RBA Announcement

At it's meeting yesterday the board decided to leave the cash rate unchanged at 2.5%. They cited reasonable continued and consistent global growth with a positive outlook for next year and previous volatility having abated. Our dollar remains 'uncomfortably high' and the board expects that it needs to drop to achieve balanced growth.

Home Insurance

Top 5 insurance mistakes to avoid:

Yesterday I came face to face with a man who had lost his home in the Blue Mountains bushfires. His insurance had been paid in a week, including things he wasn’t even aware of such as 12 months’ rent. If only this was the status quo. He was a banker with quite a senior role for one of the majors, so no surprises he was adequately insured, but it sure does make you think.

For homeowners struggling to make ends meet, there are plenty of ways to reduce costs, but experts warn insurance shouldn’t be the first place to be looking to cut corners. To read our article on the top 5 insurance mistakes please follow this link....http://www.wilsonfinancial.com.au/1/post/2013/12/home-insurance-make-sure-you-are-aware.html

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