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The Australian Financial ReviewCensus 2016: Higher mortgages, older, and a less religious populationThe Australian Financial ReviewTotal dwelling ownership in Sydney dropped to 62.3 per cent in 2016 from 65.2 per cent five years earlier as both outright and ownership with a mortgage fell. Nationally, home ownership fell to 65.5 per cent since the last census from 67 per cent. In ...and more »
AOL UK'Hole in the wall' proving cash is still king on 50th birthdayAOL UKThe cash machine celebrates its 50th birthday on Tuesday - with the "hole in the wall" remaining a popular way for people to manage their day-to-day money half a century after it first appeared on the UK's streets. The world's first ATM was unveiled by ...The ATM at 50: how a hole in the wall changed the worldThe Conversation UKall 20 news articles »
Daily StarGlamorous posh schoolgirl 'who hid drugs in her bra' gets off without jail termDaily StarNow she's dodged jail thanks to the mercy of the courts in her native Australia. Ms Arbib admitted fraudulently obtaining money by stealing credit cards and other items. The court in Sydney previously heard how Ms Arbib fell into a downward spiral when ...
The GuardianMorning mail: Britain's new rules for EU citizensThe GuardianMany details of the new arrangement are still being decided but EU citizens would retain access to public funds such as pensions, though they would have to meet a minimum income threshold of £18,600 to be eligible to bring a spouse into Britain ...
Express.co.ukHow YOU could be losing over £100 per holiday due to THIS bank card trickExpress.co.ukSome debit cards can be worse than credit cards, despite what some holidaymakers may think. However, the true ... Prepaid card provider FairFX found that a huge £5 billion is lost by consumers every year due to bad rates and currency fees. Many of ...
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Homebuyers are cheering, but what about savers?

Interest rates down to 3.75% and at their lowest for almost 50 years - so there’s the expectation that mortgages will cost less too. But of course what applies to home loans applies to savings too – and savers are far from happy anticipating even less interest on their money.
Not so long ago when interest rates were low the answer was to invest in the stock market. Equity based investments like unit trusts, investment trusts, Oeics (open ended investments companies) bonds and stocks and shares all offered the chance of a better return.
But that was before all the recent uncertainty in the economy. Investors have always been warned that the value of their stocks and shares could go up as well as down but for several years that warning seemed irrelevant. And then the markets fell. Those who didn’t need to sell their holdings because they didn’t need the cash are currently sitting on investments of vastly reduced value – waiting for the market to bounce back.
And it will and that’s the best time to invest. But has that point has been reached? And in the meantime if you’ve got money and those bank and building society savings rates don’t seem very attractive what do you do?
Take advice. Talk to at least three financial advisers. Ask how they charge. Tied advisers get commission from the companies they sell for. Independent advisers may be on commission or may charge a fee up front. You may feel happier with advice that you’re paying for directly.
Think about how much risk you’re prepared to take. Generally the more risk you take the higher the returns if your gamble pays off. But of course the higher the risk the more chance you may lose money in turbulent times.
Think about how long you can afford to have your money tied up for. Investments of this sort are long term because in most cases charges for administering and managing them come out of initial payments so it takes some time to make any return.
How much can you afford to invest and at what intervals? Are you looking for income or for capital growth?
What you invest in depends on all of the above. If you want to be sure the capital you invest will be safe you could go for bonds such as Guaranteed Income Bonds. They’re issued by insurance companies and pay a fixed rate of interest for a fixed period and you’re guaranteed your capital back at the end. The interest is paid minus income tax. The Newcastle’s Capital Safe Bond is a 5 year fixed term account. The interest is linked to the performance of 4 stock markets around the world including the FTSE 100 and the Nikkei 225. The initial capital invested is guaranteed. The Guaranteed Property bond is a fixed term account linked to the housing market. If house prices keep rising your interest goes up. If prices fall your original capital is still guaranteed.
The most risky investments are shares in individual companies. If you put all your eggs in one basket you leave yourself open to the greatest risk. Spread the risk. Buy in several companies in different sectors so that if one company or sector does badly it may be balanced out by another doing better.
Investment and unit trusts and Oeics spread the risk. You put your money into a fund along with money from other investors. The fund is used to buy a spread of equities. Different funds offer a different mix of companies and sectors - some invest in property or in overseas markets. Because your money is part of a bigger pot the whole amount can be used to buy reasonable numbers of shares. The bigger and wider the spread the more the ups and downs of individual company market performances are smoothed out. The level of risk you’re taking depends on which shares the funds hold.
Whatever you do has to be your own decision. That’s why it’s important to take a range of advice and don’t invest in anything risky if you can’t afford to lose.
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