Earlier this year the Australian Bureau of Statistics released the stats on Australia’s weekly earnings. Full-time adult average weekly ordinary time earnings amounted to $1,748.40. Times that by 52 and you get $90,918.80.
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As we enter into June, the Financial Year will soon draw to a close.
Markets have been volatile, and so the question beckons as to the best approach to manage investments at this time.
There was one major theme from Q1, being the Russian invasion of Ukraine. While the human implications are the foremost concern, the outbreak of war offered a sharp reminder of how interconnected the world is today, and how quickly the implications of a military conflict feed back into financial markets.
This years Federal Budget is meant to secure the recovery, and set Australians up for the future.
It creates jobs. guarantees essential services and builds a more resilient Australia.
Ask a farmer about average rainfall figures and he is likely to look at you sceptically. Knowing how actual rainfall varies from year to year, farmers will carefully manage their crops and irrigation. It is a lesson many investors could learn as well.
Staying disciplined when markets are volatile is easier once you accept that references to “average” annual returns, like rainfall, can mask a wide range of possible outcomes.