This is by far the best forum I have visited for investment tips, guidance, and knowledge. I think we have really prop people here. I am new to the group and relatively new to investing. Gathering information and have been doing small things for a few years. Without wasting more time...
What are good international banks and bank-like things that would open accounts for Australians?
The problem with most of them is that while they look like international banks, in reality they still hold accounts in Australia (via Authorised Deposit-taking Institutions or ADI), and thus...
Financial Ombudsman Service (FOS) is it independent or is it controlled by a corrupt Bank?
FOS states on its website; “About us - what we do; The Financial Ombudsman Service provides accessible fair and independent dispute resolution for consumers and financial services providers".
Ater a dizzying ten years of the Austraian Big Four CBA, WBC, ANZ and NAB screwing their their customers to increase the returns of my self managed super fund which gets up to 8% on their dividends I have had a catharsis. ( look it up )
I believe the big four are in for a whacking.
Newbie here so go easy on me if my line of thinking is flawed as this thread develops.
Anyone looking at buying the banks yet? "Levy" to be passed on to consumers through fees so shouldn't hurt them too much should it? Guess the lending market has tightened up though so growth in that space...
Watch this documentary. Commonwealth's financial planners' behavior is absolutely appalling. Is it better today? Is regulation tighter today? I don't know because I manage my own money.
I have been trading mostly on stocks and am in the process of venturing into Installment warrants and Put MINIs to protect positions.
I have been told to be aware of the liquidity issue of Warrants and MINIs. I want to get into the 4 major banks, Macquarie bank and Woolworth. I am...
Looking at alternatives to esuperfund and so interested if anyone can share which banks they use for savings and transaction accounts or which banks offer a suit of products for SMSF with linked brokers, term deposits, online savings account etc.
Currently with esuperfund it’s a compulsory ANZ...
First post to share some news that I think should be discussed. Looking forward to being apart this forum also.
Please note that we are the "depositors" our personal savings accounts.
Full link here ...
Seems some poor fellow lost all his savings when a bank in Cyprus folded.
The story read as if the banks creditors took the money, is that correct ? and if so would that apply here ?
So who does owns your money in the bank, you or the bank ?
Help me settle this debate with my friend - I said that in Australia at least, when you transfer money electronically it's important to get the BSB and account number right because it will go through even if it doesn't match the name you have entered.
My friend thinks that the banks match the...
Ive $12.5k to invest long-term in shares (5-30+ years), ive pretty much settled on the big 4 banks. General advice, would you suggest spreading evenly over the 4 (and paying the brokerage fees), 50/50 or just put it all in one?
There has been a tendency for financial institutions to blame short sellers for a declining share price. I don't think that's accurate, which I will get into on another thread one day, but here is an example that disproves it.
HSBC, who I serendipitously bank with over here, happens to be a...
Something has always bothered me.
The media talks about bank shareholders as if we are one big homogenous group of people who care only about the bottom line.
I hold two banks - CBA and SGB.
However, I have a mortgage with the CBA. I for one would rather see an interest rate cut in...
ANZ has come out with great results however failed to match expectations for the second half causing the share price to plummet up to 3% today. What intrigues me is that NAB and CBA are up between 1.5-2%. This just doesn't make any sense to me.
Can anyone shed some light on this?