Reading Time: 3 Minutes What’s up people! Hope we are all having a well deserved Easter break. It’s the 4-day Long Weekend here in Oz, and I for one NEED it. Now I think it’s safe to say that most people have been caught up in the stock market rollercoaster recently. Certainly our superannuation (a kind of 401k to my American friends), has taken a whopper of a hit. But currently, there seems to be a bit of normality which has resumed. Indeed, the US stock market has been fairly bullish since it’s lows in late-March. So is now a good time to invest? Is It? Um, let me just…
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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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Coronavirus Public Service Announcement
Reading Time: 2 Minutes I think everyone knows by now that we have a pandemic on our hands in the form of the Coronavirus. So as a responsible member of the community, I am doing my bit to make sure the message gets out there and is heard. This afternoon, the Australian Prime Minister, Scott Morrison announced mandatory 14-day self-quarantine measures for ALL travellers coming into Australia, in the latest government initiative to contain the virus. Unfortunately my opinion is that it is too late for containment. This is because the R0 (“R-naught” is a reproductive measure of infectivity) of the virus sits around 2.2 – meaning that one infected…
