December, 2015

House for rent or house for sale: Which property option is best for Australians?

The answer depends largely on the type of lifestyle you value It’s a question that many Australians wrestle with: is it better to rent or to buy? We let the economists weigh in. Increased speculation that house prices may have peaked will be music to the ears of buyers anxiously waiting to get into a hot property market. But what if they still can’t afford the house they want in the area in which they want to live? What if they lose their job and can no longer pay the mortgage? Would they be better off renting? Two Reserve Bank […]

Read More

The Appeal of Managed Portfolios

Age does make a difference when it comes to investing. Baby Boomers, Generation X and Generation Y have diverse investment needs, depending on what stage of life they are in. Managed portfolios are an attractive investment for all generations. Oscar Wilde is quoted to have said : “With age comes wisdom, but sometimes age comes alone.” When it comes to investing, the needs of investors have traditionally been determined according to their age, with generations typically grouped as Baby Boomers, Generation X and Generation Y. There is such a diverse cross section covered by these generations. Some people will have […]

Read More

Do you know how to read superannuation statement

People should take a good look at the super statement at least once a year, to make sure it’s matching up with what the fund has said it will do. 1) At age 65 Possibly the first thing you might see on your statement, even before you get to the balance, is what your balance might look like at age 65. Don’t confuse this with your current balance! Remember, a lot of assumptions have gone into that number. For a start, it will be assuming a certain rate of investment returns –say, 3 per cent per annum after inflation, and that […]

Read More

Avoid A New Year Spending Hangover

    Excessive credit card usage is typically highest in December – only for us to then be hit with a very scary statement in January. Not a great financial start to the new year! Here are some simple tips to avoid a new year spending hangover. If you take action now to limit your spending, you may also protect your credit score in the process. Start out on the right track this year with a simple festive season budget for individual gifts, food and drinks for entertaining. And maybe a summer holiday? Don’t forget to factor in the cost […]

Read More