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Articles by Stuart Wemyss

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Stuart was a Chartered Accountant before establishing mortgage broking firm ProSolution Private Clients. He has authored two books and shares his experience with readers of Property Update. Visit www.prosolution.com.au


Never save money for the future
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Never save money for the future

Many people don’t like to save for the future because they think it’s painful. Saving means they have to do without. Conversely, spending today is fun and enjoyable.  Buying a new gadget, a new pair of shoes, dinner at a fancy restaurant, some wine (well, I regard wine as more of an investment). These things…

Passive investing involves more than just buying an index fund
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Passive investing involves more than just buying an index fund

Over two years ago I wrote this blog which espoused the benefits of passive investing. According to Morningstar, in the 2016 calendar year, $340 billion flowed out (net) of active funds management in the US.  By comparison, over the same period, $500 billion flowed into passive funds (net). This overwhelmingly demonstrates that investors are voting with their feet…

Money is an empty victory
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Money is an empty victory

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…

Avoid these types of properties like the plague
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Avoid these types of properties like the plague

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. I strongly believe that off-the-plan apartments do not make good investments. And I put new-build townhouses and houses in the same boat….