I am amazed at how many clients I come across who do not have a will. This is the key foundation in estate planning. All sorts of unexpected issues can result in someone not having a will. If you do not have one, please read this carefully, then go and get one!
Warren Buffet is the CEO of Berkshire Hathaway. He is number three on the Forbes Billionaires list, with a net worth of $64.9 Billion. Below are 35 of his quotes on success. May his quotes help you to make wiser decisions in your finances and your life so that you can become financially free and live life on your terms.
By Jack Cao, Platinum Asset Management
Reading the financial press these days, one cannot help but face a barrage of negative headlines on the impending doom facing China as the country undergoes an economic transition from a fixed asset investment-led economy to a consumer-led economy. What these doomsayers fail to mention is that there is a vibrant services sector that is playing an increasingly prominent role in driving the next leg of growth in China.
I recently was privileged to hear Patrick Schwerdtfeger speak. He is a business futurist specialising in technology trends and has written a book called Anarchy, inc. Technology is fundamentally changing the way we live, and it is important to embrace this. I would encourage you to read this book. Here are some snippets from it:
By Liam Dann
New Zealand Herald 17 May 2018
Don't write off the bull run just yet.
When Wall Street fell into correction territory in February it looked like the golden run might be over for stock markets around the world.
But after a volatile couple of months, the local share market at least finally roared back into record territory last week.
By David Knox | Mercer | 18 April 2018
While this article is targeted at financial advisers, it is food for thought about your own longevity and the need to consider funds lasting longer than previously thought. While it is based on Australian statistics they will be similar to New Zealand ones:
As the baby boomers approach or enjoy retirement, a fundamental question they all face is: "how long does my money have to last?" Or, to put it somewhat more bluntly, "when am I going to die?"
By Shlomo Benartzi
In The Wall Street Journal June 10, 2018
People often don’t know their true preferences. Trying them out could save you a lot of money.
On my last work trip, I learned a valuable lesson about myself while melting chocolate in a saucepan. What I learned changed my dining habits—as well as the way I think about my finances.
As you will all know, if you don’t make plans your life will run a haphazard course and could be somewhat disappointing. Planning and goal-setting will provide the means with which to measure your success and milestones. The most productive time to start planning and goal-setting is when you are young, as it can have the greatest impact, however getting involved with this at any age will have a positive impact.
Harbour Asset Management March 2018:
Following on from the same themes in January, markets continued to see strong global economic growth in February, but worried about the top risk on our list for 2018 – namely inflation risk and ultimately concerns about whether monetary stimulus will be removed in a way that is not friendly for markets. We see the heightened volatility in financial markets in recent months as a normalisation of conditions, after a period where volatility and dispersion in markets have been remarkably low for an unusually long period.
“There is one thing that 99 percent of failures and successful people have in common: they all hate doing the same things. The difference is, successful people do them anyway.”
– Darren Hardy
“Higher success requires you to be a better version of yourself.” Prolific motivational speaker Jim Rohn said that, many years ago. “If you want to have more success, you need to become more.”
By BRENDON SKIPPER in M2 Magazine, December 2017
Selling your home is likely to be one of the biggest financial decisions you’ll make.
Once you’ve made the decision to sell, one of the first steps to ensuring you get the best price for your home is engaging a real estate agent that knows your area and the type of house you are selling. Real estate agents are experts in the process of buying and selling property and it’s important not to underestimate the value of their professional expertise. But how do you find the right agent for your situation?
Magellan Asset Management Limited OCT 2017
Sometimes the winners and losers from disruption aren’t obvious
If you look at a photograph of the Easter Parade in New York in 1900, it is full of horses and carriages. Yet by 1913, photographs show the parade was full of cars. Think about how petrol stations needed to be rolled out to enable such change over barely more than a decade. Transportation was fundamentally transformed over those 13 years largely because in 1908 Henry Ford rolled out the first Model-T Ford off the production line, which enabled cars to be mass-produced at affordable prices.
It has been a gruesome couple of months for investors in Australian stocks.
At the start of August, the chatter was whether the benchmark S&P/ASX200 would hit 6000 points. It is now mid-October and the hard reality is an index that is hovering closer to 5000 – although this week long suffering investors were treated to some hefty gains.