If I told you about an investment you could opt into which could result in you potentially losing 50% of EVERYTHING you had, would you do it? I’ve already done it and I can tell you that it is the one investment I pay the most attention to.
If I told you about an investment you could opt into which could result in you potentially losing 50% of EVERYTHING you had, would you do it? I’ve already done it and I can tell you that it is the one investment I pay the most attention to.
It has taken me quite some time to learn about diversification and the impact it can have on my investing. But it turns out that I was actually diversifying even when I still had debt.
What would happen if I had been taken out by Mr Whippy the ice cream truck just then?
When we moved away from Wellington fifteen years or so ago our landlord at the time said “BUY property, BUY anything you can get your hands on, houses have never been so cheap and they are about to go UP in price”.
Bank accounts are not a set and forget. Banks change things and if you don’t watch much TV and have opted to receive statements and communications by email then you fall behind in what they are offering.
During our twenties and early thirties Mr Saver and I used to go “hunter gathering”. We literally called it that, like the effort of doing all that shopping would ensure the survival of our species. After a forty hour week at work we deserved to treat ourselves to some retail therapy.
Two years ago I was out shopping. I’m not much of a shopper; endless looking for stuff I don’t really need is not my idea of fun. But I WAS shopping for something I found enjoyable. A new Term Deposit.
A few times in life the universe is out to get you and it sets you a challenge so big that you realise that you can’t do it all. Something has to give and you have to decide what that ‘something’ is going to be.