Money management tips during times of recession

Highlights: A bear market is a time when investors should exercise great control over the handling of their portfolios. One should avoid the herd mentality during a downturn. Frenzied selling during a bear market is not advisable. Investo...

Young adults, who have just started earning are often a carefree lot, with many of them having a casual attitude about money. Although it is not right to tar everyone with the same brush. Some of them innately have money management skills, in fact,...

It could be a bad time for new retirees as the economy slows down and the market tumult is at its worst. Plummeting stocks and bonds coupled with four-decade-high inflation has made it worse for people who have retired in 2022. The “sequence...

Highlights First save than spend, says Warrant Buffet. This is a sure-shot way to create wealth. Always look for ways to cut corners, allowing more savings each month. Always keep aside a certain amount of your salary every month before paying...

Highlights Capital Gains Tax (CGT) is a tax charged on the gain made while disposing of assets. Tax experts are urging Britons to make the most out of Capital Gain Tax allowance before the deadline of 5 April as CGT bills are set to rise. ...

Highlights A stapled super fund is a super account that follows you whenever you change jobs. This prevents you from having multiple super accounts following you throughout your career. New rules brought in last November mean that if you change...

Highlights Passive income can help you with extra cash without actively getting involved in a business. It saves you from taking on extra responsibilities which come with active participation in a business. Such an income can be only achieved ...

Highlights: The Sydney housing market has got to the point where first home buyers need to save at least AU$100,000 to buy into a market like Sydney. In most cases, banks offer a joint loan, meaning both parties are paying back one loan as oppo...

Highlights The Lifetime ISAs allow investors to save £4,000 a year without any tax on it. There are four types of ISAs that include Stocks and shares ISAs, Cash ISAs, Innovative Finance ISAs, and Lifetime ISAs. Individual Savings Acc...

Highlights Emerging from a two-year long pandemic has presented a laundry list of problems, not the least of which is rapidly rising inflation. With high inflation come rising interest rates, which leave Australians scrambling to stash their mo...