University of Canberra students win the AMP University Challenge

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University of Canberra students Sarah Pearson and Jordan Finch have won the finals of the 2020 AMP University Challenge and the $5,000 first prize. The pair, who are both majoring in financial planning, came out on top in a closely fought competition on Friday. It is the first time students from University of Canberra have

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Weekly market update – week ending 30 October, 2020

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Investment markets and key developments over the past week Global share markets mostly fell again over the past week on the back of rising new coronavirus cases in Europe and the US, new lockdowns in Europe, signs of a tightening election in the US raising the prospect of a contested election and the absence of

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Five reasons why this downturn and subsequent recovery are different – and where are we in the Australian recovery now?

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Key points This economic downturn and recovery differs from those of the past in that: the downturn was driven by a government shutdown; fiscal and monetary support has been faster and bigger; forced asset sales have been headed off; it’s dependent on containing coronavirus; and it’s seeing more rapid structural change. As a result, we

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Weekly market update – week ending 23 October, 2020

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Investment markets and key developments over the past week Global share markets were mixed over the last week being buffeted again by waxing and waning stimulus prospects in the US and ever rising numbers of new coronavirus cases. US and Eurozone shares fell but Japanese and Chinese shares rose slightly. Reflecting the messy global lead

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Weekly market update – week ending 16 October, 2020

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Investment markets and key developments over the past week Global share markets were mixed over the last week being buffeted by the rising number of new coronavirus cases and waxing and waning stimulus talk in the US. US and Chinese shares rose but Eurozone and Japanese shares fell. Australian shares were given a strong boost

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Nine keys to successful investing – and why they are more important than ever in the face of the coronavirus shock

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Key points Even in good times successful investing can be stressful. For this reason, it’s useful for investors to keep a key set of things – call them rules – in mind. The key rules I think are: make the most of compound interest; don’t get thrown off by the cycle; invest for the long

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Weekly market update – week ending 9 October, 2020

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Investment markets and key developments over the past week Share markets rose solidly over the past week on hopes for a stimulus deal in the US, whether before the election or after if there is a Democrat clean sweep. Australian shares benefitted from the positive global lead but also from fiscal stimulus in the Budget

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The 2020-21 Australian Budget – spend, spend, spend as the focus remains on recovery and jobs, jobs, jobs

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Key points The Government now expects the Federal budget deficit to peak at a record $213.7bn this financial year. That’s around 11% of GDP, its highest since the end of WW2. The risk is the deficit will be worse at around $230bn. Key measures include earlier tax cuts, massive tax breaks for investment & a

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Weekly market update – week ending 2 October, 2020

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Investment markets and key developments over the past week Global share markets mostly rose over the last week helped by dip buying in the US, some hope (which is now fading) for a new US stimulus deal and mostly good economic data. Australian shares fell though, after bucking the trend of falling markets in the

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Two in three Aussies’ finances impacted by COVID-19

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While globally the COVID-19 pandemic has caused a huge economic shake up, it has also had far reaching impacts for Aussies in relation to their own personal finances. With this in mind, AMP has commissioned new research to unveil both the long and short-term impacts of the current crisis on everyday Australians – from day-to-day

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