In the interests of the health and safety of your team and ours, all our communication with you can be done digitally. As circumstances change on a daily basis, we will continue to communicate any updates as they happen.
It is understandable that during times like this, people may be feeling afraid, worried, anxious and overwhelmed by the constantly changing alerts and media coverage regarding the spread of the virus. While it is important to stay informed, we outline some mental health and wellbeing tips and strategies to continue looking after ourselves and each other during these difficult times.
Various income support for individuals measures have been introduced so as to provide a ‘safety net’ for individuals who are financially impacted by the Coronavirus.
Coronavirus fears drove losses across equity markets and sparked a flight to defensive assets over February. Global equity markets reached fresh highs in mid February, then sold off sharply alongside other risky assets shortly thereafter. The sell-off in markets stem from investor concerns regarding the spread of COVID-19, with an acceleration in reported cases outside mainland China, specifically in Italy, Iran and South Korea and the ramifications on global economic growth.
Australia’s Coronavirus Economic Stimulus package has been launched as a measure to protect the economy by maintaining confidence, supporting investment and keeping people in their jobs.
Market fluctuations often occur and short-term uncertainty is common. Over the long term, investment portfolios that are sensibly put together seek to deliver on long-term objectives.
Share markets fell last week with the Australian market experiencing one of its worst weeks since August 2011 (when people thought the EU would break up). Negative returns in any given period can happen in the share market with this week standing out for its severity. However, we also see historically shares have lost value in approximately 22 weeks out every 52 weeks since 1980. It is not a rare thing to see in the share market.
The Australian Small Business Champion Awards is a prestigious program that supports and recognises Australian small businesses. Carrick Aland Group has been selected as a Small Business Champion Finalist from over 3,000 entries received this year!
