Reading Time: 3 Minutes Hello all! Here’s the latest Youtube video, following on from one earlier about steps involved in buying property. Always important to know what to look out for if you are in the property market, especially if you are a first-timer or newbie! If you are more of a reader than a viewer, here’s the edited transcript below: Things To Consider When Buying Property For most households, buying property is the largest expense we will incur, so we want to get it right. Here are some general things to consider: Research Local Area These may be such things like high vacancies or over-supply in the local area.…
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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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Robin Hood Of Investing
Reading Time: 3 Minutes Howdy all! Insightful article I read this week from the Wall Street Journal on how retail investors have (so far) been outperforming professional investors. For those who aren’t aware, the WSJ article highlights a 29 year old electrician from Seattle named Cory Gerber who arguably out-traded the legendary Wall Street Investor Carl Icahn. This is because last month, after the car rental agency Hertz filed for bankruptcy protection – the 84 year old billionaire sold his stake in the company for just 72 cents a share… …which was a buy signal* for Mr Gerber. *A buy signal is a signal to buy. The 29-year-old electrician acknowledges Hertz…
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“Australia in Recession” (Youtube Video)
Reading Time: 1 Minute Hello everyone! So the dreaded “R” word has finally come for Australia. Our federal treasurer Josh Frydenberg has confirmed that yes, we are in recession. In this video, learn about what a recession means, what happened during the last recession, what to expect this time round and also how to prepare yourself for the upcoming recession… My outtake? Be prepared for what’s to come but don’t over-react! There will always be opportunities in the market. Speaking of… I might hit up a more detailed piece on a recession if things get REALLY bad. Here’s hoping we’ll come out of it OK. Did you enjoy this post?…
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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…
