“A Globally Diversified Basket of Equities”… WTF does that even mean?!

If you’ve followed me for any amount of time or spoken to me about investing, I have most likely pulled out this line:

A globally diversified basket of equities

Me (about every 5 minutes)

But for those just starting out on their investment journey, I am aware it could lead to a WTF?! moment… ‘if I just nod and smile long enough he’ll eventually shut up’.

So, it’s time for me to right any potential wrongs and lay out exactly WTF I’m on about.

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The Wealth Creation Machine

“Are you looking to build wealth?”

“Do you want to secure your financial future?”

“How about free money every month?!”

If you answered “YES” to any of the above questions…

YOU NEED A PENSION!

Pensions are in somewhat of a marketing crisis. They are more important than ever, but chronically misunderstood.

‘Pensions’ are seen by many as a dirty word. The word isn’t sexy or alluring and tends to conjure up images of withering away in later life, too old to enjoy your money.

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Memento Mori: Carpe Diem’s Older Brother

The gods envy us. They envy us because we’re mortal, because any moment may be our last.

Everything is more beautiful because we’re doomed. You will never be lovelier than you are now.

We will never be here again.

Homer, The Iliad

Personal finance is much more than numbers and equations (if only it was that simple). It is also about behaviour and psychology. Habits, perspectives and your own thought processes. 

After all, we are only human. 

As such, there is a lot one can learn from philosophy to apply to personal finance and investing. 

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