Around this day ten years ago, you probably had plans in place for the year ahead.
Maybe you even achieved some of those goals in 2010. But I’m guessing that you could never have planned for some of the unexpected events, opportunities, twists and turns of the decade you’ve just lived. Take me for example. 15/11/2019 Average Is A Mirage.
Ask a farmer about average rainfall and he’s likely to react sceptically. Knowing how actual rainfall varies from year to year, farmers carefully manage their crops and irrigation. It’s a lesson many investors could learn as well, with published ‘average’ returns masking a wide range of possible outcomes.
I didn’t actually learn anything new from my 2000km bike ride (www.lemtk.blogspot.com.au).
There were no epiphanies. No sudden flashes of illumination. No becoming. No confronting fears. No need to find myself. 23/8/2019 Timing Isn't EverythingThe lure of trying to time the market may tempt even long-term investors. But outguessing markets isn’t as straightforward as it sounds.
We’ve recently discussed perhaps the most powerful retirement strategy of them all - work a bit longer.
Well, now it seems that leaving retirement behind to return to the workforce is increasingly popular among older Australians. I came across this article originally published in the Sydney Morning Herald which shares the experience of 2 such people, and highlights the challenge of getting your retirement decision right. Saving and investing for retirement are important. But for most people, another strategy is far more powerful - working a bit longer.
Keep reading. There are some provocative nuggets here. 28/1/2019 The Tax System Explained In BeerI've been waiting to use this story for some time.
With the fairness of our tax system to be the focus in the lead up to the Federal election, I figured here's my chance. I'm not sure who wrote this originally, but all credit to them. It's a great analogy, and while the numbers may not be exactly right, the concept is. Here it is, the 'beer' explanation of the tax system. 21/1/2019 Investment StructuresOnce a decision has been made to buy an investment, it is important to consider the best investment structure to use. An investment structure refers to the way investments are legally owned. Many people simply purchase assets in their own name or joint names, when other ownership structures may be more suitable.
If there was ever an article I wished I’d written on the folly of listening to the daily investment noise, I wish it were this one.
Market volatility can create anxious moments for even the most disciplined of long-term investors. But people who make it through to their goals are usually the ones who can separate the feeling itself from the urge to act upon it.
Understanding how markets work can make it easier to deal with volatile periods. Here is a layman’s explanation. |
6/1/2020
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