Hi Aris, Welcome to this week's edition of Smart Investing. How much money do you need to be considered wealthy in Australia? The recently published 2024 Wealth Report by Knight Frank has an exact dollar amount that's well above the average net worth data published by the Australian Bureau of Statistics. Vanguard's Senior Personal Finance Writer, Tony Kaye, examines the key findings in our lead article and explains that how much money individuals and couples really need ultimately comes down to their spending habits. Meanwhile, with the end of the financial year fast approaching, the cut-off dates for getting more money into your superannuation account before 30 June are closer than you may think. Time is running out. Read our second article to find out more. Lastly, we look at why having a core-satellite approach to your portfolio – using index funds as the core and other smaller investments as satellites – is a powerful investment tool. | |
| How much do you need to be rich these days? Average household wealth, and what it takes to rank among Australia's wealthiest 1%. Read article | |
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| A super contributions deadline you won’t want to miss If you plan to get more into your super this financial year, act very quickly. Read article | |
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| The power of the core-satellite investing strategy Discover why having a core-satellite approach to your portfolio is a powerful investment tool. Read article | |
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| SMSF assets reach record levels amid share market rally How SMSF trustees are investing their retirement savings. Read article | |
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| How much cash is too much? While cash is often viewed as a safe haven, it does have investment risks. Read article | |
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| Your end of financial year investments tax guide What the ATO is focusing on, and how to prepare for tax time. Read article | |
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