In these very uncertain times conversations about money have been even more important. We are often at ease talking to our partners or parents about our finances, but what about our kids? Knowing how to talk to your kids about money in a way they will understand is important, especially when they pick up on so much you say.
Lightbulb Wealth Management director Heinrich Jacobs said people could consider specific sectors that were benefiting from Covid such as global gloves maker Ansell, up 95% since March.
The world’s rapid shift online had benefited online retailers, and Mr Jacobs favours cyber-security stock and funds too.
“We think that has a long growth runway ahead of it,” he said.
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Lightbulb MD’s views on Australia’s ‘she’ll be right’ investment culture featured in July’s Money Magazine
As the ASX records a new three month high, the Aussie dollar reaches US 70c, and society slowly creeps towards normality, many Australians may be hoping that the ‘she’ll be right’ investment strategy they’ve relied on for so many years, may still be the right one.
And who would blame them? Until last week, we hadn’t seen a recession in 29 years and the success of sectors like mining have meant that as long as your money is in a savings account or invested in property, you’ll be seeing a return, even it is a modest one.
But as the housing market dips with Corelogic predicting a 10 per cent drop, and the government rolls out stimulus after stimulus, one thing is certain – Australia’s economic recovery is going to be a rocky one.