Australian superannuation balances are set to suffer their worst year since the Global Financial Crisis as higher interest rates dent share market returns. Australian superannuation balances are set to suffer their worst year since the Global Financial Crisis as higher interest rates dent share market returns Research group SuperRatings estimates balanced options in 2022 will suffer a 2.7 per cent …
Mum and dad investors including pensioners are facing big losses on their superannuation and savings, after investing in the largely unregulated "wild west" of cryptocurrency markets. Digital Surge bills itself as an "effortless" way for people to invest in crypto, including through their self-managed super funds. Sharon and Alan said they had "no issues" with Digital Surge until the FTX …
When Brett Clements got his first job at 15, he dreamed that, if he worked hard, he would be able to enjoy the fruits of his labour and retire at 40, but it wasn't to be. Key points: The Superannuation Association of Australia estimates a single person needs $545,000 to retire comfortably One million people who withdrew some of their …
Even before last week's market conflagration, the scene was looking ugly. After last week's gravity pull from rising interest rates, the rout on global stock markets has turned that bleak prospect into a painful reality. While Wall Street has been grinding lower since January, higher commodity prices — courtesy of Vladimir Putin's war on Ukraine — have kept financial markets …
