Reading Time: 2 Minutes I have a confession to make. These days, I’ve never made such easy money. I know, I know – what a controversial thing to say The Frugal Samurai! At the risk of sounding like a douchebag, please… hear me out. Mind you, I’m not talking as if I am rollin’ in the Benjamins. Nah. More like a few thou here or a few thou there. You see, in the last couple of months, I have shifted a small allocation of our net wealth into the stock market… or rather into stonks. Now, as a traditional value investor – I had always felt buying stocks was about…
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Wealth Inequality Rises In Australia
Reading Time: 2 Minutes I was perusing through the interwebs as you do, and came across a very insightful article regarding the wealth or rather, the lack of wealth equality here in Oz. It’s a joint research study by the University of New South Wales and the Australian Council of Social Service and to be honest, it’s very confronting. As we know, COVID-19 has exacerbated what was already a burgeoning wealth gap between the haves and have-nots, and this paper only highlights that. Here are some key take-aways: Household Wealth The below compares the wealth holdings of the highest 10% (highest wealth) of households followed by the next 30% (middle…
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Australian Housing Tipped To Rise?
Reading Time: 2 Minutes Hola people! Be ready for a bit of a charting binge today. Ever since we recently bought our place (read here), I’ve been monitoring the housing market ever so closely. And I’ve been noticing a few things. What things? Oh y’know, about the state of our economy in general. I’m a responsible man now OK, got a family to think of. So first up is… Employment Here, let’s start with employment: Would you look at that! Sure, employment levels are still lower than pre-COVID, but it’s come back a fair bit hasn’t it? A sharp “V” shaped recovery puts the trend in the right direction. “Clap,…
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What’s Needed To Be Financially Successful?
Reading Time: 2 Minutes MrsFrugalSamurai and I attended a stunning wedding put on by one of her oldest and dearest friends over the weekend. Massive congrats BENSICCA!!! It was our first Corona-wedding and to be honest with you, I didn’t know what to expect. What to expect? Why nothing but FUN of course! There’s something about weddings which makes everyone happy… I think it’s to do with the live music. Regardless, weddings are also a great time to catch up with people who you haven’t seen in agggges, and this one was no different. As I caught up with a once-close-but-now-distant friend, we waded into a discussion about finances, more…
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Fundamental Principles Of Behavioural Finance
Reading Time: 2 Minutes Heya all! So I went back to my parents place to pick up a few things today. And whilst rummaging through my old room – came across copies of some old, tattered print-outs I had stuck to my wall. Now many male, uni-aged students are not unfamiliar with the humble poster. From old school Jessica Alba prints to corny motivational memes, it’s fair to say that there’s plenty of variety adorning our walls. Except for yours truly, amongst all the above – there were 7 posters… or print-outs rather, which was blu-tacked right above my desk at eye level. In no particular order, they are: I…
