A rate cut from the RBA and the Governor says the glass is half full
The RBA has dropped the Cash Rate another 0.25% at the June meeting, bringing the Cash rate down to 3.50% it’s lowest in several years.
The pressure is now on Retiree’s and especially Self Funded Retiree’s looking for good returns from their cash deposits to fund their living costs. You can still find a 5% on Bank Term Deposits, but it’s getting harder to find.
At the same time he was lowering the Cash Rate, Glenn Stevens the RBA Governor was pointing out that the Australian economy was in good shape. He suggested we all stop talking it down and get out and enjoy it.
I’ll leave that up to you!
We are often asked what can I do with $5,000? Ok it’s not a lot, but with a bit of forethought you have many options to make it work for you. This month we look at what to do with 5,000 .We also look at 8 common mistakes made by investors. Our legal eagles look at what to do with recalcitrant executors
We all want to see our potfolios grow and see positive returns. Unfortunatley many investors keep making the same mistakes Read full article >>
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