Being young and in love is pretty much the closest we’ll ever come to feeling bulletproof. There’s an undeniable confidence that rises to the surface when you’ve got age on your side and a heart bursting with emotion. Colours seem brighter, food tastes better and risk is relegated to the back of your mind as you carry on with reckless abandon. Live in the moment, right? Wrong. Eventually the pitfalls will catch up with you and suddenly you’re partnered up but penniless. Rather than forget about your finances completely, a little bit of future proofing can be the perfect foundation for your happily ever after. Read on to find out the most common mistakes young people make – and you can avoid them.
Debt is an essential driver for growth in many businesses, and maintaining a sustainable level of debt as you grow can be a healthy way to finance your expanding business. However, having an unsustainable level of debt is all too common especially among small businesses. Every business should have a debt strategy that outlines how much debt is sustainable and how to manage or reduce debt.
Identify causes of debt
Check out this investing video series on www.kroijer.com by Lars Kroijer, who used to run a hedge fund in London. Basically it says you can’t beat the market, and explain why that is important.
For investors from Australia the message is – “don’t invest in Australia. You already have plenty of domestic exposure”. As an example, if you buy Australian stocks for your investment portfolio, you are adding concentration risk as you are already exposed to the economy via your job, house, insurance, etc. Instead you should try to decrease the correlation and concentration risk in a portfolio by investing globally. That way you lower the risk of losing money on your domestic investments at the same time and for the same reason (decline in local economy) that you lose your job, job prospects, your house is worth less, potentially your education worth less, etc.
Climate change, overpopulation, pollution, and deforestation – these are just a few of the many challenges we’re currently facing as a planet. While our consumption choices can help make a difference, ethical investing offers a win-win option for the planet as well as your finances. With responsible investing consistently outperforming multi sector and mainstream managed funds, growing numbers of people are already looking to ethical options to support sustainability and build their wealth.
The Bank of Japan has caught the attention for all stock markets. Their decision on monetary policy will have a lot of influence on global markets and economy as a whole. The Bank of Japan recently moved assets by the millions, causing changes in sovereign debt and trading funds. Seeing as this did not realise their goal of annihilating deflation, this bank went ahead to target the yield curve.
While working to maintain 10-year bond yields at zero, the bank also hopes to keep flattening rates at a minimum. This is a big decision that will most likely affect the bank’s profits, but what exactly does this mean for financial markets, and more specifically, for CFD traders? In case the plan drafted by the bank fails, is there a way that these traders can rise above the losses and find their ground again?
Compensation for this post was provided by FindBroker. Opinions expressed here are my own.
Is there any real difference between a mortgage broker and a lender? While both parties can help you secure a loan, knowing the difference between the two will assist in deciding which would be better in your circumstance.
If you’re looking to purchase a property, for whatever reason, it’s almost sure that you’ll also be looking to secure a mortgage.
For most, this part is the most stressful, as you are required to give evidence of your credibility as a borrower. Additionally, you need to research all the available loan products to find one that’s suitable for your financial circumstances and has the features that you’ll require.
Choosing the right credit card seems more complicated than ever thanks to a competitive financial marketplace and diverse product developments. Fortunately, Australian banks provide credit card options tailored to suit individual requirements. Banks generally differentiate their premium credit card options according to colours such as platinum, gold or black, while lesser cards are not as imposing or opulent in appearance. Most banks in Australia and around the world advertise their black card as the premium product.
All investors want to achieve success and make a quick and sizeable profit on the stock market, but this is easier said than done. If trading stocks was an easy and guaranteed way to earn cash then everybody would be making a fortune off the markets and all swanning off into early retirement happy – but the reality is that it takes knowledge and skill to become a successful trader.
One way to improve your chances of success in the market in Australia, is to adopt a balanced approach to your stocks, and to develop the sort of versatile and robust portfolio which can weather any storm that the domestic and global markets can throw its way. Read on for our five top tips for success:
With the end of financial year upon us, so much attention surrounds how to get the most out of your tax, but there is real merit in planning all year round and saving important dollars too. It’s not just about saving at tax time!
Rate Detective CEO, Damon Rasheed (former economist for the ACCC) has some great tips on how to start the new financial year smarter, healthier and with peace of mind. Remove the stress of 30 June by using Damon’s advice to ensure your finances are in shape.
Anyone who has ever borrowed money knows it can be hard to pay back at times. However, borrowing is a bridge most of us need in order to quickly get ahead in life. Personal loans are the fastest means of acquiring funds for a range of purposes, but the first criterion is your ability to make the loan repayments on time.
If your earnings or income are high and you have a clean credit history, a personal loan will usually be approved. People on lower incomes need to tailor their approach to repayments that are make-able. You will need to provide evidence of current and ongoing expenses, revealing enough disposable income to furnish the loan and thrive . There are other stipulations, including Australian residency requirements, that will affect the application.