Reading Time: 3 Minutes Happy New Year everyone and WELCOME BACK! Hands up if you’re very excited for what 2021 will bring? Haha, I exited 2020 with a whimper, with a (lonely) jog in the park on NYE followed by watching “Tenet” (confusing) with MrsFrugalSamurai, and get this… going to SLEEP before midnight (exhausting), thereby missing out on the fireworks (disappointing) and also ringing in the New Year with MrsFrugalSamurai (chastising). D’oh! Getting old in my years. Anyhow, as much as I love to look ahead, it’s also important to look back on the previous year because well… 2020 had it’s moments didn’t it? So in no particular order, I…
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Is it Dangerous To Be In Equities (Now)?
Reading Time: 3 Minutes Today’s post is an expansion to a brilliant question from one of the social media groups that I subscribe to. Is it Dangerous To Be In Equities? To paraphrase, the original poster queries the majority of people in the FIRE community who have an asset allocation consisting of 100% in equities, a majority of which sits in index funds (ETFs). It seems like the narrative is “Buy equities, passively, at any price, indefinitely, and hold virtually no other assets, it’s all good coz you can’t beat the market, oh and lowest fees possible”. Occasionally with “use margin or other leverage to speed it up”. With equity…
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RBA Cuts Rate
Reading Time: 2 Minutes True to form, on Melbourne Cup day, the Reserve Bank of Australia cut the official interest rate by 0.15% to a historic low of 0.1%. Well, well, well – so they cut it again eh? Although to be fair, with Australia plunging into a Coronacession, and the likelihood of elevated unemployment numbers, the RBA is committed to doing whatever it can to support jobs and the economy. And one of their biggest weapons – is cutting the official cash rate. This is supposed to boost business borrowing and consumer spending to try and stimulate the economy to create jobs. OK fair enough, but what does a…
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5 Financial Hacks In Your 30s You MUST KNOW (Youtube Video)
Reading Time: 1 Minute The 30s is the time of the 3M’s, marriage, mortgage and munchkins! However it is also the time to get serious about finances and building on the next chapter of your life, in this video – I’ll walk you through the top 5 financial hacks to do in your 30s, to set you up for the following decades. Transcript: Ah yes, the 30’s, you know how you wake up one day and somehow, your age has a big 3 in front of it? In this video, I’ll walk you through the top 5 financial things to do in your 30’s. Make sure you stay to the…
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Why Markets Rise
Reading Time: 3 Minutes “Why are markets rising?” Hm, interesting question MrsFrugalSamurai posed to me last night, as she clicked on another James Charles video. James Charles, for the uninitiated, is an American internet sensation/make-up artist/Youtuber. Why women are following men for make-up advice, is beyond the scope of this discussion. “I mean, why are markets rising when the economy is struggling?” Pay attention to that video woman, and get rid of these here wrinkles, I thought but did not say as I love my wife. As I stepped away from the mirror, I began to think. Why are markets rising? Everyone knows that COVID-19 has pretty much put the…
