Archive for June, 2008
Open Ended Funds And Closed Ended Funds
Monday, June 23rd, 2008
Mutual Funds can either be closed ended or open ended. Open Ended funds are usually more common than the closed ended. Here is a brief post about the difference between these two types of funds:
Open Ended Funds
There is no limit to the size of the fund. You can apply or redeem more units/shares of the [...]
Speed Renting - Find Your Perfect Flatmate
Monday, June 23rd, 2008A company in New Zealand has come up with a very innovative idea to find the ‘perfect’ flatmate - a simple and good solution. The concept is quite similar to ’speed dating’. Basically prospective flatmates and prospective tenants meet in a social setting. The event lasts for around one hour. During this hour you can [...]
Federal Budget - Family Tax Benefit Part B
Thursday, June 19th, 2008Family Tax Benefit Part B is paid to single parent families or to two parent families where only partner has the main income (the other might be a stay-at-home partner or might work part time).
Prior to the Federal Budget 2008-09, the benefit you get depends on the following:
Two Parent Families:
1. The age of your [...]
Private Health Insurance Rewards
Wednesday, June 18th, 2008In March 2008 Government approved premium rises for health insurance. The insurers were asking for around 5.21% increase but the government negotiated it down to 4.99%. The private insurers have said that the increase in premiums is due to the rising costs of health related services.
In mid March 2008 I received a letter from my [...]
Family Tax Benefit Part A
Wednesday, June 18th, 2008This benefit is paid by government to help families with the costs of raising kids. The benefit is paid for each child. The amount of benefit you get depends on:
1. Number of children you have
2. Age of children
3. Your combined family income
To get the maximum benefit your family income has to be less than $41,319. [...]
Looking To Buy Prescription Glasses?
Tuesday, June 17th, 2008I wear prescription glasses…And some times when I have patience I wear contacts. Anyone who wears glasses knows how expensive they are. Even if your private health insurance covers them, you still have to spend a significant amount of money to get a pair. Recently I read an article about an entrepreneur called Kevin Reece [...]
Private Health Insurance Rebate
Tuesday, June 17th, 2008To reduce the burden on public health system, the federal government implemented two initiatives to encourage us to take up private health insurance. The first one is more like a fine that people earning above a certain level get charged if they don’t take up private health insurance. The second is the ‘rebates’. Every one [...]
The Best Day To Fill Your Tank Up
Monday, June 16th, 2008We all know that petrol prices fluctuate greatly during the week and the prices are never uniform across all the petrol stations. It has been reported that these rapid rises and falls are due to some anti competitive practices exercised by petrol companies and the service stations. If that is the case then it is [...]
Secrets Of Self Made Millionaires
Monday, June 16th, 2008I recently read an interesting article on Readers Digest website - in this article 5 self made millionaires share their secrets to their wealth building success…Here are the six tips (as shared on RD website by the author - Kristyn Kusek Lewis)….
1. Set your sights on where you’re going
2. Educate yourself
3. Passion pays [...]
Domestic Index Exchange Traded Funds
Sunday, June 15th, 2008Exchange Traded Funds (ETFs) are basically listed managed funds. ETFs offer you the opportunity to invest in a diversified portfolio of assets. The underlying assets could be shares, commodities or fixed interest.
There are three basic types of ETFs that are traded on Australian Stock Exchange.
1. Domestic Index ETFs - tracking the domestic indicies
2. [...]
