Reading Time: 3 Minutes Howdy all! There is one area of personal finance which yours truly hasn’t really touched on, but has a disproportionate representation in many a FIRE portfolio. I’m talking of course, about ETF’s or Exchange Traded Funds. What is it? An ETF is a type of investment fund which can be bought and sold on an exchange, similar to stocks. They are split between “active”, which is managed by a fund manager looking to outperform the underlying index or market, and “passive” which track the underlying index or market i.e. achieve market returns. They were made famous by Mr Buffet who, in 2007 bet $1m that an…
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How to Invest in Berkshire Hathaway Shares? Introducing… STAKE!
This post may contain affiliate links, meaning I may receive a commission if you decide to sign-up using my links/code at no cost to you. Please read on for more info. Reading Time: 3 Minutes Howdy all! Some VERY exciting news here. OK, so we all know who Warren Buffet is. Most know what Berkshire Hathaway is, which is the company Buffet owns to, y’know, buy stuff. But did you know that the return for those investors who were at the beginning of Berkshire Hathaway (in its current form) from 1965 to 2018, is a whopping… 2,472,627%… um wow. Compare that to the S&P 500 which returned just over 15,000%…
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Financial Lessons From “Crazy Rich Asians”
Reading Time: 3 Minutes Howdy all! Earlier, I finally managed to properly sit and watch “Crazy Rich Asians” for the second time seeing as I missed half of it initially. If you haven’t watched the movie – it’s boy (Nick) meets girl (Rachel), girl meets boy’s family, boy’s family (mother) rejects girl, girl plays out game theory with boy’s mother. Or something like that. Of course, as the name suggests, this is set in the background of Crazy. Rich. Asians. Like me, you may have been puzzled by many of the questions which were left unanswered. Why is cousin Astrid so sad all the time? How come Tan Huas only…
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DIY or Hiring a Property Manager: Which Is Better?
Reading Time: 3 Minutes What’s up guys! Hope we all had a great week, it’s NOVEMBER people! Wow, 2019 is absolutely FLYING right? How’s it coming along for you? Sadly I haven’t quite achieved my two main goals yet… (sad face). But don’t worry, there’s a couple more months left, let’s hustle hustle! Today’s post is a shorter edit of an article I wrote for an Australian Property Magazine named Your Investment Property. The magazine is about… um, investment… properties. The article is based on some of the things to look out for with managing your own properties versus hiring someone to do it for you, hope you enjoy! ~~~ Earning…
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4 Paths to Accumulating Wealth
Reading Time: 4 Minutes I wrote earlier this year about how “Being Rich Eliminates 67% of Life’s Problems” (link here). Well, following on from the study Tom Corley did… You know, Tom Corley? The guy who spent 12 years conducting a study by interviewing and researching millionaires, multi-millionaires, multi-multi-millionaires and a group designated… “poor”, to try and see what’s the difference between “rich” and “poor”. In short, it is habits, habits and habits. However in this, he also discerned 4 very different paths towards accumulating wealth. The Dreamer/Entrepreneur These are people who the phrase “love what you do” is coined. And it showed, with an average net worth of $7.4 million. But the path is…
