A Random Person’s Random Investments

March 30, 2008

Bank Deposits not protected by government in Australia

Filed under: General — arandomperson @ 1:36 pm

I haven’t been able to find any definitive word on what protection banks offer to peoples savings in Australia – now it looks like not much:

Link: Is your bank deposit safe? No – but it could be

For a long while I presumed they were, mainly from reading US and UK info on banking, where bank deposits are protected, at least up to $100K in the US, or 35K pounds in the UK. But now it seems clear there is no despit insurance for Australian banks.

March 10, 2008

Australian share market still ramping down

Filed under: General — arandomperson @ 11:17 pm

Though I have a buy and hold policy time to stop buying parcels of shares every so often and just put some cash into the margin loan to keep the LVR on an even keel until it settles down a bit while I focus on boring house hunty stuff.

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