Commentary

Save $18 Use This Ticket To Give You Free Entry into the Sydney Investment Expo (And also the Franchise and Property Expo too): There seems to be an excess of seminars and other events related to this industry occurring in Sydney at the moment. It was kind of dead for the past 3 months, now you've got financial companies coming out giving free seminars about retail trading products and services, giving you the sell on their own 2 day seminars that go for $2,000 or $3,000 a pop. Is it worth it?

I received an offer through the post of 6.40% p.a. interest on any new deposits on top of my current deposits for a three month promotional period with INGDirect. INGDirect's current interest rate is 5.40% p.a. meaning if you invest in this technique you would get $54 for every $1000 you deposit a year. But let's say you got suckered into this promotion and you had a spare $2000 lying in your other bank account. So you log onto their internet banking website and transfer over your $2000, lured by the additional 1% p.a. offering that INGDirect was promoting. Now that additional $2000 over the three month period that the promotional interest rate is valid for will earn you $32. ($2000 x 6.4% x 3 / 12)