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Category: The West Australian

Invest or die, it beats the pension

“Invest or Die!” was the alarming title of a finance book by a mate, John Beveridge, a few years back. I was expecting cold hard facts showing that “if you don’t invest, you’ll die”. Good book, but that’s not what it was about. However, it is true that wealthier people are healthier people. While the […]

Redraw, offset best by all accounts

What do Bob Hawke, Lance Armstrong and Bill Clinton have in common? All are very smart people who have said some really dumb things. Remember these classics? “I have never doped.” “I did not have sexual relations with that woman.” “By 1990, no Australian child will be living in poverty.” On a stupid scale of […]

How your children keep you poor

I’m guessing that when a small child urinates in a public pool, as they do, they’re thinking: “Hey, who’s going to notice one little wee in a pool this big?” “Even if I peed 2.7 times, who’s gonna know?” The little brats, sadly, are spot on. We won’t notice. The problem with public pools is […]

Secret out on indexed funds

Investment Wars, episode whatever. Cue the starting rolling credits. “In the never-ending battle of good over evil, of investment performance over opportunity cost, for positive returns over capital losses, in the hope that financial dreams triumph over budgetary nightmares …” Today, I bring you the most powerful investment philosophy of all time. Bizarrely, and sadly, […]

Look left, look right and handball the financial risk

Crossing the road safely is a life skill you can’t handball. Not something you can delegate. Look right, look left. If Lightning McQueen (a mad driver and not such a great role model for kids) isn’t speeding in your direction, seasoned judgement, or your Jedi powers, guides you across safely. In a similar basket go […]

Stay calm, everyone, but check out these fixed mortgage rates!

Fess up. Who doesn’t occasionally succumb to a panic attack? Usually, panic bobs up when we’re at our most vulnerable, our most irrational, our most stupid. It’s natural to look for a lifeline when we’re feeling stressed. A tourniquet to stem the bleeding. A silver bullet to … you know … kill the “American Werewolf […]

Like riding a bike, money habits are hard to forget

I don’t remember learning to ride a bike. I don’t remember many of the early spills. I do remember one time, with my head down and bum up peddling faster than ever, hitting a neighbour’s parked car and breaking a dozen eggs in the back seat. Serious bruising to me. Dents in the car’s front […]