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  • gold | Which4U Australia - Money Blog
    who invested in sugar will be left out of the general increase in food values Food is also a challenging investment option because its nature makes it difficult to hold directly for long term investing Foodstuffs after all are organic products that are subject to decay Food investors must usually purchase investment vehicles rather than the product itself Precious Metals as an Investment The situation is different with precious metals such as silver or gold The worldwide gold price is not subject to regional variations as food prices can be and since precious metals do not decay investors can purchase gold bullion and store it in a safe in their homes if they wish This investment strategy also has drawbacks of course the chief one being the possibility of theft One solution to the theft problem is to buy gold online Using this strategy investors work with an online firm that helps them access various bullion markets around the world Such firms provide their clients with information about the current gold price assist them with buying and selling as needed and even help them store their precious metals investments in secure vaults in cities such as London New York and Zurich Clients who decide they would prefer to hold their gold directly usually have the option of withdrawing their bars at any time Buying gold online can also have other advantages Trading in coins for example may require investors to purchase gold in very limited quantities such as the quarter ounce Investors who wish to purchase large quantities of gold may need to complete dozens of transactions but working with an online firm enables clients to purchase any quantity of gold bullion they wish any time they want With economic uncertainty increasing investors should begin to consider which types of

    Original URL path: http://blog.which4u.com.au/tag/gold (2016-02-17)
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  • investments | Which4U Australia - Money Blog
    who invested in sugar will be left out of the general increase in food values Food is also a challenging investment option because its nature makes it difficult to hold directly for long term investing Foodstuffs after all are organic products that are subject to decay Food investors must usually purchase investment vehicles rather than the product itself Precious Metals as an Investment The situation is different with precious metals such as silver or gold The worldwide gold price is not subject to regional variations as food prices can be and since precious metals do not decay investors can purchase gold bullion and store it in a safe in their homes if they wish This investment strategy also has drawbacks of course the chief one being the possibility of theft One solution to the theft problem is to buy gold online Using this strategy investors work with an online firm that helps them access various bullion markets around the world Such firms provide their clients with information about the current gold price assist them with buying and selling as needed and even help them store their precious metals investments in secure vaults in cities such as London New York and Zurich Clients who decide they would prefer to hold their gold directly usually have the option of withdrawing their bars at any time Buying gold online can also have other advantages Trading in coins for example may require investors to purchase gold in very limited quantities such as the quarter ounce Investors who wish to purchase large quantities of gold may need to complete dozens of transactions but working with an online firm enables clients to purchase any quantity of gold bullion they wish any time they want With economic uncertainty increasing investors should begin to consider which types of

    Original URL path: http://blog.which4u.com.au/tag/investments (2016-02-17)
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  • silver | Which4U Australia - Money Blog
    who invested in sugar will be left out of the general increase in food values Food is also a challenging investment option because its nature makes it difficult to hold directly for long term investing Foodstuffs after all are organic products that are subject to decay Food investors must usually purchase investment vehicles rather than the product itself Precious Metals as an Investment The situation is different with precious metals such as silver or gold The worldwide gold price is not subject to regional variations as food prices can be and since precious metals do not decay investors can purchase gold bullion and store it in a safe in their homes if they wish This investment strategy also has drawbacks of course the chief one being the possibility of theft One solution to the theft problem is to buy gold online Using this strategy investors work with an online firm that helps them access various bullion markets around the world Such firms provide their clients with information about the current gold price assist them with buying and selling as needed and even help them store their precious metals investments in secure vaults in cities such as London New York and Zurich Clients who decide they would prefer to hold their gold directly usually have the option of withdrawing their bars at any time Buying gold online can also have other advantages Trading in coins for example may require investors to purchase gold in very limited quantities such as the quarter ounce Investors who wish to purchase large quantities of gold may need to complete dozens of transactions but working with an online firm enables clients to purchase any quantity of gold bullion they wish any time they want With economic uncertainty increasing investors should begin to consider which types of

    Original URL path: http://blog.which4u.com.au/tag/silver (2016-02-17)
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  • Savings: Finding the right balance | Which4U Australia - Money Blog
    bigger picture These days the amount of money one can earn in a savings account is low as interest rates have continued to fall in recent times Despite savings accounts being able to provide high returns they are still an important element to a stable financial lifestyle offering a safe risk free method of putting money aside while earning a guaranteed return While some people use the savings approach to build up funds in order to make a large purchase they should also be thinking about storing cash away for unexpected emergencies This could save you money in the long run as it should help you to avoid going into debt which most of us will have already learned can cost us significantly When it comes to putting money away towards a retirement fund its a good idea to contribute enough to see the maximum match from your employer Failing to take advantage of the full contribution will mean you will miss out on free money Another area that is popular with consumers for saving a buck is insurance While all insurance types can prove to be expensive it is far lower than the potential cost of not having it If you re prepared to opt for lower or no cover you must also be prepared to face the consequences should you need to make a claim In an unpredictable world life can easily change Whether it s illness a car accident fire flood or unexpected death consumers and families can easily fall into into bankruptcy if they fail to purchase the necessary insurance Therefore it simply isn t worth taking the risk just to save some money With many of us feeling the pinch after the recession a new vouchers culture has begun to emerge allowing consumers to make

    Original URL path: http://blog.which4u.com.au/savings-accounts-2/savings-finding-the-right-balance (2016-02-17)
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  • The 10 Tax Commandments | Which4U Australia - Money Blog
    such as a new car or to pay for a vacation which are not tax deductible The problem comes when they fail to declare these extra purchases as these do not qualify for tax deductions To avoid falling into this trap you need to work out exactly how much of the loan was used to pay for business purchases and state this amount when declaring the business loan Another one to watch is when refinancing a loan as this can mix several loans together making it difficult to go through and identify the relevant figures 3 Don t forget to declare your gains If you sold any assets shares or managed funds within the last financial year and made a profit you will need to declare this so it can be added onto your taxable income If the share managed funds have been held for a year or more they will qualify for a 50 discount Capital losses can only offset capital gains not general taxable income 4 Be wary when dealing with property There are a number of traps than can easily catch out property investors A common misconception is when people declare property improvements that effectively add capital to rental properties as repairs allowing them to claim a 100 deduction over one year People that make large claims for repair expenses are likely to be asked by the ATO to provide further details 5 Don t mix up your dates Another trap people fall in to is using the settlement date of a sale when working out capital gains tax as opposed to the actual date on which the contract was signed Property sales are a common victim to this trap because of the nature of the chain causing longer settlement periods Problems may also arise when disposing of shares and other investments 6 Never forget your spouce People commonly fail to include the details of their spouse when filling out their tax return which can cause problems later on in terms of tax rebates and offsets This can have an affect on the amount required for Medicare charges at higher individuals rates instead of a couples rates Some senior Australians may only receive the Senior Australian Tax Offset at the single rate rather than the couples rate which would result in additional tax being paid Private health insurance details should also be included when filling out your tax return as this will effect the Medicare Levy Surcharge 7 Hold on to those papers Many of us will clear out our old records from time to time but you must remember that the ATO requires you to keep records for a certain period of time This can be up to five years in some cases These records include Payments received which include salaries pensions bank interest from bank accounts and share dividends Income related expenses such as work expenses Assets bought or sold such property or shares Tax deductible donations or gifts Medical expenses 8 Desperate times shouldn

    Original URL path: http://blog.which4u.com.au/savings-accounts-2/the-10-tax-commandments (2016-02-17)
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  • Term Deposits – Choosing the right savings option | Which4U Australia - Money Blog
    so to you will need an initial investment if you wish to consider this option If you require your money before the term deposit matures you are likely to be charged penalty fees Terms range from as low as 7 days up to 7 years with different rates offered for different bonds making these investments short to medium range The rule seems to be that the longer amount of time your money is deposited for the higher the rates offered By fixing your rate for a specified term you are able to protect your return from declining or volatile interest rates while guaranteeing a predefined return on your investment On the flip side this could also work against you as increases in interest rates could also occur during the fixed term which gives us our risk factor Returns from term deposits are usually calculated daily and can be paid either monthly every six months annually or when the bond matures The downsides to term deposits is that unlike an instant access account you can t withdraw your money early without being penalised and unlike stocks they don t offer capital growth You should consider the following before investing in term

    Original URL path: http://blog.which4u.com.au/term-deposits-2/term-deposits (2016-02-17)
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  • Debunking the Credit Score Myths | Which4U Australia - Money Blog
    involved in determining credit score Some consumers get bad credit scores especially if they can t identify fact from fiction Here are the common myths on credit score Many Credit Cards Low Credit Score Most of us believe the common myth that our credit score drops if we get too many credit cards The fact is that by cancelling one of your credit cards the rating drops as you reduce the number of healthy accounts The score drops drastically as the amount of credit limit and the average length of credit history drops Another thing that consumers should know is that too much credit inquiries and loan applications can also affect the score Whimsical thinking can go nowhere Building Credit Line With Credit Cards Another classic credit score myth is when people using their card once a month to show activity in their account You really don t have to use it at all considering the fact that a typical consumer has a balance of 30 on their credit line and your score takes a big hit when you go over it Ideally getting the most points can be achieved when you have zero balance Paying on Time Translates to Good Credit Score The bad news is that paying your bills on time does not guarantee you favourable credit rating because everything that you do won t reflect on your ability to pay your bills Credit bureaus check your credit history and the companies asking for your monthly utility bills Besides these companies report to credit bureaus if you fail to pay your phone or gas bills Checking Credit Score is a Bad Idea It should be clarified that there are two ways of inquiring credit scores soft inquiry and hard inquiry The former is when you personally need to

    Original URL path: http://blog.which4u.com.au/credit-cards/debunking-the-credit-score-myths (2016-02-17)
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  • credit score | Which4U Australia - Money Blog
    United Kingdom on stores financial institutions and other businesses where consumers have made small to big transactions FICO and other prominent credit scoring systems are used to evaluate the financial risk posed by lending money to consumers Therefore a low income consumer with a history of delinquent paying of bills may get a low credit score as compared to a high income individual Aside from banks and other financial institutions mobile phone providers insurance firms real estate agencies and other businesses use credit scoring to determine approved credit and set credit limit Even though paying the bills on time would mean better credit scores many of us don t know how the scoring system works Besides we don t know all the factors involved in determining credit score Some consumers get bad credit scores especially if they can t identify fact from fiction Here are the common myths on credit score more Tags credit rating credit score Debunking money personal debts Posted in Credit Cards Comments Off on Debunking the Credit Score Myths Share the Which4U Australia Money Blog Tweet Pages Home About Us Resources Categories Bank Accounts Credit Cards Home Loans News Saving Money Savings Accounts Term Deposits Archives

    Original URL path: http://blog.which4u.com.au/tag/credit-score (2016-02-17)
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