by Nick Rainsford | 1 Nov 2015 | Business, General, Home loans, Investments, SMSF, Uncategorized
By the end of last week all four of Australia’s major banks had raised or were going to raise rates on housing finance. They were joined by – what was once – Australia’s largest investment bank. The rate rises are as follows: BankRate Increase ANZ0.18% CBA0.15%...
by Nick Rainsford | 1 Nov 2015 | Business, General, Investments, SMSF
As we head into Melbourne Cup week when we all hope to be picking winners – traditionally the end of the year and the beginning of the festive season – I thought it would be worth reflecting on the businesses that could have been if governments had decided to pick...
by Nick Rainsford | 18 Oct 2015 | General
When I was a humble bank employee (around six months ago), I practiced the politically correct rules that an employee of a bank must if he is to survive in the 21st century. As politically incorrect rules didn’t exist. Whilst rules made me follow a code of...
by Nick Rainsford | 4 Oct 2015 | Business, General, Home loans, SMSF, Uncategorized
It’s amazing what you get used to. What was once abhorrent to us becomes normal. As a young idealist you may have once said that I will never work in a dead-end job. However the realities of life force most of us to compromise those hard and fast ideals and settle for...
by Nick Rainsford | 6 Sep 2015 | Business, General
It’s not you it’s me…not a good break-up line right? Unless you’re George Costanza. What if I told you that it is now a strategy for some lenders. In fact it has been deployed many times but more flagrantly since the GFC. Cast your mind back to...
by Nick Rainsford | 29 Aug 2015 | Business, General, Investments
This article is about the street interest rates that an increasing number of non-PAYG business owners and people without security pay. Most banks have equated these otherwise customers to financial lepers and thus excluded them from accessing their balance sheets....
