Today, I’m going to explain how you can make a lot of money

Today, I’m going to explain how you can make a lot of money

Were you “greedy when other people were fearful” (as Warren Buffett would say) when the market tanked this week? If you managed to scoop up some bargains you were no doubt patting yourself on the back for the rest of the week as Wall Street staged one of its strongest one-day rallies … ever. Winning like Warren, right? Maybe. However, if you look at the value of the US share market by the size of …

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Q&A: Fortescue an investment anchor?

Q&A: Fortescue an investment anchor?

Stockmarket will come good Hi Barefoot, I’m a 24-year-old nurse. My superannuation is $19,000 (with HESTA), and I am worried about the share market. My boyfriend is into shares and he says the crash this week is the start of something much bigger. Should I switch my investment from the current balanced option to something more defensive, like cash? Thanks, Chloe Hi Chloe, At your age your should h…

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The power of one good teacher…

The power of one good teacher…

“I was never cool in school, I’m sure you don’t remember me …”

That’s not only the opening line to one of my favourite songs, it also nicely sums up my 13 years of schooling.

The fact is, it’s only old codgers (north of 30) who believe that school is the best time of your life.

Everyone else knows it sucks.

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Chances are you had one of these accounts…and you got screwed

Chances are you had one of these accounts…and you got screwed

If you answered, ‘the Commonwealth Bank’, you’re as dinky-di as drinking from a bubbler on a hot summer’s day.

The CBA’s School Banking Program, known as Dollarmites, is an institution that has been around for over 80 years, and it’s currently in more than 2,500 primary schools across the country.

Yet what you probably didn’t realise is just how cutthroat it is for the bank to get into your classroom.

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Q&A: Downsize Before You Upsize

Q&A: Downsize Before You Upsize

Downsize Before You Upsize Hi Scott, My wife and I have two kids (three and five) and earn a combined $160k a year. We owe $1,500 on our Visa, $14,500 on our MasterCard, and $52,000 on two car loans. We also owe $408,000 on our home, which is worth around $450,000. We would like to upsize our house in the future, to perhaps $700k. My question is, what is the best way to proceed with paying down de…

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An open letter to the young people of Australia

An open letter to the young people of Australia

There is hope.

If you believe that your only chance of getting a leg up in the property market is by buying a dog box in Dubbo, I’ve got great news for you.

If you’re tired of being beaten at auctions by cashed up baby boomers, who constantly outbid you with their abundant equity, their negative gearing, and their Self Managed Super Funds — I’m going to show you how to get one up on them.

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Q&A: I’m Dumping My Boyfriend…But Not Before I Get Paid

Q&A: I’m Dumping My Boyfriend…But Not Before I Get Paid

Hi Scott,

I’m 28, and I’ve been with my partner for five years (and living together for two). No kids. Separate finances. He runs a successful business which makes him about $250,000 a year. I’ve supported him from start-up to where he is now, though never in a formal, or paid (!) capacity. I’ve decided that I’m going to end the relationship. However, before I do, I want to know what I am entitled to in the settlement. We’ve never signed any agreement. People keep giving me conflicting advice. What’s your advice?

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How to turn $1 into $930,550

How to turn $1 into $930,550

Peter was in strife with his wife.

I knew this because she emailed me for advice using the headline ‘My Husband Is an Idiot’.

A few years ago, Peter, in his mid-forties, opened a Self Managed Super Fund (SMSF) with his wife, and invested the lot in gold. Today they’ve lost about $35,000, and his wife — a nurse, who dutifully transferred out of a low-cost industry fund — is livid.

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