Articles by Pete Wargent

Pete Wargent

Pete is a Chartered Accountant, Chartered Secretary and has a Financial Planning Diploma. Using a long term approach to building businesses, investing in equities, & owning a portfolio he achieved financial independence at the age of 33. Visit his blog


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Confidence bounces, but … Consumer confidence rose +1.2 percent last week to 93.5, according to ANZ-Roy Morgan, a 13-week high. However, confidence levels remain well below the monthly average since 1990 of 112.6, and even still a reading of 93.5 is equivalent to what Australia experienced through the financial crisis. Source: ANZ-Roy Morgan On March…

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There seems to be increasing evidence to suggest that women are better at…well, just about everything, really. In 2011, author Dan Abrams released a book under the title: “Man Down: Proof Beyond a Reasonable Doubt That Women Are Better Cops, Drivers, Gamblers, Spies, World Leaders, Beer Tasters, Hedge Fund Managers, and Just About Everything Else.”…

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International arrivals were close to zero in June, reported the ABS. The drop in visitors to Australia has been unprecedented, at close to 100 per cent. This does raise an interesting question as to why total rental vacancies have been falling since April on SQM’s most timely available figures. Partly this might be because border…

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We’re all watching the unemployment numbers carefully aren’t we? Well…employment and hours worked rose in July. Employment was up by an estimated +114,700 or +1.3 per cent to 12.46 million. However, employment remains -414,000 or -3.2 per cent lower than a year earlier. The rebound in July was mainly driven in July by New South…

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Aussie employment bounced from 12.1 million to 12.3 million in June as many parts of the economy began to reopen, driven by the re-hiring of part-time workers. Still, there’s a long way to go just to get back to nearly 13 million employed, which is where we were tracking in the first quarter of the year. The…

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How bad will our recession be? Maybe not as bad as many are suggesting. Freelance economist and journalist raised and articulated some very interesting points in a Twitter thread recently, especially with regards to luxury goods and items expenditure. Firstly, he noted, Treasurer Frydenberg has unleashed an enormous and unprecedented fiscal stimulus, to complement the…

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The self-determination theory (SDT) holds that there are THREE innate human needs which we must satisfy if we want to optimise our personal development, growth, and ultimately, results. If you want to realise your full potential, these three needs which you must fulfill are: 1. Competence – continually growing your level of knowledge, skills, competence, and eventually,…

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The Coronavirus shutdown this year has changed the rules of money in a number of ways. Here are 3 key ways in which the rules of money have changed. 1. Low-Interest rates here to stay The Reserve Bank in Australia has signaled that interest rates will be stuck at the effective lower bound for years…

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Tim Boyle of Finalytics says that there are 3 key drivers of property prices. These are: Supply – the rate of construction and the properties listed for sale on the market; Interest rates – the cost of borrowing; and Population growth – immigration, natural population growth (births minus deaths), and interstate migration. Or, as depicted in his infographic:…

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