July 2019 Monthly Wrap-Up
Your monthly dose of finance, along with the latest How To Money articles and podcast episodes!
Alright alright, I’ve talked enough about tax these last two months to last another year - but if you’re still looking for info check out our new article and podcast on the topic below, and our resources in the June wrap-up. Another big month for our Australian stock market as it hit a 12-year high, and interest rate cuts are prompting Aussies to move money out of term-deposits and savings accounts. Just a quick reminder that if you’re saving for a short-term goal, don’t let lower interest rates move you into an investment that’s not right for you!
I’ve spent a lot of time this month learning more about ETFs and the launch of CommSec Pocket coincidently coincided with that. Democratising Australian investing is definitely something that I think is important, and the ability to buy 7 different ETFs (shown below) in your own name from $2 per parcel up to $1000, makes it much easier to get started.
There was some criticism on the ETF choices, as they aren’t necessarily the best available when it comes down to management fees, but if you’re looking to dip your toe into the water it’s a good place to start. I really hope other large providers with the ability to launch similar products do so, providing a greater variety of options to young investors getting started.
Aussie Top 200: IOZ iShares Core S&P/ASX 200 ETF
Global 100: IOO iShares Global 100 ETF
Emerging Markets: IEM iShares MSCI Emerging Markets ETF
Aussie Dividends: SYI SPDR MSCI Australia Select High Dividend Yield Fund
Tech Savvy: NDQ BetaShares NASDAQ 100 ETF
Sustainability Leaders: ETHI BetaShares Global Sustainability Leaders ETF
Health Wise: IXJ iShares Global Healthcare ETF
This month on How To Money we had two fantastic guest posts on sorting out your tax return and the basics of ethical investing.
We also published two brand new episodes on the How To Money Podcast on tax return basics and kicking goals with your home loan. Check these episodes out on Apple Podcasts and Spotify.Â
On the Australian Finance Podcast, Owen and I talked about picking Australian ETFs, taking control of your financial future and answered a handful of great listener questions (which you can send our way at any time)! Available on Apple Podcasts, Castbox, Youtube and Spotify.
Interesting Articles From Around the Web
If you’re interested in learning more about money and personal finance, catch us on the How To Money podcast which you can find on iTunes, Spotify or via our online web-player.
Follow us on Twitter @HowToMoneyAUS, and on Medium at How To Money Australia.
Until next month,
Kate — HTM Founder & Editor
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