What's New
If you join the "Investing 101" club you can access the Club site where I post regular newsletters covering a range of topics to help people on their investment journey . Register for Free Up-dates
Latest item posted to Club site was: 6th December 2009. To access it you need to be Registered (it's free)
March 2009 - New book out!
My new book called "101 Ways to get out of Debt - FAST!" - in all bookstores from mid-late March 2009
August 2007 - New book out!
I have a new book out called "1 MILLION - for life" - in all bookstores from the end of August 2007
17th November 2006 - FAQ section expanded
I have up-dated the FAQ section of the site (Frequently Asked Questions) - by including responses to many questions raised by readers - see FAQ
16th November 2006 - Reviews and Media coverage
I have added some new pages to this web site, following on the huge amount of media coverage and support the book has received since the launch in August this year:
10th November 2006 - Ashley Ormond appearing at Borders Canberra
I will be giving a talk about my book at the opening of the new Borders bookstore in Canberra at 12noon on Saturday 18th November. It is in the "Canberra Centre", Bunda Street in the city. I lived in Canberra for about 3 years when I was in primary school, so it's always good to go back to see how things have changed. Hope to see you there on Saturday!
8th November 2006 - Changes to Cash Interest Rates
On the 8th November 2006 the Reserve Bank of Australia put up cash interest rates by another 0.25% from 6.00% to 6.25%. This was the 8th rate rise in a row since this series of rate rises began in May 2002. As usual, within hours of the recent rate rise, all the banks passed on the interest rate rise in full to their loan customers with variable rate loans. Around 80% of home loans have variable rates, so if you have one of these variable rate mortgage loans, you will soon be notified of the rate rise on your home loan.
Unfortunately banks are not so quick to pass on interest rate rises to their deposit customers. Why? because it costs them money - and they are greedy. When they finally do raise interest rates on deposits, it is often not raised by the full amount of the cash rate rise. Over the coming weeks I will let you know how the banks are going in passing on the rate rise. Don't be surprised if they don't put up rates by the full 0.25%.
Stay tuned for more news...
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