Noel News – By Noel Whittaker We gain the strength of the temptation we resist. RALPH WALDO EMERSON Welcome to our seventh newsletter of the year. It’s hard to believe that June 30th is already a memory, and we are now in July speeding towards December. I guess the big surprise since I last wrote to you is the situation in Victoria – all the indications are that it will get worse before it gets better. It is particularly scary when you consider that Victoria is responsible for 40% of Australia’s economic output. This will be a further blow to our budget. You may recall that many of the stimulus measures were supposed to finish in September but now look like being extended. I’m particularly concerned about homeowners who have taken the six months loan holiday with the result that interest is being capitalised on their mortgage. Unless they have the ...
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“Noel News” from Noel Whittaker Successful investing takes time, discipline and patience. No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant. WARREN BUFFETT Welcome to our fifth newsletter for 2020, and our fourth newsletter since Covid 19 became big news. It’s interesting to reflect on how much has happened in the last three months, and to think about the way headlines have changed from warnings of thousands of people dying in Australia, to how quickly we can make it back to normality. As long-term readers know, I am a glass-half-full person, but I have great trouble getting optimistic about the rest of the year. And I’m especially worried about September – this is when Jobkeeper will cease, the rate of payments for Jobseeker will reduce, and everybody who is on some kind of ...
