Rise of the Retail Investor

A Wof check for your Kiwisaver

The Richest Man in Babylon

New Zealand Money Management

Thoughts of Og Mandino: A Better Way to Live: “I will love the light, because …

www.ogmandinobooks.wordpress.com

Next look for your notes on this simple book with good basic financial principles, c

(somewhere amongst your “filing chaos”)

https://moneymanagementarticles.wordpress.com/

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The Richest Man in Babylon (2/3)

Finance With Sola

The Role of Luck in Wealth Creation

On some conscious or unconscious level, the role of luck in wealth has been debated by the vast majority of people. Conscious level debates are very explicit and can be found in articles, podcasts, videos and casual conversations. Other debates about this topic occur in the mind and aren’t always obvious. For instance, thinking of how you got that high-paying job from conversing with a stranger at a cafe.Luck or not?

Luck’s role in wealth creation is debated today just as much as it was debated a thousand years ago. The book captures a discussion about the role of luck in wealth creation between Arkad, the richest man in Babylon and a group of men. In the discussion, they explore the concept of luck in different forms.


The first form of luck is a chance event without any rational explanation. For example, stumbling…

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SOME THOUGHTS (TIPS) ON INVESTMENT

SOME THOUGHTS (TIPS) ON INVESTMENT

*Markets can be volatile. So the companies you choose to invest in will determine the quality of your investments.

*Play the “long game” to achieve your long-term goals (money/investment ‘gains’)

*Set specific financial objectives

NB

*Have diversification within different asset classes (sectors) in your portfolio

(Research shows that this will determine about 80% of the investment return)

*Protect your investment(s) with the most appropriate asset allocation, taking into account your tolerance to risk

*Don’t try to time entry and exit points (+ buying and selling)

#

My money blogs are at

 www.moneymanagementarticles.wordpress.com

www.mymoneymanagement.wordpress.com

 www.financiallyindependant.wordpress.com

www.nzmoneymanagement.wordpress.com

and

www.mymoneybooks.wordpress.com

“We share what we know, so that you and your money can grow.”

Help your kids grow financially literate: Diana Clement

For those who like investment advice off the shelf

New Zealand Money Management

FINANCIAL PASSAGES

Armstrong Jones Financial Passagesby Paul Fyfe and Lenise Webster

https://www.nzherald.co.nz/nz/for-those-who-like-investment-advice-off-the-

*Free stuff

Your Retirement Action Planner, from the Office of the Retirement Commissioner on 0800-45-65-85. Includes a series of worksheets that let you answer questions such as how much you’ll need in retirement, and how much you’ll have to save to get there.

Also some more general advice on money management. Financial Passages, by Paul Fyfe and Lenise Webster, from funds management company Armstrong Jones on 0800-PASSAGES (0800-7277-2437). Looks at the six stages, or “passages” of life, and the financial issues you are likely to face at each stage.

shelf/GD4IHYON643TTC3RCPD2LZVO7A/

from a Google

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The Facts of Life: What every woman should know about money

Craig's Books and Articles on Money Management

https://www.selfgrowth.com/articles/user/15565?page=10

from a ‘Google’ (my “filing system to rescue me from sheer utter chaos” – thanks “Big G”)

“We share what we know, so that you and your money can grow.”

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The Richest man in Babylon by George S Clason

Accounting beats early retirement and pina colada in the sun: Matt Heath

https://www.nzherald.co.nz/business/money-talks-matt-heath-on-why-accounting-is-his-new-rock-n-roll/CDKQPIGGGZVUXD2K5JK5IDAQMI/

https://www.pressreader.com/new-zealand/weekend-herald/20210130/282286732938898

from

Also see/hear Money Talks

https://craigsbooks.wordpress.com/2018/08/19/escape-the-pina-colada-song-4/

Shared by “totally unmusical” c

“Information and Inspiration Distributer, Incorrigible Encourager and People-builder” *

* not bridges (thank goodness)!

Well my family and friends say I’m “safest” just writing and sharing