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our top money stories plus exclusive
finance tips.and founder of Stockspot and one of our guest
writers for this month’s cover story. I’d like to
think that readingMoneyhelped him reach his
goal but I guess he had it in him.
Given this is our 200th issue, we thought
we’dgetbacktobasicsandaskourexperts
where you would invest to reach your financial
goal if you could afford to save $200 a week.
Not surprisingly, their strategies are individu-
ally tailored to meet different objectives. We
hope you reach your goal, just like Chris.
Effie Zahos,
Editor,Money
magazine
Traveller caught out
Readers should be wary of the advice from
Walter (“Travellers save on health premiums”,
Letters, April). I suspended my private health
cover for three months while I was in Africa
with comprehensive travel insurance and
indeed saved on my premium. But fast-for-
ward to the next year after I lodged my tax
return and I got a nice surprise in the mail from
the ATO stating that since I did not have health
insurance for three months I had to pay the
Medicare levy for that time, which turned out
to be more than what I would have spent on
my insurance. I couldn’t believe how unfair it
was considering I had travel insurance.
So make sure you do your sums before you
suspend. Happy travels!
Paul, Vic
“An investment in
knowledge
pays the best interest.”
Benjamin Franklin