I've just invented a time machine that is good for one letter to myself and I'm only allowed to talk about finances and general life. So obviously I cant just tell myself to buy Apple, Microsoft and Amazon as soon as they list as that would be cheating and my time machine wouldn't allow it. Any sort of insider information like the Internet bubble or the 2008-09 financial crisis … [Read more...] about A Letter to my 20 Year Old Self
Net Worth
ETF Dividend Portfolio Update for May 2024
It was another challenging month for markets and I expected the portfolio to start with an eleven, just like it has for March and April but in the last few days of May I came good and did some buys to push the value into twelves, woohoo! ($12,688) It's hard work trying to increase this little snowball by $1,000+ per month but I know the rewards are worth the effort. I've … [Read more...] about ETF Dividend Portfolio Update for May 2024
April Update for the ETF Dividend Growth Portfolio
April was a tricky month for markets worldwide. Investors didn't know whether they were coming or going so they probably did both as it was a very up and down thirty days. I improved the value of the ETF dividend portfolio by less than $100 but at least it wasn't a loss. Of course it would have been a loss if I hadn't added new money to the portfolio but that's a minor … [Read more...] about April Update for the ETF Dividend Growth Portfolio
ETF Dividend Portfolio Update for March
Easter and March are done and done. I had the goal of $11,000+ for the ETF portfolio this month and I'm happy to say that I achieved it. Increasing the value of the portfolio by at least $1,000 has been my goal since I started buying ETFs last year and I think I've mostly achieved this so far. Most of the increases are obviously new funds added but the market has also … [Read more...] about ETF Dividend Portfolio Update for March
Investing is Exponential, Not Linear
The most difficult thing to get your head around when getting started with investing is that growth is exponential, not linear. People can't see past the first couple of years which really do feel like they're linear as compounding hasn't had a chance to show how magical it can be if given the chance. Two of the most common replies I have received when talking to people … [Read more...] about Investing is Exponential, Not Linear
ETF Dividend Portfolio Update 2024
Well it was nice to start the year on a high. Let's hope that 2024 finishes on an even higher note! There's still a lot of new contributions to be made and dividends to be reinvested before Santa comes around again though. If stocks behave and increase like they're supposed to then the ETF portfolio should reach $20,000 this year! If you're new around here, I started the ETF … [Read more...] about ETF Dividend Portfolio Update 2024
The First $100,000 is the Hardest
Billionaire investor Charlie Munger once said "The first $100,000 is a bitch, but you gotta do it. I don’t care what you have to do.. if it means walking everywhere and not eating anything that wasn’t purchased with a coupon, find a way to get your hands on $100,000. After that, you can ease off the gas a little bit." Unfortunately Mr. Munger won't be sharing anymore of his … [Read more...] about The First $100,000 is the Hardest
Nick Scali was my Most Bought Stock this Year (NCK) ASX
I know I don't talk much about my individual stocks portfolio on the Money is Choices blog but I thought I would share which stocks I have bought the most this year in 2023. These are not recommendations and I'm not even saying I would still buy them myself right now, I'm simply saying that these were the most bought stocks over the past twelve months. The reason I choose … [Read more...] about Nick Scali was my Most Bought Stock this Year (NCK) ASX