Empower Blog Property & Financial Investment

MyWealth Portal Tutorials : Income & Assets

In this tutorial, we're going to be focusing in on the incomes and the assets section of the MyWealth portal. And it’s pretty exciting because this is now where your dashboard is going to start to show some currency around all that information. So let's click on income and we move across here. (Note: Click here to log in to MyWealth Port...

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MyWealth Portal Tutorials: How to Log In

Editor's Note: MyWealth Portal rebranded to Moorr in July 2022. Hi Ben Kingsley here. In this tutorial video about MyWealth Portal, I'm going to teach you how to actually get into MyWealth Portal for the very first time. Now it's really easy. By now, you would have been sent an email and inside that email there's a couple of instructions. So...

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MyWealth Portal Tutorials : Personal Information and Goals

Good day, welcome to the first video in this tutorial series around organizing and setting up and becoming familiar with your new MyWealth Portal and then organizing your Money SMARTS system on it. What I thought was producing these short tutorial videos to help you understand how you can use the MyWealth Portal to implement your Money SMARTS ...

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RBA Cash Rate March 2020: The Coronavirus Spreads Right Across The Economy

Today, the Reserve Board met – and wow, it would have been a challenging and interesting meeting to be at for this March decision. Effectively, the market was pricing in at a 90% chance of a rate cut, and they got it. So the cash rate has moved by 25 basis points down to 0.5%. Now, there was already a fairly good argument as to why they neede...

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RBA Cash Rate – February 2020

On this first Tuesday of February as part of the new 2020s, the new decade, the RBA had a tough decision to make today. They had some really positive economic data flowing through from the end of 2019 that consisted of a really good unemployment story. It also said that retail spending had at a bounce in November, so that was positive. Ultimatel...

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New Features Introduced for Money SMARTS!

Good day, Ben Kingsley here, Managing Director of Empower Wealth and I am thrilled to be able to share with you one of the latest features we have on our MyWealth Portal, which is free for all of our customers and in fact, free for the public to use. And that is our Money FIT section. (Sign in to MyWealth Portal here: www.ew.moneysmarts.com.au)...

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Merry Christmas and a Happy New Year from the Empower Wealth Team!

Hi everyone and Merry Christmas to all! In this year’s 2019 Christmas message, I wanted to focus on a theme around financial peace. I mean, the year has been challenging for some —a bit of economic uncertainty, a bit of job uncertainty — but the bright spot in the second half of the year has definitely been the property market. And that hopef...

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RBA Cash Rate – December 2019

Today Governor Lowe and the reserve board met for the final time in 2019 and they kept the cash rate on hold at 0.75%. Now, in 2019 we saw three rate cuts. And for all of those people who love the data, what's interesting about that is between August 2016 and May 2019 — 34 months — the cash rate was on a hold at 1.5%. So they've definitely tri...

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RBA Cash Rate – November 2019

On this Melbourne Cup Tuesday in November, the Reserve Board met and they've kept the cash rate on hold at 0.75% — and that's on the back of stable unemployment. So we haven't seen unemployment deteriorate — in fact, it improved — but more about that later. And we’ve also had some commentary coming out of the Reserve Bank, in regards to ...

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Defence: The Secret to Protect Your Portfolio and Prevent The Worst From Ever Happening

Hi, Ben Kingsley here. In our best-selling book The Armchair Guide To Property Investing - How to retire in $2,000 a week we talk about the Property Investment Formula. This includes Asset Selection, Borrowing Power, Cash Flow Management and Defence. In this how-to video I'm going to take a deeper dive into Defence. When you think about defence,...

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RBA Cash Rate October 2019: Third Time Lucky?

Today Governor Lowe and the Reserve Board met for the first Tuesday of October and they've cut the cash rate.   Now, 75% of economists believed that this was going to be the case.  If you were listening to some of the commentary last week from Governor Phillip Lowe around his concerns in the market, it was pretty clear that he was signall...

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RBA Cash Rate September 2019

G'day and welcome to September and on the first Tuesday of this month Governor Lowe and the RBA Board met and they kept the cash rate on hold at 1%. Now, some punters might have been thinking, “Well are we going another 25% lower?”, but really most economist believe that's going to be next month. So I suspect the board decided not to spook t...

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RBA Cash Rate August 2019: Is it Time to FIX Your Rate?

Today Governor Lowe and the Reserve Board met and they kept the cash rate on hold at 1%. Now that's obviously on the back off two rate cuts that we sold in June and July, which took the cash rate down to 1%. So the consensus is that we needed to see some time to see what impact those two particular rate cuts have had in terms of confidence, sentime...

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