the best of both worlds. Discover the benefits with AMP.
The recent share pullback has seen much coverage and generated much concern. Dr Shane Oliver offers seven considerations for investors.
Investment bonds (also known as insurance or growth bonds) can be a tax-effective way to invest and save for the future. Find out more with AMP.
Achieving financial independence doesn’t have to be complex. Five commonsense steps could help you enjoy the life you want to lead.
Investing your super in an ethical way is a growing trend in Australia. Learn more about responsible and ethical super investment with AMP.
Get up to speed with the government subsidies you may be able to access before the kids go back to school. Browse by state and territory allowances.
Most Australians indicate their biggest life goal is a financial one, but many admit failing to plan is a roadblock.
A survey has revealed that around 90% of Aussies make impulse purchases. Find out how you can make your money go further with AMP.
Looking for a cheap holiday destination that won’t break the bank? Discover some of the best options both at home and abroad. Learn more today with AMP.
Find out where and what retirees are investing and spending their superannuation money on, and how you can use your super money today.
AMP Chief Economist Shane Oliver shares 5 reasons why the Australian property market is more complicated than the crash calls suggest.
Estate planning is about more than just making a will. Learn how to make sure you and your money are well looked after later in life.
Are you feeling the pinch? There are a couple of key principles you can follow to help improve your financial situation.
Discover the many ways that you can boost your superannuation and reap the rewards in retirement. Learn more with AMP today.
Find out ways to help you boost your cash flow and avoid debt in retirement.
Increased life expectancy means more Aussies will need to retire later in life. Find out about the implications of this and the considerations you may need to make.
The best ways to sustain your physical, mental and financial wellbeing are sometimes the simplest. Discover five key tips to happy and healthy ageing.
Find out what lies ahead for the spring property market for first home buyers and upgraders from AMP Capital economist, Diana Mousina.
There are several questions people have about insurance. See what they are and what you can do! – AMP
See why more Aussies are choosing to live with their parents for longer.
An annuity provides you with a guaranteed income in retirement, regardless of how markets perform. Check out the pros and cons.
You’ve made an offer on your first property, but you’re not home and hosed yet. Find out what you can expect in the final weeks before settlement.
If you’re looking to turn your gap year into something employers will value, check out these five things worth taking note of.
Don't know whether to rent or buy a home? Check out the latest economic outlook to help you understand the benefits and downsides of both options.
If you’re wondering whether your super is on track, compare it to others your age.
Depending on your situation, there may be pros and cons to clearing your student debt before you have to. Here’s what you need to know!
Understand the difference between retirement age and preservation age? See how they affect your ability to retire, and the options available to you.
If you or someone you know has recently been made redundant, check out our 5-point action plan for what to do next.
The Australian retail environment remains in a tough position due to factors weighing on consumer demand along with discounting pressures from competitors.
Six things to think about when organising your family finances.
The price of childcare may be a deterrent to working, but loss of income, super and other benefits may cost more.
Taking out a mortgage together means commitment and compromise. Find out what you and your partner should consider early on.
Many Australians, in particular low-income earners, are set to benefit from the latest superannuation changes. See how new rules could impact you.
Is growth still in the forecast for the new financial year? Shane Oliver reveals his predictions
Economic abuse is recognised as a form of domestic violence in many, but not all, Australian states.
Stuck in a photographic rut? Here are seven simple tips to get your creative juices flowing. Story by Andrew Fildes.
Knowing what's happening in the economic markets can help, together with your financial planner, make confident decisions about your financial well-being. Dr Shane Oliver delivers an up to date and easy to understand view of the global markets through our regular publication "Oliver's Insights"
Dr Shane Oliver is Head of Investment Strategy & Chief Economist at AMP Capital Investors and one of Australia's most respected economists.
For the latest editions of Oliver's insights, click here
Since 2001, AMP and the National Centre for Social and Economic Modeling (NATSEM) in Canberra have produced a series of reports that open windows on Australian society, the way we live and work - and our financial and personal aspirations.
The reports focus on the distribution of income and wealth as key factors that differentiate generations and segments of society. AMP sponsors this research to help our customers make informed financial and lifestyle choices.
Reports include: "Modern Family - The changing shape of Australian families - October 2013", "The Cost of Kids: the cost of raising children in Australia - May 2013" and "Prices these days! The cost of living in Australia - May 2012". View the reports here.