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2024 Q1 March Quarter Review
Read more: 2024 Q1 March Quarter ReviewEconomic Overview Q1 2024 was another positive quarter from both an economic and investment perspective. Global markets notched strong gains led by the enthusiasm for all things artificial intelligence, while the important US economy continued to prove resilient. The expectations for rate cuts have also continued to play a role in underpinning market performance, but there is some recognition the number of cuts may be fewer and the pace of them may be slower than was previously hoped. Australian shares lagged their global counterparts, but still delivered a very healthy mid single digit return, and the ever-volatile Australian listed property…
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Getting your RAD back
Read more: Getting your RAD backMoney you pay as a lump sum for your residential aged care room will be refunded to your estate – so what do you need to know about when and how your money is refunded. Accommodation payments (called Refundable Accommodation Deposits – RADs for short) are one of the most misunderstood areas of residential aged care. Many people don’t realise that a RAD is not “lost” money but is refundable when you leave care or pass away. When entering care you will have the choice to pay for your room as a lump sum or a daily fee. If you…
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Investing Has Been Solved
Read more: Investing Has Been SolvedA few years back, entrepreneurial guru Tim Ferriss, had the author and documentary maker Sebastian Junger on his podcast. Junger, who has taken plenty of risks in his career, including spending substantial amounts of time embedded with US soldiers in Afghanistan, was asked by Ferris what advice a 70-year-old Junger would offer to his current self. Junger offered the following: I think I would say to myself that the world is this continually unfolding set of possibilities and opportunities. And the tricky thing about life is, on the one hand, having the courage to enter into things that are unfamiliar. But…
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Blended
Read more: BlendedIt’s said that grey divorce is on the rise. Around a quarter of divorces are marriages that were twenty years or longer. Thirty years ago, it was around one in five marriages. And while it might not be a huge difference, there’s one thing that has changed since the 90’s. Wealth. There’s a lot more wealth in housing and superannuation than there was back in the 90’s. While a divorce earlier in life might potentially be ruinous, later in life there’s usually more of an asset base there. A house, superannuation, and other investments. In some cases, it won’t be…
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No Country for Old Stock Pickers
Read more: No Country for Old Stock PickersTowards the end of the film “No Country for Old Men”, Sheriff Ed Tom Bell played by Tommy Lee Jones, goes to visit his wheelchair bound cousin, Ellis, played by Barry Corbin. Ellis informs Sheriff Bell he’s been recently corresponding with his wife by letter. “Loretta tells me you’re quittin’. How come’re you doin’ that? “I don’t know. I feel overmatched.” Replies Sheriff Bell. Sheriff Bell is despondent. He’s seen the aftermath of a violent chase across Texas for a stolen $2 million and believes things have changed for the worse. Customs, beliefs, and behaviours of people aren’t what they…
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