Tag: Investing

How can I talk about money to people who don’t want to listen?

Last year, I took a long break from posting, in part because I was working on other projects (finishing off my first novel manuscript, yay!). But it was also in part because I felt sick of talking.

Specifically, I was sick of talking about money to people who don’t want to listen.

If you have someone in your life who doesn’t want to hear it when it comes to money (or if you yourself don’t!) read on!

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How can I get started enriching my life?

As 2018 ends, I thought a good way to start the new year might be to take a quick overview of some of the previous year’s most popular posts. (And some of my highlights!) Some of them are recent, some a little older – from 2017 or 2016. But all will help you get started enriching your life in 2019!

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How can I reduce investing anxiety?

A reader recently asked me whether I ever get nervous before a big investment, like buying shares. A better question would perhaps be when am I not nervous? Although my post today takes investing in the share market as an example, it’s really relevant to almost any worry. Not only investing anxiety and money troubles, but general concerns that keep you up at night.

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Is your portfolio diversified enough?

Diversification is an important topic, but one that isn’t well understood. And I don’t just mean by the general public. Investors aren’t great at understanding it either, apparently. Less than half of investors surveyed by the ASX (46%) claim that their portfolios are invested. And even that group holds just 2.7 financial products on average. A further 40%, who held 1.6 products on average, said they knew their portfolios were not diversified enough. But most worrying of all, 15% of investors admitted they didn’t know if their investments were diversified or not.

So how do you know if your investments are diversified? Or if they are diversified enough?

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What is an investor?

What do you think of when you read the word ‘investor‘? What mental image springs to mind when you hear that word?

Perhaps you’ve heard this riddle: A father and son are in a horrible car crash that kills the dad. The son is rushed to the hospital; just as he’s about to go under the knife, the surgeon says, “I can’t operate—that boy is my son!” Explain.

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Do you have too much American influence?

In one of the older posts here on Enrichmentality, we talked about financial resources being a bit like milk – in some cases, the older they get, the more off they are. So the time of production of any advice is important. Especially in the case of highly-specialised, subject to frequent change information. Like interest rates or tax rates or first home owner’s grants. But how much should we worry about where our advice comes from? Is there such a thing as too much American influence?

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What style of investing is right for me?

Last week we looked at the two ways you can earn money through investing: income and growth.

But how do you know which style is right for you?

It’s important that your investment strategy is aligned with your purpose. We all have different goals, and this means that a one-size-fits-all approach to investing simply won’t work for you.

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How can I make money investing?

According to Investopedia, investing is

“the act of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit.”

Note that it says “the expectation of additional income or profit”. It’s far from guaranteed. But just how can you make money from investing?

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When can I retire?

When it comes to talking about retirement, it surprises me how often I hear people say things such as ‘the government won’t let me retire until I’m 65’. Or, ‘by the time we’re ready to retire, they’ll have pushed it back to 70’.

But there’s no reason to assume that your retirement age will be the same as your superannuation preservation age or your pension eligibility age.

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