Have you ever wondered how an investment snowball?
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Sharing our journey, opinions and thoughts on finance.
Gold has a rich history.
Long before paper money and credit cards, gold was used as a form of currency and a symbol of wealth. The first use of gold as currency occurred in the late 8th century BCE. We’re in the 21st century, and the yellow metal still plays a vital role in the orderly function of markets and commerce.
Gold has been used in the past as a hedge against rising inflation. When the 2007-08 Global Financial Crisis hit, the prices of gold soared. Reason? Investors considered it to be an attractive option to store wealth.
I get asked to write for Adviser Ratings in the “Ask an Adviser” section from to time to time, where anyone can ask a question and I will be answering them. This one was a question asked by a Kate from Fremantle about the positives of a pandemic. The original article was published here.
As a young person/mid lifer accumulating super and whose retirement is some way away… What are the positives of this market fall and how can I ensure I am positioned to benefit from the growth post COVID 19?
Kate in Fremantle
Top answer provided by: Nicole Niu
The COVID-19 pandemic is not going to end soon. Fear and anxiety have skyrocketed, people are scared, anxious, depressed, on edge and struggling to sleep through the night.