Tagged With investments

7

Chances are good you’ve at least heard of Bitcoin and the concept of digital currencies. Lately, they’ve been in the spotlight more than usual.

With good reason. Bitcoin prices have skyrocketed from just under $1,000 for one Bitcoin on January 1, 2017 to more than $6,000 at the beginning of November 2017.

That’s 600% in less than a year.

Enough people have made a decent amount through Bitcoin that investment groups are sitting up and taking notice.

0

Robo advisors have become popular options for investors. They use tools to automatically, effortlessly manage and help diversify your investment portfolio - no human interaction required. And while this kind of automation makes them cheaper than a traditional financial advisor, that doesn't mean they're free.

2

People often get excited about the possibility of getting a nice return on their money through investing, so as soon as they have a little bit of cash in hand, they're ready to invest. They want to make their money work for them, and that's completely understandable. But not everyone is ready to jump in.

8

The popular US finance app Acorns is now available in Australia. Like the nut it is named after, the app takes something small -- your leftover change -- and attempts to grow it into something much bigger. This is achieved by automatically investing the money into a diversified portfolio of exchange traded funds (ETFs) whenever you make an online purchase. Here's how it works.

17

Lenders Mortgage Insurance (LMI) is a one-off fee payable when borrowing more than 80 per cent of a property's value. It's yet another expense that can make life difficult for cash-strapped home buyers; even for a modestly priced property. This "hustler's guide" from Home Loan Experts outlines the various ways you can reduce -- or completely avoid -- your LMI fee.

8

Peter Ray is a private collector of war memorabilia based in Bilpin, NSW. The jewel of his collection is a Matilda II Mk IV infantry tank used by Australian army regiments during World War II. Purchased in 1980 for a mere $700, it currently commands a price tag of more than $400,000. Sometimes, weird investments have a way of paying off.

23

If you live in one of Australia's major cities (we mostly do), it can seem impossible to find a house or unit that's affordable and a reasonable distance from the centre. But it can be done. Here are the five most affordable suburbs for houses and units located within 20 kilometres of the CBD in Australia's capital cities.

7

House prices in Australia only dropped marginally in the last quarter, but the year-on-year picture is a little grimmer. The average decline in house prices between the last quarter of 2011 and the year before was 4.8 per cent, with Brisbane and Adelaide the worst-hit.

1

If you started investing $448 a month at 30 years old, Yahoo Finance says that a reasonable 8% return would put your savings over the million dollar mark in 35 years. The problem, of course, is finding that extra $450. To help ferret out every quarter in your couch cushions, the article suggests seven different potential expenses that, with slight adjustments, could easily produce the extra cash you need to start down the road to a million.

0

Mint, the web-based financial management application that took us by storm a few months back, is adding investment tracking to their already impressive feature set. Mint's investments, currently in beta, tracks everything from the performance of your Roth IRA to the value of your 401k, all from its attractive, easy-to-understand interface. As with Mint in general, you'll need to be comfortable trusting your data in their hands (if you're curious, you can read more about their security measures here). Mint investments is currently in private beta, but if you follow the link, they've set up a page for Lifehacker readers to sign up. You should get access to Mint's investments sometime next week, and we've been assured that there's no limits on signups. In the meantime, hit the jump for a closer look at Mint's investments interface.

0

Fortune magazine drops in on a Q&A Warren Buffett offered to 150 business students, and the advice dispensed by the Oracle of Omaha on investing and money in general is elegantly simple. When one student asked Buffett how to best spend his free time to further his investing knowledge, Buffett avoided generalised advice and told him to stick to what he knows. Fortune paraphrases:For most people, the bulk of their income is going to come from earning power in their chosen profession. Therefore, from the standpoint of building wealth, free time is better spent sharpening one's professional skills rather than studying investing.