Get a better interest rate, save on petrol, airline rewards and 100 Baggers [Money & Chill]
Jul 4, 2024
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Financial experts Monique and Mitchell share money hacks on getting better home loan rates, utilizing Frequent Flyer points, and discuss books and podcasts. Topics include saving on expenses, IKEA's buyback program, managing investments, investment recommendations, and conversations about finances in relationships.
Gearing investments offer high risks and gains, understanding gearing impacts portfolio performance.
Perla promotes dollar-cost averaging with automated investing tools, aiding steady growth and disciplined practices.
Deep dives
Advantages of Gearing Investments
Gearing investments, often referred to as leveraging in other asset classes like property and stock markets, offer higher risks and potential gains for investors. Betashares Wealth Builder Funds, G200, and GHHF provide moderate gearing across Australian and global shares, encouraging investors comfortable with the associated risks to explore further.
Important Considerations on Gearing Investments
Investors considering gearing their investments should bear in mind that while it can magnify gains, it also amplifies losses. Properly understanding how gearing works is vital, as magnifying financial outcomes can directly impact a portfolio's performance. Reviewing relevant PDS and TMD on platforms like betashares .com .au can help in making informed decisions.
Perla for Streamlined Investing
Perla, a platform for investing in shares and ETFs, offers automated investing tools that facilitate regular contributions. Users on Perla invest an average of $1750 every month, promoting dollar-cost averaging. This method allows investors to spread their investments over time in small increments, contributing to steady growth and disciplined investing practices.
Rask's Insights on Managing Personal Finances
Rask, a financial education platform, emphasizes empowering individuals to manage their time and money effectively. They offer practical advice on investing and personal finance, encouraging listeners to explore their range of resources, including courses and tools, to enhance their financial literacy and make informed investment decisions.
On Money & Chill this month, Kate Campbell chats with Monique and Mitchell about some great money hacks from our community, getting better rates on our home loans, making use of Frequent Flyer points, and share some of the books and podcasts we've been enjoying!
⚠️ Warning: This is not a serious episode, but we have a whole back catalogue for that.
DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.