Key takeaways Having an emergency fund can help you maintain your everyday life as you navigate through a crisis, like losing your job, without causing you to tumble into debt Ideally, you want to have enough stashed away to cover all your daily expenses for a few...
Purchasing an investment property that already has a tenant means you collect rent from day one, with no vacant period and no lease fees to find a new tenant. The lease just carries on as it did before you purchased the property. There are plenty of upsides to buying...
A capital gain or loss is the difference between what you paid for an asset and what you sold it for. This takes into account any incidental costs on the purchase and sale. So, if you sell an asset for more than you paid for it, that’s a capital gain. And if you sell...
When it comes to investing, ESG is one of the latest buzzwords. So what does it mean and, importantly, should you care? There’s a lot of talk about ESG investing these days. The problem is it’s not always clear exactly what that is. In fact, you’d be forgiven for...
Be suspicious of anyone offering you easy money. Scammers are skilled at convincing you that the investment is real, the returns are high and the risks are low. There’s always a catch. How investment scams work There are three main types of investment scams: The...
If you’d invested $10,000 into the whole Australian share market back in 2002, your initial investment amount would have grown to almost $50,000 by 30 June 2022. It’s a huge gain. Around 385 per cent to be precise. And, to achieve it, all that you would have needed to...
