If you’re trying to live in a way that helps mitigate the effects of climate change, you might resolve to fly less often or eat less meat. But what about switching banks?
Tagged With investments
It can be tough to know if you should buy, sell, or hold your investments when fears of a recession grow. You might even want to pull the covers up over your head and hide from the stock market’s twists and turns. But don’t despair when rumours start, and instead think about the following analogy before looking at your investment accounts next.
Frequent Lifehacker readers already know that I need all the help I can get when it comes to saving money, so it should come as no surprise that I am interested in the ways people attempt to save money. Is it as simple as putting a few dollars into a different account every month? Or do I need to take a more concerned effort?
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.
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.
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.
The Australian market closed with more losses today, ending a bad week for Aussie shareholders. The S&P/ASX 200 index is a market-capitalization weighted and float-adjusted stock market index of Australian stocks listed on the Australian Securities Exchange. This week, the index fell 4.2% and has fallen a whopping 10% since the start of 2016.
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.
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.
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.
We've always recommended having a good emergency fund set up for when things go wrong. However, not all of life's surprises are bad. You should also consider setting up a fund for when opportunities find you.