Benjamin Curry

Dec 10, 2024 | forbes.com | Sophie Venz |Benjamin Curry |Johanna Leggatt

Bonds are priced in the secondary market based on their face value, or par. Bonds that are priced above par—higher than face value—are said to trade at a premium, while bonds that are priced below their face value—below par—trade at a discount. Like any other asset, bond prices depend on supply and demand. But credit ratings and market interest rates play big roles in pricing, too.

Dec 2, 2024 | forbes.com | Johanna Leggatt |Benjamin Curry

With compound interest, you’re not just earning interest on your principal balance. As ASIC’s Moneysmart site points out, even your interest earns interest. Compound interest is when you add the earned interest back into your principal balance, which then earns you even more interest, compounding your returns. This is what occurs in our superannuation system as well as when we reinvest the dividends from our shares back into our portfolios.

Oct 31, 2024 | forbes.com | Kat Tretina |Benjamin Curry |Sophie Venz

The RBA has routinely spoken of the need to find a “narrow landing” during its rate rise spree of the past two years. It aims to tame inflation by curbing—rather than crushing—demand. So far they have managed this feat: while consumer spending has declined dramatically, unemployment has risen marginally—from a low of 3.5% to 4.1% in November 2024. In its notes after the September RBA meeting, the Board spoke of the country’s economic risks.

Sep 26, 2024 | forbes.com | David Rodeck |Benjamin Curry

Cryptocurrency is no longer the new investment asset on the block, and that means income derived from crypto is getting plenty of attention from the IRS in 2023. Unfortunately, the crypto tax rules remain a bit complicated. The IRS clearly states that crypto may be subject to either income taxes or capital gains taxes, depending on how you use it. Learn More On Cash App Taxes' WebsiteHow Is Cryptocurrency Taxed?

Jul 18, 2024 | forbes.com | Miranda Marquit |Benjamin Curry

A 401(k) is an employer-sponsored retirement savings plan. Commonly offered as part of a job benefits package, employees may save a portion of their salary in a 401(k) account, subject to annual limitations. Employers often match a portion of their employees’ contributions. This powerful defined contribution plan can help you save and invest for retirement. You decide how much to contribute to your account and which investments to choose.