In a David vs Goliath style battle, retail investors have united through the wallstreetbets sub reddit and are taking on major hedge funds. Their goal is to create a short squeeze, and so far it appears to be working. The only question now is can their diamond hands withstand the test of time and outlast the hedge funds.
Read MoreWe visited the recently opened Costco Perth, to find out what all the fuss was about. Turns out that you can save a lot of money shopping at Costco, but you need to learn to buy in bulk.
Read MoreA light hearted look at how the Covid-19 epedemic has spurred a frenzy of buying at the supermarkets. An entertaining look at some of the products people are choosing to stockpile.
Read MoreForex trading is the act of pairing currencies against each other, and making money based on the fluctuating rates. If you've travelled abroad and exchanged a few of your bills with a bank or Forex stall, then you've participated in a currency trade.
Read MoreOur review of Primerica found that most representatives are not earning much commission. In this Review of the Primerica Business Opportunity. We look at how Primerica is promoted, the services they provide to customers. We also look at what Primerica will teach you about money.
Read MoreZurich Prime is an online provider of Contracts for Difference, which are highly leveraged and very risky. If you are looking to invest through CFDs, then we recommend looking at other providers. Zurich Prime does not hold a financial services license, and are not qualified to give investment advice.
Read MoreStructured 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 MoreWestpac 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 currency
Read MoreThe 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 MoreToday 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 MoreBorrowing 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 investments
Read MoreThe 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 MoreWhile 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.
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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 it
Read MoreGeneral Advice Warning: The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any financial decisions.