Category Archives: Blog
Interest Rate Cuts: What You Need To Know
Interest rates have fallen to a new low today as the Reserve Bank sought to remedy surprisingly weak inflation data. Reserve Bank has slashed the official interest rate to a new historic low today of 1.75 per cent, with at least one major bank to pass on the cut in full. “While the quarterly data…
Why The Big Banks Are Facing Customer Revolt
The four big banks of Australia are facing a growing revolt from customers, regulators and the government. Is it deserved? The government says that the regulators – ASIC and APRA – have sufficient authority to regulate the conduct of the banks. But the Opposition says that those organisations are hamstrung by funding cuts. Amidst some…
Property Investment: The Truth
Have you ever had someone say to you that you’ll never lose on property or that a property investment is safe as houses? Kate and Matt Moloney are a twenty-something couple originally from country Victoria. They built an $8.5 million property empire, generating $570,000 a year in rental income, in just three years. In 2012, Kate and Matt…
Financial Advice You Wish You’d Known in Your 20’s
What financial advice do you wish you’d known in your 20’s? We don’t yet have crystal balls or time-travelling machines, so we can only take the financial advice of those who have already been there before us. We also include some tips for making sure that you don’t make common money mistakes. Financial advice I…
What You Need To Know About the Election & Investing
The Australian federal election has been called for 2 July. What does this mean for investors and markets? Uncertainty associated with the potential for a change of government following the upcoming election has the possibility to impact financial markets, notably shares. There are three ways elections may impact investment markets. Firstly, there may be an…
Self Managed Super Funds Not Safe From Scammers
Self-managed super funds are on their own when it comes to accepting advice from scammers or fraudsters who promise returns that are too good to be true. A new ruling makes it plain that when a self-managed super fund suffers fraud or theft, the members are on their own. While industry and retail super fund…
14 Amazing Facts About The Stock Market
Talking about shares and investing can get boring sometimes. So we have compiled a list of the most amazing facts about the stock market and it’s history. One. During Gil Amelio’s tenure as Apple CEO, Apple’s stock slumped and hit a 12-year low in 1997 that was at least partially caused by a single sale of…
Super Fund Shake Up
What does it mean for you? Are super funds in for the biggest reorganization of the industry in more than two decades? Are super funds about to be shaken up by proposed new laws? Click To Tweet Plans to enshrine in legislation that the purpose of the superannuation system is to generate “retirement income”, as distinct from accumulating savings, is…
Investors Lose Millions In Shopping Cashback Scam
It is thought that Australian investors have lost up to $5 million after a cashback shopping scheme collapsed, leaving hundreds out of pocket. Go Aspire Ltd, formerly Aspire Worldwide, has gone into insolvency months after investors’ so-called “franchise agreements” — some of which had been purchased for hundreds of thousands of dollars — were…
Heart Attacks – Do you really know what your insurance covers you for?
Heart Attack, or myocardial infarction, is one of the “Big 4” conditions for trauma policies. That is, one of the conditions that result in the highest number of claims. Claims for heart attack are far more prevalent for men than women. GenRe research revealed that at an industry level, 17% of male trauma claims were…