It has been widely reported that Prime Minister Scott Morrison recently announced a series of measures to create economic stimulus for business owners and those on income support payments. We have been inundated with questions on this matter since we know the current environment is unprecedented – there is no playbook for our current set of circumstances and the situation is changing daily (sometimes more often than that). At Sage Business Group it’s widely known that our Core Purpose is “to create lasting financial security WITH a balanced lifestyle through education”.
In order to live into that Core Purpose we will be providing information and updates regularly as the situation develops in a manner that is balanced and, in our view, sees beyond hysteria and over-reactions that unfortunately we are already seeing in far too many ways. To start this communication process you can access our Sage Dedicated Covid-19 Financial Resource Hub here.
Our plan is to keep you informed and updated on these key measures in coming weeks and provide greater detail on these matters. To keep up to date we’d encourage clients, family and friends to engage with our business on a multi channel basis which includes following us on Facebook and LinkedIn, subscribing to our YouTube Channel and our Blog plus subscribing to our email by completing the form as provided.
In addition to details on the stimulus package we will also be providing guidance, views and offers on the wider economic environment that we currently sit in. We know that many clients have been taking the sit & see approach over the last 12 months and holding excess cash and bank funds in anticipation of a market correction. Whilst we’re sure no clients were waiting for a Coronavirus event, the fact is that it has happened, interest rates have fallen again and the ASX200 has fallen by over 20% in value in the last month. In any event such as this there are opportunities available for some and if that is you we strongly encourage you to contact our office so we can discuss your specific circumstances in a timely manner.
Please continue to contact our office for support and we can work together through this period where we develop the playbook on a daily basis
