I believe that very few investing mistakes are the result of random bad luck. Most mistakes are predictable and preventable. And there are some mistakes that are very common amongst novice investors. My belief is that if you can avoid these most common three mistakes then you will have a very high probability of being …
What drives you to build wealth? If I deposited $10 million in your bank account today, what would you do differently tomorrow? Do you think money will solve any (or all) of your “problems” and/or fulfil all your dreams? The answers to these questions will reveal how you think about money. And how you think …
What is more important to do first? Contribute into super or buy an investment property? How will investing in property help you fund retirement? What can you do (invest in) to minimise the risk of running out of money in retirement? These questions all relate to your investment strategy. Most of these questions can be …
What opportunities could you miss out on this financial year? Many people spend time in June each year rushing around trying to get their end-of-financial-year strategies implemented. It can be a stressful time. Worse still, sometimes people miss out on opportunities to build wealth or save tax (usually both) in a particular financial year because …
A few clients this week have asked me if it’s a good idea to invest a large sum in the share market at the moment (for a variety of reasons e.g. as super contributions, a gearing strategy and so on). I told these clients that I have some real concerns with it – not because …
If there’s one thing that never changes, it is the fact that the government continues to tinker with the super rules throughout federal budgets and election campaigns. Changing the super rules is an easy way to raise tax revenue as any changes do not tend to cost votes. The reason for this is that for …
In November 2016, several superannuation changes were legislated that confused even their own policy writers! These changes were designed to improve the sustainability, flexibility and integrity of Australia’s super system (which is government talk for: reduce the tax benefits that superannuation offers higher income earners). There are some important changes that could have an impact …
I’m sure you have seen the glossy ads espousing various benefits such as stamp duty savings, rental guarantees, discounts and incentives, state-of-the-art gyms, beautiful kitchen appliances, a concierge and the list goes on. As the title of this blog suggests, I strongly believe that off-the-plan apartments do not make good investments. And I put new-build …
The government is worried about the housing market becoming overheated. Median house prices increased by 8.1% p.a. in Victoria and approximately 13% p.a. in Sydney during 2016. The RBA has said that its worried that people are speculating on the property market and this is driving prices up. To counteract this risk, the government has …
If you want to build wealth by investing in property, then it stands to reason that you would be interested in learning about the top 5 mistakes that property investors make. I have observed these over the past 15 years. I have written a lot about the perils of buying the wrong property and tried …
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