Beginners win while others get burned

Surprisingly often, beginners do good first deals in real estate, the financial markets and business. Why? Answer by clicking comments, but I’ll lead off with a fairly analytical approach. My theory is successful newbies are cautious and actually begin. What do I mean by this? Character traits of the cautious: Have an inbuilt drive to […]

Nobody knows anything – William Goldman

William Goldman opened his best-selling book Adventures in the Screen Trade with “Nobody knows anything”. Goldman writes movies. Good ones. His filmography to date according to the Internet Movie Database: Hearts in Atlantis (2001) (screenplay) General’s Daughter, The (1999) (screenplay) Absolute Power (1997) (screenplay) Fierce Creatures (1997) (uncredited) Ghost and the Darkness, The (1996) (written […]

12 Life Insurance Rules of Thumb

American Express called this week. They’re selling a life insurance policy. So here are a dozen Life Insurance Rules of Thumb. 1. For the Term of his natural life?, or Jargon Busters Term Life Insurance is a straight-up insurance policy. You die (or some other defined incident) and the insurer pays money. Whole of Life […]

Buy 5745 ALZ @ 1.40

ALZ is Australand. They are property developers. At a Freestyler Network meeting in late July, I was told ALZ paid a 3c fully franked quarterly dividend (ex-div 9-Aug) and the stock was around $1.40. Downside analysis should it become a long term hold: An annualised 8.57% yield before franking credits. My overall portfolio is underweight […]