It’s a lovely spring day and because you’re in a good mood you login to your Clover dashboard to see your money at work. After giving a whoop of joy you decide to double-check these returns…and something seems off. Why are your calculations different from what you’re being shown? What’s going on?
It has to do with how we calculate returns. We’ve decided to re-post an excellent explanation on how we calculate your fees. WARNING – some maths are involved here but we promise to keep it simple.
If you’re like us, then your Twitter/LinkedIn/Facebook/Google feeds are being clogged with people telling you to GET OUT OF THE SHAREMARKETS NOW! But this is NOT the ideal action.
Continue reading “Why you shouldn’t panic when sharemarkets go down in value”
Given an option to secure your financial future, would you rather earn more money or cut back on expenses? Most people would say “more money, yo!” but the truth may surprise you.
Continue reading “Is getting a raise or cutting your spending best for your financial future?”
Ah yes, tax time. The time of year when we’re filing all of our hard-earned income to our friends at the ATO. If you’ve already filed and have received (or a due to receive) a refund then you’ve undoubtedly got some nifty ideas on where to spend your cash.
Here at Clover, we’ve utilised some incredibly complex mathematical modelling to create our Happiness vs. Time formula, and applied it to some real-life examples. Prepare to be astounded! Continue reading “What are the best ways to use your tax refund?”
“Build my wealth.” It’s an admirable goal, and it’s something more and more Millennials are signing up for.
Continue reading “8 of our favourite finance blogs and podcasts”
About a year ago we wrote a piece on a remarkable bet between Warren Buffett and hedge fund-of-funds manager Ted Seides. The premise of this one million dollar bet instigated by Buffett was that over a 10 year period beginning 1 January 2008 a simple S&P 500 index fund would outperform the best, most complex strategies that any Wall Street hedge fund guru would care to put together.
What was the last gift you gave one of your mates or a family member? A bottle of wine? Chocolates? A gift voucher? Maybe an Amazon Alexa?
These are all nice ideas (and we admit the Alexa is pretty cool) but here’s the thing – none of these gifts help someone reach their financial goals. They also don’t really help you out either. You know what does both? Your $5,000 Clover referral code.
Continue reading “Clover’s awesome (and very generous) referral program”
The recent results of the Household, Income and Labour Dynamics in Australia (HILDA) Survey indicated a noticeable gap in financial literacy between women and men. Women demonstrated a much lower level of financial literacy than men.
We spoke with our CMO, Marty Stanowich about blown subwoofers, financial advice, penicillin, and why people should sign up to Clover.
Continue reading “Meet the Clover Team: Marty Stanowich, CMO”
You’re probably familiar with inflation…right?
You may be surprised. According to recent results from the HILDA survey only 77% of men and 63% of women correctly identified the concept of inflation. Moreover, there’s a difference between knowing what inflation is, and knowing the impact it has on your investments.
Continue reading “What is inflation and why it matters to your investments”
