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Housing Boom
I don’t know what the immediate future of the Sydney (and other Oz capitals) property market is. Will it continue to boom? Historically low interest rates, poor stock market performance and the need to increase suburban densities suggest business as usual. Superannuation and commercial/industrial property funds are adding asset allocation pressure as well. The counter…
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Avoiding mistakes?
I suffer from analysis paralysis — a delusion that if I get enough data and study it enough, I can remove risk from an investment. To deal with this shortcoming I talk to myself. More than normal ;). I remind myself that Mark Twain has an answer for every occasion. In this instance he said…
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A new look
As some of you know, my site is not about community building. Go visit the Somersoft Forum or chat room to meet some wonderful people. I also like the Freestyler Network for meeting like minded people in the real world. This site is more a journal or diary. A stream of consciousness philosophy if you…
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Crystallizing losses
I recently read a piece of marketing fluff posing as research from a financial advisor. It recommending holding firm in the face of losses in the stock-market to benefit from the bounce back. A lot can be learned from how an investor reacts to losses and continuing uncertainty. One option is to hold tight. All…
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Strange questions from smart people
I was writing and publishing paper-based ‘zines and newsletters back when the Apple Macintosh was first released. They were a beautiful piece of kit and introduced the phrase WYSISYG to the world (What You See Is What You Get). Strangely, new writers asked published authors which computer to buy to write their novel. Did you…
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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…
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A Metaphor for Mastery
I used this metaphor back when I ran courses. So here’s a freebie. Remember when you learned to drive? As a child you were Unconsciously Incompetent. You didn’t know how to drive and didn’t realise it. Consciously Incompetent – your first time behind the wheel. You didn’t know how to drive and hooboy do you…
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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…
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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…
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Psychology of the Deal
Welcome to WealthEsteem — dedicated to the Psychology of the Deal. What does WealthEsteem mean to you? These are my musings on wealth creation, written during the quest for my second fortune. If my ideas work, great! See you in Monaco sipping Cosmopolitans. If they don’t, it’s a map of my folly. Hoist a cool…