Why people choose the wrong credit card

Why people choose the wrong credit card Now we have a bit more proof that these warnings from consumer advocates were spot on. As banks face pressure to live up to claims they “put customers first”, the Reserve Bank released research finding almost two out of three Australian cardholders receive no “net monetary benefit” from having a credit card. When you think about it, that’s a surprisingly high proportion of customers who are no better …

Weekly Market Update 7 June 2019

Weekly Market Update 7 June 2019   Investment markets and key developments over the past week Share markets, except for China’s, rose over the last week on increasing prospects for Fed rate cuts in response to the negative impact of trade wars.The Australian share market also saw a modest boost from the RBA cutting rates. The prospect of more rate cuts and easier monetary policy left bond yields flat to down. Commodity prices were mixed with …

What kind of money parent are you?

What kind of money parent are you? Many parents approach the topic of money differently, but could your way of doing things influence your kids’ success? The majority of Aussie mums and dads recognise that they’re accountable when it comes to shaping their children’s perspective around money matters. A recent report published by the Financial Planning Association of Australia (FPA), revealed parents listed themselves (95%), followed by grandparents (63%) and teachers or coaches (59%) as …

Weekly Market Update 31 May 2019

Weekly Market Update 31 May 2019 Investment markets and key developments over the past week Global share markets fell again over the last week on the back of worries about global growth in the face of the escalating US/China trade war, made worse by Trump’s decision to put a 5% tariff on imports from Mexico rising to 25% by October unless it stops illegal immigration. Australian shares were dragged lower too as post-election euphoria wore off …