redbaron Posted April 1, 2013 Share Posted April 1, 2013 http://www.infochoice.com.au/banking/savings-account/rams/rams-saver/24819 I like the idea that I can spend my days and nights doing something other than scouring rows of data on a laptop, but that's just me. For some, I suspect that the prospect of Forex or share trading is as much about finding something to fill in their days when they retire - fortunately, I've discovered fast women and slow horses. Thanks for that link. Are those Gov't. insured accounts ? Is it the same as the USA, where the FDIC will always pay back your money if there is a problem? No - RAMS is a non-bank lender and not covered by the Federal Government's Guarantee scheme from what I can see on this page: http://www.guaranteescheme.gov.au/guaranteed-liabilities/ I don't believe this scheme was ever designed to do anything more than assure Australians with bank accounts that they weren't going to wake up to the same headlines as those seen in the UK, Ireland and Europe. Any investment - however 'low risk' - needs to be researched thoroughly. I posted that link after someone mentioned earlier that his friend is getting 5% pa in Oz - when the Bank of England is no longer seen as 'impregnable', I dont see any investment as 100% risk free. According to RAMS they are guaranteed http://www.rams.com.au/savings-account/ Their FAQ's state that since their savings accounts are issued by Westpac they are covered. Westpac bought RAMS out a few years ago. When I opened mine, Westpac assured me it was covered, and I did all my ID etc at my local Westpac Branch. Link to comment Share on other sites More sharing options...
BlackJack Posted April 2, 2013 Share Posted April 2, 2013 any truth to the rumor that when the Spanish G Bonds hit 6% there will be a financial melt down that will eclipse the last one? http://www.bloomberg.com/quote/GSPG10YR:IND Spanish government bonds yielded for decades between 12 and 16% before adopting the €UR without causing a melt down. Pre EURO was different Link to comment Share on other sites More sharing options...
Naam Posted April 2, 2013 Share Posted April 2, 2013 any truth to the rumor that when the Spanish G Bonds hit 6% there will be a financial melt down that will eclipse the last one? http://www.bloomberg.com/quote/GSPG10YR:IND Spanish government bonds yielded for decades between 12 and 16% before adopting the €UR without causing a melt down. Pre EURO was different pre-x did always differ compared to post-x. but who's the guru predicting a melt down if >6%? Link to comment Share on other sites More sharing options...
jcnbkk Posted April 15, 2013 Share Posted April 15, 2013 (edited) Something I've been wanting to look into. Anybody willing or able to provide sites or sources where they got their primer on stock/bond markets and online investing? PS Please don't offer to invest if I just send you 1M..... Edited April 15, 2013 by jcnbkk Link to comment Share on other sites More sharing options...
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