Here are five money topics Australians are talking about, which we explore in the April issue of Money magazine, on sale now.
Staying calm during a crisis (page 29)
With markets suffering their greatest levels of volatility since the GFC, our readers asked if it is the wrong time to buy shares?
There is no need to hurry in this volatile market, however, if you do want to invest there are some simple strategies you can employ. Younger Australians have a longer period of time to ride out market waves, whereas older Australians may want to avoid further risks to their capital prior to or during retirement. Investment experts recommend dollar cost averaging as a great place for mum and dad investors to start, but what exactly does this mean?
Avoid a family fight over money (page 50)
Child favouritism can lead to bitter financial disputes when it comes to managing your estate. There is no law that prevents favouritism of one child over another, and unevenly distributing an estate may make sense in various situations. This is becoming more relevant due to an increase in blended families and the breakdown of the nuclear family. The solution lies in communication, but where do you start this difficult conversation?
Are you too old to take your first steps into property? (page 54)
The dream of owning our own home is etched into our national psyche. With high house prices forcing many millennials out of the market, they are often the focus of these conversations in the media and elsewhere. However, you might be starting on the property ladder at any age. Is it a good time to invest in property as you near retirement?
Many potential investors wonder if they’re too old to enter the property market – we have the answer. What are some tips to investing in property if you’re single and is rent vesting all that it’s cracked up to be?
The bushfire tragedies are still fresh in our minds, what insurances do we need to think about? (page 41)
In building and maintaining wealth, making a home and raising a family, adequate insurance is needed to make sure the most important things in your life are all protected. Insurance often involves a set-and-forget strategy, though your needs for life, total and permanent disability, income protection insurance and more change throughout the stages of life.
Should you pay your insurances through your super, and what does changing insurers mean for you?
Ensuring financial confidence for women – The Joy of Money
Women retire with less than men, the gender pay gap still exists, and women are statistically more likely to have broken work patterns. They need more help with money.
Where do women start to feel more confident about their money, their futures and making their own investment decisions?
Money magazine’s editor-at-large, Julia Newbould, has explored these questions in her new book, The Joy of Money, co-written with financial adviser Kate McCallum. The book focuses on helping women reach financial independence and gain confidence in managing their money.
