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Federal Budget Review 2012
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The Global Economy
One of the most challenging personal finance issues we all face is the ever expanding definition of need. Things we once considered clear luxuries have somehow become necessities, often without any consideration of how the change in status happened.
When debating whether to invest in a diversified Australian fixed interest portfolio or put your money in the bank, one question worth asking is, “What does the bank do with your term deposits?” The bank can’t simply hold on to the term deposit and continue to pay interest. What do they do with the money?
