Stock Market Corrections


The stock markets have seen big corrections over the past week with the Dow Jones and S&P being hit multiple times. During these corrections or even a full-blown crash, it’s important to not act on emotions and think logically. The decisions that you make can change the total figure of your portfolio come retirement vastly.

This article is from Tony Robbins’s monthly “Power Report,” which provides advice and tips about money, investing, and personal finance.

By Tony Robbins

The S&P 500 experienced an average intra-year decline of 14.2% from 1980 through the end of 2015. In other words, these market drops were remarkably regular occurrences over 36 years. Once again, nothing to be scared of — just a matter of winter putting in its usual seasonal appearance. But you know what really blows my mind? The market ended up achieving a positive return in 27 of those 36 years. That’s 75% of the time. This happened just recently when the S&P 500 sank 11% in January 2016. It then made a sharp U-turn and headed for new highs.

Why is this so important? Because it reminds us that the market generally rises over the long run — even though it hits a huge number of potholes along the way. You know as well as I do that the world had its fair share of problems over those 36 years, including two Gulf wars, 9/11, the conflicts in Iraq and Afghanistan, and the worst financial crisis since the Great Depression. Even so, the market ultimately rose in all but nine of those years.

But what if America’s economic future is lousy? It’s a fair question. We all know there are serious challenges, whether it’s the threat of terrorism, global warming, or Social Security liabilities. Even so, the U.S. boasts an incredibly dynamic and resilient economy with powerful trends driving its future growth. In his 2015 annual report to Berkshire Hathaway BRK.A, shareholders, Warren Buffett addressed this subject at length, explaining how population growth and extraordinary gains in productivity will create an enormous increase in wealth for the next generation of Americans. “This all-powerful trend is certain to continue: America’s economic magic remains alive and well,” he wrote. “For 240 years, it’s been a terrible mistake to bet against America, and now is no time to start.”

When the stock market starts tumbling — especially when it’s down more than 10% — many people hit their pain threshold and start to sell. They’re scared the slide could turn into a death spiral. Aren’t they just being sensible and prudent? Actually, not so much. It turns out that fewer than one in five corrections escalates to the point where they become a bear market.

To put it another way, 80% of stock-market corrections don’t turn into bear markets. If you panic and move into cash during a correction, you may well be doing so right before the market rebounds. Once you understand that the vast majority of corrections aren’t that bad, it’s easier to keep calm and resist the temptation to hit the eject button at the first sign of turbulence.

On average, there’s been a market correction every year since 1900. When I first heard this, I was floored. Just think about it: if you’re 50 years old today and have a life expectancy of 85, you can expect to live through another 35 corrections. To put it another way, you’ll experience the same number of corrections as birthdays. (Note: a correction is defined as a drop of at least 10% but not more than 20%. A bear market is a drop of more than 20%).

Why does this matter? Because it shows you that corrections are just a routine part of owning stocks. Instead of living in fear of corrections, accept them as regular occurrences. Historically, the average correction has sent the market down 13.5% and lasted 54 days — less than two months.

Still, in the midst of a correction, you might find yourself becoming emotional and wanting to sell because you’re anxious to avert the possibility of more pain. You’re certainly not alone. These widespread emotions create a crisis mentality. But the vast majority of the time, the sky is not falling. It is a simply a “seasonal storm.”

How bad does it get when the market really crashes? Historically, the S&P 500 SPX,  has dropped by an average of 33% during bear markets. In more than a third of bear markets, the U.S. benchmark index plunged by more than 40%. I’m not going to sugarcoat this. If you’re someone who panics, sells everything in the midst of this mayhem, and locks in a loss of more than 40%, you’re going to feel like a grizzly bear mauled you for real. Even if you have the knowledge and fortitude not to sell, you’ll likely find that bear markets are a gut-wrenching experience.

Even Vanguard Group founder Jack Bogle admits that bear markets are no walk in the park. “How do I feel when the market goes down 50%?” he asks rhetorically. “Honestly, I feel miserable. I get knots in my stomach. So what do I do? I get out a couple of my books on ‘staying the course’ and reread them!”

Sadly, many investment advisers fall victim to the same fear and hide under their desks during tumultuous times. Peter Mallouk (my co-author) told me that ongoing communication during these storms is key. Here’s what you need to know: bear markets don’t last. The 14 bear markets in the U.S. over the past 70 years have varied widely in duration, from a month-and-a-half (45 days) to nearly two years (694 days). On average, they lasted about a year.

If you would like to follow more of Tony Robbins thoughts on investing and personal finance, see our review on his best-selling book, Money Master the Game.

Diversify across stocks and bonds


We will go through the numbers of how your investment portfolio would look over the period 1926 to 2016 with various ratios across stocks and bonds. This will show the importance of having a diversified portfolio to minimise risk.

Different ratios will suit different people depending on many factors such as age, risk appetite and what your goals for retirement are.

Diversify-Across-Stocks-and-Bonds-income-master Diversify-Across-Stocks-and-Bonds-income-master Diversify-Across-Stocks-and-Bonds-income-master Diversify-Across-Stocks-and-Bonds-income-master Diversify-Across-Stocks-and-Bonds-income-master

The 100% allocation in stocks shows strong annual growth, but a whopping 25 years of losses. If you are getting into the investment game at a young age, you could consider this approach as you have a greater amount of time to ride out the bad years.

If you are older, you have much less time to bring the numbers back into the green so you are likely to end up at a loss overall. You are better to diversify your portfolio with more bonds and other options such as Term Deposits where you get paid a guaranteed amount.

Remember asset allocation. Have stocks in a broad range of industry sectors, or make use of low-cost index funds like those offered by Vanguard and Blackrock which capture stocks from all different sectors.

Another way to diversify your portfolio beyond just stocks and bonds is using annuity offerings.

Positives of annuities

  • You aren’t liable to pay tax on the investment earnings
  • If you purchase annuities using funds from your superannuation, they are tax-free from 60 years old
  • You receive a guaranteed income

Negatives of annuities

  • You have no say in how the money is invested
  • You can’t take out money in a lump sum, as it’s paid out to you gradually like a salary
  • Depending on how the markets perform, you may be paid out less than using other investment strategies




Numbers sourced from Vanguard

5 jobs paying $50k and more that don’t require a degree


Not everyone is interested or can afford to go to University and pay an enormous bill for a fancy degree.  Thankfully, this doesn’t mean you are stuck at a low paying job stacking shelves or flipping burgers.

We will go through a small sample of some high paying jobs that are available in Australia that don’t require you to hold a degree.

  1. Mining Professionals – Pay range ($56,000 to $300,000)
    While the mining boom we saw in Western Australia has certainly slowed down, there are still plenty of lucrative positions available. These aren’t easy jobs, they are very demanding and physical, with most requiring long periods away from your home and family due to the fly-in-fly-out arrangement (FIFO).General labourers, mechanics and drivers positions can be obtained without a degree as most of the experience will be gained on the job, while some previous experience from prior employment will be an advantage.
  2. Oil, Gas and Petroleum power plant operators – Pay range ($75,000 to $120,000)
    Power plant operators are getting paid very respectable amounts and the positions don’t require a degree. It is expected that you have very good mathematical skills, able to withstand the physical nature of the job and be knowledgeable when it comes to mechanics.
  3. (ICT) Information & Communications Technology Professionals – Pay range ($40,000 to $350,000)
    Obviously the positions on the larger end of the scale involve many years of working your way up the corporate ladder, but there are still some positions that you can get in with minimal experience and no university degree. If you proactively learn new skills and prove that you are useful, you can shift into different positions and get a nice pay bump on the way up.Mr Income Master himself works in this area and didn’t need to spend $20,000 for a piece of paper. These positions are usually suited for people that are problem solvers, can keep up with changing technologies and products. Generally speaking, technical support helpdesk positions are the most common “foot-in-the-door” roles into the IT industry. While I personally hated it, being chained to a desk speaking on a phone for 8 hours a day is pure hell for an introvert like me, some people enjoy the social aspect of it.

  4. Lift, hoist and crane operators – Pay range ($52,000 to $177,000)
    A licence to perform high risk work and completion of a crane operator trainee-ship is required for these positions but no degree is required. This is a dangerous position with deaths occurring on work-sites due to accidents or equipment failing and you will ideally not want to be scared of heights.
  5. Construction Manager – Pay range ($90,000 to $280,000)
    These positions require attention to detail, strong project management skills, and team leadership skills. You are in charge of the success of large projects to ensure it is completed on time and meets the building codes.

    Let us know of any others that you have heard of or maybe a position that you’re in right now that pays well and was relatively simple to get yourself into.

    The pay ranges were gathered from SEEK’s statistics of job listings in Australia.

10 Australian Finance Podcasts

best podcasts income master

On the hunt for podcasts about money, buying and investing in property, shares and much more in Australia? We have put together a list of 10 popular money-related podcasts that are based in Australia.

    • The Property Couch
      One of my friends recommended this podcast to me last year when I mentioned that I was on the lookout for more interesting ones as I had binged through all of my current subscriptions. The hosts, Ben and Bryce, are entertaining and go through all facets of the Australian property market. They will cover investing, purchasing, tax minimisation and also have the occasional guest on.
      The Property Couch podcast income master
    • On The Money
      Peter Switzer hosts this podcast who has a long history working in the Australian financial industry. He discusses personal finance.
    • Money Podcast
      The Money Podcast is produced by the Australian website and they discuss personal finance as well as current money-related news across the world.
      Money podcast Finder income master
    • Financial Autonomy
      This podcast is hosted by Paul Benson and he has many guests on the show to talk about getting your money on track and achieving your financial goals.
      financial autonomy podcast income master
    • Work.Life.Money
      The Work.Life.Money podcast is hosted by Ross Greenwood who is Channel Nine’s finance editor and was originally the co-host host of the show, Sunday. They discuss finance, superannuation, budgeting, focussing on all age groups.
      work life money podcast income master
    • The Money
      The Money podcast is produced by the ABC network and features a range of different hosts that cover the Australian economy.
      The money podcast income master
    • Your Money Your Call
      This podcast is produced by the Sky News channel with a variety of different hosts featured on the show. This podcast is different compared to the others as it is structured as a Q&A show, meaning callers ring through and ask questions with the panel of experts providing their knowledge on the topic.
      Your money your call podcast income master
    • The Business Experiment
      This podcast is hosted by two ladies, Shevonne and Jeminah, who have experience in owning a business so this one will appeal to the entrepreneurship type of people.
      The business experiment podcast income master
    • The Money Cafe
      The Money cafe focus podcast is hosted by Kohler and Kirby and as advertised, the podcast is recorded in a cafe. This may turn some people off due to the distracting noises at times. The podcast is produced by The Australian newspaper.
    • The Rentvesting Podcast
      This podcast is hosted by Jayden Vecchio and produced by Red & Co. In their latest episode, they covered such topics as:
    • David Hyne is a Director of Herron Todd White National Valuers
    • He is based in Brisbane so we speak about the local Brisbane market, things to look for, indicators on when to spot growth, and how to look at markets and find the next hotspot.
    • Where you can buy houses and properties under $500k.
    • We then talk about buying property off the plan, and the difference between investor stock, compared to owner-occupied stock.
    • It’s something you might not have heard of and could be buying a property that is affected by its resale. Lastly, we close off for the next 3-5 years.

      Let us know in the comments section below if you have come across some other podcasts that you have found beneficial.

Why you should buy dividend paying stocks


We have talked about passive income before and receiving dividends from your stocks and ETFs is a great way to generate some on a regular frequency. They are also a useful tool in building your stock portfolio as you can use the funds to purchase more shares.

Before making a purchase on some new units of stock, it’s good to look into what the dividend history and yield is.

What are franking dividends?

Franked dividends are when the after-tax profits of a company are distributed to shareholders as dividends. A franking credit, or also known as imputation credits, defines the amount of tax the company has paid.

If you choose to reinvest the dividend payment to purchase more shares, it’s still required to be mentioned on your tax return. It’s a good idea to print your statements out or keep them in an online cloud storage service like Dropbox so you have everything accounted for come tax time.


What is the difference between franked and unfranked dividends?

Unfranked dividends will sometimes mean that you will have to pay more in tax than receiving fully franked dividends but the results will vary depending on which income bracket that you fall into.

So for example, if you fall into the $37k to $87k taxable income bracket and you received $700 in dividend payments,  paid fully franked with an imputation credit (or franking credit) of $300, this is how the calculation would look:

34% tax bracket (32.5% marginal tax rate + 1.5% Medicare levy).

$1,000 x 34% = $340 tax payable less the $300 in imputation credits already paid.

So $700 – $40 = $660 after tax.

Australian income tax rates

Resident tax rates 2017–18 (Source
Taxable incomeTax on this income
0 – $18,200Nil
$18,201 – $37,00019c for each $1 over $18,200
$37,001 – $87,000$3,572 plus 32.5c for each $1 over $37,000
$87,001 – $180,000$19,822 plus 37c for each $1 over $87,000
$180,001 and over$54,232 plus 45c for each $1 over $180,000

What are good Australian dividend paying stocks?

Here are some examples of good dividend paying stocks that you can buy from the ASX (Australian Stock Exchange).

  • Commonwealth Bank Of Australia [CBA]
    Annual Dividend yield 5.44%
    100% Franked
    EPS 5.776 AUD
  • Westpac Banking [WBC]
    Annual Dividend yield 6.15%
    100% Franked
    EPS 2.380 AUD
  • Australia and New Zealand Banking [ANZ]
    Annual Dividend yield 5.65%
    100% Franked
    EPS 2.201 AUD
  • National Australia Bank [NAB]
    Annual Dividend yield 6.83%
    100% Franked
    EPS $1.947 AUD
  • Telstra [TLS]
    Annual Dividend yield 8.68%
    100% Franked
    EPS $0.325 AUD
  • Cardinale Property Trust [CDP]
    Annual Dividend yield 5.21%
    EPS 0.633 AUD
  • Nick Scali Limited [NCK]
    Annual Dividend yield 4.78%
    EPS 0.460
    100% Franked

Banks, in general, all pay strongly so they are good to have in your investment portfolio. When making the decision to purchase stock, it pays to look at the dividend payout history. Some companies may struggle to build a nice, consistent payment growth and suffer pay cuts on weaker years.


Top 5 gainers on the ASX200 8th to 15th January

Vanguard low cost index funds VEU Income Master

Here are the top 5 gainers on the ASX200 across the period January 8th to January 15th.

  • (BPT) Beach Energy – 8.5%
  • (S32) SOUTH32 – 7.6%
  • (JBH) JB Hi-Fi – 7.4%
  • (BHP) BHP Billiton – 5.1%
  • (PTM) Platinum Asset Management – 5.0%

Beach Energy Limited [BPT]

This company sells gas, gas liquids, oil as well as develops and produces energy products.  They have a $3billion dollar market cap and are based in Glenside, South Australia.

Earning and Dividends forecast

EPS 2017 – 16.9

EPS 2018 – 10.2

EPS 2019 – 10.9

DPS 2017 – 2.0

DPS 2018 – 4.1

DPS 2019 – 4.5

Source: Morningstar Analyst Estimates

South32 Limited [S32]

South32 Limited is a metals and mining company based in South America, Australia and South Africa. They have a $20billion dollar market cap and have over 13,000 employees.

Earning and Dividends forecast

EPS 2017 – 29.8

EPS 2018 – 31.7

EPS 2019 – 26.2

DPS 2017 – 13.0

DPS 2018 – 18.4

DPS 2019 – 14.7

Source: Morningstar Analyst Estimates

JB Hi-Fi [JBH]

JB Hi-Fi is an electronics retailer based in Australia who performed well over the 2017 Christmas period despite there being a lot of talk about the increased competition with Amazon. JB Hi-Fi has around 12,000 employees and a market cap of $3billion.

Earning and Dividends forecast

EPS 2017 – 186.8

EPS 2018 – 207.1

EPS 2019 – 213.4

DPS 2017 – 118.0

DPS 2018 – 134.6

DPS 2019 – 139.2

Source: Morningstar Analyst Estimates

BHP Billiton [BHP]

BHP Billiton is a large mining company based in Australia with a market cap of $163billion. They have over 26,000 employees and well known for being a good stock to hold for dividend payments. BHP Billiton has an estimated 8.7% annual growth in earnings and expected to exceed the low-risk savings rate of 4.6%

Earning and Dividends forecast

EPS 2017 – 172.7

EPS 2018 – 196.5

EPS 2019 – 160.1

DPS 2017 – 106.1

DPS 2018 – 135.1

DPS 2019 – 113.8

Source: Morningstar Analyst Estimates

Platinum Asset Management [PTM]

Platinum Asset Management is a publicly owned hedge fund sponsor based in Sydney, Australia. They were founded in 1994 and have a market cap of just under $5billion. They have a 3% expected annual growth in earnings and have competitors such as Magellan Financial Group, BT Investment Management and Perpetual.

Earning and Dividends forecast

EPS 2017 – 31.7

EPS 2018 – 32.8

EPS 2019 – 36.5

DPS 2017 – 30.0

DPS 2018 – 31.0

DPS 2019 – 34.7

Source: Morningstar Analyst Estimates


A really cool investment portfolio website

I only came across Simply Wall St recently but have fallen in love with it. You can enter in all of the stocks that you hold and it will provide you with a really clean interface full of graphs, statistics, suggestions and much more.

It’s really easy to play around with the site for hours! If you’re like me that is always on the hunt for new shares to buy, it’s a great place to use as it will

provide you with so much vital information whether the investment fits your risk appetite profile, offers the dividends that you want etc.

Simply Wall St

The Ideas area offers a wide range of possible stocks or index funds that may be of interest to you with such catagories as renewable and clean technology, aerospace and defense, tech stocks and potentially undervalued stocks. Each Stock/Fund displays a snowflake graph which details 5 aspects. Value, Future, Past, Health and Dividend.

Simply Wall St

Simply Wall St is also available on the iTunes App store and the Google PlayStore. I recommend using the apps if you are intending to use it on a phone as I came across a few issues when using the mobile-based website.

Simply Wall St

They cover a wide range of exchanges like the ASX, NYSE, Nasdaq, NSE, BSE, TSX, TSXV, LSE, AIM, NZSE, SEHK and SGX. There are many others that are currently being worked on and will be supported soon.

Simply Wall St

There is 3 different tiers of plans offered. Free, The Investor Plan $174 and the Pro Plan, $480. The free plan is enough if you don’t hold a huge portfolio as it supports 6 company transactions in a portfolio.


Best books I read in 2017

best books 2017 income master

I made a goal to read more books throughout 2017 and even though I had a crazy busy year, I managed to finish a lot of amazing books. I ordered some of them online and also signed up for a library membership which is only a 5 minute walk away from home. This came in handy as I could take my daughter for a walk while grabbing some useful books to build more skills and knowledge.

  • Tony Robbins – Money, Master The Game

This was my favourite read of the year. At first I was a bit intimidated by just how massive this book was coming in at 688 pages. Rivalling the size of a phone book I thought I would be going through this forever. But because it was so incredibly interesting and well-written, I ended up completing the book in a few weeks. I could hardly put it down!

Tony speaks to a wide range of very successful people who offer their advice on how to build wealth and live stress-free. People such as Jack Bogle, Founder of Vanguard Investments, Warren Buffett, Carl Icahn and many more. They go through just about every style of investment available and weigh up the pros and cons of each. It’s a good read for those young or old so you can get yourself on a good road to financial freedom.

Here are some reviews of the Tony Robbins – Money, Master The Game book.

“A distillation of just about every good personal-finance idea of the last 40 years. Mr. Robbins passionately advocates diversification, buying index funds to keep investment expenses low and increasing the percentage you save every time you get a raise.” (New York Times)

“That rare gift that keeps on giving….Robbins has produced a book that will appeal to both the beginner and the most sophisticated money jockey overseeing multibillions of dollars in assets….If there were a Pulitzer Prize for investment books, this one would win, hands down.” (

“In this book Tony masterfully weaves anecdote and expertise to simplify for readers the process of investing—priming their financial education and helping them effectively plan for their future.” (Mary Callahan Erdoes, CEO, J.P. Morgan Asset Management)

  • MJ DeMarco – The Millionaire Fastlane

This book will really change your outlook on life and money. MJ DeMarco focuses on building wealth fast and retiring early. If you follow the steps in the book, it will help you get out of the rat-race that the majority of people are stuck in until they hit 65.

He also isn’t being ultra frugal either, considering he purchased a Lamborghini, something that was a goal of his since he was a young boy. He built a company and sold it for a multi-million dollar cash valuation and retired at the young age of 31.

Here are some glowing reviews of The Millionaire Fastlane book.

@mjdemarco Hi MJ!! I just finished your book and totally love it. Going to read it all again this time taking notes. THANK YOU!!!

— JacquelineSinfield (@JSinfield) April 24, 2013

@mjdemarco “Millionaire Fastlane” by MJ Demarco is THE most honest and direct commentary & instruction on entrepreneurship I have read.

— Vlad Soriano (@VladSoriano) November 5, 2012

@mjdemarco 🙂 reading your book as we tweet! It’s easily the best book I’ve read all year. Thank you!

— Carly Benson (@C2thaBeatz) October 4, 2012

Hey @mjdemarco wanted to say how your book inspired me to join the Fastlane. I just made in a week what I used to make in a month. Thank you

— Pier Falcomer (@pierfalcomer) October 26, 2012

Thanks for writing this book. Best book Ive read in a long time RT @mjdemarco: @mrreswag thanks for the shout out. 🙂

— Chris Bruce (@MrReSwag) January 17, 2013


  • Tim Ferriss – The 4-Hour Workweek: Escape 9-5, Live Anywhere and Join the New Rich

This is a must-read book for anyone wanting to get out of the rat-race and live a better life of financial independence. Many people discovered Tim Ferriss when they came across this book and then started listening to his podcast.

The book comes in at 308 pages so it’s easy to knock this one off in a week. Much like The Millionaire Fastlane book, it focuses on making the most out of your time, rather than slaving away at a 9-5 job that you really don’t enjoy.

The new expanded edition of  the Tim Ferriss – The 4-Hour Workweek book comes with:

• More than 50 practical tips and case studies from readers (including families) who have doubled income, overcome common sticking points, and reinvented themselves using the original book as a starting point
• Real-world templates you can copy for eliminating e-mail, negotiating with bosses and clients, or getting a private chef for less than $8 a meal
• How Lifestyle Design principles can be suited to unpredictable economic times
• The latest tools and tricks, as well as high-tech shortcuts, for living like a diplomat or millionaire without being either

Here are some reviews of The 4-Hour Workweek book.

“Stunning and amazing. From mini-retirements to outsourcing your life,
it’s all here. Whether you’re a wage slave or a Fortune 500 CEO, this
book will change your life!”
—Phil Town, #1 New York Times Bestselling Author of Rule #1

“The 4-Hour Workweek is a new way of solving a very old problem: just how can we work to live and prevent our lives from being all about work?  A world of infinite options awaits those who would read this book and be inspired by it!”
—Michael E. Gerber, Founder & Chairman of E-Myth Worldwide and the World’s #1 Small Business Guru

“Timothy has packed more lives into his 29 years than Steve Jobs has in his 51.”
—Tom Foremski, Journalist and Publisher of

“Tim Ferriss’s book is about gaining the courage to streamline your life… But even more than that, it challenges the reader to seriously consider an essential–yet rarely asked–question:  What do you really want from life?”
—Rolf Potts, Author of Vagabonding and Travel Columnist for Yahoo! News

“Tim has done what most people only dream of doing. I can’t believe he is going to let his secrets out of the bag. This book is a must read!”
—Stephen Key, Top Inventor and Team Designer of Teddy Ruxpin, Lazer Tag; Consultant to “American Inventor”

What were some of the best books that you read in 2017? What books do you have planned to check out this year? Let us know in the comments below.

Podcasts that will change your life

best podcasts income master

Podcasts have become very popular over the last few years and I’ll admit, I was a bit late to the party.

It started when signing up for Spotify and going through all the features on there and then deciding to discover if there were any interesting podcasts. Because I already had an interest in entrepreneurship, investing, life hacks, self-help, I was lucky to come across a few podcasts that have been incredibly rewarding.

While I still love listening to music, I’ve found a new love of listening to podcasts every day and learning new skills.

Here are some of best podcasts that I regularly listen to:

    1. Self-Made Man – This was the first podcast that I came across and it hooked me in from the first episode. The host, Mike Dillard, interviews a huge range of mega-successful people and they talk about how they achieved what they did and all the useful tips that they learned along the journey. Mike is a great host and always asks the guests interesting questions, not just the same basic ones that you might hear on other podcasts.He’s had guests on the show such as Tony Robbins, Tucker Max, Mike Chang, Simon Sinek, Gene Simmons and Drew Canole. They cover a wide range of topics as the guests come from all different walks of life and have built businesses in various niches and markets.This is a recommended podcast if you have that entrepreneurial personality trait and want tips on growing your business, productivity tips, scaling advice, social media marketing and much more.
      self-made man best podcasts income master
    2. The Tim Ferriss Show – Usually 6 episodes are released per month and the podcasts generally go for 1-2 hours so they are great to listen to in the car if you’ve got a long commute to and from work. Tim has had some massive names on his podcast show such as Arnold Schwarzenegger, Terry Crews, Bill Burr, Dorian Yates and Vince Vaughn.Because of the wide range of hosts that Tim Ferriss has on his podcast show, they cover almost any topic imaginable. This helps keep the show fresh and you are constantly learning new life hacks and all sorts of little tips and tricks.
      tim ferriss best podcasts income master
    3. ChooseFI – The ChooseFI podcast focuses on a term you might be familiar with, FIRE (financial independence retire early.) The two hosts interview various people from the financial independence community about how they achieved being able to quit their day job and retire decades before most other people do. Some of the people that they interview on the podcast aren’t quite retired yet but well on the way to being able to leave their job and spend the rest of their days doing what they want.A popular pastime among many of these people is to travel hack and accumulate massive amounts of travel reward points so they can use all their newly found free time travelling the world. If this sounds like something that you would like to pursue, I definitely recommend tuning in to the ChooseFI podcast as you’ll gain some extremely useful tips that if you execute, can help you build wealth and retire early.
      Choosefi best podcasts income master
    4. Foundr Magazine Podcast – A popular entrepreneurship podcast that’s based in Australia but interviews people from all over the world. The host, Nathan Chan, has had such guests as Tim Ferriss, Tony Robbins, Steve Huffman and Mark Cuban. The podcast revolves around people that have built extremely successful businesses and you will learn a lot by listening to the advice that’s provided. There are usually 5 or so episodes a month released which is a good amount to keep you subscribed and interested.
      foundr magazine best podcasts income master
    5. Superfast Business Podcast – James Schramko hosts this podcast, also based in Australia and he offers his lessons that he has learned along his journey as well as interviewing other experienced people.  He was a successful General Manager working for Mercedes-Benz while building an online business in his spare time on the side. Once the online business took off, he has been working on it fulltime ever since and loving life and helping others grow and scale their businesses.
      superfast business best podcasts income master

      Let us know in the comments below if you recommend any podcasts that you have found beneficial. Doesn’t have to be finance related, can be anything really! I run into the problem of finishing all the episodes of my favourite podcasts and then running out of things to listen to quite frequently.

Investing with BlackRock in Australia

BlackRock investors Income Master

Much like Vanguard, BlackRock is another provider of low-cost index funds and many other investment solutions.

BlackRock offers a large range of ETFs with low management fee rates across different asset classes and managed funds. There are different asset classes available such as Cash, Fixed Income and Equities.

They were founded back in 1988 are now the world’s number 1 asset manager with a massive $5.7 Trillion assets under management as of 2017.

Here is a small list of some of the ETFs that are available through BlackRock.

  • [Code: IVV] iShares S&P 500 ETF (Management fee: 0.04%)
  • [Code: IJR] iShares S&P Small-Cap ETF (Management fee: 0.07%)
  • [Code: BILL] iShares Core Cash ETF (Management fee: 0.07%)
  • [Code: IHHY] iShares Global High Yield Bond (AUD Hedged) ETF (Management fee: 0.56%)
  • [Code: IJP] iShares MSCI Japan ETF (Management fee: 0.49%)
  • [Code: IHVV] iShares S&P 500 AUD Hedged ETF (Management fee: 0.10%)

You can create an individual investor account on the BlackRock website to get started or you can also purchase their ETFs on investment platforms like ANZ Share Investing, Commsec and BT Panorama.

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Full fund list for BlackRock iShares ETFs

There are some great options available for passive income as the dividends are very generous. Below are the distribution yield rates which is calculated in Australian dollars when taking into account all the distributions that were paid out over a 12-month rolling period.

  • [Code: IVV] iShares S&P 500 ETF – Distribution Yield – 1.76%
  • [Code: IJR] iShares S&P Small-Cap ETF- Distribution Yield – 0.76%
  • [Code: IHHY] iShares Global High Yield Bond – Distribution Yield – 6.98%
  • [Code: IJP] iShares MSCI Japan ETF – Distribution Yield – 1.55%
  • [Code: IHVV] iShares S&P 500 AUD Hedged ETF – Distribution Yield – 1.78%

BlackRock have put together some really simple to understand and great brochures for their ETFs. These are recommended to read through before making a decision so you can see which one suits your risk-profile and how it suits with the rest of your investment portfolio so you remain diversified.