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Westpac

Sharemarket Wrap 6 March 2012

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Submitted by Financial Adviser on Tue, 03/06/2012 - 16:49

The All Ordinaries index lost 58.7 points to end the day lower at 4,295.5.   S&P/ASX200 lost 58.3 points or 1.37% to 4,204.7.  Yesterday we posted that actually expected this drop.  Read here  And if it does not drop by MORE than -1% tomorrow at the open I will eat my hat!

Sharemarket Wrap 16 Feb 2012

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Submitted by Financial Adviser on Thu, 02/16/2012 - 16:39

The All Ordinaries index fell 70.2 points to end the day 1.62% lower at 4,257.2.

Westpac made $1.4 billion after tax profit in 3 months

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Submitted by Financial Adviser on Thu, 02/16/2012 - 15:20

I personally find this amazing, especially if you read my last year's blog post here.

From Financial Standard:

Sharemarket Wrap 25 Jan 2012

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Submitted by Financial Adviser on Wed, 01/25/2012 - 20:26
The All Ordinaries index ended the day 42.7 points higher or 1.0% to close at 4329.1.
 
Atlas Iron Limited (AGO) ended the day 4.9% lower to close at $3.10 after lowering its output target for FY12 to 5.5-5.7mtpa, down from previous guidance of 6mtpa. This is due to adverse weather conditions arising from Tropical Cyclone Heidi.  
 

Westpac Overdraft NZ$10 Million Error Financed Gambling Fun

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Submitted by Financial Adviser on Sun, 01/15/2012 - 15:04

This is how it happened:

NetBank and internet banking online in Australia

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Submitted by Financial Adviser on Sat, 01/14/2012 - 22:56
Need NetBank Login? What is Netbank?

NetBank's History and Present

NetBank is CBA internet banking with over 5 million online banking customers. NetBank also offers mobile apps with a 100% security guarantee. Online banking allows to transfer and money,pay bills, review transactions, Bpay, etc.  
 

Mortgage Insurance Calculator Explained

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Submitted by Financial Adviser on Fri, 01/13/2012 - 17:20

Mortgage Insurance or Lenders' Mortgage Insurance (also referred to as LMI) is the insurance that a lender takes out in case you, the borrower,  default and they have to sell your property used as a collateral.  

Mortgage insurance is based on a projected shortfall between the debt amount and what lenders think they could get for your property. Mortgage insurance can also be capitalised into the loan. Mortgage brokers usually cannot apply for mortgage insurance contracts.  

Dividends or Cash rate?

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Submitted by Financial Adviser on Thu, 01/12/2012 - 21:12

What do Aussie banks pay in dividends?  Did you know you can invest in bank shares and warrants reducing tax on superannuation contributions and income?

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