Author: Riches Editor
Hi, everyone!Welcome to this session of the Tiger Academy, “Five Important Practical Points for US Stocks.” We’re moving on from “Investment Basics” to “US Stocks Investing” In this lesson, I’ll show you the five important things you need to know about trading stocks in the US. 1.Ticker Symbols for US stocks. Did you know that the code system for each of the stock markets in the US is different, and that company codes are generally formulated by the listed company itself? Using 2, 3, 4, or 5 letters, depending on the exchange, a company tries to create a stock code…
Improving your finances is a common New Year’s resolution, but many people struggle to achieve their goals. Research from October 2023 found that although 72% of 27 to 34-year-olds have financial goals, 33% are falling behind. The key to success is setting SMART goals: specific, measurable, achievable, relevant, and time-bound. Vague goals like “spend less” or “save more” won’t cut it. Here are five simple goals to help you shape up your finances this year: By setting clear goals and taking practical steps, you can take control of your finances and work towards a brighter financial future.
New research shows Gen Zs are feeling financially stressed, with high levels of debt including Buy Now Pay Later use. New nationwide research released by ASIC’s Moneysmart program today shows for seven in ten (68%) Gen Zs, finances are a major cause of concern, more than any other age group (57% of non-Gen Zs). Faced with rising cost of living, 82% of Aussie Gen Zs, representing Aussies aged 18 to 26 years old, feel financially stressed, but are twice as likely as other generations to want to better manage their finances as a response. Encouragingly, nine in ten Gen Zs have a…
ASIC recently looked into how superannuation funds and financial advisers handle investments in super and communicate with members and clients about their super performance. Their findings show that there’s room for improvement in both areas. According to ASIC’s research conducted in late 2023, nearly 3 in 10 Australians only check their super’s performance once a year or never at all. That’s why it’s important for people to start paying more attention to their super. If your employer pays your super into the fund they chose for you, you probably have a MySuper account. MySuper accounts generally have low fees and…
As we bid farewell to 2023 and welcome 2024, it’s a perfect time to reflect on our progress, reassess our goals, and plan for the year ahead. Whether you’re sharing finances with a partner or not, setting practical goals in various life areas – Fitness, Family, Fun, and Finances – is the key to personal growth and fulfillment. The year that was 2023 had its share of challenges, notably the rising cost of living and increased interest rates. Many of us grappled with these economic pressures, striving to make ends meet and adapting to changing circumstances. How did this situation…
Despite the cost of living and interest rate realities, many Aussies will find that 2024 brings new financial opportunities. As pay rises and job changes deliver higher incomes, it’s crucial to make smart choices with your new take home pay. These choices can pave the way for real progress rather than being absorbed by unintentional spending. The concept of lifestyle inflation is worth exploring. It can either be a stumbling block or a stepping stone towards a brighter financial future. What is Lifestyle Inflation? Lifestyle inflation is falling into the pattern of increased spending as your income rises. Picture this:…