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Market Update – Presented by Shane Oliver AMP Chief Economist

We regularly meet with best of breed fund managers to review, analyse and authenticate their offering with the view to building quality portfolios for our clients. On a quarterly basis we select one of our fund managers to provide a quarterly update for our clients. Following the end of the quarter we asked Allan Evans from Magellan to provide an economic update on the past quarter. McQueen Financial Group is a corporate authorised representative of Total Financial Solutions Limited. AFSL No. 224 954, ABN 94 003 771 579 This information is of a general nature only and does not take

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How to Budget during the Silly Season

The Christmas holiday period is one of the hardest times of the year to stay within your budget, with presents to buy and parties to attend and host your spending can easily spiral out of control. This is why they call it  the “silly season” because people do silly things at this time of year which they may wind up regretting. Last year alone Australians spent over $45 billion on retail in the period leading up to Christmas and this year the total is likely to be even more. So where does all of this money get spent? The holiday

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The New Payments Platform Is Here

  New Payments Platform The New Payments Platform (NPP) is a world-class payments innovation that will enable Australians to make real-time payments to each other 24/7, 365 days a year. Customers can use their mobile phone number or email address to receive and initiate payments, rather than BSBs or account numbers. These payments can be between two or more people.   How does it work? Customers will be required to register a PayID A PayID is an address for receiving payments, created by linking an account (e.g. Orange Everyday) to a recognisable alias such as a mobile number or email

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Travel Destinations To Get The Most Bang For Buck

  Aussies love travelling overseas – it’s a simple fact. According to ABS stats, more of us head abroad for our holidays than ever before. So how do you make sure you get to have the holiday you want at a price you can afford? It’s not necessarily about resorting to hitchhiking and staying in backpacker hostels. Rather, it’s about being smart with your choice of destination. There are a number of countries around the world where luxury hotels, shopping and local activities are still affordable for Australians.   Vietnam According to those aforementioned statistics, visitors are flocking to Vietnam. This

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5 Top Tips To Managing Your Cashflow And Budgeting

Cash flow is king.. it’s a cliché that is synonymous with business accountants alike. But for some reason has been lost within our consumer driven lifestyle of today. Understanding your personal finances is the foundation of reaching any sort of success with your financial goals. It is what enables you to travel, buy investments and even go out with friends. The difference between getting it right early can leap frog you in front of your peers quicker than you think. The stigma attached with cash flow management and budgeting is, that it is boring. There is nothing sexy about budgeting and

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Helping Your Kids Learn About Money

Do you ever take your child to the supermarket and let them hand the money to the cashier? Or maybe they’ve got their first piggy bank to stash away a few cents here and there? Whether you know it or not, your children are already developing a relationship with money that will last a lifetime.  Researchers at the University of Cambridge have discovered that children develop most basic finance concepts by age 7. In 2013, Drs Whitebread and Bingham released a report for the UK’s Money Advice Service which explained that the ‘cognitive and metacognitive processes’ that drive financial thinking

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