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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March Net Wealth Update
Reading Time: 2 Minutes Strewth, let’s not have too many months like March 2020 aye? Just negativity all round. It’s only in the last couple of weeks that we’ve had some sort of calm, courtesy of governments around the world throwing trillions to solve the crisis. For context, one trillion is 1,000,000,000,000. Anyhow, personally the new wealth has been impacted of course. The bulk of my equity is in real estate – which hasn’t yet been affected as much as the share market. But it will. Give it time. I wrote about it last time (read here). Not only values, but of course, tenancy arrears to come as well. Sigh,…
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Coronavirus and its Impact to Australian Real Estate
Reading Time: 3 Minutes Hello everyone! How are we doing? Hope you’re not going stir crazy cooped up indoors all day! Lately, quite a number of people have asked what the impact of the Coronavirus will have on our housing markets. I wrote a very short paragraph in an earlier post Blueprint For Investing During The Coronavirus Pandemic but I feel like it deserved a post on its own. So here goes. “Takes a deep breath”. History This is an economic crisis as much as a health crisis. So firstly, it is important to look back on history and have a look to see what impact economic crises have had…
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Blueprint For Investing During The Coronavirus Pandemic
Reading Time: 4 Minutes I’m seeing a lot of questions on social media about “Has the market bottomed?” or “What should I buy?” Now more than ever, as the markets whip-saw, more and more people are paying attention as their investment and retirement balances are smashed 20%, 30%, some even more… all in the space of a month. The speed of the market decline to form this bear market is unprecedented. So of course, there are many folks, myself included who are sitting on the sidelines, champing at the bit, ready to charge in, and make a killing. But I think we are all asking the wrong questions, or at…
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February Net Wealth Update
Reading Time: 2 Minutes What a rollercoaster the month of February was! I think the main theme has got to be the Coronavirus. Specifically, it’s impact across the global economy and the associated drop in share markets world-wide. I think the vast majority of investors – professional or not, have been caught up in the volatility. I am no different, and the overall net wealth has taken a bit of a hit. If you want to read about January’s numbers – you can do so here. Net Wealth Important Notes The numbers (apart from the individual shares), are rounded given property is an illiquid asset (meaning values are not representation…
