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What a monumental election that was last night guys!
For those of us who aren’t aware, here in Oz – we just had the federal election across the country to select the ruling government and Prime Minister.
The incumbent liberal coalition party (think, the UK conservatives, or US Republicans) was tipped to lose by a landslide, given all the kerfuffle which they’ve put us all through in the last couple of years (I’ll spare you the details, but a lot’s to do with the rotating chair of prime ministers).
So it was a bit of a shock to see them be elected again over the Labor party, even the bookies were caught out (read here).
Ahhh politics, you just never know these days right?
Still, you’d want to hope that after it’s over, they can just get on with ruling and get our economy back in shape.
And even then, the political environment of the last few years has made it clear that you definitely can’t rely on the government for assistance or financial help like in the past – it’s all up to us!
Which brings me again to another version of “What I’m Viewing” – a short selection of articles, videos and links I’ve found useful in the last couple weeks to assist us on our journey…
Speaking of the economy, Business Insider points out that well… the Oz economy ain’t doing so good.
Figures in the December 18 quarter shows that we entered a “per capita” recession, which means that without population growth… the economy went backwards two quarters in a row.
Which brings us to a bit of guidance from Behavioural Value Investor, on what to do during these times of volatility.
They’ve kindly written out a blueprint and you could do worse than follow it.
What with the Trade War, Brexit, US/Iran tensions… it ain’t too bad to get a bit of help and work out what to do.
Editor’s note: SELL!, SELL!, SELL! No wait… BUY! BUY! BUY! Oh darnit…
This is an interesting piece regarding the fact that “…In the world of investing, you don’t have to be bold. You don’t need to find alpha (out-performance). You just need to survive…”
It highlights that over the long-term, the great survivors are the true investment winners.
“I think a lot of what applies to our world of professional management, but also investors, is you just wanna stay in the game…the biggest important thing is to make sure that you live to invest another day. A lot of the very basic stupid mistakes are the most important things to avoid”.
Ahhh another gem from Seth Godin.
Here he explains the concept of opportunity cost and marginal utility in the way only he knows how.
“…Opportunity cost is the key to making decisions. Once you know the value of the alternatives you’re giving up, you can be smarter about what you’re choosing to do…”
Too true Seth, too true… like posting this blog for example… I could be learning how to juggle oranges, or how to draw a perfect circle… or even gnitirw sdrawkcab.
Here’s something quirky. Twenty random facts which just goes to show that sometimes there really ain’t any rules in investing.
7. At the low in 2009, U.S. stocks were back to where they were in 1996.
Or how about:
8. At the low in 2009, Japanese stocks were back to where they were in 1980.
So there ya go boys and girls, a short summary of what I’ve found interesting in the last couple of weeks.
There’s always something to read, something to learn, just gotta know where to look!
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