I cannot tell you how many times I have read that you double your money in Australian property investment every ten years. It is the core assumption in all property marketing it seems. Of course to make any money out of that implied 7 per cent return per annum your rent has to cover your…
Those Ads showing 20-year-olds stepping out of limousines in New York trading forex on their mobile phone are one the most fantastic advertising deceptions you will ever see.
From 1941 to the low in 1974, the average annual compound return on the All Ordinaries Index for 33 years was 2.9 per cent per annum. Take off inflation of 4 per cent and you were going backwards. And that doesn’t include 1929 to 1941, which would have pulled it even lower. In the next…
Anyone who’s been to Las Vegas will know what I mean when I say it’s a place that everyone has to visit but no one wants to stay. I tried to get married again. Elvis was prepared to pick us up from out hotel in a stretch limo, take us to the chapel, be our…
I ask for Stupid Questions in my newsletter and I get them. Here’s one memorable one: “I have $10,000 and want to turn it into a million dollars. How do I do it?” You’re thinking “How Stupid” but there are no stupid questions in this game and if you think about it, it’s actually a…
