At its meeting on 1st May, the Board of the RBA decided to reduce the cash rate to 3.75%. This is due to economic conditions being weaker than expected, whilst inflation has moderated in recent months. This is good news for home loan borrowers, who should see a similar reduction in their interest rates. If [...]
“Safety in the Market” is a financial education service offered by the The Hubb Organisation Pty Ltd that provides training courses and trading software to people who want to learn how to invest in the market. It advertised itself as a safe way to invest in the stock market and other financial instruments. As part [...]
If you are close to retirement wage, you may start to worry about how the worldwide financial instability will affect your super. Let’s check that. If you are close to retirement and you have been following your super balance for the last few years, you are probably panicking. What can you do to ensure your [...]
The Australian Taxation Office offers you incentives to save for your retirement. This is a sweet way of saving for your golden years and reducing your current tax liability. However, all good things come to an end and that includes tax breaks on your superannuation fund. Although most of us are unlikely to get even [...]
The whole point of superannuation is to create a saving fund you cannot touch until you retire. Beware of schemes or “consultants” who promise to help you access your super early. Unless you are destitute and in need of a life-saving operation or already dead (we don’t recommend either shortcuts) you will most probably not [...]
With interest rates as low as they are you would expect businesses to be queuing up for cheap business loans. However, Australian businesses are not in the mood for credit as the lending figures for February clearly show. February saw another drop in lending, the fourth in a row. Currently Australia’s credit growth is at [...]
