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Day: May 13, 2013

Why interest rate cuts are bad news for all of us

Call it Tron, call it Narnia, call it Wayne’s World if you want. But for sure, last week we entered an economic dimension none of us have ever actually been to before. Official interest rates below 3 per cent. They haven’t been there for 53 years. Only those aged 70 or over, who had a […]

How much money will your generation need for a comfortable retirement?

COMFORTABLE?! Who wants “comfortable”? Raise your hand if exceedingly average, mundane and boring appeals to you? No-one? Right, let’s get real. Let’s substitute “comfortable” for … “obscenely wealthy”. Gen Xers, aim for ridiculously lavish. This is where you spend and splurge the equivalent of Fiji’s gross domestic product annually. Sometimes maybe even in Fiji, but […]