We diversify our portfolio's to lower volatility. In the same way, we should diversify our thoughts to reduce risk. The world is changing fast. Technology, geopolitics, the environment, and society are all shifting. How can we adapt and thrive? How can we prepare for the risks and opportunities? We need to think differently, and we
Why people avoid money-talk We are complex organisms, and we like to think we have free will, but we are sometimes hamstrung by our biological processes. The brain can be divided into four interconnected areas: brainstem, diencephalon, limbic and cortex. The structural and functional complexity increases from the lower, simpler areas of the brainstem up
No matter what kind of investor you are today, you can become a different investor tomorrow. The results you have today, no matter what they are, likely stem from a set of skills. If you want better or different results, you’re going to need different skills. Somewhere in the intersection between what you can control
First up... Let's be clear, that in the context of investment vernacular, risk is often confused with the word 'volatility'. Risk implies the probability of complete loss, whereas volatility refers to the fact your investment can fluctuate in value in the short term. Gambling lends itself to the word 'risk', which some types of investments
By Carley Ellis I recently ran a daily vlog over on my Instagram page (@carleymellis), where I addressed 31 common misconceptions that people have about insurance. I was so surprised at the engagement I received – I assumed people would see “insurance” and instantly turn off. It highlighted to me that insurance is like tax
As an advisor, one of my job I genuinely enjoy is to learning international financial markets. The fall of the US dollar as the world's reserve currency is a topic that has recently caught my attention again, as it has from time to time. In this post, I'll explain what's causing this downturn, what it
By Carley Ellis For Better or For Worth As the days get longer and the nights get sweatier, it’s a great reminder that both summer and wedding season – is upon us! While I love a good wedding and an open bar, it always gets me thinking about how things can change when you’re not
"Would it make a difference if we asked for lower amount instead?" This is one of the most common questions of 2022. Lending criteria, partially thanks to the unbelievably inappropriate but politically highly convenient piece of legislation known as the CCCFA, is something you've likely heard about by now. I was one of the
Who wants to listen to a cheesy show about making money and showing off about how much they know? Well if it’s going to be that kind of party I’ll go stick my face in some mashed potatoes - it’s high time that someone starts getting real about how they talk about financial literacy. The
You could be smoking crack or selling babies on eBay, but no this is way, waaaaaaaay worse - you're a property investor! All your non-property investor friends think you’ve run off and joined a cult, your uncle thinks you’re insane for borrowing that amount of money, and the only one excited is your mortgage adviser!!
