27 Mar 2020
Federal Government Stimulus Package
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
Royal Assent was granted on Tuesday, 24 March 2020 which means that the Federal Government stimulus package has come into force as law.
Supporting and helping individuals and business in great crisis is most definitely the role of Government however it is also important to understand that the Government does not produce anything and so must borrow this money.
For the Government to give money it must take from taxpayers on which the future debt burden falls.
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During this asset price crash it is most important for investors to never ever panic and instead look for buying opportunities.
Keep your head and if you are an Active client wanting to discuss how you can take advantage, please call me on 02 9267 2322.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.