Australia’s home affordability woes have impacted a whole generation of young Australians now facing the daunting challenge of breaking into the property market.
Clover Co-Founder Harry Chemay explains why ownership rates among young Australians, particularly those under the age of 35, have experienced a significant decline over the last four decades.
Continue reading “Australia’s housing affordability woes: Part 1”
There’s a saying among seasoned pilots that flying can best be described as long stretches of boredom punctuated by moments of sheer terror.
Many investors, reeling from the recent pullback in the US sharemarket that commenced on 5 February after the stellar returns of 2017, would no doubt share these sentiments.
For newer investors who’ve never experienced a share market pullback of this size and speed, the recent movements must have been nerve-wrecking. Media headlines screaming “market rout”, “bloodbath” and “worst point decline in history” certainly didn’t help matters either, stoking fear in the investing public for the sake of clicks, views and readership.
If you’ve just had your first experience of a sharemarket dip, welcome to the club. Grab a seat and catch your breath. It may be your first market correction but it will almost certainly not to be your last. All-time sharemarket highs followed by the occasional reversal are a feature, not a bug, of long-term investing.
People often tell me that they find investing intimidating because of all the technical language involved in becoming a competent investor.
Thankfully, for the most part you can be blissfully ignorant of 99% of the technical terms in finance and still beat the majority of professional investors out there.
I’d go so far as to say that keeping things uncomplicated is the key skill you need to develop if you’re going to get ahead financially.
That said, there are a few terms you really do need to familiarise yourself with on your journey to financial security. Two of the more confusing are dividends and distributions. Often these terms are used interchangeably, even though they have very different meanings.
Whether it’s early days or it’s been a while, have you given some thought to how you and your partner manage money as a couple? Money can be a huge source of tension in any relationship – Harry explains how to best handle it.
Continue reading “Ask Harry: What’s the best way to handle finances as a couple?”
It’s one thing to know that you should save a portion of your income, but how much should you actually be saving? Do you still save if you’re paying a mortgage off? Relax, Harry’s got your answers. Continue reading “Ask Harry: How much money should I be saving?”
Let’s be honest, we’ve all fantasised about winning the lottery and never work again/buy that Tesla/have a European summer holiday and boast about it on Instagram…
This week, we ask Harry what he would actually do if he won $10,000.
Continue reading “Ask Harry: What would you do if you won $10,000?”
Finding a place to rent (let alone buy!) in Australia can be competitive and stressful, and sometimes downright exhausting. This week, Harry shares his take on how to budget for your rent. Maybe you can afford to rent out that two-storey townhouse after all!
Continue reading “Ask Harry: How much rent is too much rent?”