Top Stories saving money
Most regular investors know it’s not worth it to try to time the market or keep up with stock prices. To avoid any investing pitfalls, it’s important to acknowledge our own limitations. Wealth advisor Jonathan K. DeYoe does a good job of explaining why: If you’ve read about a stock in the news, that means it’s old news.
Think that by signing a fixed-price contract for electricity or gas you’ll know what the rate is for the life of the contract? Think again. The market regulator has confirmed that power companies have the right to change the rates charged on a fixed-price contract whenever they like — even before the deal begins. What a ridiculous joke.
Back in February, consumer regulator the Australian Competition and Consumer Commission (ACCC) started a wide-ranging investigation into drip pricing: constantly adding extras during a purchase process so the final price ends up higher than expected or advertised. That campaign has scored a notable result today, with ticket agencies Ticketek and Ticketmaster promising to make their fees clearer to consumers.