Reading Time: 1 Minutes Hola peeps! Some wonderfully EXCITING news to share with you all. The Frugal Samurai is now on Youtube! Whew, 6 months in the making but finally I ticked off an item on the bucket list for 2020. Was a LONG time coming. I admit I was procrastinating badly with this one. Chiefly because with this goal, I had to make a real conscious effort. I think the unknown and going outside of my comfort zone was holding me back. But like anything in life, the anticipation and buildup is often the biggest stumbling block. Now that I’ve done it – I don’t really see what I…
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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…
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Jobs, Jobs, Jobs
Reading Time: 2 Minutes Hey what’s up everyone! There’s been many prickly issues which have popped up as a result of COVID-19. A major one of course, is jobs. Or rather, job loss. Some estimates state almost 1 million Aussies have lost their jobs, implying a jump in the April unemployment rate to 11% (for context, March was 5.2%). Ouch. Today’s post is on some insights into the current Australian job market in the midst of this pandemic. Thanks to Indeed for these stats! Oh, if you’re also keen on finding a new job, why not check out Jooble and begin your search? Supermarket jobs FTW A big surprise has been…
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April Net Wealth Update
Reading Time: 2 Minutes Howdy folks, Time for another net wealth update! Before I begin, I wanted to put it out there that these updates are just a way for me to stay accountable to my personal FIRE journey, nothing more nothing less. I put my goals public and keep it transparent so I can get out of my comfort zone – something 2010 TheFrugalSamurai would NEVER have imagined doing. Anyway, if you like the updates – let me know in the comments below! Oh and another thing, some people have asked me why I don’t use a fancier calculator to work out my net wealth and make it look…
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The Way We Think – 9 Cognitive Biases
Reading Time: 4 Minutes The market has bottomed, buy buy buy!!! The market has more to fall, sell sell sell!!! Hi guys! So those are the two main themes out there regarding the state of the market. Those two messages are polar opposites of course, and just like Arthur Fleck, the last couple of months has left you confused, exhilarated, disturbed and above all, in shock. So why are there two distinct views at the opposite end of the spectrum? It’s because of the way we think. Or more specifically, our cognitive biases. Cognition You see, most of us like to think we are rational people, in that we are…
