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Money Makeovers with Peter Switzer

What are low-doc loans, and are they risky?
I own a business and have had trouble getting a home loan and so I went to a mortgage broker who recommended a low-doc loan. What are they exactly, and are they risky? Jason, Glenelg, SA.

What is your opinion on property seminars?
I went to a property seminar where the organisers put on a pretty interesting show and made promises that they could find ideal properties and arrange the finance. They also talked about guaranteed returns of 7%. What do you think of these outfits? Jess, Tamworth, NSW.

Is it true that shares and property rise by around 10 to 12% over a 10-year period?
I have heard various commentators say that shares and property rise by around 10 to 12% over a 10-year period. What do you think this of this generalization? I want to do my calculations before I buy a property or some shares on borrowed funds. Laura, Neutral Bay, NSW

Why is the RBA raising interest rates so aggressively?
I cannot understand why the Reserve Bank is raising interest rates so aggressively when they cut them, which encouraged people into home loans to help the economy, but now they are hitting them with rate rises. Why would they do this? John, Stanmore, NSW

What is your advice about joint bank accounts?
I am going into a relationship with a guy I have known for some time and we're looking at a joint bank account now that we will be living together. What do you reckon? Jill, Southport, QLD.

I keep hearing about ETFs and ETCs and wonder what are they and what's the difference?
I keep hearing about ETFs and ETCs and wonder what are they and what's the difference? And why are they so popular nowadays? Darren, Cronulla, NSW.

How do I go about setting a good example for my children financially?
I have to say I am pretty bad at managing money and I never seem to get ahead but I now have young children and I want to set them a good example. What would you suggest? Ben, Richmond, Vic.

Should I know about P/Es in order to buy shares?
I keep reading about and hearing financial commentators and brokers talking about P/Es for shares and it always seems important but I don't understand why. Should I know about this to buy shares? Could you explain please? Cara, Newtown, NSW.

Should I set up my own self-managed super fund?
I have around $105,000 in my super fund and I am toying with the idea of setting up my own self-managed super fund. What do you think about that? Frank, Chatswood, NSW

Is it a good time to jump into the share market, or have I missed the boat?
Every day when I get up and see that the stock market is up again, I think I have missed the boat with this rally. Should I wait for a big sell off, or get in and keep my fingers crossed that there won't be a big sell off? I am in my 30's, have a good job and my wife and I have a bubs on the way but my budget tells me we have $2,000 a month for shares. Should I jump in now? Roger, Newport, NSW

Don Stammer and the 'magic of compound interest'
I heard you talking to an elderly economist on your television program called Don Stammer who kept talking about the 'magic of compound interest'. What exactly is he talking about?

What is your view on the stock market? Is it too late to get in?
What is your view on the stock market? I am 25-years-old and have missed out on the current rally and wonder is it too late to get in? How should I do it? Jason, Port Kembla, NSW.

What are margin loans and should they be avoided at all costs?
Lots of people got into trouble with the crash of the stock market last year because they had margin loans, or so I have been told. What are margin loans and should they be avoided at all costs? Cynthia, St. Kilda, Vic.

What is leverage and why it is so important?
I continually hear and read about 'leverage' and I am not exactly sure what it is. Could you explain what it is and why it is so important? Bill, Gosford, NSW.

Is it true that you can borrow to buy shares?
I could not believe my ears when someone told me that you can borrow to buy shares. As it seems as though it is true, could you explain what is the catch? Cynthia, Tugen, QLD.

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