Finance & Fury Podcast
546 episodes - English - Latest episode: 11 months ago - ★★★★ - 4 ratingsThere is zero formal financial education through the standard schooling system.
Your formal education prepares you for your career and making money! ...but after graduation you're on your own trying to figure out what to do. This leads to a lot of frustrated, furious people!
Finance and Fury picks up where your formal education left off, providing a unique insight into the world of economics, personal finance and building wealth with three different episodes each week.
To start the week, in Mondays' episodes we look directly at personal finance, so you can act independently and make your own financial decisions - not follow the crowds. Let's be real here, how well is that working out for the ‘average’?
Say What Wednesdays – Each Wednesday we give you the answers you are looking for and respond to questions from our listeners (that's you!)
Furious Fridays – Each Friday we explore often misunderstood topics about finance and the economy, shedding some light in dark places, and challenging some common misconceptions.
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Episodes
How to not get screwed over when buying property
September 23, 2018 23:58 - 19 minutes - 17.6 MBHow to not get screwed over in property, the warning signs of scams and how to do your property research Warning signs of scams Off the plan/cold calling companies Buying off-the-plan, or purchasing a property that has yet to be built – The time between the sale and completion and settlement of the dwelling means that "buyers are essentially paying today's prices for a product in tomorrow's market" Makes sense in what looks to be a rising market – most off the plan are oversupplie...
Is social media at a tipping point?
September 21, 2018 06:38 - 18 minutes - 17.2 MBToday we’re looking at the market environment for Facebook, Google, Twitter, YouTube etc… their costs are going to far outpace what their revenues will be. Are they on their way up, or on their way down? EU copyright laws affecting business models Proposal for online forums to be banned The difference between a ‘platform’ and a ‘publisher’ and how the law treats each of those definitions Facebook is down 30% - and have advised that revenues would continue to slow down and its costs...
What advice would you give your 21-year-old self?
September 18, 2018 23:10 - 8 minutes - 7.71 MBToday’s question is from Declan, “What advice would you give your 21-year-old self?” To my 21-year-old self I would have the following advice: Life is a series of challenges, the more you solve the better your life becomes. Always continue learning - I thought after Uni I was done studying, but realised that the more you know the more you can solve. The more you learn the more you earn - By investing time and money to pick up new skills, you become a more valuable member of your comp...
Younger than 35 are experiencing low to negative income growth - but there are real ways of actually getting around it
September 17, 2018 00:57 - 14 minutes - 13.2 MBToday we’re talking about a news article that came out highlighting that young Australians’ are experiencing either zero, or negative income growth. Stats throughout history How to increase your income - whilst this is a real issue, there are real ways of actually getting around it. The 'Smashed Avo' reference - the idea young people can’t afford to buy a house because they’re living large. The origins of ‘smashed avo’ as a reference to millennial laziness, meanwhile, go back to a c...
Elon Musk, Tesla and how CEOs affect share price
September 14, 2018 02:32 - 15 minutes - 14.6 MBToday we’re talking about the markets, how CEOs affect share price and how public perceptions can make or break. We look at Elon Musk. Musk is a business magnate, investor and engineer. He is the founder, CEO, and lead designer of SpaceX; Co-founder, CEO, and product architect of Tesla, Inc.; Co-founder and CEO of Neuralink; and co-founder of PayPal. In what has been a pressure-filled year for Tesla, the company’s third-quarter performance might be its most important test ...
Shorten vs Morrison
September 12, 2018 01:19 - 21 minutes - 19.9 MBThe political spectrum and where we line up, plus a look at what we know so far of Bill Shorten and Scott Morrison’s policies. Everything is portrayed as a ‘cost’, which is ironic. “Costs” from the Government’s perspective is simply NOT charging you tax. Not taking all income earned is a trillion-dollar cost to them. Shorten’s Policies Lowering 50% CGT discount to 25% (for assets purchased after 1 July 2017) People will potentially hold onto assets longer because they will be ta...
How much do you really know about cash and how it works?
September 09, 2018 23:31 - 16 minutes - 15 MBIn this episode we discuss Cash. We will run through what type of asset it is, how the currency system works, and how it can be manipulated! We also discuss: The good old days of the Gold Standard What the real uses for cash are What are the uses for cash, and how you can improve your position. Why you can get a 60% interest rate in Argentina, but it may not be worth it! What to do with cash and the potential negatives of doing so!
Housing Market Update
September 07, 2018 01:22 - 18 minutes - 17.3 MBToday’s episode is a Market Update and we look at a few of the factors that affect our market. We will discuss why these things matter, and why we are in the state we are in! In this episode we discuss: Consumer confidence – Look at the savings ratios Business Confidence – what factors are affecting it and what this means for the economy. Australian Wages and labour - Unemployment and underemployment and how it is correlated with difficulty finding labour Housing Market - House pr...
Petrol Prices are going up – why is this and what to do about it?
September 05, 2018 06:23 - 14 minutes - 12.9 MBAustralian motorists are suffering the biggest annual increase in petrol prices in 9.5 years as global factors combine to slug drivers at the bowser. ACCC - 2017-2018 financial year petrol prices on average rose by 10 percent, resulting in drivers struggling to make ends meet with the price of fuel. Add on people living further and further away – Adds to the weekly budget – making it harder to save! But motorists can manage this cost by using fuel price apps and websites to reward re...
Falling Auction rates across Australia
September 03, 2018 00:09 - 13 minutes - 12.5 MBThe decline of auction rates and confidence in the market The number of homes being put up for auction across Australia has plummeted as falling property prices and fewer cashed-up buyers shake the confidence of owners looking for the right time to sell. CoreLogic - properties taken to auction last weekend was 1,909 - down from the previous year - 2,270. The number of homes being taken to market is down on average by 20 percent. Sydney, the preliminary clearance rate was 59.1 perc...
The Death of Stalin
August 31, 2018 03:17 - 24 minutes - 22 MBLast episode we ended with Lenin’s death. The roll out of Communism was well underway and it was time for new leadership. One his last policies before he died in 1924 was the New Economic Policy (NEP) in 1922… A mixed economy put in to place in order to reintroduce a level of private ownership into the economy. Individuals could own small enterprises and some private property. Tax in the form of ‘Quotas’ were introduced with people getting to keep and trade what they produced over and abo...
What's an Education Fund and what are the tax benefits?
August 28, 2018 06:00 - 13 minutes - 12.7 MBWelcome to Say What Wednesday! This week the question comes from Sean, "You spoke about Education Funds in a recent episode, I’m just wondering if you can explain this further?" In this episode we discuss What Education Funds are, The pros and cons of using Education Funds When and how to use them
The magic trick to paying off a mortgage in a shorter time frame
August 27, 2018 00:14 - 13 minutes - 12.8 MBIn this episode we discuss the magic trick to paying off a mortgage in a shorter time frame, to save thousands in interest costs. The trick is that there is no magic trick - plain and simple. Like the dream of 7-minute abs, or 6-minute abs.... (but what about 5-minute abs!) it takes a bit of work to get it done. In this episode we discuss: One simple strategy is to make your mortgage payments weekly, in addition to increasing your repayments. With this formula you can halve your...
The price of free is freedom – Taking a look at Lenin's reign of terror
August 24, 2018 01:31 - 24 minutes - 22.3 MBToday we’re going to run through the very first implementation of Communism on a mass scale. Our last few Furious Friday episodes are a lead up to this. If you didn’t catch those episodes, it’s not the end of the world but if you did manage to have a listen it will provide a bit of context to this episode. Russia – 1917 under Vladimir Lenin & the Bolsheviks (Spoiler alert! It didn’t end well!) Firstly, it’s important to understand Russian History, pre-1917, as a prelude to the events t...
Which platform should I choose for investing and trading?
August 22, 2018 03:58 - 13 minutes - 11.9 MBWelcome to Finance and Fury’s ‘Say What Wednesday’. Today’s question comes from Braden, “What are the tools for young people to invest in exchange trading funds or the wider share market? Can I only use Commsec or Nabtrade, or are there better options out there?” Let’s start by considering the following features of competing online share brokers; Fees You’re charged brokerage for every buy or sell transaction, with many fees around the $20 mark. Fees may be calculated as a percentag...
Commercial v Residential Property; the pros and cons if you're considering investing
August 20, 2018 04:40 - 19 minutes - 17.5 MBWelcome to Finance and Fury In today’s episode we’re talking about property - Commercial vs Residential. It’s often a question people ask when they’re looking to start investing in property and considering which is the best type to get in to. What is best to buy? Residential or commercial? What do you want to achieve? They aren’t the same beast – Whilst they’re both ‘property’ they aren’t really the same thing and behave quite differently Residential Property Homes or apartme...
The Devil giveth and the Devil taketh away
August 16, 2018 06:32 - 32 minutes - 29.7 MBWelcome to Finance and Fury! If you haven’t listened to last Friday’s episode go check it out, it’s a prelude to this episode. Today we are going to discuss the founder of Communism – Karl Marx, along with his ideas. 1848 – Karl Marx, along with Friedrich Engels, brought the philosophy of Communism to the masses. We’ll start with a brief outline of his life. Whilst we could go on for a while about him, I’m more interested in looking at his ideas, which are more important. We will talk ...
Want to know how to make the most of your money? Find and forge your own path
August 15, 2018 07:21 - 10 minutes - 9.5 MBToday’s episode is just a quick one. I’ll be going over a couple of questions I have had over the past few weeks about the personal finance course we’re launching. Plus, we have an exciting announcement at the end. First off, why does the course exist to begin with? There is almost no financial education at any level of the schooling system. Unless you teach yourself, or someone else teaches you, it is almost impossible to completely understand personal finances or investments. This ha...
We're addicted to easy hits of dopamine, and it's impacting our ability to build wealth
August 13, 2018 05:49 - 26 minutes - 24.7 MBToday we will talk about the fundamental principle of being wealthy. It’s very basic, and, if you get it right, you will start to accumulate wealth…which is the whole concept behind actually being wealthy. You don’t get dumped with a truckload of cash and all of a sudden find yourself wealthy – those who are wealthy tend to have accumulated their wealth over their lifetimes. It’s about keeping more of your money, and investing it to grow over time. The big dream: Have millions o...
The Holocaust, famine in the Ukraine, and how we just keep repeating the same mistakes, Rick and Morty style
August 10, 2018 05:37 - 20 minutes - 18.5 MBWelcome to Finance and Fury, Furious Friday Have a think about how much you know about history? Are you familiar with the big events, like WW1 and WW2? Events that have been re-enacted in movies like Saving Private Ryan? Did you study it at school? Have you done your own research and study on these events as well? I’ve been listening to a lot of history podcasts: Dan Carlin’s Hardcore History is one of the best, the History of Rome podcast, as well as History on Fire… basically anything ...
The perfect investment mix
August 08, 2018 01:23 - 17 minutes - 15.7 MBToday’s Say What Wednesday question is from Linus. Linus asks, ‘I was just wondering what you think the ideal weighting of Australian (ASX200) ETFs, similar international ETFs and Bonds is in an investment portfolio? Love the show, thanks.’ There’re a few things to cover off here! The ideal weighting of Asset allocations; that is, how much you have allocated to Australian Shares, to International shares, to Bonds, etc. To determine the ideal weighting there are 3 questions that need...
Financial Stress: A major issue for many Australians – We worry about money more than anything
August 06, 2018 03:38 - 14 minutes - 13.2 MBTo start today’s episode, I want you to think about if there is something that you keep putting off. A nagging little task, like paying a bill, lodging a tax return, doing a budget and so on. Does this cause you stress? Little things in the back of your mind actually tend to build up over time, taking up your brain function bandwidth. When you actually get around to doing it though, it’s never as bad as what we think. We build things up to be a big problem in our minds, but they really...
Could social security be the greatest Ponzi scheme ever?
August 03, 2018 06:49 - 18 minutes - 16.7 MBWelcome to Finance and Fury, Furious Friday! I saw an ad this week for a movie called ’Wizard of Lies’ – Bernie Madoff movie – 2008. He was a stockbroker, investment adviser and financier who made headlines around the world when he was arrested for one of the largest accounts of financial fraud in U.S. history. What he was operating was known as a Ponzi Scheme (named after Charles Ponzi, who became notorious for using the technique in the 1920s) For those who aren’t aware the defini...
The ups and downs of Bitcoin - currency, investment opportunity, both... or neither?
August 01, 2018 03:31 - 16 minutes - 15.4 MBToday’s question comes from Richie, who asks, “Have you been following the Bitcoin ETF at all? If so, are you able to do an episode on this and if it is worth looking into?” Thanks for the question, Richie…and yes in fact I actually have been following it. I noticed that the price jumped up about 20% on the news that the SEC in the US was considering allowing ETFs for Bitcoin. Crypto currency fascinates me, but not as an investment option. That is, I like the technology but haven’t bough...
Bonds; How do they work, when do they increase in value and how do they fit into your portfolio?
July 30, 2018 04:38 - 18 minutes - 16.6 MBToday’s episode stems from the question last week from William about investment bonds (an investment vehicle, kinda like a life insurance product). Today however, we’re talking about the asset class of Bonds What are bonds? A bond is a debt instrument - a form of lending. Part of the ‘Fixed Interest’ asset class (ever seen a multi sector asset allocation, like inside a Super Fund) Financial Product designed to raise money for the entity that issues the bond I liken it to an int...
Is minimum wage such a good thing after all?
July 27, 2018 06:01 - 23 minutes - 21.9 MBWelcome to Finance and Fury! The main aim of our Furious Friday editions is to clear up misconceptions. We’ve been seeing a lot of news stories lately about companies underpaying staff – 7-Eleven, hospitality businesses, celebrity chefs etc. The incidence of this has risen over the past few years – why can’t these people just pay the legal wage? This episode may be a bit upsetting depending on what side of the coin you’re looking at…we’re talking about wage controls, that is, Minimum...
Getting tied up with Investment Bonds
July 25, 2018 02:23 - 14 minutes - 13.7 MBWelcome to Finance and Fury’s ‘Say What Wednesday’ where we answer your questions on personal finance. Today’s question today comes from William who asked us to do an episode on Investment Bonds. Investment bonds - What are they? Investment vehicle - Not to be confused with bonds which are a (Debt instrument) investment (just in case the question was asking to cover these, I’ll do another episode on these too) An investment bond is technically a life insurance policy Nominate a benef...
Fractal property investments: dipping your toe into the property market
July 23, 2018 00:53 - 15 minutes - 14.1 MBIt’s no secret that property is expensive in Australia – it can be pretty disheartening for those trying to get into the property market especially if you’re trying to buy your first home. So, in today’s episode we’ll be covering off how to buy property using what’s called a fractal investment. It’s about getting into the property market in small increments rather than the traditional way. Getting into the property market can be risky, costly, time consuming. Rather than buying a full p...
Are low interest rates actually a good thing?
July 20, 2018 02:36 - 23 minutes - 21.7 MBFor the last few weeks we have been talking a lot about the economy; the Reserve Bank, printing money, and now we will be finishing off by talking about the final effect of this – Interest Rates. Today, we ask the question; Are low interest rates actually a good thing? Well, I guess it depends on who you’re asking… The Economy as a whole e.g. Business The population – you and I Retirees – Low rates don’t look so good – they’re trying to save money in cash to live their lives out. ...
Should I lock in a fixed rate on my home loan with interest rates so low?
July 18, 2018 01:17 - 15 minutes - 14.3 MBWelcome to Say What Wednesdays – Where we answer your questions about personal finance and the economy! This week’s question comes from Michael. His question related to interest rates, and to not give away his details I’ll paraphrase: “With interest rates at the moment being currently fairly low on my personal home, do you think it is a good time to lock in a fixed rate, or should I keep it variable? I can’t give a yes or no answer on this one without knowing more about your personal si...
Porsches, Paintings and Property Prices: Alternative investments and what they can mean for property and the economy
July 16, 2018 02:12 - 20 minutes - 18.3 MBAlternative investments and what they can mean for property and the economy Classical Car Index The CommSec Luxury Vehicles Index lists the following as luxury vehicle makers: Audi, Aston Martin, BMW, Bentley, Ferrari, Hummer, Jaguar, Lamborghini, Lexus, Lotus, Maserati, Maybach, Mercedes-Benz, Morgan, McLaren, Porsche and Rolls Royce Wine index – Liquid assets Art or Luxury Property Characteristics Almost like an asset backed security - No income, gains come from the increase i...
The centralisation of power and control of the economy
July 13, 2018 05:21 - 25 minutes - 23.5 MBWelcome – Last Friday we looked at the stock market crashes of 1907 and 2008 Difference between them was the crash of 1907 had no intervention by any central bank in the USA – because no central bank actually existed yet. But this crash lead to the creation of the US Central Bank (Federal Reserve). This made way for the intervention by central banks in 2008 to try to advert more of the crisis in the banking sector than what was experienced in the past. So, today we will be talking about ...
Do you need a family trust? When it's beneficial, when it isn't, and what you need to know about how it all works
July 11, 2018 01:45 - 15 minutes - 14.3 MBThis week’s question is, ‘do I need a family trust?’. I have had a few questions about this over the past weeks, however in order to avoid making this ‘personal advice’, I thought I’d just talk about it in more general terms. What is a family trust? Family Trust refers to a Discretionary Trust set up to hold a family's assets or to conduct a family business Established by a family member for the benefit of members of the 'family group' Established to hold assets for mainly two rea...
ETFs and the greater economy - their impact on financial crises and bubbles bursting
July 08, 2018 02:12 - 17 minutes - 16.4 MBThough banks bear much of the blame for previous financial crises, ordinary investors play a more central role than most people realise… …through greed, and fear. Ironically, it is likely to occur through a vehicle which has been created with just that in mind – exchange-traded funds, or ETFs Listed funds are passive by nature, designed to track the performance of an index of stocks, bonds, currencies or commodities, rather than to pick and choose among individual companies. The ETFs...
History repeats itself - GFC's, and how the banks and government regulation have impacted financial crashes in the past
July 06, 2018 04:37 - 18 minutes - 16.6 MBThis week we continue with where we left off last week’s episode - is it the Banks, or Government Regulation and interference, that causes financial crashes. Let's take a look back on America and their financial crashes through history 1873 – 1907 – Financial panic was common 1983 a bank panic triggered worst depression US had seen – Stabilised after J.P. Morgan stepped in – P. Morgan – The monopoly man, founder of J.P. Morgan Bank Speculation that J.P. Morgan caused this throu...
Why has Telstra tanked? Is it a good time to buy, or sell?
July 04, 2018 01:18 - 17 minutes - 15.8 MBWhy has Telstra tanked? For so long, Telstra has been a Market Darling … a great dividend-paying share, almost like the world’s best term deposit…but what has happened? They are out of favour with investors for the past 3 (or so) years… What has gone wrong: Telstra has warned investors to brace for a profit level at the lower end of its guidance range, but remains committed to a 22-cent total dividend payment. Telstra has blamed "challenging trading conditions" for a pre-tax and in...
[Financial] New Year's Resolutions: how to get ahead in your finances and be in a better position this time next year
July 01, 2018 06:22 - 12 minutes - 11.8 MBWelcome to Finance and Fury Welcome to the New Financial year – looking back on the year, are you in a better or worse financial position than you were this time last year? Today’s episode we’ll be looking at how to be in a better financial position this time next year. Ways to get ahead in your finances The compounding effects of the little changes in behaviour and things you do everyday What does a “better position” actually look like? In general terms – there are catego...
Busting the myth that our big 4 banks are "Too Big to Fail" (Part 1 of 2)
June 29, 2018 09:07 - 20 minutes - 18.5 MBWelcome to Finance and Fury, the Furious Friday edition! Today’s misunderstanding is about the “Too big to fail” myth. I want to tell you a story. It’s probably a relatively unheard-of story… of our “Big 4” banks and their recent history. The whole point of this is to answer: Are financial collapses created by too many regulations, or not enough? The answer seems to be that more regulation is the only way to solve future financial crashes and any financial collapse has had so...
Should you reduce debt or use surplus cash to build wealth? Negotiating with future-you
June 27, 2018 03:25 - 15 minutes - 14.1 MBWelcome to Finance and Fury, “Say what Wednesday” Where we answer questions about the world of personal finance. This week, the question isn’t from a listener but a common one recently from people I have been meeting with. Best strategy for surplus cash: to reduce debt or use it to build wealth? Why is it important to ask this first? Finite resources – economic problem Wants and Needs – We have a lot of them Physical things Experiences like travel or going out Resources – A l...
Tax and Estonian e-Residency; Anyone can become an e-resident in Estonia, create a company and operate it in the EU
June 24, 2018 07:24 - 16 minutes - 15.3 MBWelcome! This week we will be talking about Estonia, which sits right on the Russian border, just below Finland. Anyone can become an e-resident in Estonia, create a company and operate it in the EU. Digital identity is probably the most significant legal and commercial and political concept we have in today's world Estonia is a very Digital Society - government services are provided online, including e-health, e-school, e-tax and e-voting. We will be focusing on Estonian e-Residency ...
Do you work full time? Are new tax cuts only going to the “top end of town"? Is this "selling Queenslanders out"
June 22, 2018 03:38 - 14 minutes - 13.3 MBWelcome to Furious Friday… The Tax Bill has Passed…Yay! Now, let’s clear up a little misconception floating around, we’re going to talk about the Robocall that was made to a lot of Queenslanders. I wasn’t “lucky” enough to get one of these calls, but I can just imagine it was the same voice that does all the smear campaigns. It said: "Right now, in Canberra, Pauline Hanson plans to vote with Malcolm Turnbull to give another tax cut to the top end of town. She's even giving herself a ma...
Buying Property inside an SMSF: Tips and traps, what works and what doesn't
June 20, 2018 00:33 - 15 minutes - 14.4 MBWelcome to Finance and Fury, 'Say What Wednesdays' where each week we answer your questions. This week's question is from Sandeep: “Hi, Can you please talk about how to purchase investment property using my superannuation?” Thanks Sandeep, great question! Buying property in superannuation First you need a Self-Managed Superfund (SMSF) An SMSF is a private superannuation fund, regulated by the Australian Taxation Office (ATO) that you manage yourself. All other funds are mana...
Savvy Super: Tips on what you can do now with little effort or sacrifice to maximise your future
June 17, 2018 01:25 - 21 minutes - 19.5 MBHave your Super set up – do yourself a favour! What will kill your retirement? Not looking at your super now. Would you trade 15 minutes now for $350,000 in 30 years? That is all this episode is, little things now for the future self – not hard, and your future self will thank you. Tips on what you can do now with little effort or sacrifice to maximise your future What is super? Most people think of superannuation as just something your employer pays into, which you can’t acces...
Is cheaper better, or do you get what you pay for?
June 15, 2018 00:39 - 19 minutes - 18.2 MBWelcome to Finance & Fury’s ‘Furious Friday’! Today’s misconception – Is cheaper better, or do you get what you pay for? Met with a client this week for an initial appointment – He had been reading ‘The Barefoot Investor’ I haven’t read it, but he had a summary of the tips in the book. His biggest take away were on the cost of things – basically, lower cost is the best option. But is it? You pay for costs for a reason - to get something out of it! Super – Admin fees and Managemen...
Where to start when you don't know where to start; financial literacy in an age of information overload
June 13, 2018 05:21 - 11 minutes - 10.8 MBWelcome to Say What Wednesday - Today’s episode is a special one! Plus there’s a bit of an announcement at the end. This all started with a question I asked myself a few years ago. The question is: How can I increase the financial literary of Australians? The Back Story Started reading books about investing at age 12, played the ASX School Share Market Game as well Started investing at 16 years old, just before finishing school Went to Uni and did Commerce and Economics degrees St...
When property will work – and when it won’t! Quick tips to help when investing in property
June 10, 2018 05:06 - 14 minutes - 12.9 MBWelcome to Finance and Fury Quick tips to help with making successful investments in property When property will work – and when it won’t! It is two-fold – How well the property works, and then what your own personal situation is like as well Situations that will work – essentially, doing well in property compared to not doing well Property Paying fair value or undervalue for the property - The first step is making sure that you don’t lose from the get go Don’t overpay – New buil...
If you think that you’re a victim, you are really your own oppressor! Building wealth and demand in an Inclusive System
June 07, 2018 22:22 - 18 minutes - 17 MBWelcome to Furious Fridays! Make sure you’re caught up with last week’s episode about the system and what it should provide System - Inclusive Vs Extractive systems Inclusive - Equality of opportunity – everyone has access, same rights, no preferences Accountable – Can’t be extractive: held accountable and easily removable, transparent What system provides – what incentivises should be available Property rights – keep what you own Ownership of what you own and purchase, Pate...
How I buy shares - the horror stories and the happy endings, plus Technical vs Fundamental Analysis
June 06, 2018 03:49 - 26 minutes - 23.8 MBWelcome to Say what Wednesday Today's question is from Emma. She says, “I'm new to the podcast so not sure if you have covered this in the past. I thought it might be cool to hear you analyse a specific stock or company; not like a recommendation but say something in the past. To avoid people taking it as a recommendation it could be something you have put money into and how it went or maybe something you lost money in and how that happened too.” Analysing stocks I’ll talk about the two...
Repress, suppress, invest! Check your emotions at the door
June 03, 2018 06:38 - 22 minutes - 20.9 MBWelcome – Today we're talking about controlling your behaviours and emotions...when it comes to investing Investing is an action, controlled by behaviours – emotions change your behaviours. Getting a good investment midframe allows you to invest well for the long term. How to start investing and not muck up – This means controlling your fear more than trying to control investments – Can’t control what investments do short term Fear is an emotion – Which stops you from investing Starti...
Evil Capitalism!!! Efficiencies, incentives, equal opportunities and reducing poverty
June 01, 2018 04:03 - 22 minutes - 21 MBIntroduction – Welcome to Furious Fridays Imagine you are a child North Korea - After school (which is mostly propaganda to solidify your ruler), 10 years mandatory military service No option to accumulate anything No way to start a business No way to buy your home Never own a car, telephone, or travel overseas Constantly looking over your shoulder, similar to Soviet Russia, 1 in 10 were government informants South Korea - Whatever you want – get a degree, buy a home South ...