HOMEOWNERS will receive the biggest single reduction to their mortgage payments in 16 years after a worried Reserve Bank slashed interest rates by one percentage point yesterday to shield the economy against the global financial crisis. None of the major banks will pass on the cut...
This note looks at the continuing turmoil in financial markets. The key points are as follows: • Shares have made new lows in the past week on more bank failures and uncertainty about the US relief package. • Successful approval the implementation of the US debt relief...
This note looks at the wild swings in financial markets over the last week or so. The key points are as follows: • The move to a comprehensive solution to the financial crisis by US authorities substantially removes the risk of a financial meltdown. • The ride...
Every year, many thousands of Australians try to come to terms with a surprisingly common financial setback - the loss of money through personal fraud. Losing money is hard enough at any time - perhaps after making a poor but legitimate investment - but losing money...
In a recent decision, the Administrative Appeals Tribunal (AAT) partially disallowed rental deductions on the grounds that the property was purchased for use as a residence and not as a rental property The applicant owned a rental property in Sydney for which he claimed rental deductions...
When Rupert Murdoch was quizzed about his alleged interference with the editors of his newspapers, he responded: "I read their balance sheets, not their editorials." Sophisticated investors contemplating an investment in a particular listed company will usually want to study its latest annual report. If their...
Why have the self-employed been treated so shabbily when it comes to super? As I wrote in a recent Smart Investing, new research by the Association of Superannuation Funds of Australia (ASFA) found that 28% of the self-employed have little or no super. And a further...
The relationship between the real world and the stockmarket can sometimes seem tenuous. The rout on financial markets is inescapable yet people are still going to work earning money, going to the supermarket or the pub to spend it, buying fridges, TVs and even luxury cars....
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