"One day I want to be a millionaire!" I recall that being an often expressed goal around the traps twenty years ago. Back then the median gross annual income was just $17,056* so the millionaire goal was quite a stretch. It was also before the explosion of free information on the internet. Since then there's … Continue reading Why are only 5% of Aussies millionaires?
Leveraged Equities have compiled this interesting illustration of the Australian share market movements over the last financial year (ended 30th June 2011). (Information in the graph was sourced from the Australian Financial Review and IRESS.) You can download a PDF version of the chart from their site.
The residential property versus shares debate is popular and can be as fiery as political and religious debates. So I'm often asked about comparisons of the long term returns. Following is some commentary I came across from Dr Shane Oliver, Chief Economist and Head of Investment Strategy at AMP Capital Investments. (Emphasis added by me.) … Continue reading Residential property vs shares since 1926