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Forex trading means making money through the gains accumulated by pitting two currencies against each together. Today, it's quite easy to trade Forex given the availability of online trading software.
Ann is an author, experienced entrepreneur, seasoned self-directed investor and a highly sought-after retirement consultant. For more than 30 years, Ann has worked diligently to build her own personal financial security.
Have your money work for you. Are you sick of living pay check to pay check? Do you dread the prospect of working your entire life? Have you ever wondered how do you get ahead in life? If you have answered YES to these questions then there is hope. Quite often it is recognizing that you have a problem and a genuine desire to do something about it that will give you the nudge to transform your future. By having a desire for a different outcome in life will necessitate the need to change your priorities. This will give you the catalyst for instigating real change.
How are you prepared for what will happen if your aging parents run out of money? What happens if you run out of money and you don’t have enough to pay the bills each month? How would you feel? How would you cope? How easy would it be for you to go back to work? What would your options be to raise money in old age?
Do self-directed investors have the necessary experience to do the research to make informed investing decision? When we journey into the investing world we are faced with many choices to make. There are numerous people out there that will want to make money by offering their services to help you make those investing decisions. It is worth paying for advice? Well that depends on who you are talking to? There are people out there that will that will gladly take your money either through scams or through high fees or large broker fees.
I am hearing stories and I’m sure you are too, about people reaching their 90’s and running out of money. Well, the truth is it can happen at a much younger age. Sometimes there are circumstances beyond your control that rob you of earning capacity, circumstances like an interrupted work career. Women, in particular, miss out years of earning capacity because caring for the family too often falls on them.
Experts share their investing secrets. We learn a lot when we listen to others that have been there and done that. It can take years to come up with a successful winning investing strategy. We don’t need to re-invent the wheel. That is why I enjoy talking to guests that have had a go and have come up with their own investing strategy. We can all take advantage of their experience and appreciate their efforts to create a better financial future.
A glimpse of the past can prepare us to look forward to what's ahead. That is why I am focusing on reflections on life. I am reflecting on stories that have been covered with the guest's I have interviewed this year. The hope is to learn how to build a better future by taking a glimpse of the past.
Fed up with losing money in the stock market? If you are keen to be a self-directed investor then you need somewhere to start but keep in mind the old saying if you don’t know where you are going you will never get there.
How to avoid social isolation as you age? Isolation is one of the key issues that we face as we age. Women more than men will be in this predicament as women tend to outlive their male partners. Are you are rattling around in that big house on your own? Have you thought about where you will be able to live now that you have reached the third half of your life?
There is a new trading platform which is as simple to use as online shopping. If you are a self-directed investor, like me, then growing your portfolio balance is important. Diversification has been talked about a lot lately. The saying ‘Don't have all your eggs in the one basket' rings true today as it always has. But what is diversification and how easy is it to achieve? Some say that owning a mix of Australian shares in different sectors is diversified. Others say that does not go far enough and we should be investing in un-correlated assets, like bullion and cryptocurrencies. Then some are also saying we should be investing in overseas shares.
Do you want more success in your life? Do you dream of things that you can accomplish? Do you know what ‘your success’ should/would look like? So many of us drift along through life without having a goal, a life plan and wake up one day and realise that a few decades have swept past. Where does all that time go and where are the accomplishments?
Longevity makes it imperative we make a conscious effort to save more money while we are still working. Life expectancy has continued to increase with females now aged 65 expected to live to 87.1 and a 65-year-old male can expect to live to 84.2 according to the Australian Institute of Health and Welfare. I became a widow at 55, my girlfriend became a widow at 59 and my Mum became a widow at 83. The chances of women ending up on their own are greater than men and that is why women need to avoid running out of money.
The retirement vision is something we eagerly await. Some of us have a clearly defined picture of our future retired lives. We know the location, the activities, the travel and dream of the free time. What happens then when this definition of our retired life is not duplicated by our partner? After all those years together, could we possibly want a different life in retirement to them?
What do we do to fill in our time when we are not working? Some of us will get bored, some will be lonely and some may feel angry that their life had not turned out as they expected. We don’t have a crystal ball when we start out on our life’s journey. Most of us just go with the flow and deal with life and its emergencies as they unfold. Do you ever sit and wonder and reflect back and think if only I had made a different decision would my life be better now? I certainly do.
Sometimes in life, we need a shock, a jolt, or a wakeup call to get us doing something different. We could be living a successful life. We could have a job that brings in good money and we could believe everything is on track for a happy existence. When a major, unexpected event takes place that puts all that we value in jeopardy we are not prepared. What do we do then? If for instance the major breadwinner, the one that brings home the most income each week, is diagnosed with a life-threatening illness we may be forced into reassessing not only what we are currently doing but what we will be doing into the future.
What do you do when your life is so busy that you continually feel stressed out? Do you feel that you are on the go all the time leaving home early to race off to work and coming home late after dark? Are your health suffering and you just don’t seem to be able to take the time to get better? Do you spend your weekends collapsed on the sofa trying to muster the strength to tackle the week ahead? There are many of us that can relate to this image of being on the go all the time and never having quite enough time to recharge.
It is relatively easy to find out what you need to know about any topic thanks to the internet. We can look up how to spell words, how to pronounce words, find the location of a city anywhere in the world. Never been to Mexico, no problem we can google away and find which countries border Mexico, see the location of the beaches, the major cities, the highlands and any large lakes. There is a lot of information and that is the problem with the internet. I sometimes get bogged down sifting through the mountains of information trying to work out if it is credible information.
It's time to make a difference in our own lives. Our retirement can last 20, 30 years or even longer. The number of octogenarians in this world, those reaching 80-89 years of age, is now the norm. The chances of becoming a nonagenarian, those reaching 90-99 years of age, is on the cards. Life expectancy is increasing across the world, and the world population has also increased rapidly, the number of Centenarians is expected to increase quickly in the future.
The risk of not being diversified.
What’s your financial backup plan? Whether in life or for investing there are risks if you aren’t truly diversified. It correlates to having all your eggs in the one basket. We could be talking about what happens to the household if the main breadwinner stops bringing home the money. What if the one that earns all the income to pay for the family’s monthly bills, suddenly becomes ill or injured and cannot work? What happens then?
Some of us have always lived in the same town, and others have had many places they have called home. My parents owned many small businesses from when I was young. It just seemed that every couple of years we sold up and moved on to other opportunities. I have lived in over 60 different places and I think my kids are following in my footsteps. My son and daughter left home many years ago and both live interstate.