Share Market

FGfrom50

NYC Player
140
88
Plan to further down the track. They're an excellent investment as part of a balanced portfolio. Personally not at that point yet, focusing on a first home.

EDIT: For what it's worth, when I get to that point, I'll probably be looking at an index fund or something like that. I think they make the most sense if you don't really know what you're doing, which I don't.
 
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Dexter

State of Origin Rep
5,003
1,992
This is a s close to a money thread as I could find.

Has anyone here read the barefoot investor?. If not, do yourself a favour and get a copy. Read it then read it again.
It's the best money advice you will get and, if you follow the advice, when you get to my age you will be very well off.
I only wish it was around when I was in my 20s.
 

Super Freak

International Captain
Staff
25,230
12,560
Brisbane
I bought some shares a while back, I made quite a bit of money from it. It’s something I will be looking at doing again in the near future.
 

ningnangnong

HACK THE PLANET!!!
23,348
7,092
This is a s close to a money thread as I could find.

Has anyone here read the barefoot investor?. If not, do yourself a favour and get a copy. Read it then read it again.
It's the best money advice you will get and, if you follow the advice, when you get to my age you will be very well off.
I only wish it was around when I was in my 20s.
You mean this, Dexter Dexter?



Is it really that good? There are a hell of a lot of financial advice books out there!
 

Renegade

NRL Captain
3,902
2,929
This is a s close to a money thread as I could find.

Has anyone here read the barefoot investor?. If not, do yourself a favour and get a copy. Read it then read it again.
It's the best money advice you will get and, if you follow the advice, when you get to my age you will be very well off.
I only wish it was around when I was in my 20s.
Someone introduced it to me a fortnight ago. Great book. Just waiting for my house to sell to put it all into action (goes unconditional next tues)
 

soup

State of Origin Rep
6,951
4,803
Ive been meaning to get this book for the last year or so. Sitting at Roma St transit centre I pulled out laptop, tethered to smartphone, downloaded ebook and transferred to Kobo ereader for the coach trip home. Technology is rad!
Thanks for reminding me Dex
 

Dexter

State of Origin Rep
5,003
1,992
I'm going to buy it purely on your recommendation Dex!
I'm sure you will enjoy it ning. Mind you, this is not a quick fix or magic bullet of any kind. It's purely about building good habits and routines, some of it you are probably doing already and some of it may not suit you.

Be sure and let me know how you find it.
 

ningnangnong

HACK THE PLANET!!!
23,348
7,092
I'm sure you will enjoy it ning. Mind you, this is not a quick fix or magic bullet of any kind. It's purely about building good habits and routines, some of it you are probably doing already and some of it may not suit you.

Be sure and let me know how you find it.
I like to think I'm pretty savvy with the finances, though fairly low risk in my actions. Admittedly, I did just thrown down money on that bike I mentioned in the exercise thread, so I could probably do with building some good habits. :biggrin:

Planning on picking up a copy after work tomorrow, hopefully I don't forget!
 

Dexter

State of Origin Rep
5,003
1,992
A note from The Bare Foot Investor.

Let me tell you a story about how I quadrupled my money.
In September 2011, Warren Buffett’s company, Berkshire Hathaway, announced a plan to buy back its own shares.
I remember sitting there thinking to myself, “Well, if the best investor in the world thinks his shares are worth buying … who am I to argue?”
But it gets better, because at that time our dollar was trading at record highs — one Yankee dollar for one Aussie dollar.
So, I took a deep breath and bought as many Berkshire Hathaway shares as I could afford. And, less than seven years later, I had quadrupled my money.
That very profitable experience taught me that when the wealthiest investor on the planet speaks, you stop what you’re doing and you listen.
Well, last week Buffett released his annual shareholder letter, and there’s one lesson in there that we all need to take note of ...
At the start of the letter each year Buffett usually prints his very impressive track record:
Over the past 53 years Berkshire Hathaway shares have increased by a cumulative 2,404,748 per cent.
Yet this year Buffett did something a bit unexpected. He decided to highlight in a table the times that Berkshire’s share price totally tanked:
In the 70s his shares fell by 59 per cent.
In the 80s his shares fell by 37 per cent.
In the 90s his shares fell by 50 per cent.
And in the recent GFC (2008) his shares fell by 50 per cent.
“This table offers the strongest argument I can muster against ever using borrowed money to own stocks. There is simply no telling how far stocks can fall in a short period”, Buffett wrote.
Hmmm.
Right now in the US, ‘margin loans’ (loans taken out to buy stocks) are at all-time highs. Much higher than at the peak of the GFC. And that’s before you factor in the widespread use of home equity lines of credit to buy stocks (people borrowing against the equity in their home loans), or risky funds that have inbuilt leverage (which multiplies your gains … or your losses).
Buffett, who is famously ‘greedy when others are fearful’, has built up the most amount of cash he has ever had sitting on the sidelines — ever.
Join the dots.
The most successful investor in history is telling us that low interest rates and too much debt have pushed the prices of stocks too high. He’s been in business for 53 years and seen it all. So what’s his prediction?
“In the next 53 years our shares (and others) will experience declines resembling those in the table. No one can tell you when these will happen. The light can at any time go from green to red without pausing at yellow.”
Tread Your Own Path!
 

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