Archive for July, 2008
QBE Shares Drop To A Couple Of Cents
Wednesday, July 30th, 2008A funny and interesting drama unfolded on Australian Stock Exchange yesterday. QBE Insurance is a part of ASX 200 Index. It has a weighting of about 2 percent in the index. QBE Insurance is a blue chip stock. In the morning the shares were trading at around $22.85.
Brokers place buy and sell orders on the [...]
Tips On Saving Money At The Supermarket
Wednesday, July 30th, 2008Australian Bureau Of Statistics has released the average retail prices of grocery items in eight capital cities as at the end of June 2008. I have compiled a comparison of the prices at the end of June 08 with that of the prices at the end of June 07. The prices of all the items [...]
Term Deposits In Australia
Monday, July 28th, 2008
Term Deposits - What They Are?
Term Deposits are accounts that offer fixed interest rate over a fixed term.
Terms:
The following are some of the common terms for term deposit accounts:
30 days
90 days
180 days
270 days
1 year
2 years
3 years
4 years
5 years
Interest Rates:
Interest rates are the highest for a one year term and from there on as [...]
What Are Interest Rates Doing?
Sunday, July 27th, 2008The official interest rates is at a 12 year high at 7.25 per cent. The home loan rates is between 9 and 10 per cent. The inflation figures were released this week - the underlying inflation in the year to June grew at 4.4 per cent, which was well above the RBA’s 2-3 per cent [...]
Behavioral Finance - Use The Investor Psychology To Your Advantage
Saturday, July 26th, 2008The Text Book Approach To Investment
Theoretically stock prices are guided by the ‘efficient market hypothesis’. Here are the fundamentals of this hypothesis:
The price of stocks already reflects all the available information.
Investors behave rationally - they use the information available to decide whether to buy or sell a stock
If the markets were efficient all the time, [...]
Work, Training, Study Test Criteria For Child Care Tax Rebate
Friday, July 25th, 2008My two year old son has started going to child care two days a week. Anyways, while I was organising all the paperwork for the child care payments, it struck me that I had forgotten to write about one important eligibility criteria for the 50% child care tax rebate - It is the ‘work, training, [...]
An Emergency Fund - Why You Need One And How To Start One?
Thursday, July 24th, 2008Financial Pundits recommend that everyone must have an Emergency Fund. Here is some information about the importance of Emergency Funds and hopefully by the end of this post, I would have convinced you to start one (if you don’t already have one).
What Is An Emergency Fund?
Funds that you can access in case of unexpected events [...]
ASX Sharemarket Game
Wednesday, July 23rd, 2008ASX website is an excellent resource for anyone interested in investing in shares. There is a registered section on the website. This section has the following resources:
1. Investment Clubs
2. Online Classes
3. Watchlist
4. ASX Schools Sharemarket Game
5. ASX Sharemarket Game
6. Email Newsletter
One of my goals for 2008, is to learn about investing in shares and to [...]
Which Mortgage Should You Pay Off First?
Tuesday, July 22nd, 2008Financial pundits have always advised that the debt with the highest interest rate has to be paid off first. This makes mathematically and hence financially more sense than tackling the debt with the lowest interest rate first. Though it may make financially more sense to do this, I personally would prefer to pay off the [...]
Mobile Phone Banking Is On the Way….
Tuesday, July 22nd, 2008This year ANZ and NAB came out with Mobile banking features. NAB allows its customers to check their account balances and the last few transactions (all from their mobile). ANZ goes a step further - I actually viewed a demo of their M-Banking features and it is quite impressive - you can transfer funds, check [...]
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