During share market movements such as we have seen over the past six weeks, we know the instinct to act rather than remain steadfast can be compelling.
On 22 March the Prime Minister and Treasurer released details of a 2nd round of economic measures, designed to cushion Australians from the economic impact of COVID-19.
A recent report by ASIC (Australian Securities & Investments Commission) has shed some light on what consumers think of financial advice and of the advisors who deliver it. The report explored the use of financial consultants, and attitudes towards them. Results reveal that people who have already sought advice, or intend to, are more likely […]
It’s nearly Christmas …. cue – “Money management tips for the festive season.” Same messages, different year. All sensible tips about setting a budget, set up a Christmas club account for next year, paying off credit cards quickly and so on. But Christmas time is hardly the best time to talk about budgeting. First, it […]
“If you don’t know where you are going, any road will get you there.” Lewis Carroll Money helps us achieve the things we want in our life. No revelation there. Defining what we really want in our life though is not so simple. If you were asked about your desired future, would you have an […]
I was never a mechanically-minded kid. At the start of year 9 in school, all students were required to choose from a list of elective classes. The options were woodwork, metalwork or typing. Every other boy in my year 9 class chose woodwork or metalwork. I chose typing. This wasn’t due to any foresight about […]
INTRODUCTION Most people ask themselves this question at some point in their working life (hopefully, relatively early). With the continued shift toward defined contribution plans, future retirees are being asked to take on more responsibility for their retirement outcomes than in the past. So the question is of vital importance. But do we have a […]
As I observe in my book, “Think, Act, and Invest Like Warren Buffett,” one of the great anomalies in investing is that while investors idolize Warren Buffett, they tend to ignore his advice, especially when it comes to efforts to time the market. The following are just a few of his many “words of wisdom” […]