Comfort with Money

If you are a disciplined investor you will recognize that it is IMPOSSIBLE to buy nothing but bargains every time you enter the market. It is equally impossible to buy at the bottom of the market and sell at the peak of the market for a particular share unless you are especially lucky, and if you are I will guarantee that you cannot keep on repeating that experience. If Grandma has left you $10,000 in her will and you sensibly decide to invest it in the share market (remember

Risk…the possibility that something bad will happen. To my great chagrin the financial services industry, or at least those who are not prepared to do much thinking on the subject, have no clear concept of what is “risk” and what are its degrees. If you walk across a railroad track there is a risk that the train will run over you and you will be dead. If you walk across a rail crossing and the train is coming in your direction at 80 kilometres an hour and you stay on the trac

Two middle aged gentlemen with whom I was acquainted had remarkably different tastes, especially about what they spent their considerable wealth on. One loved driving relatively new luxury European cars and had his annual holiday in the “family” home, which his father had built at Tin Can Bay when all his kids, including my acquaintance, were pre teens. The other spent his money either on stateroom cruises in exotic parts of the world or brief exotic holidays in places where

How you spend your money, your discretionary money that is, is a matter of your personal choice but as long as it is YOUR choice then no one should criticise what you spend it on. Having chosen to spend it, that money has gone. You have therefore lost the OPPORTUNITY to do something else with that money. When you can identify chunks of money that you have spent and calculate what income you could be making by investing that money in something else that would earn you “x” doll