This is my favourite chart. It shows the value of $1 invested in various Australian assets in 1900 allowing for the reinvestment of dividends and interest along the way.
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But adopting good financial habits isn’t always as easy as it sounds, start building good financial habits with these six steps.
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Get back on the horse: If your journey goes off track, don’t give up. Learn from your lessons, work out why your plan failed and get started again.
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While negative headlines about the stock market can be off-putting, investors should be grateful for them. Every dollar invested today could buy considerably more shares than it would have done at the start of the year.
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Key message: investor emotion plays a huge role in magnifying the swings in investment markets. The key for investors is not to get sucked into this emotional roller coaster.
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Inflation is complicated, but a simple way to understand it is; as an increase in the price you pay for goods but it could also be seen as a decline in the purchasing power of your money.
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So there we are. Opening up about your finances could be a great help, but remember – your financial information is private, so treat it with care.
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After spending 15 years exploring what contributes most to the happiness of our population, Australian Unity published their What Makes Us Happy? report in 2015
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