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Founder of Learn to Trade, Greg Secker’s investment journey began with him working in IT on a trading floor supporting the largest currency trader in London. With no real knowledge of finance and a $5000 gift from his mother, Greg entered the trading game and joins the Nestegg podcast to discuss his journey to success.

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Having previously joined the show to share how he is making a full-time income in only a few hours a week, Greg Morgan also joins host David Stratford to share how Learn to Trade set him on the path toward financial success, and why mindset and positivity is key to success as a trader.

The pair will explain why the current climate is the perfect time to be trading, explain the 5-2-1 rule and why it is so important, and reveal what the best investors are doing to cement their success.

You can keep up to date with what Learn to Trade are up to HERE

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

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Sunday, 08 December 2019

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Budget ‘back in the black and back on track’ for 2019-20

By Grace Ormsby · September 20 2019

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Budget ‘back in the black and back on track’ for 2019-20

By Grace Ormsby
September 20 2019

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Budget ‘back in the black and back on track’ for 2019-20

By Grace Ormsby · September 20 2019

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The federal government is touting a $690 million deficit and its 0.0 per cent representation of gross domestic product (GDP) as a return to balance for the Australian budget.

In a joint statement from the Commonwealth Treasurer and the Minister for Finance, it was emphasised that the budget had been pulled back to a balance for the first time in 11 years, since 2007-08.

According to the Hon Josh Frydenberg MP, the underlying cash balance in the final budget outcome for the 2018-19 financial year is $13.8 billion better than estimated at the time of the 2018-19 budget.

“A growing economy with more jobs and stronger terms of trade than anticipated at the time of the 2018-19 budget has driven total receipts $11.5 billion higher, with payments $6.6 billion lower than expected at the time of the 2018-19 budget,” the statement read.

The Treasurer highlighted how employment growth “far exceeded expectations” from when the budget was first delivered.

Mr Frydenberg reported that “with about 300,000 additional jobs created in 2018-19, employment grew by 2.6 per cent, well above the 1.5 per cent growth forecast in the 2018-19 budget”.

More than eight out of 10 jobs created in the last year were in full-time employment, with the proportion of those of working age in welfare now at its lowest level in 30 years, according to reports.

It meant individual tax receipts were up by $5.7 billion compared to the 2018-19 budget forecast, with the ministers noting “more jobs drive increases in revenue as well as lower payments”.

“Our strong fiscal management has put the budget on a sustainable trajectory, ensuring that we can guarantee the essential services that Australians rely on,” the statement continued.

It was indicated that the government had kept spending as a share of GDP in 2018-19 at 24.6 per cent of GDP, below the long-run average of 24.7 per cent for the second consecutive year, while also providing record levels of investment in essential services like hospitals, schools and aged care.

According to the Treasurer, “these outcomes demonstrate that the government’s economic plan is working and confirm that the budget will be back in the black and back on track for the 2019-20 year”.

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About the author

Grace Ormsby

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.