ASX drops on iron ore slump | Tax time warning | Fed legend Alan Greenspan dies at 100

Negative gearing and capital gains tax changes to go ahead – what it could mean for the market; why you should wait to lodge your tax return as rules change; and Alan Greenspan, the jazz-playing US Federal Reserve chair, has died.

00:00 Some experts say the latest tax reform measures could turn investors to the sharemarket
01:05 Markets around the region fell pretty hard today, particularly those leveraged to the tech sector, while the Australian dollar is now below 70 US cents
02:10 While it’s nearly tax time, and might be tempting to rush to lodge and get a return sooner, doing so may actually delay processing
03:20 Widely regarded as one of the greatest US Federal Reserve chairmen, Alan Greenspan has died aged at the age of 100

Ricardo Gonçalves breaks down the day’s financial news in On The Money.

#NegativeGearing #CapitalGainsTax #AlanGreenspan #TaxTime #ASX #PropertyInvesting

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