Structured settlements enable claimants to receive their insurance payout as a stream of regular payments, rather than a one time lump sum. This helps them plan for their future financial needs and ensure that they don't run out of money too fast. Once set up, structured settlements can not be altered, but they can be sold on a secondary market.Read More
Westpac has cut their 2015 forecast for the Australian Dollar. They now expect that the Aussie Dollar will end 2015 at USD 0.66 rather than USD 0.70. A slowing China and falling terms of trade are blamed for the loss of confidence in the local currencyRead More
The Australian Dollar has fallen below US 70 cents, and all signs suggest it will keep falling! As China slows and resource prices drop, the Australian economy is dangerously close to going into recession.Read More
Today the Peoples Bank of China cut interest rates by 0.25% to 4.60%. It is the fifth time the bank has cut rates in the last year, as it tries to stimulate the slowing Chinese economy. The move follows a sharp drop on the Chinese stock market, which saw the Australian Dollar drop to a new 6 year low. China is Australia's biggest trading partner, and the Australian Economy will feel the impact of China slowing. This is why the Australian Dollar is falling and we expect it will continue to fall.Read More
Borrowing or 'gearing' to invest creates financial leverage, which enables us to gain access to a wide range of investment options which would not be available if we used only our own funds.
We have a look at both negative and positive gearing to explain the differences, as well as point out some of the financial risks associated with leveraged investmentsRead More
The Australian Dollar dropped to a 6 year low on July 20th. We expect that this is only the beginning of what will be a prolonged down turn for the Australian Dollar. It's not just the currency that is in for a rough ride. The Australian Economy could be heading for a recession!Read More
The RBA official cash rate is at a historic low of 2.00%. This has created tough times for Australians who rely on savings. Finding an attractive rate on savings has never been more difficult.
The Finance Guy looks at savings options outside of traditional cash accounts, and finds some options which can potentially give your savings a boost. If you are trying to build a deposit, or if you are looking for a better return on your lump sum, then we hope you will find this information useful
While preparing our taxes, a lot of Australians will be asking 'Can I claim a tax deduction for my car expenses?' If you use your personal vehicle as part of your work day, then you might be entitled to claim a deduction.
We look at the different options for claiming your car as an expense, and hopefully we will help you find the one that is right for you.
We decided to deposit $200 with a CFD platform to experiment with trading the Aussie Dollar. After 3 days, the account balance was $581, a gain of 191%
Luck was a massive contributor, but the results really show the potential available through these investment derivatives. This is not investment advice, we are not professional traders. We are trying to highlight the trading platform, and why we were able to generate such returns using itRead More