Saving is deferred consumption. There are all sorts of good reasons to save - a new car, an annual holiday, a house deposit. Almost everyone has savings with these and other goals in mind. The enemy of deferred consumption is inflation. Over the short term, it may not be noticeable…| uncountable thoughts
If you invest in the stock market, there are two strategies for selecting which stocks are in your portfolio: Active. This is where you make specific decisions to hold a position. This could be individual stocks chosen by yourself or an active fund where the fund manager decides what to…| uncountable thoughts
There are four principle components that influence how much wealth you can accumulate over a working lifetime. Your ability to achieve financial independence will depend on how focused you are at managing them. In order, these factors are: Regular contribution Maximising tax shelters Temperament Investment return Inexperienced investors often assume…| uncountable thoughts