“Sellers were out in force on the market today after negative news on the economy.” It’s a common line in TV finance reports.
But have you ever wondered that if there are so many sellers out there, who is buying?
In Leo Tolstoy’s great novel ‘War and Peace’, a Russian general charged with defeating Napoleon and expelling the French from Russian soil argued against rushing into battle, saying the strongest of all warriors were “time and patience”.
There used to be a ‘traditional’ approach to retirement. It went like this.
It turns out that Isaac Newton was a better physicist than he was an investor. Newton lost a fortune-around £20,000-in one of history’s most notorious market collapses, the South Sea bubble, when the South Sea company collapsed in 1720 (that’s the equivalent of about £7,500,000 in today’s money. Ouch!)
John Clifton "Jack" Bogle is an American investor and philanthropist. He is the founder and retired chief executive of The Vanguard Group.
Vanguard is now one of the world’s largest fund managers and looks after about $4trillion of investments on behalf of clients.
What's interesting, is that Vanguard is a mutual. That means no shareholders. All profits go back to investors. It’s a good model. I like it.
As someone who talks with a lot of recently retired baby boomers, I have an important message for you.
“Don’t spend all your money on caravans and cruises”
Save some for your age care because on present indications, you can’t rely on the federal government to be taking care of you.
A dollar for every time I’ve been asked this question over the last few months.
Why is there a trade war and how will impact us?
On 7 August 2018 the Australian population has edged past the 25 million mark. What could this mean for the future financial wellbeing of everyday Australians? Hear from Certified Financial Planner® Professional Tony Sandercock of wetalkmoney about the potential impact on finances and retirement outcomes of a bigger population. (This article originally appeared in Money and Life)
Kids do it all day long. “Mum, can I have this, go there, do this, do that, please, please, please?” They can be relentless. And it works for them!
It sounds simple, but the act of asking is actually very difficult for many of us.
There’s so much today about the financial side of retirement. Save more, invest more, have more, but for what? For you the answer may be financial independence, or maybe just the ability to stop working at a job you don’t like. There are legions of experts out there to help you figure out your asset allocation, how much you need to save, how much you can safely withdraw etc etc etc.