Whether you’re schmoozing a salesperson on the showroom floor, or haggling a private seller for an old runabout, buying a car is an exciting time. But it can also be a financial minefield, and if you’re not careful it’s easy to end up hundreds – or even thousands – of dollars out of pocket. No… Read more »
What is the 4 per cent rule, how does it work and is it reliable? The 4 per cent rule is a rule of thumb that helps investors easily calculate how much they need to save in order to ‘live off the earnings for the rest of their life’. Without this guideline, it would be… Read more »
Tougher lending restrictions are being introduced for mortgages from December. Here’s what that means for new borrowers. With most banks and home loan providers already operating under the new Credit Contracts and Consumer Finance Act (CCCFA), the process around applying for home loans is changing. The level of evidence required for a home loan is… Read more »
Many people become a property investor to open a new investment stream, but it can be a full time job. Owning property requires work and time and there can be a lot of responsibilities, rules and costs. So why should you invest in property if it presents such headaches? Well, the answer is simple. The… Read more »
Astute investors watch for warning signs that indicate when share prices are heading for a drop. No matter which company you’re investing in, there’s always an element of risk. Anyone who tells you otherwise has found a crystal ball or is telling porkies. If a company suddenly downgrades their profit forecast or a big contract… Read more »
If you’re anything like me, buying groceries is one of your biggest budget blowout areas. If we save on groceries, we’ll free up plenty of cash. I belong to quite a few budgeting Facebook groups (‘course I do) and I’m always amazed when someone pipes up that they spend something like $112 to feed a… Read more »
You’re cashed up and ready to invest, but you have no idea how to actually buy your shares! It’s time to find a good broker so they can do it for you. Rather than knocking on the doors of a company with a wad of cash or a chequebook wanting to invest, you need a… Read more »
What does ‘enough money’ mean? In truth, there’s no magic number, but there are ways to tell if you have enough for you. Most Australians dream of being rich. To be so ‘well off’ that they don’t have to worry about money. They idolise celebrities who seemingly have it all. They try to keep up… Read more »
You’re filing in your home loan application (congrats, BTW), but the request for genuine and non-genuine savings has you stumped. Since when were savings not real savings? When filling out your home loan application, one of the most crucial aspects that your provider will request will be proof of the amount of money you have… Read more »
Are FAANG stocks still worth the hype? Facebook (NASDAQ: FB), Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), Netflix (NASDAQ: NFLX) and Google (NASDAQ: GOOG) are not only five of the most prominent tech companies in the world, but they also dominate as the largest tech stocks in the US market. Referred to collectively by their acronym… Read more »
