Open banking is giving Australians the ability to share their banking data more securely and with fewer hurdles, but can it save people money?

This week on the Friends With Money podcast, Money’s Tom Watson is joined by head of product management at Frollo, Kris Davant, to explore the possibilities of open banking.  

1. What is open banking?
2. How is open banking data kept private and secure?
3. How can Australians save money through open banking?
4. What will we see from open finance in the future?

#friendswithmoney #openbanking #tomwatson #krisdavant

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Global tensions in the Middle East have raised concerns that oil costs could spike, possibly doubling in price in the coming months.

How will this affect the cost of living?

This week on a bonus episode of the Friends With Money podcast, Money's Michelle Baltazar chats with Shane Oliver, Head of Investment Strategy and Chief Economist at AMP, about the predicted rise in oil prices as the Israel-Hamas conflict intensifies.

#friendswithmoney #costofliving #oil #shaneoliver #michellebaltazar

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Wondering if your investment strategy should be geared towards income, growth or both?

On this episode of the Friends With Money podcast, Money's Tom Watson is joined by Adam Smith, chief executive at Saxo Australia, to discuss the pros and cons of growth and dividend stocks.

• What are growth and dividend stocks?
• Is it possible to have the best of both worlds?
• Does one come with more risk than the other?
• Can ETFs provide exposure to high growth or dividends?

#friendswithmoney #investing #tomwatson #adamsmith

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How much money do you need to retire?  It's a question we get a lot here at Money Magazine - I mean a lot!

The latest numbers are out from The Association of Superannuation Funds of Australia (ASFA) on how much you need in your super account to retire well.

This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Virgin Money Super's general manager, Christopher Sozou, about the facts and figures of retirement.

• Contributions vs earnings
• Is super a good investment nest egg?
• What's the magic number needed to retire?
• What if I don't own a home?
• Accumulation vs pension phase
• Where to get advice?

Links:

• virginmoney.com.au
• superannuation.asn.au

*Our thanks to Virgin Money Super for sponsoring this podcast

**Figures quoted in the podcast are updated frequently on the ASFA website

#friendswithmoney #supernumbers #michellebaltazar #virginmoneysuper #virginmoneyau

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There are a lot of myths and preconceptions when it comes to retirement.

Regardless of age, you can put into action a plan today that will help you achieve your goals and live an epic life.

This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Author, Rebecca Wilson, about living your best life and future retirement.

• Retirement is just for old people, right?
• Money for nothing (for not much effort)
• "C" is for...?
• Plan and prepare

Book giveaway (limited copies): https://www.moneymag.com.au/win/how-to-have-an-epic-retirement-book-bec-wilson

Question: Tell us your favourite tip that Bec Wilson shared on the Friends With Money podcast?

#friendswithmoney #retirement #michellebaltazar #becwilson

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Is it worth paying for financial planning, or can you do it on your own?

A Financial Adviser can be quite costly, and do you get value for your investment?

This week on the Friends With Money Podcast, Money's Michelle Baltazar chats with David Sharpe, Financial Adviser and the Chair of the FAAA, about the myths and benefits of getting help planning for your future.

• Does financial planning lack objectivity?
• Is it worth it?
• Is planning just for retirement?

#friendswithmoney #financialplanning #michellebaltazar #adviser

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Website: https://moneymag.com.au

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In this special bonus episode of the Friends With Money podcast, Money's Michelle Baltazar chats with Alex Moffatt, Director at Joseph Palmer & Sons, about the adverse effects of the war in the Middle East on the stock market.

#friendswithmoney #warvsthestockmarket #michellebaltazar #bonus

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Website: https://moneymag.com.au

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Should you be investing in the U.S. stock market?

This week on the Friends with Money podcast, Money's Michelle Baltazar chats with Tim Townsend, Professional Financial Advisor and a founding partner of Townsend Cobain, about the value of diversifying your portfolio by investing in the U.S. market.

• Why invest in U.S. shares?
• What should I be looking for?
• Are ETFs a good investment?

#friendswithmoney #investing #michellebaltazar #usstocks

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Website: https://moneymag.com.au

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Today, it's relatively easy to start investing in stocks (you can even use a free app!), but roughly 49% of Australians have decided not to.

Many have concerns about owning shares and are fearful they will lose everything or that they are not qualified to invest.

This week on the Friends With Money Podcast, Money's Michelle Baltazar chats with Brendan Doggett, the Country Manager at Sharesies Australia, and together they bust the myths of investing.

• The risk of investing
• Is it difficult to buy shares?
• Do I need to take a course first?

#friendswithmoney #myths #michellebaltazar #brendandoggett

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Website: https://moneymag.com.au

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After a woeful 2022 bonds appear to be making a comeback with investors. But how do they work, and what role do they have in a portfolio?

This week on the Friends With Money podcast, Money’s Tom Watson is joined by chief executive of micro-investing app Blossom, Gaby Rosenberg, to drill into the fundamentals of fixed income and bonds.

• What do we mean by fixed income?
• What factors influence the price of bonds?
• How have bonds performed in the short and long-term?
• What role can fixed income play for investors?
• How can investors purchase bonds?

#friendswithmoney #fixedincome #bonds #tomwatson #gabyrosenberg

Listen on Apple Podcasts: https://apple.co/3mV0Cbr  

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Website: https://moneymag.com.au

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