The numbers you need
25.17 per cent
... is the amount the consumer discretionary — that's fancy retail — sector of the ASX 200 has risen in 2013. JB Hi-Fi is up more than 67 per cent and David Jones has been hitting highs above $3 after languishing at $2.10 in 2012. Myer is doing well, too. The big stores' strong performance comes despite recent retail sales figures, which showed a fall in consumer spending.
... is how much George Soros made from betting $US1 billion that the Australian dollar would fall, as it did after the Reserve Bank cut the interest rate on May 7. But small investors hoping to emulate the great risk-taker should think again. As Money's John Collett wrote: "Even currency experts have a very patchy record in accurately forecasting currency movements. It is trading on steroids."
10 years old
... is the age some British kids are starting to put aside money for "key milestones" such as university, buying their first home or starting a business, according to a study by insurance company Scottish Widows.
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