The challenge begins
Article Abstract:
In Australia, Teenage Investor Challenge is causing four 15-year-olds to figure out how to invest A$15,000 each, over a five-year period. Another A$15,000 is being split by twin sisters. At the end, the teens get to keep the money. The program is being set up by the magazine Personal Investment. The teens are to meet with financial planners and the money is to be placed in a suite of managed funds from fund managers First State, Macquarie, Rothschild, Advance, and BT. Most of the teens have at least part of the money in a balanced fund and are looking into diversification.
Publication Name: Personal Investment
Subject: Personal finance
ISSN: 0813-2992
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Smart moves for the silly season
Article Abstract:
The 1998 stock market saw unparalleled volatility because of the Asian financial crisis, political unrest in many parts of the world, the Russian economic crisis, and Brazilian economic unrest. Although many investors in Asia, Latin America, and Russia experienced significant loss, Australian, European, and American investors have seen their portfolios grow as interest rates continued to fall.
Publication Name: Personal Investment
Subject: Personal finance
ISSN: 0813-2992
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Too many eggs in housing
Article Abstract:
An Australian couple has concentrated all their money in residential property, creating unnecessary risk by putting all their financial eggs into the residential property basket. They are advised to take out income protection insurance, to reduce their non tax-deductible home loan and to borrow money for investment in shares.
Publication Name: Personal Investment
Subject: Personal finance
ISSN: 0813-2992
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The conscientious investor. Sisters make it for themselves. ASIC unleashes watchdog
- Abstracts: The thrill is gone. Strict rules on vesting
- Abstracts: The king falters. Time for check-up
- Abstracts: Danger - S-bend ahead. Keep your eye on the signposts. Too early to forecast Asia impact
- Abstracts: Gearing not for everyone. Credit where it's due. Fast track to a fortune