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In this month’s newsletter, we tackle a common concern among elderly Australians: the possibility of having to sell your home to cover the cost of aged care. And with so many people wading into the share trading waters these days, it’s worth revisiting passive and active investments and seeing how the two styles compare.
Next, we take the concept of financial freedom and break it down into its core components to see how you might be able to achieve each. Then, for parents of kids who are just entering the workforce, we have some tips to help entice them into making smarter decisions with their money. Finally, we take a look at the drivers of over- and underconfidence in an investor, and how both might impact your bottom line.
Enjoy the edition.
As you or your parents grow older, it’s easy to find yourself worrying about the cost of aged care. But is it so expensive that you’ll be forced to sell your home?
There are plenty of different investment types to choose from, but one of the more important distinctions you’ll encounter is between passive and active investments.
Financial freedom is about being able to pursue the lifestyle you want without being weighed down by financial concerns. We explore how you might be able to achieve that.
Investors often fall into the trap of thinking they’re more skilled than they actually are. But even if you’ve experienced a handful of wins, things can quickly take a turn.
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