Greg recently laid them all out on camera in a free Life at Zero investing event.|
| Editor’s note: Occasionally, we come across ideas that we simply have to forward to you. This one comes courtesy of our friends from Port Phillip Publishing. |
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Dear Reader, With share and property prices booming, Australia is becoming a country of ‘haves’ and ‘have-nots’. Not my words, but the words of the Grattan Institute’s program director for household finances, Brendan Coates. He was quoted in early March saying: ‘People are being priced out, especially of homes close to jobs and transport. If and where you buy a house is increasingly going to depend on who your parents are, because it’s getting to the point where if you don’t have parental financial support you will struggle to buy a house in those areas.’ If you’ve seen my ‘Life at Zero’ prediction about where Australia is headed, this will be no surprise to you. And neither will this: If you think there’s a big division in Australia now, you ain’t seen nothing yet! The Reserve Bank of Australia expects rates to stay near zero for another three years. And I believe they could stay low a lot longer than that. That’s why I believe we’re in the early stages of an almighty bull market in stocks, property and other financial assets here in Australia. In other words, the gap between the haves and the have-nots is going to keep growing for a long time yet. That’s why it’s so essential you position your money properly today. Play this right and there’s money to be made. Get it wrong and you could find yourself on the wrong side of the divide. So, what should you be doing with your money? Get some answers here. Best, Greg Canavan, Editorial Director |
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