Whilst sipping your morning coffee over your preferred news service in recent days, you may have encountered some uncomfortable headlines that implied that it seems investors are heading for the exit door, again. As is often the case when there is a slight correction in the share market, the headline writers of our major newspapers crank up the “doom and gloom” machine:
Back in March I penned “FoFA has been hijacked“, and given what’s happened over the last few days, I just couldn’t sit on the sideline.
I’m sure we all know someone who thinks cash is king. Not because they feel it’s important to have excess cash available for liquidity purposes, but because of fear. Fear that if they invest their money anywhere else, they’ll lose it all.
Australian families are hurting, and no one is listening.
Last night I watched a program where author, poet and bush advocate Sandy Thorne was interviewed by Peter Beattie and Alan Jones. For half an hour Sandy spoke from the heart with more expletives than I have seen on national television for a long time – and it was so refreshing. She shared her pain about the drought conditions that have caused incredible suffering for those Australians living in those areas impacted in NSW and Queensland.
Being busy has become a new social status. It’s a very competitive space but who’s really winning?
When asking, or being asked, how are you? The answer these days is all too often, “Really busy”. Personally I usually follow up with “mostly busy doing good stuff”.
Welcome to the very first in what promises to be a wonderful journey of all things retirement and what we like to call “realising your dream”. We regularly write on the Realise Your Dream blog and it’s our intention to share some of our most popular articles with the Evalesco community right here, under the banner Tealey and PK.
Every year I look forward to reading the BRW Rich 200. I just cannot help myself and doubt it’s not a surprise to many of you that I love reading how the BRW Rich 200 list invest. Whilst I don’t anticipate finding my way into this exclusive club anytime soon, I do believe there are some wonderful lessons that we can all learn about how wealth is accumulated and preserved.
The call was being transferred to my office, Danielle said “Jane Brookwell is on the phone and would like a moment of your time”. My heart sank, it couldn’t be good news. I’ve known Jane for 17 years, she and her husband Terry are two of my longest standing clients, but Jane never rings. Terry takes care of all the finance stuff. So, in my mind I was immediately thinking something has happened, Terry must be in hospital. Unfortunately, it was worse. I picked up the phone, Jane said “I’m so glad you’re there, Terry passed away on the weekend and he always said if anything happens ring Jeff and he’ll tell you what you need to do, so that’s what I’m doing”.
Concentration risk can be good, bad or very ugly – even more so when you add in leverage by way of a margin loan as employees at Slater & Gordon found out this week.