When immersed in your job, business and daily routines it’s easy to lose sight of the purpose of wealth building. Below is the classic story of a Mexican fisherman and an American investment banker. We hope this simple story helps give you some clarity in the pursuit of financial freedom. And a worthwhile reminder that you don’t need to be that wealthy to live a happy, meaningful and f... »
We haven’t used buyers agents in the past as we prefer to buy property directly on our own, though would consider one if buying interstate. For those who are very time poor, then it may be worth considering too if the alternative is not being able to buy any property at all due to this lack of time. When deciding on using a buyers agent you need to make sure you choose one that charges a tra... »
Managed funds are investments that are on our What we WILL NOT invest in list. There are two key reasons for this, and the first is their fees. High fees can substantially eat into your long-term investment returns. Many managed funds can have total annual fees of 2-3% or more of your investment returns. Compare this to investments that we do like, such as index funds (which are like “passiv... »
Intrinsic value is what a stock is really worth, rather than what price it is quoted as on the stockmarket. Buying a stock when it is below its intrinsic value, and that is likely to have a higher forecast intrinsic value is an approach used by value investors, the most famous of who are Warren Buffet and Benjamin Graham. There are a number of different ways to calculate it, and it is important to... »
Although our preference is to use self-managed super funds (SMSFs) as early as possible, there is a cheaper alternative to SMSFs that provides some of the benefits of SMSFs (but not all) and at a much lower cost, and it is worth mentioning as it may be appropriate in some circumstances. To start off with, and to make the comparison more worthwhile, let’s look at the annual costs of running a... »
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