Tough markets out there right now. How are you coping? The journey towards building wealth starts with the battle between your ears. š¦šš¼š½ šš½š²š»š±š¶š»š“ šš¼ šŗšš°šµ šš¶šŗš² š¶š» šš¼ššæ šµš²š®š±! Instead, increase your exposure to humility during markets like these.ā¦
Could it be that we have seen the peak in global oil demand back in 2019? I wouldn’t know. Due to COVID-19, experts are predicting that the oil demand peak might happen earlier than previously thought. BP says it couldā¦
Had a chat with my sons. I thought at their age of 20 and 18 (soon) it is about time for some real adult talk. So I asked them whether they’d prefer wisdom or gold. The unanimous answer was gold.ā¦
I had a sobering meeting with a former colleague from work. We had not met for years. But I vividly remember him making a commitment at the end of our previous coffee chat in 2016 or was it 2017 thatā¦
There are people out there who want to be richāwithout the risk,Ā the sacrifice, orĀ the delayed gratification necessary to accumulate such wealth. But you and Iālogicallyādo not belong to that group.Ā Ā Of courseĀ not! Well,Ā in my case, thatĀ statement isĀ a tiny bit of wishfulā¦
Why do we consciously do things which weĀ genuinely know are not beneficialĀ to us? A non-financial example includes smoking cigarettes (we know we shouldn’t,Ā but many doĀ anyway), while a financial example includes not living within our means, or saving up for aā¦
No, not really. Finance is a simple industry made to look and sound complicated to justify fees. Just one example, active managers love to confuse us by using Greek words. Like ā alpha ā to describe what other industries callā¦
Number 1: The age you start saving The younger you are the larger your crucial asset. That asset is called time. And I bet you have more of it left than me. I certainly do have more Christmas days behindā¦
Was reading the Sunday Times today when several “Unit Trust Providers” and “Actively Managed Funds” peddling their services through ads caught my eye. Whenever I do read those eye-candies, I can’t help but recall the miserable track record of activeā¦
Or otherwise known as reliance on old-fashioned financial institutions and outdated economic structures.Ā Ā Partly,Ā it is due to habit;Ā partly, because ofĀ our concerns about liquidity; and partly,Ā because we think that it is always risky to experiment with new things where we might lackā¦