Money Magazine

Change… it’s the one constant in life. But the rate of change, well, that’s another thing entirely. We live in a time of accelerating technological change. Looking back at history, it took 2.4 million years for our ancestors to control fire and use i

Columnist I did 12 months of unpaid work for a niche management consultancy. At the time, I was completing my Master’s degree in organisational psychology, working a job to pay the bills and support a young family. However, the experience and knowled

EDITORIAL Founder & editorial adviser Paul Clitheroe Editor-in-chief Michelle Baltazar [email protected] Managing editor Vanessa Walker [email protected] Art director Ann Loveday Designer David Matthews Senior sub-editors

I am not sure who came up with the term ‘the retirement trilemma’, but it is a neat encapsulation of the challenges faced by those in retirement. The trilemma refers to the desire in retirement to ensure three objectives: • Ensuring you have access t

Let’s face it: cost-of-living stress is real. With prices skyrocketing, how can we all get better at managing our finances? In 2010, I created Buy Nothing New Month after a life-changing trip to Antarctica, driven by a desire to protect our planet. B

If you receive a compensation payment, determining whether it is taxable or not can be confusing. The general rule is that if you receive compensation that relates to the loss of your wages or income only, then the amount will be assessable income, i

A SURFER’S GUIDE TO PROPERTY INVESTING: THE NEXT WAVE by Paul Glossop (Major Street, RRP $32.99) In this new edition, author and property expert Paul Glossop dedicates an entire chapter to exploring the upheaval that Covid – or the rogue wave as he r

Rather than helping to lead consumers to better decisions, could a reliance on technology be making shoppers less savvy and more prone to buyer’s remorse? That’s the conclusion of a three-year study conducted by the strategic research agency Fifth Di

Lovisa finished the year with more than 900 stores, gross margins that exceeded 80% and net profit growth of over 20%. That impressive feat was met with the market’s collective shrug; shares finished the day about 10% lower. Still, Lovisa is booming.

There’s a saying that once you’ve put down roots, it’s hard to leave. But that appears to be truer in some areas than others. New data from the property platform PropTrack reveals that homeowners in a handful of suburbs across the country are holding

For the first time since its inception, all 57 MySuper products have passed the Australian Prudential Regulation Authority’s (APRA) annual performance test. The test was introduced to weed out underperforming default super funds, with products that f

Send your questions to: Ask Paul, Money magazine, Level 7, 55 Clarence Street, Sydney NSW 2000 or [email protected]. Sorry, but Paul can’t personally answer your questions other than in the Q&A column. By submitting your question to Money, you co

2022 O’Leary Walker Watervale Riesling $25 Watervale makes some of the most impressive and long-lived whites in the Clare Valley. Here’s a reasonably priced example that could be happily cellared for five to 10 years or drunk immediately. It is power

To celebrate Money’s 25th birthday, we are giving five readers the chance to win a Flower Market stoneware berry washer from Robert Gordon, valued at $34.95. To go into the draw, send your name, address and phone number to Money, Robert Gordon, Level

What is it? Ray-Ban Meta smart glasses It was only a matter of time before smart glasses became the latest accessory in the world of wearables. EssilorLuxottica and Meta have teamed up to provide their version. They sport the familiar Wayfarer design

The cost-of-living crisis, a lack of affordable housing and a cold winter have left record numbers of people in need. The question facing many of us is where to put our charity dollars to best target those we want to support. The answer could be the

Hi Paul, I am on a disability support pension and I have just inherited $100,000-plus. I know I can’t buy a house with that amount. My best mate, who is a tradie and someone who stepped up when I was going through my treatment over eight years, has s

An inheritance is always bittersweet, Andrea. Obviously, someone you care for has died, but I think that they would be delighted that you plan to use the inheritance to purchase a home with your friend. I am sure you have seen the same thing happen.

Australia’s largest ETF, giving investors exposure to Australia’s top 300 companies. It offers potential long-term capital growth along with dividend income and franking credits. • Assets under management (market capitalisation) at July 23 – $15.61 b

A thematic fund that invests in a portfolio of big global players in the provisioning, mining and trading of cryptocurrencies such as Bitcoin. Holdings include Marathon Digital, CleanSpark, Galaxy Digital, MicroStrategy and Coinbase. It was listed in

up.com.au Features No monthly fees, 100% mobile, easy budgeting tools, colourful interface that includes emojis, chat and gifs. ubank.com.au Features Marketed as a ‘daily money companion’, leverages technology to send customers alerts about how to ea

Part two 6 On what basis can people contest the validity of a written will? A validly written will can be challenged on a number of grounds, such as: • Duress: People can exercise coercive conduct and duress over a vulnerable testator, especially if

The trend is clear: Australians are using less cash to pay their way, with the share of in-person transactions made with cash halving between 2019 and 2022, according to the Reserve Bank (RBA). While cash payments clearly aren’t as popular as they on

The legal terms explained: Will: A legal document with instructions about who you want to inherit your estate, care for your children, and be the executor of your estate when you pass away. Testator: A person who has made a will. Estate: Assets belon

• From $29 to $800 if you adopt, depending on the type of animal and its age. • $800 to several thousand dollars if you buy from a breeder. Up to $1000 in the first year (included in the price if you adopt). Up to $630 a year, depending on the pet’s

The question of building insurance is complex, because schemes differ across States and Territories. Here’s a guide to what, who and how much they cover. • Scheme/insurance: residential building insurance. • Minimum cost of work: $12,000. • Cover: Up

Save time and effort viewing properties that don’t meet your needs by preparing a list of non-negotiable features and wish-list items. “Your ‘must-have’ list will typically include the minimum number of bedrooms and whether you need a bath, a home of

A fully paid-off family home isn’t simply a roof over your head, it’s part of your retirement plan. If you don’t have a fat super balance and can’t imagine living on just the age pension, you can use your home to boost your lifestyle. Most retired re

Most people moving into retirement phase don’t have life insurance. However, it’s not uncommon for couples to divorce and remarry. You may have an older husband with a younger wife and young kids who has insurance to look after the family in the even

Seeks to invest in high-quality companies with attractively priced future growth prospects in both developed and emerging markets. GQG Partners’ fundamental investment process evaluates each business based on financial strength, sustainability of ear

In 2020, during the pandemic, CSL, one of the world’s leading biotechs, hit the number one spot on the ASX for market capitalisation. It was back down in third spot in early September. But a category in which CSL does regularly triumph is having one

As you can tell by now, I’m a fan of old-school ETFs – the ones that offer lowcost, market-matching performance (less a tiny fee). And as an ASX investor, the most useful ETFs might be the ones that give access to international markets – exposure we

The tables on these pages contain data and information to help you compare managed funds, which are pooled funds managed professionally by investment experts. Managed funds displayed in these tables are multi-sector or asset class specific. Multi-sec

1800 812 798 (outside Sydney) 9264 9300 (Sydney) superannuation.asn.au 1300 850 115 acma.gov.au 1300 302 502 accc.gov.au aer.gov.au/consumers/making-a-complaint 1800 931 678 afca.org.au 1300 300 630 asic.gov.au 131 279 asx.com.au 1300 737 373 (within

Trading conditions are tough for plenty of small businesses right now, and CreditorWatch is predicting close to nine out of 10 (87.2%) of the 329 locations monitored around Australia will experience a rise in business failures over the next 12 months