THE ADVISER’S NOTEBOOK

SEPTEMBER 2020

Spring is here.

Surely you have made plans to enjoy the new season under the new normal. As the temperature continues to rise, you probably are slowly getting busy engaging yourself in activities you weren't able to do during winter. With the new normal in mind, just make sure to heed health precautions as you go about ticking off your spring goals.

Speaking of goals, Australia's quest to flatten the curve may well be underway. However, the country is now faced with a new challenge: recession. An economic downturn has been predicted during the onset of the coronavirus. The recession was not only predicted in Australia. Just like its antecedent, the recession has been predicted to occur on a global scale. And it's now happening.

But what is a recession? How does it affect governments? More importantly, how does it affect the citizens? The first article in this month's selection offers new concepts in understanding recession while the second talks about the possible ways that an economy can recover.

In the previous issues of The Adviser's Notebook, I mentioned that the coronavirus has affected almost every industry we know. Some took a hard hit at the onset, such as the tourism, hospitality, and healthcare industries. Others, such as the property industry, are just feeling the effect now. The third article takes a look at how the property industry is faring during a pandemic, while the fourth looks at another investment type: retirement.

On another note, the internet has been playing its function to educate, entertain, and make work possible at a time when everyone is told to stay at home. Whereas people use it to keep themselves abreast of economic developments, others use it to earn as much money, and others use it to entertain themselves.

Speaking of entertainment, the possibility of traveling to other places is not at all impossible in Australia. The final article in this month's issue explores the ways that you can enjoy your travel plans all over Australia not only in spring but year-round.

Enjoy reading!

Gavin Glozier, AdvFP
CEO & Principal Financial Adviser
P 1300 763 498 • M 0408 155 140
Level 33, 264 George St NSW, Australia
Life the life you want to live.

AUSTRALIA IN RECESSION: WHAT DOES IT MEAN?

Australia is officially in recession. But the majority of us do not understand what recession is and why it is relevant to our lives in general. So what is a recession? How does it impact the economy? More importantly, what does it mean to all of us?

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WHEN WILL THE ECONOMY BOUNCE BACK?

With recession also happening in other countries, economists are in the rush to project the trajectory of recovery. With the pandemic still seeing no end, assumptive models are being utilised to project the economic future. The question is: how will nations recover?

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COVID-19 EFFECT ON PROPERTY PRICES TO BE SEEN

At the onset of the pandemic, pundits were quick to remark that the future of the property market is bleak. With the second quarter recording a drop in house prices at the national level, economists are now more specific about where the property industry is headed.

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RETIREMENT DURING COVID-19

COVID-19 may be a risk to any investment. But there's one thing you need to know: the market is bound to rebound. So while the temptation to switch your investment around for more gains is high, you'd want to reconsider. Read this article to find out why.

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INTERNET DATA 2020

COVID-19 has forced most people to stay and work from home. This means that the internet is now a central player in our lives. This infographic shows you how much internet data is created every minute, by who, and how much data is being consumed.

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AUSTRALIAN HOLIDAY: WAYS AND DESTINATIONS

Here are some great ideas to enjoy a quick getaway through spring and the upcoming school holidays. Don’t forget: always budget for what you want to spend and save week-on-week to hit your goal to avoid the credit card hangover.

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