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Transitioning to a Goals Based Future
Read more: Transitioning to a Goals Based FutureAny successful career will at one point see a peak and then a decline. If we take authors as an example, Truman Capote hit his peak with the release of In Cold Blood, but never finished another novel, descending into alcoholism and drug addiction. Capote’s good friend Harper Lee wrote the classic To Kill A Mockingbird, but she never published another novel (a first draft of To Kill A Mockingbird was published under another title in 2015). Consider active investment managers. Many can be lauded for their successes and anointed as geniuses we should follow, but there’s a reason for…
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Lightening The Mental Load
Read more: Lightening The Mental LoadLast week we looked at the potential for age related cognitive decline. It’s no great secret that as we age our bodies begin to go into some form of decline, it can’t be disputed because the evidence is visible. Mental decline isn’t visible, no one knows what’s happening in anyone else’s head. This means it might be more open to dispute, delaying any response. Setting aside pride and accepting the potential for decline is the best way to deal with any cognitive issues before they occur. While the focus last week was the potential for cognitive decline in those over…
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Making Evergreen Financial Decisions
Read more: Making Evergreen Financial DecisionsIf you have even a passing interest in films, you’ll probably know the names Robert De Niro and Al Pacino. Both have been mainstays of the film business since the early 1970’s, with the pair acclaimed and awarded for their performances dating back to that decade. Despite their long resumes and regular appearances in gangster and crime films, the pair have only appeared onscreen together in the same film twice. First in the exceptional ‘Heat’ (1995) and the terrible ‘Righteous Kill’ (2008). Both appeared in The Godfather II, but never appeared together onscreen. De Niro played a younger version of…
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2019 June Quarter Review
Read more: 2019 June Quarter ReviewEconomic Overview It was a quarter of all-time highs in Q2 2019 as both the US S&P 500 index and Australia’s ASX All Ordinaries achieved new highs, albeit with very different time frames between their past highs and their new highs. Most developed markets posted good returns during the quarter, despite some May declines. For the most part it seemed to be accommodating language from central banks helping underpin share market gains. Uncertainty surrounding the US’ trade stance caused a May market wobble. However, investors were soon re-encouraged by continued dovishness from the Federal Reserve and indications of progress in…
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Five Lessons from Goldsky
Read more: Five Lessons from GoldskyOver the weekend, the Australian Financial Review profiled one of the victims (story behind paywall) of the alleged Goldsky ponzi scheme, along with ASIC’s apparent lack of action in shutting Goldsky down before too many unsuspecting investors were drawn in. We briefly wrote about Goldsky last year, highlighting well known sportspeople had seemingly been duped into placing their money with the fund, along with some having their names used in fund testimonials. At their very heart, ponzi schemes are able to exist because of a lack of scruples from the people running the ponzi. That lack of scruples is then…
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