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Finding the right balance between equity income and growth

Long-standing domestic equity manager Australian Foundation Investment Company (AFIC) has made significant changes to its $7.3 billion portfolio in a bid to find the right balance between dividend and capital growth. AFIC’s 2017-18 financial report shows that it had to

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What Australia’s top equity manager is buying now

After topping the Australian equity fund performance tables last year, Bennelong Australian Equity Partners has maintained its very strong track record with one of the highest returns for the financial year. While the fund maintains its focus on high quality

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Mortgage rate rises keep on coming

Bendigo Bank and Teachers Mutual Bank have joined the growing number of lenders increasing their home loan rates. Most increases are around 10 basis points but some are higher. Bendigo has increased the rate on owner-occupier principal and interest loans

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Poor credit management pushes more into insolvency

Excessive use of credit is the thing that gets most people into financial trouble, and the number having trouble managing their debts is rising. According to the Australian Financial Security Authority, there were 31,589 personal insolvencies in Australia in the

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ICOs a rewarding speculative play

Investors can make good short-term gains from investments in initial coin offerings, as long as they manage to avoid the scams and the failures, a new study has found. Researchers at Boston College’s Carroll School of Management found that ICOs

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Deposit rates fall

Commonwealth Bank and Westpac both cut interest rates on key savings accounts last week, in the latest move by banks to protect their margins in response to higher funding costs. While some banks are raising home loan rates to protect

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Online brokerage rates slashed

Online broker Saxo Capital Markets has thrown down the gauntlet to its rivals, slashing brokerage rates to as little as $6.99 a trade for Australian stocks. Saxo claims its new rates make it the most competitive broker in the market

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CRYPTO.com launches Visa debit trial

The market for payment cards linked to cryptocurrency accounts is starting to gather momentum, with the announcement by Hong Kong payments and cryptocurrency platform CRYPTO.com that it has launched a trial of two products that incorporate Visa debit cards. CRYPTO.com

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ATO updates crypto tax guidance

People who convert cryptocurrency to Australian dollars or other money may be liable to pay capital gains tax, according to new tax guidance The Australian Taxation Office has updated the information on its website dealing with tax and cryptocurrency. It

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Making cryptocurrency accessible

Cryptocurrency trading platform HiveEx has partnered with blockchain company Ivy to provide a service to process cryptocurrency into Australian dollars. The new service IvyPay will launch later this year, allowing customers to convert their cryptocurrency into dollars and have it

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Deposit rates fall

Commonwealth Bank and Westpac both cut interest rates on key savings accounts last week, in the latest move

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