Reading Time: 2 Minutes Hello everyone! Hope we are all keeping well during these trying times. We just heard this evening that Victoria will go into stage 4 lockdowns this week. These tough new restrictions will be an enhanced form of social distancing, and expected to last for at least the next 6 weeks. It involves 8pm curfews, closure of non-essential businesses and school students going back to home learning. “Gulp” Godspeed our Victorian cousins. Closer to home, all I have to say is: NEW SOUTH WALES ARE WE WATCHING? Why the state government is still taking a reactive approach… is beyond comprehension. Why not lock us down so we can get…
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After-Pay, Zip-Pay, Splitit-Pay and Co, Are They A Mining Bubble?
Reading Time: 2 Minutes What’s up guys! A bit gloomy on this wet and wild Sunday ain’t it? But not for yours truly, cos it’s the perfect excuse to churn out more content for the blog. Y’know, much has been said about the recent surge in the stock price of buy now pay later companies. I’m talking about the After-pays, the Zip-pays, the Splitit-pays of the world. Here, have a look at their stock prices recently: Afterpay Zip-Pay Splitit-Pay And my favourite, Sezzle-Pay It has made those of us who were fortunate to be invested, incredibly rewarded. And of course, countless media and news articles have been written waxing lyrical…
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Financial Lessons From 2020 (So Far)
Reading Time: 5 Minutes Whoa ladies and gentlemen – it’s the midway point of what has been a VERY interesting year to say the least. A big determinant of future success is leaning on past experiences and it’s always good to have a bit of self-reflection. Therefore today’s post will be the perfect opportunity for that. Now, before we begin – these are my lessons for my future self, you may agree, you may disagree but I do hope you find them thought provoking. Lesson 1 – Nothing Beats Experience I think 2020 has once again shown up the fundamental difference between book smart vs street smart. I look back…
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Are Things Back To Normal?
Reading Time: 2 Minutes MrsFrugalSamurai told me an interesting story today. Whilst she was at the shops, an elderly lady was using her umbrella to maintain social distancing in a “forceful manner”. Apparently the sheer number of people going about their business made this a thankless task. I can just imagine our heroine, battling against the horde with her brolly-cum-sword like a crazed Mary Poppins. I guess the moral of the story is that we’re all heading outdoors now and everything is back to normal? Certainly it’s not true in other parts of the world, where escalating cases in the US, Brazil and India among others makes COVID-19 as big…
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“COVID19 – did it even happen?”
Reading Time: 3 Minutes This was a question posed in our investing group recently. It’s a little facetious I know, because Covid-19 undoubtedly DID happen – just look around you to see how the world has changed. But what the question was regarding, is the fact that the markets – the Australian stock market (ASX) to be specific, is charging full steam ahead for a V-shaped recovery. Case in point, there are now stocks whose prices are above their pre-covid levels! Stock A (well-known iron ore producer) Stock B (lesser well-known IT company) Of course, these are only two companies – but if I dig deep enough, there are…
