The average pair of birkenstocks retails at around $120 (I think). Let me forward a value proposition. You could go all out on a pair of sandals so aesthetically offensive they inspired a not-so-humble smashed avo enthusiast to start a blog. You could roam around the inner-western suburbs of Sydney wielding a $7 crappuccino and […]
Tag: ETF
Dollar cost averaging
In an earlier article, Accumulating assets, we discussed our award-winning, ingenious get rich quick plan – buy low, sell less-low. Well, much like Patrick J. Adams in the hit legal drama which made lawyers seem cool (admittedly only to other lawyers), I’m a fraud. Yes, obviously it would be ideal to buy any asset at […]
Socially responsible investing
My endgame in life is and always will be to do my bit to help leave this world a little bit better off than how I found it. So far, I’ve done an awful job of that. If you’re reading this from any OECD country, chances are that you have too. To say that we […]
Diversification and ETFs
Imagine you own 10 eggs. You paid $1 for each of those eggs. You read online about an egg seller who will collate your eggs into a basket and go door to door and sell each egg for $2. We’ll call this egg seller the market darling. You deposit all 10 eggs with the market […]
Accumulating assets
One of the best pieces of advice I ever received early in my career was that if I wanted to be wealthy, I needed to focus less on growing my income and more on accumulating assets. In most OECD countries, this is true from both a finance and a tax perspective. Assets grow faster than […]
