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
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,…
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…
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:…
I’ve read dozens of books on Warren Buffett over the years, so when I saw The Winning Investment Habits of Warren Buffett and George Soros on the shelf I wasn’t 100% sure whether I would read it. The author is Australian writer and businessman Mark Tier and the blurb on the inside cover said that…
When will Australia be back in business? Maybe sooner than you think… It was a glorious sunrise down at Sunshine Beach this morning, and it’s become abundantly clear that Australia is getting back to business now. The tradies were out in force, the jackhammers were very active as renovation and construction has resumed, coffee shops…
Chris Joye of Coolabah Capital put his neck on the line in predicting that housing values would either move sideways or drop by no more than 5 per cent from their peak, before resuming their cyclical boom in the second half of 2020. In April he’d have been heartened to see a rise in prices…
There’s been a fair amount of talk about negatively geared landlords, and whether they might need to sell property during the rental market disruption. You should never judge a 20-30 year investment on what’s happening right now, but it’s nevertheless worth taking a look at the current state of play. With the Airbnb sector effectively…
With Australia’s borders effectively all but closed right now there will be a surge of Airbnb and other short-term lets hitting the rental market, including many furnished lets. Much of this accommodation is by its nature far more suitable for students or short-stay tourists than it is for families or young professionals, but in aggregate…
History is littered with the names of billionaires and wildly wealthy individuals that suffered from sadness, personal tragedy, illness, or depression. While it may be hard for most of us to emphathise with the super-wealthy, this alone is compelling evidence that success and happiness should be measured in more than solely financial terms. The extreme…
A quick break from the Coronavirus news which is evidently usurping the planet! The ABS reported that the capital cities population of Australia increased by +303,100 in FY 2019. Greater Sydney, which includes the Central Coast, increased by +87,100 or +1.7 per cent, and remained the most populated city at 5.31 million. However, Melbourne grew…
