Australia joins huge Asia free-trade pact

Australia will become part of massive Asia-Pacific free-trade pact that covers half the world's population.

Regional leaders, including Prime Minister Scott Morrison, agreed on a 15-member Regional Comprehensive Economic Partnership at the East Asia Summit in Bangkok, Thailand.

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Source: https://au.finance.yahoo.com/news/australia-joins-huge-asia-free-trade-pact-195054325--spt.html

Investing for income or cashflow

These five great charts help illuminate key aspects of investing for income (or cash flow): there are alternatives to bank deposits for income; the gap between yields on different assets provides a guide to relative value; shares can provide stronger growth in income with less volatility than bank deposits; a high and sustainable income yield from an investment provides security; and yield is a guide to future returns.

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Reserve Bank governor says negative interest rates are 'extraordinarily unlikely'

Reserve Bank governor Philip Lowe says it is "extraordinarily unlikely" that Australia's economy will need to be stimulated by slashing interest rates into negative territory.

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Source: https://www.abc.net.au/news/2019-10-18/rba-governor-says-negative-rates-are-unlikely/11614818

How much superannuation is enough?

When you plan for retirement you will probably develop a financial plan intended to increase the amount you have for retirement. If you are on an average wage of about $85,000 p.a. before tax, you’ll need to save about 15 to 20 times that amount for retirement – about $1.3 to $1.7 million at today’s prices. You’re probably nowhere near that.

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Immensely rare Aussie banknote sets new world record at auction

An incredibly rare Australian 100-pound note has set a new world record at auction, with a private collector ultimately paying more than half a million dollars to own it.

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Source: https://finance.nine.com.au