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Getting The Best Term Deposit in Australia

Just like retail shopping, the finance industry is the same where it pays to shop around and find yourself the best possible deal. Thankfully, it’s a simple process to find the best term deposit rates in Australia thanks to Australian Money Market. You can see all the term deposit rates currently on offer from over 20 Australian financial institutions and you can pick and choose which offer sounds the most attractive to you.

Using Australian Money Market doesn’t cost anything as they receive a brokerage from the financial institution or bank for getting you to sign up for a term deposit. Much like a referral that a blogger would receive for affiliate marketing.

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Life Insurance

Life insurance helps your family financially if you were to die or face a permanent disability, serious injury or critical illness that takes you out of the work force. Funerals and everything that goes along with it are incredibly expensive so it’s good to have an insurance policy in place to assist your family during these times.

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We will go through the various types of insurance offerings and types available in Australia.

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Lowest cost Australian ETF

BetaShares are set to release the lowest cost Australian ETF to date. This is great for investors as it’s giving more options and competition with other low-cost providers like Vanguard, Blackrock and Fidelity.

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How To Start A Blog

At Income Master, we are all about helping Australians build wealth, retire early and enjoy life. A big tool in building wealth is generating passive income which can be made by starting a blog. I have over 15 years experience with building websites! I started way before products like WordPress and Weebly were around. Now it is easier than ever for someone to get a website up and running without being a hardcore programmer or an expert graphic designer.

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I will take you through the steps on how to start a blog and how you can start generating passive income.

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Teach Kids Good Habits With Money

To truly harness the power of compound interest, the earlier a person starts investing, the better. If you want your kids to start on the right track, it’s essential to teach them good habits with money. Not only teaching them good practices with finances by talking to them and having them read books about it, but showing them what you do yourself will have great power.

In just about any primary and high school in the world, there is a distinct lack of any mention of finances which is really alarming. So, many kids will turn to their parents and learn from their habits.

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Diversified ETFs with Vanguard

Vanguard launched a range of diversified ETFs a few months back that you may not have come across yet.

  • Vanguard Diversified Conservative Index ETF [VDCO]
  • Vanguard Diversified Balanced Index ETF [VDBA]
  • Vanguard Diversified Growth Index ETF [VDGR]
  • Vanguard Diversified High Growth Index ETF [VDHG]

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Bears running rampant in the Crypto market

2018 has been a tough year for just about any cryptocurrency out there and this week has been no different. Many of the big names have reached new 2018 lows. 2017 saw some tremendous gains across the Crypto market, this year is really testing people if they have the guts to stick it out through this bear market, or sell up and take the hit.

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A2 Milk stock drops 7.5% in a day

One of the strongest performers on the ASX (Australian Stock Exchange) in the last 12 months, A2 Milk, saw a 7.52% drop today after the announcement that Nestle is joining in on the A2 protein market in China.

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50 Quotes from Warren Buffett

Here is a list of 50 popular quotes from the investing legend, Warren Buffett. It’s good to keep these in your mind when you feel lost as to where to go to next, or if you think your portfolio maybe isn’t heading in the right direction.

  • A public-opinion poll is no substitute for thought.
  • Chains of habit are too light to be felt until they are too heavy to be broken.
  • I always knew I was going to be rich. I don’t think I ever doubted it for a minute.
  • I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.
  • I buy expensive suits. They just look cheap on me.Read more

 Australian Tax Office Talks Cryptos

As the time for lodging your 2017/2018 tax return approaches, the Australian Tax Office (ATO) have been receiving a large number of enquires from Australians regarding how capital gains tax will work with profits made from cryptocurrencies such as Bitcoin, Ethereum, Litecoin and Ripple.

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Stocks take a big hit today

You may have noticed that your investment portfolio was mostly swimming in a sea of red today.  This was due to US President Donald Trump’s announcement that he would impose tariffs on Chinese imports in the billions.

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BT Super Invest Launched

The BT Financial Group have released a new Superannuation product for Westpac customers (to be available later for everyone else) today. BT Super Invest is aimed at people that want more control of their superannuation, but don’t want to deal with the hassle of the compliance and administration work that comes along with operating an SMSF account.

I have already created my account and have been playing around with both the BT android mobile app and the desktop website. The interface is very modern and clean compared to other offerings available and incredibly simple to navigate and use.

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Ellen DeGeneres talks Bitcoin

Bitcoin and other cryptocurrencies are gaining more mainstream publicity by the week. Ellen DeGeneres talked about Bitcoin in a recent episode of her very popular talk show.

“The digital wallet can either be apps on your phone or tiny hard drives – which is a really good idea because who wouldn’t feel safe with their life savings on a piece of plastic that could go into the washing machine,” she commented.

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Stock Market Corrections

The stock markets have seen big corrections over the past week with the Dow Jones and S&P being hit multiple times. During these corrections or even a full-blown crash, it’s important to not act on emotions and think logically. The decisions that you make can change the total figure of your portfolio come retirement vastly.

This article is from Tony Robbins’s monthly “Power Report,” which provides advice and tips about money, investing, and personal finance.

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Diversify across stocks and bonds

We will go through the numbers of how your investment portfolio would look over the period 1926 to 2016 with various ratios across stocks and bonds. This will show the importance of having a diversified portfolio to minimise risk.

Different ratios will suit different people depending on many factors such as age, risk appetite and what your goals for retirement are.

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