Australia’s financial markets have had a positive week, with the ASX 200 closing 2.5% higher. The release of wage inflation data for Q2 showed a year-over-year increase of 4.1%, slightly surpassing expectations. On the employment front, Australia experienced a strong job growth of 58,200 in July, much higher than anticipated, though the unemployment rate rose to 4.2% due to an increased participation rate. Read Post
This week in Australia, the markets experienced a turbulent ride, with the ASX 200 facing its worst day in four years, closing down 3.3% last Monday. The RBA’s decision to leave rates unchanged at 4.35% provided some relief, although the central bank’s concerns about high inflation kept the tone cautious. Read Post
We’re excited to share that the one, three, and five-year performances of our portfolios are all positive for the second year in a row. Our community has always shown great interest in their investment performance, and we’re thrilled to report that our portfolios continue to deliver strong results. However, please remember that past performance is not an indicator of future results. Read Post
In recent weeks, financial markets have been a rollercoaster of volatility, with U.S. markets experiencing significant fluctuations and a recent sell-off. While on the surface these are big movements, its important to understand these in the context of exceptionally strong market performance earlier in the year that saw the Nasdaq gain over 30% in value on the back of strong forecasts from technology, and specifically AI-related securities. Following the recent correction, the Nasdaq still stands at around 20% returns for the past year, well above its long-term average. Read Post
Corrections in the market are common, and historically, downturns have ended in upturns. During periods of volatility it can help to take the long view; this episode will pass, even if it’s impossible to know exactly when. However, when it is your own money there is no doubt that jolts are painful.
We are excited to introduce the latest evolution of personalised investing on the Raiz platform – Plus portfolios for Raiz Invest Super members! Building on the success of our Plus portfolios released in August last year, we are thrilled to extend this groundbreaking feature to Raiz Invest Super members, empowering them to create bespoke portfolios tailored to their individual financial aspirations. Read Post
Australia’s financial landscape experienced slight fluctuations this week as the ASX 200 closed 0.6% lower. As we look forward to next week’s release of the June quarter CPI data, there’s anticipation in the market, with expectations of inflation increasing from 3.6% to 3.7%. This data, alongside last week’s stronger-than-expected job growth, has sparked speculation about a potential rate hike by the Reserve Bank of Australia (RBA) in August. Read Post
We are excited to introduce new investment opportunities in our Raiz Invest Plus portfolios! Our latest additions include 11 new ETFs and 25 new stocks.
In our commitment to aligning our investment offerings with the preferences and insights of the Raiz community, some of these new additions have been directly influenced by your votes.
Australia’s markets experienced slight gains this week, with the ASX 200 finishing up 0.2%. Despite a rise in the unemployment rate to 4.1%, job growth has surpassed expectations for the third month in a row. This consistent job strength has raised speculation that the RBA may consider a rate hike at their August meeting. Read Post
Tax time is here again, and even for the financially savvy amongst us, tax time can still be daunting and a bit of a chore. However, with a little help it doesn’t have to be so stressful. Read Post
