EXPLOREMY LIBRARY
Business & Finance
Money Magazine

Money Magazine April 2020

Money magazine is Australia’s longest-running, highest-selling and most-read personal finance magazine. Money magazine provides credible, independent, easy-to-understand financial advice to help its readers save money and make the most of their investments.

Country:
Australia
Language:
English
Publisher:
Rainmaker Information Pty Limited
Frequency:
Monthly
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11 Issues

in this issue

1 min.
keep a level head

As we go to press, the Prime Minister has announced travel restrictions to help stem the spread of COVID-19. It’s a worrying time for all of us and we hope that everyone continues to take the necessary precautions to stay safe. March 16 will go down as one of the worst days in the markets since the crash of 1987. That bloodbath was considered hard to beat and here we are confronting the same prospects. But, as the saying goes, you never cross the same river twice. The 1987 market run and later the 2007-08 GFC were different from the health-related worries we face today. Judging by the immediate response from central banks, everyone is determined to use all the levers at their disposal to keep the economy going, the markets stable…

1 min.
side hustles help a family to survive

Your side hustle article brought back great memories (cover story, October 2019). As a teenager, my friend and I were always looking to supplement our meagre pocket money with various schemes. These included collecting bottles to cash in for deposit, pet sitting (which ended with us chasing an escaped goat through the streets of our small town) and breeding guinea pigs (foiled when we discovered they were both females). Throughout my life, finances have corresponded hugely with life events. My family were once reasonably well-off farmers, before being devastated by the drought and forced to sell up. After this, I found myself as a single mother and side hustles were an important part of my family’s survival. Successful ideas included entering competitions (I once won $10,000 through Money magazine, which paid…

2 min.
how ‘ethical’ investing punishes the poor

I read with interest the article “What If?” by Annette Sampson in your February issue, titled “Companies or funds that I invest in behave ethically” (page 70). I am concerned by your fascination for so-called “ethical funds”. In my experience, they support the status quo and prevent the poor from doing better. For example, coal. A perfect example is the Adani mine. Its coal will be used to help power the massive expansion of electrical infrastructure in India, allowing poor people to have electric light. The implications are staggering, including improved health care and nutrition and higher-paying jobs. I believe it is unethical to oppose such coal mines. I worked for a US oil and gas company once. Our regional office attempted to buy out several thousand slaves. The “king” of these…

1 min.
subscribe

Contact us To send a letter to the editor, write to: Money, Level 7, 55 Clarence Street, Sydney NSW 2000 or email money@moneymag.com.au For all inquiries and letters, please include name, address and phone details. Letters may be edited for clarity or space. Because of the high number of letters received, no personal replies are possible. How to get Money Subscribe to the print or digital edition, as well as our free weekly email newsletter via the Money website or: Online: magshop.com.au/ money-magazine Call: 136 116…

1 min.
what’s something you’ve always wanted but can’t afford?

ANNETTE SAMPSON Annette, who writes for Money, says: “I’ve always fancied swanning around in Boomerang (the Spanish Mission-style mansion in Sydney’s Elizabeth Bay) or one of the hillside palazzos in Florence. Though even if I could afford the asking price, I’d be hard-pressed to afford the upkeep. Or the servants!” SCOTT PHILLIPS Scott, Money’s Best in Breed columnist, says: “In what may be a sign of age, I’d love a big property in the NSW Southern Highlands, with a house right on top of a hill with a panoramic viewa. A bloke can dream.” VITA PALESTRANT Vita, who writes for Money about super, says: “Enough money to open doors to power because, let’s face it: money buys you access. And with that access, I’d lobby for a free and open press, tougher financial regulation, real…

3 min.
build a portfolio when it’s calm, before the next crisis

Well, this is rather uncomfortable. Like all humans, I am not particularly good with the unknown, even though over two decades I have often said in this column that global issues such as war, plague, investment madness and pestilence will always impact on us and markets. Going way back to the mid 1300s, it is estimated that up to 60% of the population of Europe died with the Black Death, or bubonic plague. The Spanish flu of 1918-1920 is estimated to have infected a bit over 25% of the world’s population, then some 1.8 billion. It is believed around 500 million were infected, with deaths of 40 million to 50 million, though some argue it could have been 100 million. If these numbers are reasonably accurate, while a death rate of…