Wallet Wizard Review

wallet wizzard review
Chances are you have seen a Wallet Wizard commercial or loan advert. Maybe even heard about it from friends. Perhaps you didn’t know what exactly Wallet Wizard is or you want to know more about it.

Well you just came to the right place.

Reviewing Wallet Wizard

Wallet Wizard – whose parent company is Credit Corp Financial Service – is an Australian financial institution. It specializes in loan provision services to borrowers in need of extra credit to meet their demands.

Just like any other loan providers, Wallet Wizard charges interest on the loans they offer.

Application for a loan from Wallet Wizard can only be done online.

This is because they don’t operate bank branches.

When unexpected expenses or emergency needs come your way, you may consider taking a loan. If you are looking at the Wallet Wizard direction but you aren’t entirely informed about it, worry not. This article has got you covered, just don’t set your eyes off it.

Be it TV commercials or magazine adverts, most lenders don’t paint the whole picture about the services they provide. Usually it is because they don’t want to disclose some details. More so, those that may turn the customer’s eyes off the sweet deal.

All the same, this article takes care of that. Let’s get to it then.

How Wallet Wizard works

Wallet Wizard not only provides loans but also offers prepaid cards to customers. You can borrow any sum of money ranging between $500 to $5000 from Wallet Wizard. It all really depends on your needs.

The Annual Percentage Rate of loans from Wallet Wizard was set at 47.8% starting on the 08th December 2016.

personal loans

A while ago Wallet Wizard discontinued their small cash loan services. At the moment, they offer Smart loan product services.

Wallet Wizard does credit history assessment while approving loans. However, an individual with a bad credit history can still apply and get a loan. Customer services are provided all day, each day of the week (24/7). You can reach them through Wallet Wizard’s contact number or email address available on the website.

Wallet Wizard refers to the personal loan they offer as ‘Smart loan’. Applying for the loan through their website is easy and quick. Also, they allow cash redraws. With Wallet Wizard, you don’t incur establishment, ongoing or service charges. Instead, they charge high interest rates for the loan. This way, Wallet Wizard doesn’t make losses. After all, it is a financial institution and losses are bad for business.

Enough of the overview lets dig into the flesh of these Smart Loans.

Wallet Wizard Smart Loans

Wallet Wizard smart loans range between $500 to $5000 and attracts interest at the rate of 47.8%. Loan access time after application is averagely 3 hours (on business days). However, it depends on the time of contract acceptance. The loan term period is up to 2 years.

The application process itself is a few minutes task. If your loan application is successful, you’ll have funds transferred to your account. As you use your loan, you’ll see your available balance.

Available balance is usually the amount you owe Wallet Wizard. You can easily calculate your available balance. It is the difference between the credit limit and credit account balance.

Wallet Wizard, on top of quick loans, affords you

  1. Advice and recommendations, should you want to invest part or all of the borrowed amount
  2. Redraw access to your available credit
  3. Security and privacy to your loan information such that only you can access your data
  4. Additional customer support services if you have inquiries that can only be answered in person (during Wallet Wizard business hours)

Even with bad credit Wallet Wizard can still offer you the help you need. This is because the approval criteria used doesn’t consider the credit history of the applicant. Instead, it considers the financial situation of the applicant. Wallet Wizard will calculate the maximum loan amount you can apply for with bad credit.

Wallet Wizard uses a system where all the applicant’s information is processed quickly to determine if they can get a loan. The system, Smart loan engine, is fast. In some rare cases, however, it takes a little while longer. For instance, if there are extra bits of information to be assessed.

In case you can’t make the repayment on time, get in touch with Wallet Wizard through their contact number (1300 925 538). A mutual agreement will then be reached on how to go about it.

Features of Wallet Wizard Smart Loan

  • Loan repayments are debited directly from your account on the scheduled dates. You are given notice three days before the due date through your email or text message.
  • You can still make additional payments if you so wish without being charged. This will help you clear your loan quickly
  • Through the member’s area, you can order a Wallet Wizard card. The card allows you to access your funds easily.

Pros of getting a Smart Loan from Wallet Wizard

Once your loan application is approved and successful, you will get the money you needed. The money is deposited in your account. Here are the benefits of choosing to get a loan from Wallet Wizard:

  • The loan repayment term for Smart loans from Wallet Wizard is long (up to 2 years). This allows you to make little payments spread over the term as you clear the loan.
  • Wallet Wizard gives you access to redraw your funds.
  • The least amount you can borrow is low, $500.
  • You can make additional payments on top of the scheduled payments.

Cons of Wallet Wizard Smart loan

  • Wallet Wizard Smart loans can only be applied online through their website. As such, there is no branch physical access.
  • Since Wallet Wizard doesn’t impose charges like establishment and service, they charge very high interest rates.

Smart Loan Eligibility

To qualify for a smart loan from Wallet Wizard, you have to meet some requirements. You have to:

  1. Be a permanent resident of Australia
  2. 18 years of age or older
  3. Be receiving steady income

You can still apply for the Smart loan if you receive Centrelink benefits. Current or discharged bankrupts are also eligible to apply.

Wallet Wizard loan application process

You can apply for the loan once you meet the eligibility criteria. Below is a guide.

Wallet Wizard smart loan application can only be done online. Thankfully don’t have to worry about long queues, boring meetings or tedious paperwork.

Head to the Wallet Wizard website and slide on the Wallet Wizard loan calculator the amount you wish to borrow. Proceed to fill in the application form that will be presented to you.

Wallet Wizard requires the following information to approve your loan

  • Legal name, contact number, and date of birth
  • Residential address
  • Identity details

You will also be required to provide a copy of your bank statement. It will be used to approve your loan request. Submit the loan application form once you have completed filling in all the required details. Wallet Wizard will review your application using the Smart Loan engine and get back to you.

The approval process only takes a few minutes. However, if there are additional details to be checked and verified, the process might take more minutes.

Wallet Wizard will set a credit limit and a payment schedule that suits you using the information you will have submitted. You will be provided with a contract if your loan application is successful. Read keenly through the contract as it contains all the loan details including repayment terms, fees, and charges. Make sure you don’t miss a thing especially concerning the charges and terms.

Getting the money transferred to you

If you are comfortable with the contract go forward and accept it. Wallet Wizard will transfer the money to you within 60 minutes or the next business day depending on the time you accepted the contract.

For instance, if your loan approval and contract acceptance happen before 2:30 PM (Sydney time) during a business day, Wallet Wizard will do the transfer within an hour. On the other hand, if the contract acceptance is after 2:30 PM (Sydney time) or outside Wallet Wizard business hours, the transfer will happen on the next business day.

Smart loan Repayment

Wallet Wizard sets terms that suit you based on the information you provide. They make certain that the repayment plan is in line with your income in order to avoid a financial burden on you.

Three days before the repayment scheduled date, Wallet Wizard will send you a Statement of Account. On the due date, the repayment amount is directly debited from your bank account.

Sometimes not everything works out perfectly when repaying the loan. For various reasons, you may be unable to make your scheduled payments on time. If you find yourself in such a fix, contact Wallet Wizard ahead of time.

Through Wallet Wizard you can quickly get the credit you urgently need. However, it’s advisable to consider other options beforehand.

How To Buy Samsung Stock

When it comes to electronics, Samsung is one of the most recognized brands in the world. It is no surprise that Australian investors are looking for ways to buy Samsung stock.

buy samsung stock

At the same time, it is important to understand that this process isn’t quite as cut and dry as it may seem. So, to be fully aware of what you need to do to be a part of such a process, consider all the information here:

What is Samsung?

The Samsung Group is a South Korea-based company that was first founded in 1938.

This mighty conglomerate had humble beginnings, starting off as a trading company.

Over the years, though, Samsung diversified and these days, it is best known for its electronics. However, the company is also involved in construction, insurance, defense, advertising, and more.

It is one of the most significant companies in South Korea and is actually responsible for one-fifth of the country’s total exports.

At any given time, the company handles a number of different projects in a variety of sectors. As such, its annual revenue numbers in the billions.

Another notable feature about this company is its patents. As of 2015, Samsung was the holder of the largest number of patents. The company is most known for its smartphones and television models. These devices have continuously topped best-selling lists numerous times over the years.

Ways to Buy Samsung Shares in Australia

If you wish to buy shares in the Samsung company, there are two main ways to do this:

  • Registering and trading on the Korean Exchange (KRX)
  • Trading Samsung CFDs

Buying and trading Samsung shares aren’t quite as simple as one would imagine. This is because the only way to do so is on the Korean Exchange. Therefore, you will need to open up an international trading account before you can make any purchases. Not to mention, you may require a license as well.

Even if you do go down this route, you will be faced with another challenge: money. Understand, Samsung is one of the most heavily traded companies in the world. As such, the costs of shares are quite high as well. To be able to make a decent profit, you may have to invest more than you have.

It is these issues that make many people turn over to Samsung CFDs instead. When you engage in CFD trading, you aren’t actually buying a stake in the company. Instead, you are simply buying a CFD certificate from a CFD provider. Therefore, you are just required to find yourself a well-reputed broker like etoro.

The main benefit of buying Samsung shares in this manner is that it allows you to open up a much larger position. As mentioned, Samsung shares are quite expensive, by themselves. However, with CFDs, you only have to pay a percentage of the total cost.

Where to Buy Samsung Stock in Australia

When buying Samsung stock in Australia, the first thing you will need to do is to find yourself a broker. It is here that you will place any trades related to these shares. As you can imagine, this is a rather significant decision to make.

This is why it is best for you to go with the often recommended etoro broker. The site has been around for quite a while and offers up some of the best platforms on the market. With these globally acknowledged platforms, you will find it incredibly easy to open up and close positions on the market.

What really puts etoro ahead of the competition, however, is the concept of social trading. This broker offers you the chance to watch, copy, and learn from some of the best traders out there. Thus, you are in the best possible position to make a sound trading decision.

Another perk of this broker is that it is incredibly reliable. Etoro is licensed and regulated by both the CySEC and the FCA. Therefore, you can trust that this broker provides trades and services that are completely above board.

These are the features you should look for, should you wish to go with a broker. Keep in mind that you need to select a site that is trustworthy, has plenty of useful features, and can show that it has been profitable in the past.

The above is what you need to know regarding how to buy Samsung shares in Australia. With all this information, you will be better informed of which direction you should move in. In turn, you should find it a lot easier to invest wisely in Samsung shares and make a greater profit.

Why Buy Samsung Stock?

There are quite a few companies to invest in at any time and many of them are currently performing quite well too. This brings you to the question of why you should invest in Samsung stock. Well, these are the top reasons, in short:

  • Excellent revenue
  • One of the most notable names in tech
  • Considerable diversification
  • Plans for continuous growth

At last check, the Samsung revenue was estimated to be over $200 billion dollars. As you can imagine, even a minute portion of this kind of profit can grow your investment quite a bit. While Samsung has faced some inconsistent performance over the last few years, it has nevertheless continued to maintain a stronghold on the market.

samsung stock

What many investors forget is that Samsung has managed to protect itself from many downturns quite a bit, thanks to diversification. Although most people recognise the brand for its contributions to the electronic sector, its reach goes far beyond that. So, even if the company were to underperform in one industry, it would still be making a profit in another.

Perhaps what really puts Samsung ahead of the competition is that the company’s plans for the future. As the patents suggest, Samsung has numerous other projects under its belt, many of them that are completely innovative. Due to this, there is a good chance that Samsung will continue to do well in the future.

cash loans for unemployed australians

Cash Loans for Unemployed Australians

Getting a fast cash loan is not a big deal nowadays in Australia. Even if you are unemployed, you can get a cash loan online.

Life has a way of throwing snags your way especially those pecuniary plights.

It could be:

  • unanticipated medical bills
  • car troubles
  • business hitches
  • or house facelift.

Or perhaps you are a visitor & wish to move to a new neighborhood within Australia. Either way, you need some quick spare cash.

Why Unemployed Australians Need Quick Cash Loans

You may have your budget well planned in fact with a little amount of cash set aside for such emergencies, but when such fiscal facers come your way, you still need some financial aid.

It gets worse when you are unemployed since quick easy loans for unemployed are hard-to-reach.

You find yourself troubled with no place to turn to since hardly any banks are willing to help. Worry not, below is a quick guide on how to access cash loans for unemployed in Australia. After all, abrupt expenses don’t exempt the unemployed, do they?

With these little loans for unemployed, you can work out that inconvenience and get back on your feet. Such loans for unemployed Australians give additional succor be it to a student, parent or an entrepreneur to help buoy you out of a crisis.

Pull up a chair and hone in on this train as we show you how to get around accessing unemployed cash loans.

Fast cash loans for unemployed

It may seem general knowledge but what are fast cash loans for Australians who are on the wallaby track? Fundamentally, loans for the unemployed are emergency little cash aids that jobless Australians can apply for should a financial problem come their way.

You may find yourself needing an instant cash loan. Much as these loans are labeled ‘instant’, don’t be fooled to think they are instant. They are not. In reality, these loans happen to be processed so quickly hence the tag.

loans australia

Having an unpleasant credit history may affect your chances of securing an online loan or sometimes you just don’t want your credit checked. No need to worry.

You can access no credit check loans instead. For these loans, your credit history is not considered while approving your loan application. However, not all lenders offer this alternative.

Financially liable Australians (students mostly) are eligible for these loans. It’s important to note that these loans are not limited to students. Jobless Australians who receive fixed unemployed benefits could also try these loans to boost their finances.

If you are an Australian receiving Centrelink income, you may be also eligible for an online cash loan. This is because most financial institutions in this country consider Centrelink benefits as a regular income source. Lenders and banks providing these loans have an online application, review and approval procedure. Additionally, the money will be sent to you online. Thank God you don’t have to make long queues at the bank to get served or fill out papers.

The major pro of online cash loans is that online application is simple and the cash is availed quickly. Nonetheless, these loans may have higher rates.

Features

If you are considering no credit check loans, there are various options available. These options come with different features, payment plans, availability, interest rates, and risks.

As a result, it is necessary to deliberate upon the options before making a final decision. Do not panic, however, as we break down some of the options commonly available for unemployment loans here.

Loan options

The two common no credit check cash loans for the unemployed in Australia are;

  • Payday loans
  • Personal loans

1. Payday loans are usually ad interim fleeting loans repaid within a year. Most are limited to a sum not exceeding $2000. They can be accessed without your credit history check. Withal, this option has a downside. Not only are the interest charges high but also, they have a short fixed period to repay. Not to mention the inflexibility of terms for this type of loan. Failure to settle the loan before the deadline has consequences including but not limited to additional extra charges.

2. Personal loans, on the other hand, are those unemployed cash loans availed to help a person in need get around a financial hitch. They come with less severe approval criteria. Unlike payday that has draconian terms, personal loans have more feasible terms and acceptable rates. The risk correlating to personal loans is significantly smaller compared to that of payday loans ergo personal loans are preferred. They include lifestyle or car loans and have different interest and comparison rates.

Should you have a good credit history or don’t mind the lender going through your history, you can apply for online loans.

Credit Score May Determine Eligibility

As a way of determining your eligibility, the lender may be inclined to use your credit score.

A credit score is a statistical figure realized from the evaluation of your credit file. It tells about your borrowing behavior.

It is advisable to find out your score since it is calculated from your credit report which contains:

  • Personal information like age
  • Credit amount borrowed
  • Unpaid/delayed loan payments
  • Bankruptcy related information

Experian and Equifax are Australia’s common credit reporting bureaus and their credit evaluation is as tabulated below.

CREDIT CATEGORY EXPERIAN VALUATION EQUIFAX VALUATION
Weak 0 – 549 0 – 509
Fair 550 – 624 510 – 621
Good 625 – 699 622 – 725
Better 700 – 799 726 – 823
Excellent 800 – 1000 833 – 1200

A credit score provides insight into your available loan options. The higher the score, the easier it is to secure a loan. For instance, a 550 is an average score (Equifax system) and implies you have a 1 out of 12 possibility of default lodge in a year.

Benefits

Perquisites of taking a loan for unemployed are:

  • The loan can be used to cover different costs depending on your needs especially the unexpected emergencies that cannot wait.
  • You set your terms of repayment by picking the loan option that best suits you.
  • These loans can help you patch up your budget so that your month or year projects run smoothly.

General application procedure

With the right loan in mind, here is the application procedure although it may slightly vary depending on your lender.

Qualification

To qualify you require to:

  1. Be 18 years or older
  2. Be an Australian citizen or permanent resident. You can still access a loan if you are a Non-resident although you’ll need a visa and loan options will be limited to repayment time before your Visa expires. Your overseas credit history won’t be factored during approval.
  3. Have been receiving a regular income to your bank account for the past 3 months (Centrelink benefits count)
  4. Be reachable i.e. have an active email address and mobile number

Application

The application process is simple & quick.

Head over to the website of your lender of choice that offers the type of loan you want. Scroll to the top (if the top of the page is not being displayed upon loading) to find the loan calculator. Enter the amount you intend to borrow as well as your suitable repayment terms. Click on the ‘Apply Now’ panel.

You’ll then be provided with an application form to fill in details like your personal information, contact information, bank statement, and MyGov account details if you receive Centrelink Income.

Some lenders may require your banking credentials to acquire a bank statement in order to process and approve your loan.

Beware of fraudulent money lenders.

After you are done filling in the details, submit the form.

Now, wait for your application to be processed and approved. For clarification or further communication, the lender will reach out to you through the email address or mobile number.

If successful, your lender will get in touch and a digital loan contract will be emailed to you. Go through the contract to ascertain everything and if satisfied, sign the contract and forward it to your lender.

The lender will then transfer the funds to you but keep in mind, access to the funds is dependent on inter-bank transfer times.

3 Types of Quick Loans in Australia

There are 3 broad groups of quick loans for unemployed that you can apply for in Australia depending majorly on the sum you want.

  • Small personal loans usually capped at $2000. The payment period is usually within a year. They don’t require collateral.
  • Medium personal loans stretch between $2001 to $5000. The payment period for this loan is extended to 2 years.
  • Large personal loans entail sums exceeding $5000. They have a repayment period similar to medium loans.

If not successful you can try getting a co-sign loan, use home equity or try peer to peer lending.

Quick & Simple Repayment

Most lenders prefer to set up payment lining up with your income calendar. They will set up a direct debit into your account such that funds will automatically be deducted until your loan is fully settled.

They will also send a repayment alert before and on the payday to keep you informed.

How To Buy Berkshire Hathaway Stock

buy berkshire hathaway stockBerkshire Hathaway is one of the largest conglomerates in the world. It’s no wonder that many investors are now  looking to buy these stocks.

As such, any eager investor will want to know how to buy Berkshire Hathaway shares in Australia. Considering the company, though, this process isn’t as straightforward as you might assume. Rather, you need to be informed about several aspects of investing in the company. Fortunately for you, you can learn all about it here.

What is Berkshire Hathaway?

Berkshire Hathaway is what is known as a holding company. While it started off as a group of textile milling plants, over time it grew to own stock in some of the most recognizable companies in the world. This includes the United States Burlington Northern, Geico, H.J. Heinz Company, and more.

The company has netted revenues of over $200 million and has made profits upwards of $40 million. Not to mention, it recently reached the number two spot on the Fortune 500 list. All in all, this is one of the top performing institutions ever.

Apart from its own successes, this company is well-known is thanks to its CEO, Warren Buffet. He has long been hailed as an investment genius, with many investors still following many of his moves.

Where to Buy Berkshire Hathaway Shares in Australia

Now, when it comes to buying shares or even CFD trading, you will need a good broker to make the process happen.

It is always a good idea to go with a veteran option like eToro.

For one thing, this online broker has been around for quite a while and has consistently provided excellent services to traders across the board.

For another, etoro is a licensed broker and is overseen by the CySEC and FCA agencies. Due to this, you can be sure that the broker will adhere strictly to the law, ensuring that your trades and your money are kept safe.

Social Trading

One of the top perks that etoro offer is their option for social trading.

With this service, newer or inexperienced traders can follow some of the best traders in the market. Thus, they can make the same moves, cutting down on the level of risk involved.

These are the features you should keep in mind even if you decide to go with a different broker. In the end, it is your broker that can make purchasing Berkshire Hathaway shares incredibly easy or very difficult. So, do make the right decision.

This is everything you need to know about buying Berkshire Hathaway shares in Australia. As you can see, there is more to this process, considering that you are an Australian investor. However, if you simply follow the tips given here, you should have no problem at all.

Why Buy Berkshire Hathaway Shares?

Let’s take a quick look at why you should invest in Berkshire Hathaway before getting into the subject a little more deeply:

  • Continued profit
  • One of the most diverse companies
  • Involved with some of the largest corporations
  • Helmed by an intuitive leader

From a monetary standpoint, there is no denying that purchasing Berkshire Hathaway shares is one of the best investments that you can make.

As mentioned, the profit and revenue netted by this company are incredibly high. Furthermore, this is a performance that has continued for quite some time and this conglomerate is able to keep its head above water even when other companies are failing.

brk stock

One of the reasons that Berkshire Hathaway is able to do this is because its own investments are so heavily diversified. This company has stakes in all kinds of industries, sectors, and businesses.

Thus, even if one area does badly, you can be sure that this holding company has plenty of other revenue options. So, your money will always bring you a return on your investment.

On a similar note, Berkshire has also traded for and with companies like Apple, Wells Fargo, and Bank of America.

As you know, these are companies that have a strong future ahead of them and survive through tough times too. Due to this, the future of Berkshire Hathaway continues to look good.

This is especially since it is run by a visionary like Warren Buffet. He is often incredibly shrewd at predicting the market and is always aware of the right moves to make. So, he often steers the holding company into the best possible position.

Ways to Buy Berkshire Hathaway Shares in Australia

As an Australian investor, you will be disappointed to learn that you can’t directly purchase Berkshire Hathaway shares. This is because the company is not listed on the Australian Securities Exchange (ASX). Despite this, there are some other options available to you:

  • Open up an international trading account
  • Buy shares in a company that has assets placed on Berkshire Hathaway
  • Buy CFDs for Berkshire Hathaway

One of your choices includes opening up an account with a broker that allows you to have an international account. Then, using this, you will be able to purchase shares on the New York Stock Exchange (NYSE). The problem with this, of course, is that this is an incredibly costly endeavor. The price of the shares, as well as the trading costs, may be too much for the average investor.

If this doesn’t work for you, invest in a company that has most of its assets placed on Berkshire Hathaway. For one thing, this will be a lot cheaper for you and you won’t need to trade on a major exchange. At the same time, it can be a more uncertain option and there are still trading costs to think about.

This is why CFD trading with a broker like etoro may be what’s right for you in this instance. Unlike the above choices, there will be no need for you to own the stock. As such, you can adopt a much better position without needing to deposit as much. This, coupled with the lower trading costs, means that you can often make more money this way.

How to Buy Amazon Stock in Australia

Amazon is the best known online retailer in the world. Read this article to learn about how to buy amazon stock in Australia, and why you should.

buy amazon stock

Where to Buy Amazon Stock in Australia

Since Amazon stock are not directly available at ASX, you can consider any of the following brokers instead:

eToro (Most recommended)

eToro is a popular online broker in Europe with a licensed subsidiary in Australia. Sign up here and get started with a low first deposit ($200).

The company is ASIC licensed and offers a number of financial services to Australians. eToro facilitates the trading of different types of financial instruments through Contract for Difference (CFD) trades.

If you don’t actually have a lot of money to own Amazon stock, you can consider a CFD through eToro. CFDs allow investors to profit through marginal price differences for any trading instrument. That means you can profit if you properly predict whether Amazon stock go up or down in price in a given period.

CFDs are speculative and thus very risky. However, it’s might be a good option for those interested in investing in Amazon but don’t actually have the cash to buy and hold onto the company’s stock

IG.com

IG is a competitive broker that offers both local and international stock, like Amazon. You can start sharing as soon as you open an account. IG is notable for offering responsive, 24-hour customer support.

The broker charges some of the lowest fees in Australia. The cost per trade would cost around 8 AUD in most cases. You can expect fees around this range when buying Amazon stock.

This broker is considered highly reliable. The broker’s website offers a platform that is easy to use for even new investors. There are even some currency conversion offerings.

Saxo Capital Markets

A classic account with Saxo Capital would give you access to international stock exchanges. You can buy Amazon stock on Nasdaq or the NYSE via this broker.

Saxo Capital is a subsidiary of the Saxo Bank Group of Denmark. The local entity is licensed by ASIC. The global brand is quite reliable and Australian investors can expect competitive prices.

While Saxo doesn’t specialise in tech stocks, the range of offerings is impressive. You can add other major tech stocks like Google in addition to Amazon with this broker.

Why Buy Amazon Stock?

Amazon is a huge brand mainly in the US. In Australia, the company doesn’t have such an impactful e-retail presence. So why should Aussie investors bother with Amazon stock?

There are several excellent reasons you might want to, as mentioned below:

1) Amazon is one of the most valued businesses in the world

In 2018, Amazon briefly surpasses the one trillion dollar valuation benchmark and continues to grow. It was only the second company in the world to do so. While the valuation only lasted a matter of minutes, it was still significant.

If you are looking for more good stock to buy try these:

Amazon presents an excellent opportunity for Australians to invest in a major international business. There are no equivalent local options.

2) Diversify your stock with Amazon

The ASX, unfortunately, is heavily inclined towards mineral and mining company stock. Big tech stock are mostly not included. As a result, Aussie investors are losing out on a major opportunity to diversify.

Buying international stock like Amazon is a great way to expand your existing portfolio. Diversification hedges you against market volatility for the most part.

Too many local stocks put you at a disadvantage. Adding Amazon to the list is a great way to change that.

3) Amazon is one of the most steadily growing companies in the world

Amazon’s growth isn’t a trend. The company has been unprofitable for years. However, it has been steadily growing since its inception in the late nineties.

If you invested 1,000 USD in Amazon in 1997, you would have earned 1,362,000 USD by now. Amazon’s share prices have jumped 134,390 percent since its beginning.

Amazon’s insane growth can be attributed to its subsidiary portfolio. The company is not just an e-retailer anymore. It’s the owner of Whole Foods and a major cloud services provider in the world. No Australian company matches this level of growth.

Ways to Buy Amazon Stock in Australia

You cannot buy direct Amazon stock in Australia as it is not listed in the ASX.

Here’s a list with ways to buy Amazon Stock in Australia:

  • Use a broker
  • Invest in an ETF
  • Via a Managed Fund

Using a broker is perhaps the easiest way to purchase Amazon stock. You can choose either a traditional full-service broker or an online brokerage platform like eToro. The former charges hefty commission fees. The latter doesn’t.

Online brokerage platforms charge fees per transaction. So, the costs vary but they are not as high as full-service options. Additionally, eToro allows you to buy Amazon stock through CFDs.

As Amazon grows, it’s share prices increase. CFDs allow you to predict share increases and profit when your predictions come true. Essentially, you are investing in the price movement of Amazon stock.

While it’s speculative, CFDs allow you to profit from Amazon stock without actually owning any. As share prices of the company have gone through the roof, this approach may suit any budget.

The other option is a managed fund, which pools resources from investors. A manager oversees the fund. Managed funds can give you access to a certain market, such as big tech with Amazon stock. But this option is not for everyone.

An Exchange Traded Fund (ETF) is made up of many stock. You will have access to a number of international stock including Amazon.

What is Amazon?

Amazon is best known as one of the biggest online shopping sites in the world. Originally American, the site now operates around the world. The site connects sellers with buyers. Users can both buy and sell on the platform.

Jeff Bezos, now the richest man in the world, founded the company in 1995. In its current form, Amazon is a conglomeration of a number of services. It’s most profitable sector is the cloud-based services unit. Amazon is also involved in entertainment and digital advertising.

Amazon’s competitors include other online retail businesses like Alibaba and eBay. In the US, Amazon dominates the retail market. Alibaba has a bigger share in Asia. However, Amazon is considered to be more stable as it is not subject to political instability in its home country.

 

How To Invest 100k

invest 100k australia

If you’ve currently got $100,000 in your bank account, you might be considering investment opportunities. In this article, we’re going to discuss the best ways for Australians to invest their accumulated savings.

What is the Best Way to Invest 100k in Australia

A lot of people view investing money as gambling. While there is a certain risk involved with such a venture, not all is left to chance. The key is to do your research and be able to differentiate safe investments from unsafe ones.

Take the stock market. A lot of amateur investors try to jump in on upward-trending stocks and make a quick profit. They do this without researching important factors such as company assets/liabilities, profit margins, commodity reliance and more, all of which ultimately affects the future value of the stock.

That’s why you should think carefully before you invest a large amount like $100,000.

How Should You Invest $100,000?

Here are a few of the best investments options available currently:

1. Stocks

A lot of people make money on the stock market. This includes billionaire Warren Buffet, the ‘Oracle of Omaha’. It’s quite simple in theory. You buy stocks that you anticipate will rise in value and then sell them off when they do. The hard part is figuring out which stock to invest in.

invest in stocks

As mentioned above, doing thorough research can help. Before Warren Buffet buys up any company’s stock, he really gets into the nitty-gritty. In particular, he looks at factors like these:

  • Overall company performance – He doesn’t just look at recent times. Instead, Buffet goes back several years, or even decades if he can.
  • Debt/Equity Ratio – The higher the debt, the more volatile a company’s future looks. This is because of the large interest expenses that await the business.
  • Profit margin – What Buffet is concerned about is increasing profit margins. This shows signs of efficient management and company growth.
  • Competitive advantage – Buffet tends to shy away from companies that don’t stand out from the competitors. Such businesses tend to not to last very long.

If you do your homework well enough, you could definitely make more than a 10% return on investment easily. You can start with companies you know and love, for example Apple or Amazon.

Easiest way to invest in Stocks: Visit eToro (Trusted broker with offices in Australia).

2. Gold

Gold is generally considered a safe investment as its value tends to remain quite stable during times of economic instability. This is because it isn’t affected by nearly as many factors as the stock market. Gold is also a great instrument for diversifying your investment portfolio.

invest in gold

There are three main ways for Australians to invest in gold:

  • Owning the physical asset – You can buy gold in the form of bars, coins, jewelry and so on. However, you must make sure that it is stored in a safe place. Ideally, you would use a secure deposit box in the vault of a bank.
  • Gold-backed exchange-traded funds (ETF) – In this scenario, a fund owns physical gold and you own shares of the fund. This way, you can avoid storage fees.
  • Investing in gold-mining companies – This is perhaps the riskiest method as it can either mean huge gains or huge losses for you. We recommend caution when looking at companies in the exploration phase. Most of them do not actually end up finding gold.

Gold is definitely a long-term investment with very little gross annual returns. However, it’s the perfect instrument for those who seek stability, above all else.

Easiest way to invest in Gold: Visit eToro (Trusted broker with offices in Australia).

3. Cryptocurrencies

The Cryptocurrency investment market is relatively new compared to others on this list. Bitcoin is, of course, the most popular cryptocurrency and is currently valued at over AUD 14,000! At the time of writing, the value of Bitcoin is on the rise following a significant dip last year.

invest in cryptocurrency

While its price fluctuations might make it seem like a volatile investment, we can see it stabilizing in the future. Cryptocurrencies are slowly being accepted around the world. In fact, certain governments, including the UAE, are gearing to make a shift to completely blockchain-backed systems. Cryptocurrencies appear to be the future and it might be a good idea to invest in them during a slump.

Easiest way to invest in Cryptocurrency: Visit HighLow (Trusted Australian Broker).

4. Real Estate

Real estate is one of the best non-stock investments you can make.

invest ing real estate

According to the ASX/Russell Investments Long-term Investing Report, investing in Australia’s residential property market can be quite rewarding. As per the report, residential property investments averaged an attractive 8% in annual gross returns. This value is definitely credible, having been based on real estate transactions spanning over a decade, from 2007 to 2017.

Consider Your Current Financial Situation

Risk isn’t something you can completely factor out.

Even if you’re well-prepared with your research, there’s always the tiniest possibility of losing out. Some unforeseen condition could suddenly come into play and spiral the entire economy into a downturn.

They say the flap of a butterfly’s wings can bring about a hurricane. What’s to say a couple of misguided financial decisions by important people won’t suddenly bring whole industries down?

Consider how tight money is for you right now. Do you foresee yourself having to dig into $100,000 in the near future? In that case, you’ll have to be extra careful.

Simply go to Highlow if you want to get started with an investment under $1000.
On Highlow you can invest in binary options.

Not only will you have to find a safe investment venture, but you also need to make sure it isn’t inaccessible for too long. In other words, ease of liquidity is something you need to be concerned about.

Cash investments such as term deposits are the most liquid but they also yield very low returns. As of last year, Australians can expect average yearly gross returns of 3.6%.

Slay Your Fear Of Investing

If you’re already financially secure to a point, then you may consider long-term investments.

Since you’ll be able to handle some risk, why not scope out a few high return investments? For instance, real estate is something that a lot of Australians get into for the long run.

They may buy property for cheap in the hopes of selling it in the future when values increase.

invest $100k

You should also consider your life goals before you invest.

For instance, if you want to start a family, then high-risk investments may not be the best option. In that case, you may want to look into fixed-income assets like government bonds.

You basically lend money to the government, which is paid back to you with interest.

According to an investment report by ASX, average returns of around 6.2% per year can be expected with government bonds.

That’s $6200 per $100,000 per year, which you can put aside for a college fund for your kids.

On the other hand, if your kids are all grown-up and independent, then perhaps you could afford to be a bit more frivolous.

Investing $100,000 isn’t something to be taken lightly. There are many things to be taken into consideration when choosing your investment instrument. First and foremost, your current financial situation will dictate how much risk you can handle. Your future goals should be factored in as well.

How To Buy Nasdaq Stock

buy nasdaq stock australia

It’s always a good idea to diversify your investment portfolio by purchasing both local and international stocks. Because of this, we’re going to show you how to buy Nasdaq stock in Australia.

Nasdax Index

Nasdaq is a US global electronic marketplace from which you can purchase many high-value securities.

  • This includes shares from huge multi-national corporations like Microsoft, Apple Inc and Intel.
  • In addition, you can also invest in Nasdaq’s own indexes, including the Nasdaq Composite and Nasdaq-100.

The former is comprised of 3,300 common equities, including American Depositary Receipts (ADRs), Real Estate Investment Trusts (REITs), ordinary shares and so on.

Overall, both the indexes can be considered relatively safe investments, considering their steady climb over the past five years. Following a dip back in December 2018, they are currently on the rise, beating out previous peaks. However, with asking prices that range from USD 7000-8000, you definitely need some significant capital to invest in them!

What is Nasdaq?

Before you begin to invest in one of Nasdaq’s securities or indexes, it’s best to know the important details. Hence, here is a brief summary of them:

Nasdaq was founded in 1971 to allow investors to exchange securities on an efficient electronic trading system. Up until 2006, Nasdaq operated under the National Association of Securities Dealers (NASD). After that, it separated from NASD and joined OMX, which is a Scandinavia-based exchange group. Together, they are known as the Nasdaq OMX group, the largest securities exchange company in the world.

Today, the Nasdaq OMX group operates in five central securities depositories, one clearinghouse and 25 markets in both the USA and Europe. Equities have always been the primary focus of the group, although they do also operate commodities, derivatives, fixed income and more. The group has always been known as a leader in trade technology.

In fact, Nasdaq’s trading system replaced the archaic ‘specialist’ system utilized by all global markets at the time. Prior to this, the specialist system had been in use for around 100 years!

Today, Nasdaq’s trading technology is being used by 50 countries. The company’s influence is so large that it backs 1 in every 10 securities trade occurring globally!

All these reasons are why the largest corporations in the world keep listing their stocks in the groups. Hence, if you want to trade high-value international stocks, Nasdaq is the go-to marketplace.

Why Buy Nasdaq Stocks?

Before you invest in any of the Nasdaq indexes, consider whether you’re making the right decision. Hence, in this section, we’re going to be discussing the pros of purchasing Nasdaq stock:

Easy access to a ton of valuable stock: The Nasdaq Composite is one of the most popular indexes in the world of securities. This is because it lumps together so many high-value stocks from some of the world’s biggest tech-giants. This includes names such as Apple Inc, Oracle, Amazon, and Google.

Likewise, with the Nasdaq 100 index is a collection of securities from the most highly-traded US companies. We’re talking about corporations that report an average daily trading volume of 200,000 or more!

You can easily diversify your investment portfolio: While the brunt of the Composite index’s weight is in the tech space (around 46%), it does contain a lot of securities in a variety of industries as well. As of May last year, the Nasdaq Composite Index is also comprised of securities from the following areas:

  • Health care
  • Consumer services
  • Finance
  • Materials
  • Consumer goods
  • Gas and oil
  • Telecommunications
  • Industrials
  • Utilities

The Nasdaq 100 is quite similar in terms of its composition. 54% of its weight is accounted for when buying securities from tech giants.

Both indexes are performing extremely well – if you look at the performance charts for both indexes, you’ll see that they’ve steadily risen over the past decade. We believe this upward trend is likely to continue, especially with plans to introduce cryptocurrency features into the mix.

Nasdaq’s seemingly stable future has a lot to do with the faith that investors place in it. This stems from the fact that they use the most cutting-edge technology and police the securities in their indexes to the strictest standards.

Ways to Buy Nasdaq Shares in Australia

Buying Shares

If you live in Australia, there are two main ways to invest in Nasdaq stock. The first is to go through a direct stockbroker and outright purchase shares. In return, you will own a percentage of the stock.

You’ll have to open up an international brokerage account, which you can do through any large Australian bank. This includes:

  • Westpac’s Global Markets account
  • CommSec’s Pershing account
  • ANZ’s Global Shares account
  • NAB’s International Shares account

However, keep in mind that purchasing shares outright means that you have to pay the full ask price. At the time of writing, the Nasdaq Composite Index is currently valued at a whopping US 8,146.49! The Nasdaq 100 is not far behind at all, with each share worth USD 7,834.90

It’s definitely not the kind of capital that a first-time investor should play around with. And that’s regardless of how stable the stocks may seem! Make sure you also read our How to buy Tencent guide.

CFD Trading

The second method is to enter into a Contract for Difference (CFD) trading using a broker like Plus500. With CFD trading, you don’t actually own shares. Instead, it’s more like betting on the price movement on a stock.

When you enter into a CFD for a certain stock, you pay a fraction of the asking price. This is usually 10%. Hence, instead of paying USD 7,834.90, you’d just spend USD 783.49 for an opening. This is known as ‘trading on a margin’ and it lets you invest more with less.

Where To Buy Nasdaq Stocks in Australia

Whether you want to buy shares or get into CFD trading, you’ll have to go through a broker. You need to be smart about choosing a broker, making sure they’re both trustworthy and offer the right features.

In the world of CFD trading, there are only two brokers we’d recommend. These are Plus500 and eToro, two cutting-edge systems with excellent reputations and great features.

What we love most about eToro is how beginner-friendly it is. If you’re not sure what investment decisions to make, you can simply use ‘CopyTrader’. This feature lets you follow in the footsteps of more experienced investors by mimicking their trading decisions. It’s a great learning tool and it’ll help you diversify your portfolio in no time.

While the Plus500 may not have the same advanced features, it’s still pretty user-friendly on its own. You’ll still get access to a wide variety of global markets and investment instruments. Plus there aren’t any trading fees to worry about! Instead, you just have to pay the spread after you trade on a margin.

And that’s all there is to know about buying Nasdaq stock in Australia. Now you know what Nasdaq is and why it might be worth investing in its indexes. Furthermore, you know your two buying options and the benefits of each.

How To Buy Tencent Stock

tencent stock

If you’re wondering how to go about buying Tencent stock in Australia, it’s all fairly straightforward. In this article, we’ll cover all the basics you need to know about purchasing high-value international shares like Tencent.

Tencent or TCEHY is quite a safe bet as far as international stocks go. The company has enjoyed consistent growth over the past five years. In 2017, the stock price experienced an acceleration and in early 2018, peaked at $61 per share! Even though TCEHY subsequently went down by 30% during the rest of that year, the company is still going strong overall.

What is Tencent?

Before investing in the company, it’s always best to know all about it, inside and out. Here’s a brief summary to help you with your research:

Tencent is a Chinese mega-corporation which focuses mainly on a wide range of Internet applications and services. The company is well-known for its online games and Chinese social media platforms. It’s currently the largest online company business in China and is currently valued at 472 billion USS.

Pony Ma founded Tencent in 1998 and it took a while for the company to really grow. In fact, it actually had a rather negative reputation at the start. This is owing to the fact that its first chat application was a blatant rip-off of ICQ, which was developed by AOL.

Tencent’s decision to invest in the gaming industry in around 2007 was what helped it take off. Titles like PlayerUnknown’s Battlegrounds and Honour of Kings currently pull in millions of gamers from all across the world.

Four years later, the company released ‘WeChat’, which is now used by 1 billion people worldwide. To put things in perspective, Facebook took eight years to reach that number. Tencent was able to do it in seven.

Why Buy Tencent Stocks?

Before you go ahead and buy your first shares in Tencent, it’s important to know whether you’re making the right choice. Here’s a brief rundown of all the pros of investing in the Chinese tech giant:

  • It has shown significant growth over the past five years
  • Its gaming and chat offerings continue to be popular
  • Forecasts point towards growth during the next couple of years
  • It is tapped into the largest online gaming market in the world

There are two main takeaways from the list. The first is that Tencent seems likely to recover and propel upwards from its setback last year. The 30% drop was actually caused by new government regulations which were rolled out to counter gaming addiction. However, the tech conglomerate has always had a positive relationship with the government – a major reason for their incredible success. Therefore investors have confidence that they’ll have no problem adjusting to the new regulations.

In fact, Tencent has already taken measures to protect young gamers as a sign of compliance.

The second takeaway is that the company is firmly seated in an extremely profitable market. First of all, China is home to the biggest online gaming community in the world. There are currently 600 million gamers in the country and that number is expected to grow. Hence, as long as Tencent play their cards right and put out great titles, they should be just fine.

Secondly, their incredibly popular chat platform WeChat is a goldmine waiting to be tapped. In 2017, Tencent rolled out ‘Mini Programs’ which work in conjunction with WeChat Pay. These Mini Programs allowed the latter to interact with vendors, for things like ordering food or renting bikes. Currently, more than 200 million people use these programs and the number is rapidly increasing.

Ways to Buy Tencent Shares in Australia

Living in Australia, you have two ways to invest in an international company like Tencent. The first way is to buy shares from the Australian Securities Exchange (ASX) using a direct stockbroker. The second is to enter into Contract for Difference (CFD) trading with a broker like eToro.

Buying Shares vs CFD Trading

The former is very straightforward. You purchase shares of a company at the current asking price and as a result, own a percentage of the company. You earn a profit either through dividends or selling off your stake when the asking price shoots up.

CFD training is different, letting you trade on price fluctuations of a stock. One huge advantage of buying a CFD is that you only pay a fraction of the asking price. This is referred to as ‘trading on margin’ and it allows you to buy more than you typically would. The trade-off is that you don’t actually own any underlying shares.

Also read: How To Buy Apple Stock.

For example, imagine Tencent has a margin rate of 10%. This is the percentage of the share asking price that you have to pay for a CFD. Hence, for the CFD equivalent of a $10,000 with of stocks, you’ll only have to pay $1000. If the stock experiences a 30% increase in value, you’ll make a $3000 profit on a $1000 investment.

The biggest downside is that losses can be quite high. This is because your total loss/profit is calculated on a value of $10,000 instead of $1000. Hence, if the asking price undergoes a 30% devaluation, you’ll end up losing $3000 on a $1000 investment.

Here’s a list of the advantages CFD trading has:

  • Less upfront investment due to trading on a margin
  • No need to actually borrow stock, meaning no borrowing costs
  • The CFD Market isn’t bound to Day-trading requirements
  • In addition to stocks, CFD is compatible with commodities, indices, and currencies as well.

Where To Buy Tencent Stocks in Australia

Regardless of which route you choose to take to purchase Tencent stocks, you need to go through a broker. Brokers have a significant impact on whether or not you actually make a profit.

When it comes to CFD trading, there are two brokers that we trust the most: eToro and Plus500. Both have excellent platforms which offer round the clock access to major international markets.

eToro is very popular because of its CopyPortfolios and CopyTrader systems. The former allows you to diversify your portfolio easily by providing easy access to a variety of trading instruments. CopyTrader is extremely useful for amateur investors. It’s an autopilot feature which allows you to replicate the investment decisions of more experienced traders.

Plus500, like a lot of CFD brokers, does not charge trading fees or withdrawal fees either. Instead, they make a profit when you pay the spread. Even though it may not have the same features as eToro, it’s perfect for those who want a simple, user-friendly platform for trading CFDs.

When choosing a broker/platform you must ensure that it checks all the right boxes. It should be easy to access global markets and instruments and also manage a diverse portfolio. Furthermore, there should be tools to guide amateur investors through the process.

These are the basics of buying Tencent stock while living in Australia. To recap, you need to start off by doing your research on the company. Thankfully, most of the indicators point to future growth. Afterward, you need to determine whether to purchase stock outright or enter CFD trading. The latter is great if you don’t particularly care about owning stocks and have less start-up capital.

How To Buy Apple Stock

Apple is the first company in history to be valued at over a trillion dollars. So, buying Apple shares could be a sure-fire way to profit from an investment.

buy apple stock

Apple is not listed under ASX, as the company is American. Here’s how to buy Apple shares in Australia:

Where to Buy Apple Shares in Australia

As Apple is not listed on ASX, there are several ways to invest in the APPL stock from Australia:

eToro

eToro is a major international stock broker that operates using an online platform. The main company is based in Europe, but eToro has an Australian version licensed by the ASIC.

The platform facilitates buying securities and shares in many markets, including Apple stocks in the US. Instead of directly purchasing the shares, you will be able to trade in contracts for difference (CFD).

A CFD is a financial instrument that allows you to profit from the price movements of a share. That means you don’t have to own Apple shares directly. Australian investors who don’t want to lose out to the currency exchange may prefer that.

CommSec

CommSec is a local securities broker that offers Aussies access to stock on the NASDAQ and the NYSE. The broker offers a new product called Exchange Traded International Securities (ETIS) in partnership with the Royal Bank of Scotland. The ETIS facilitates and simplifies buying international stock for local investors.

ETIS is the opposite of ETFs. Where the latter offers access to a combination of shares, ETIS offers similar access but to an individual share. You can use an ETIS to buy Apple stock with less paperwork, according to CommSec.

You can purchase Apple shares using Australian currency instead of USD. The plans also allow Aussies to trade their Apple stock during local hours.

 

Stake

Stake.com.au is an Australian broker that makes overseas stocks available to the locals. The company states that it “streamlines” buying overseas shares for locals.

Apple stock can be bought at Stake in dollar amounts, as opposed to traditional share amounts. This is called making factional investments involving shares.

You can invest a dollar amount of your choosing on Apple shares, instead of buying stocks. For example, a customer could spend $200 on Apple shares at Stake. If the share price is hypothetically $50, you would own 4 shares. This is a great tool that really lets you focus on the budget.

Why Buy Apple Shares?

If it’s good for Warren Buffet, why not you? Here are the primary reasons you might want to invest in Apple stocks:

  • Sheer Value—Apple is one of the most reliable brands in the world. The company is insanely valued. While share prices can still stumble, Apple can be a good long-term investment.
  • Cash Load—Apple owns enormous amounts of cash assets. That means investors can be nearly assured that dividends would be paid off. If something goes wrong, Apple does have enough money to buyback
  • Good Future Growth Prospects—Apple has announced in a series of recent news reports that the company is expanding beyond the iconic iPhone that defines the brand. in the future, Apple would offer both entertainment and cloud-based services.

Ways to Buy Apple Shares in Australia

Australian investors have a notion that the only way to access overseas shares is via a managed fund. This is simply not true any more thanks to overseas investors.

There are two main ways to get Apple shares in Australia: the traditional ETFs or managed funds, or using online brokers like eToro.

Online brokers can give you access to many financial instruments and different ways to invest. Here’s how you can invest in Apple via online brokerage firms:

  • Direct share purchases
  • CFDs

Let’s explore the two further:

Direct Share Purchases

The typical process of purchasing shares of any company, including Apple, is to directly buy them as an asset. In this case, the investor would have ownership of the company.

You can conduct direct buying with any reputed online broker. However, there would be a commission. Also, for blue chip companies like Apple, high share prices and high demand may keep some investors away.

That brings us to:

CFDs

A contract of difference is notably not the same as buying a share. When you invest in a CFD, you are betting on price movements for a share. That means you speculate whether Apple stock or rise or fall given a time period.

With CFDs, you aren’t required to own Apple shares. That means you can avoid spending high prices or commissions. You won’t own an asset. However, you can earn money simply on the price fluctuations of the shares.

CFDs are speculative, so there’s more of an involved risk. You can add Apple CFDs to a diverse investment portfolio.

Alternatively, you could invest in an ETF that includes Apple shares. But the above are the best ways to purchase individual Apple shares.

What is Apple?

Apple is one of the best-known tech companies in the world. Everyone has heard of the iPhone. Headquartered in Cupertino, California, Apple became a household name under the tenure of its celebrity former CEO Steve Jobs.

Apple was originally founded in 1976 as an IT business that sold Macintosh personal computers. One of the earliest products Apple sold was the Apple I.

After facing stiff competition from Microsoft, Apple focused on consumer gadgets. In addition to personal computers, the brand expanded into other areas of consumer electronics. The result was the worldwide sensation known as the iPhone.

The iPhone made Apple one of the most profitable companies in the world. So profitable that in 2018, Apple was named the world’s first trillion dollar business. However, iPhone sales have dropped in recent years.

To make up for the loss, Apple has diversified into other areas. The company now sells cloud-based services. In recent announcements, Apple said it would begin rolling out subscription-based services soon. This would consist of making money through live streaming.

Despite some struggles, Apple continues to be a titan in the business world. The best time to buy shares would be when the stock prices slightly take a dive.

Binance Referral ID

You can’t go wrong with Binance. This cryptocurrency exchange is one of the most trusted exchanges in the crypto industry. With Binance, your ‘Funds are SAFU’. They accept traders from Australia, New Zealand and all other countries.

Use The Binance Referral ID: 11285553

When signing up with Binance, you will be asked to provide a Binance Referral ID. By the way this code is available not only to Australians, but all traders worldwide.

What does the Binance Referral ID do?

There are several advantages of using the referral code 11285553:

  • You get 50% fee discount on the exchange
  • You get 40% referral bonus when referring friends

How To Sign up and use the Binance Referral ID

  1. Go to Binance.com
  2. Click the ‘Register’ button (you can find it on the top right of your screen)
  3. Enter your email and password
  4. Enter the code 11285553
  5. Tick the “I agree (…)” box and click the Register button

Here is what the signup form should look like:

binance signup

That’s all you need to get all the awesome rewards like fee discount and referral bonus.

Advantages of using Binance

First of all I’d like to let you know that I use Binance personally. It is in fact my #1 exchange.

There are so many reasons to pick Binance over other exchanges:

  • Volume is not faked: Binance is one of the few to not fake transaction volumes on sites like CoinMarketCap.
  • Binance Coin: Binance has it’s own coin called BNB (Binance Coin). At the time of writing this article, BNB is in the top 10 of all cryptocurrency coins. All other exchange coins are way behind. Also owning BNB coins can lower your fees on Binance.
  • Transparent: The owner  of Binance is very active in the crypto community. Problems are solved fast.
  • Many Coins: Other exchanges like Kraken and Coinbase, only have a couple of coins available. Binance has a lot more alt coins than most others.
  • Security: Binance offers two factor authentication including YubiKey.

binance trading fee

Binance Referral Program

Binance offers a Referral Program to all traders. You can get up to 40% referral reward for all of your friends, when you sign up with the Binance Referral ID: 11285553

After you register you can go to the referral program page found at: https://www.binance.com/invite.html.

Here you will find your Referral ID code and your Referral Link. You can use any of those two, to refer friends to Binance.

Binance referral id code

This page will also show you the number of friends referred, as well as the Commission Value of all referrals.

You will receive a percentage (20% or 40%) of all traders that you refer. Over time this can really add up, especially where there is a bull market.