01-08-2022
George Lucas, Raiz Group CEO
Looking at equities there has been some positive news, with the S&P 500 index rising 9.1% in July, its biggest monthly gain since November 2020. The tech-heavy Nasdaq Composite index has fared even better, with its monthly gain of 12.3% the most since April 2020. Read Post
There has been a raft of changes made across super, with many coming into place on 1st July, 2022. Want some help getting across them? Here’s what you need to know. Read Post
PLEASE NOTE: This blog contains outdated information regarding “Custom” portfolios. These portfolios were replaced by Plus portfolios on 01/08/2023, for more information please read the Plus blog post or the PDS.
If you want to invest and gain exposure to invest in some of the global iconic leading companies, ETFs (Exchange Traded Funds) are a great investment product that can help you do just that as well as getting diversification. Read Post
You are now able to view and download your annual tax statement for the 2021/22 Financial Year on the Raiz app or desktop website. If you do not have a tax statement available, it means you don’t need one.
It’s commonly said that it takes money to make money. Those who live payslip to payslip and have little to invest or save for a rainy day would likely agree. But if you take the time to re-evaluate your finances, you’ll start to realise that setting aside even the smallest of dollar amounts can really add up over a lifetime, and budgeting is a key way to achieve this.
18-07-2022
George Lucas, Raiz Group CEO
I thought we would begin with some good news. In the US, there were developments on the inflation front, which some consider as positive, with a July inflation expectation report — it looks at where people see prices rising in the future — falling to 2.8% over a five-year horizon, down from 3.1% in June and a one-year low.
With the cost of living in Australia going up, we can all use a helping hand to stay ahead with our finances.
On July 5, 2022, The RBA raised the Australian cash rate by 0.50 percent for the second month running, taking the cash rate to 1.35 percent. For the first time since 2010, the RBA went back-to-back-to-back, raising the cash rate three times in just over two months between May and July 2022 from its record low level of 0.10 percent. Read Post
04-07-2022
George Lucas, Raiz Group CEO
I have not written about China for a long time, so this week I thought it was about time, especially given the recent rally in the nation’s stock market. We have seen Chinese stocks back in vogue after months of virus lockdowns and regulatory crackdowns slashed trillions off benchmark gauges.
The Australian Government has released 40,000 new places under the Federal Government Home Guarantee Scheme (HGS). Read Post
