It’s the most notorious name in the financial and investment world. Ponzi. Charles Ponzi to be exact. It’s nearly 100 years since Charles Ponzi ran his ‘investment scheme’, essentially described as an operator giving the appearance of generating returns by paying out old investors with money from new investors. The lure for investors is high returns with […]
The year’s winding down, so in the financial world that can only mean one thing – forecasts for next year. Every mainstream media outlet will be putting them together over the next month because A. people like lists; and B. they’re easy to string together. The thing to always keep in mind: they’re all worthless. […]
Investing is a tough deal. Our noggins aren’t truly equipped to deal with all the variables, complexities and stimuli of the modern investment landscape. While it should be simple. Save. Stay liquid. Stay diversified. Stay disciplined. Australian saving rates are back to plumbing 10-year lows. For many the house is the savings vehicle. While household […]
“He can’t figure out why it’s taking so long to reach the amount he wants to retire on.” It was an offhand comment a client made about their friend. Said friend had a specific final superannuation balance in mind they wanted to reach. Upon hitting it, they’d be tossing the keys back to the boss […]
Over recent months and weeks, I managed to persuade, cajole and convince my wife to allow me to spend around $35,000.00 of our savings, to invest in Mustang Resources. My wife is very conservative and careful with money, and it is only because of this, that we have what we have, today. I was completely honest […]