Are you wasting your returns?

Are you wasting your returns?

There’s not much point in being a successful value investor, if you aren’t seeking value in other aspects of your financial life. With your savings and personal wealth in mind, we think you should know the ACCC has relaunced its petrol price cycle page on its website.

The site will provide information on petrol price cycles in the five largest cities. Price cycles do not occur in Canberra, Hobart, Darwin, or in most regional locations across Australia.

“With the information provided on the ACCC website, motorists in the five largest cities will be in a better position to plan petrol purchases and save money at the bowser,” ACCC Chairman Rod Sims said.

The following information is provided for each of the five largest cities:

• a chart with daily average prices over the last 45 days;
• the duration and shape of the past five price cycles; and
• most important, new buying tips to help consumers understand the position of the current price cycle.

“The savings that motorists can make by buying wisely are not insignificant and we hope our new buying tips service can significantly facilitate this,” Mr Sims said.

“Most motorists will be aware of the significant price jumps that occur during the increasing phase of the price cycle. Prices often jump by between 15 to 20 cpl or more. If a motorist filled up a 60 litre tank at the bottom price rather than the top price, they would save themselves up to $12.”

The image below is an example of what you will find on the website.

Think of it as an early Christmas gift from the ACCC that keeps on giving. Bookmark this page in your browser. And be sure to share this post with all of your friends and family.

MORE BY RogerINVEST WITH MONTGOMERY

Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.