Fraudulent investment scams reported to Scamwatch have cost Australians over $70 million in the first half of this year, reports the ACCC. Here’s what you can do to avoid falling victim. That’s a massive 53.4 per cent increase in reports about investment scams received by Scamwatch this time last year. Projected losses are set to… Read more »
There’s really no strict definition of financial maturity to benchmark ourselves against, but there are certain things we should be able to check off. How many times are we told to “act like an adult”, “grow up” or “get a bit of maturity”… whatever that means. Whether it’s behaviour, humour, manners or lifestyle, there’s a level of… Read more »
Rolling lockdowns, slow wage growth and falling employment means interest rates are going to stay low for the foreseeable future. Very slow wages growth will keep interest rates low This week’s Wage Price Index, which measures our pay packets, grew a modest 0.4 per cent in the June quarter. This was below economists’ expectations for… Read more »
Research group SuperRatings have completed a fascinating, and important, lesson into the cost of panicking in a crash. I know sharemarket crashes are stressful, but history tells us that those that keep their nerve come out winners. SuperRatings has proved the point. They looked at the impact of switching out of a balanced or growth… Read more »
Adding a commercial property to your portfolio is without a doubt the best way to diversify, lockdown solid capital growth and improve your cash flow in 2021. However, many people are not experienced in commercial investing, or don’t yet appreciate the sheer benefits of adding it to their portfolio. In best selling author and property… Read more »
There are hundreds of personal finance apps out there, including plenty focused on saving and budgeting. We take a look at some the most popular budget apps available in Australia to help you decide what’s best for you. Nobody likes having to stick to a budget. Nobody. Except maybe rich people (because, no surprise, being… Read more »
Millennials may be seen as the generation who still watch Friends re-runs, spend too much money on avo toast and, wait for it, are apparently ‘lazy’. Some of these stereotypes are there for a reason (how many people watched the Friends reunion?), but the lazy part is far from the truth. When it comes to… Read more »
Everyone loves a bargain, so surely finding one in a property hotspot is even better? Not so, says investment expert Chris Gray. A cheap property in a booming area can seem like a great buy. It provides an affordable starting point into the property market and a way to gain immediate equity. However, these bargains… Read more »
The concept of market timing seems simple, but so many people get caught up in the hype and end up getting it wrong. What is market timing? Market timing involves choosing the very best time to invest money. Like Marty McFly in Back to the Future, it would be great to know in advance when… Read more »
Australian micro-investing accounts grew by 123% during the last year – the fastest rate of growth on record. Here’s everything you need to know to join the buzz and get started micro-investing. What started out as a niche category under five years ago is really catching on. Micro-investing means you invest very small amounts of… Read more »
