Before you can dive headfirst into the world of investing, it’s important to gain an understanding of how things work. Bonds are one method of growing your money through investing and they come with a lot of options and factors that you should wrap your head around before wrapping your money in them.
Here’s everything you need to know about bonds.
Continue reading “Investing 101: Everything you need to know about bonds”
It sounds counter-intuitive but even when you’re doing your best to be frugal and save, the most efficient thing to do is spend money – on quality everyday items. Here are 10 things to buy that will save you money in the future. Continue reading “10 things to buy that will save you money”
Sticky financial situations occur a lot between friends and it’s because Australians don’t like talking about money. In fact, most Aussies would rather talk about politics and religion than their own financial situations.
This lack of communication often results in a disconnect between how we handle our own money and how our friends expect us to, which can lead to a number of awkward situations…
We’ve picked out a handful of common money dilemmas encountered amongst friends and included some advice about how to tackle them without brushing anyone up the wrong way or making things awkward.
Continue reading “How to deal with awkward money situations”
When the legendary American investor Warren Buffett recently turned 87 he celebrated the milestone as the second richest person in the world, with a net worth estimated to be around $96 billion.
Continue reading “Betting against Buffett: an expensive way to learn a valuable lesson”
While a lot of the time we may preach the thrifty lifestyle with all of our helpful budgeting and money saving posts (only so you can reap the rewards of good saving habits and profitable returns, mind you), there are definitely some things worth spending good money on (and we’re not talking about double shot lattes).
Here are eight everyday items worth splurging the extra cash on.
Continue reading “8 things that are worth splurging on”
People often tell me that they find investing intimidating because of all the technical language involved in becoming a competent investor.
Thankfully, for the most part you can be blissfully ignorant of 99% of the technical terms in finance and still beat the majority of professional investors out there.
I’d go so far as to say that keeping things uncomplicated is the key skill you need to develop if you’re going to get ahead financially.
That said, there are a few terms you really do need to familiarise yourself with on your journey to financial security. Two of the more confusing are dividends and distributions. Often these terms are used interchangeably, even though they have very different meanings.
The idea that you should be setting aside a portion of your income for an ‘emergency’ rather than banking it straight into your savings can be a hard one to swallow, particularly if you’ve got your eye on a new car or even your first home, but trust us – it’s worth it. The key is to start now.
Here are 5 steps you can take to start building your emergency fund.
Continue reading “The ultimate guide to building an emergency fund”
Asset classes are an important concept in investments which is used to categorise different types of investments. We’ve pooled together all the info you need to know about them so you can get started on growing your money.
Continue reading “A beginner’s guide to asset classes”
At Clover we encourage all clients to set a goal of investing a set amount each month. It’s not a requirement but it’s highly recommended!
Here are five reasons why we think you should set a monthly investment goal —and stick to it.
Continue reading “Why investing a set amount every month is ideal”
The two most common type of scams used on Australians are dating and romance scams, and investment scams. Between them they accounted for almost $50 million of the $83.6 million reported to the Australian Competition and Consumer Commission’s (ACCC) Scamwatch service during 2016.
While we’re not qualified to provide guidance on how to enhance your love-life, we are very much dedicated to improving your financial life, and that means providing you with the knowledge to avoid investment scammers. Here’s what you need to know.
Continue reading “How to protect yourself from an investment scam”