On Wednesday October 29, 2008, the U.S. Fed has cut rate again by .5% to reduce the Fed rate to 1%.  The DOW responded prematurely in anticipation of this rate cut and bounced up almost 900 points on Tuesday.  The DOW closed at a .82% loss on Wednesday October 29, 2008.  What’s the go with [...]

If you would prefer to take matters into your own hands with a DIY Super program, you might want to take a look at RaboPlus.  At 7.10% pa and to be awarded with a AAA credit rating by Australia’s ‘Standard & Poors’ you can rest assured that you’re in good hands as far as a [...]

Superannuation analysts are predicting super funds will have fallen 15 percent for the year, by the end of October.  In the year to September balanced funds were down about 12 per cent.  It is the first time there has been four consecutive quarters of negative returns since the compulsory scheme was introduced in 1992.
Managing Director [...]

In looking for the best value for money in listening to pensioners that say “Help me SAVE MY SUPER!” we’ve been researching very thoroughly.  What we’ve found is that Virgin Money - Virgin Super is one of the top ranked consumer super funds programs.  There are probably a very good reasons for this and we believe [...]

GE Money Australia, one of the nation’s biggest financiers, will no longer offer small business finance, motor finance and third-party mortgages.
 
Last week the company said in a statement it will no longer offer certain services and will make 335 jobs redundant within 12 months. It will also scale back New Zealand operations.
 
“This is a result [...]

Fears that the market would chase Wall Street down have been alleviated this morning as the market dipped before recovering. While the market fell close to 3760 points at 11.30am AEST, it recovered to 3844.1 points at 12.34pm.
 
The Reserve Bank also stepped in to support the Aussie dollar in Europe last week, an intervention the bank [...]

With the daily news getting worse and worse about what is happening on the global finance markets, it’s about time that a website gather and publish free information for Australians that say “Save MY Super!”.