Podcasts Of The Week [3rd week April]

best podcasts income master

Welcome to another edition of Podcast Of The Week!

Each week we will post a few of the best podcast episodes that we have listened to over the last 7 days.  The podcasts will cover various topics, not just personal finance and investing.

Podcast: The Property Couch
Episode: Q & A on What % of your Income should you Spend, Borderless Investing and Smart Money Management Tips
Link: http://thepropertycouch.com.au/ep168-qa-borderless-investing-money-management/


It’s our favourite day of the month folks… Q & A Day!!!

And we’re covering quite a bit in a short & sweet amount of time today— including AN EXCLUSIVE ANNOUNCEMENT for our Couch listeners!!! (As it so happens, this was dropped with, “Yeah, go on, let’s tell ‘em” and a nod of the head… so an absolute scoop.)

Not only that, but also we answer 3 solid questions, thanks to the legends who leave us a SpeakPipe voicemail message (remember: we prioritise your Q if you do this too)!

But back to today’s episode — if you want to know what we think of investing in Hobart, and down in good ol’ Tassy in general (it’s been getting a bit of attention from a fair few property investors), OR you want to find out if now’s the time to invest in Perth … tune in.

But 100% TUNE IN if you’re keen to get on top of your Money SMARTS — we give you a rough rule of thumb for the amount of income you should allocate to your spending habits ie. How much you should spend on Bills, Living and Lifestyle and your Loan/s!!

Podcast: The MFCEO Project

Episode: Is It Better To Be Famous or Impactful? With Andy Frisella

Link: https://andyfrisella.com/blogs/mfceo-project-podcast/is-it-better-to-be-famous-or-impactful-with-andy-frisella-mfceo231


There’s a question that I think – if you answer it rightly – will get you straight on what you’re doing with your business, your brand….even your whole life. If you answer this question correctly, you’re going to have a sense of strength and purpose that other people dream about. And you’re going to feel good about yourself. So here’s the question: is it better to be famous or impactful? That’s what I talk through on today’s episode.

Podcast: Self Made Man

Episode: How To Make 7-Figures With Amazon

Link: https://www.selfmademan.com/podcasts/4mrugsxOmQgiMaC2IywsIi


Today’s interview is going to be pretty special for a lot of you out there who want to build an online business, but who might feel like you’re just not cut-out for an information marketing type of model.

Obviously if you follow my work and this podcast, you know that I’ve done very well as an online publisher and educator.

I figured out about 10 years ago that I’m really good at writing books and courses, and selling those online. And in fact, I’ve sold around $60 million worth of those products during that time.

Naturally, a lot of my students want to create the same kind of business.

Well what if you’re just not meant for that… What if writing or recording products is a true struggle for you?

What if writing sales letters or sales video scripts is something you’ve attempted to do for years, unsuccessfully…

What if you don’t want to turn on the camera and start posting pictures and videos to instagram every week to become an influencer and leader in your niche?

The bottom line is that very few people are meant for this kind of business, and that’s okay.

If that’s you, then today’s episode is what you’ve been looking for.

The good news is that there is a different kind of business you can build… One that you can run from anywhere in the world, where you don’t have to write sales letters, or fire up the camera.

All you need to do is find and list great products for sale.

I’m talking about Amazon.

There are literally tens of thousands of average ordinary people who make a phenomenal living, buying products at wholesale, and listing them for sale on Amazon.

Many of them have now started to private label those products under their own brand, build up a customer base, and then sell that company for millions of dollars just one to two years later.

It’s one of the most simple and relatable business opportunities in the world, and the guy who help start this revolution is on with us here today…

His name is Matt Clark, and over the past 7 years, Matt’s company has produced more successful Amazon business owners than anyone else in the world.

So if you’ve been trying to build an online business, but it just hasn’t clicked, starting an Amazon business just might be the answer you’ve been looking for, and Matt is here today to walk you through the entire process.

Getting The Best Term Deposit in Australia


Just like retail shopping, the finance industry is the same where it pays to shop around and find yourself the best possible deal. Thankfully, it’s a simple process to find the best term deposit rates in Australia thanks to Australian Money Market. You can see all the term deposit rates currently on offer from over 20 Australian financial institutions and you can pick and choose which offer sounds the most attractive to you.

Using Australian Money Market doesn’t cost anything as they receive a brokerage from the financial institution or bank for getting you to sign up for a term deposit. Much like a referral that a blogger would receive for affiliate marketing.


Current Best Term Deposit rates in Australia

  • Citibank Term Deposit – 2.8% p.a. 6 month term $100,000 minimum investment
  • Ubank Term Deposit – 2.6% p.a. 3 month term $1,000 minimum investment
  • MyState Term Deposit – 2.6% p.a. 12 months term $5,000 minimum investment
  • ING Term Deposit – 2.9% p.a. 24 month term $10,000 minimum investment
  • RaboDirect Term Deposit – 2.6% p.a. 24 month term $1,000 minimum investment
  • ME Term Deposit – 2.85% p.a. 7 month term $1,000 minimum investment
  • Westpac Term Deposit – 2.4% p.a. 24 month term $5,000 minimum investment
  • People’s Choice Credit Union Term Deposit – 2.8% p.a. 24 month term $5,000 minimum investment
  • Macquarie Bank Term Deposit – 2.5% p.a. 12 month term $10,000 minimum investment
  • NAB Term Deposit – 2.6% p.a. 24 month term $5,000 minimum investment
  • Bank Of Melbourne Term Deposit – 2.5% p.a. 24 month term $1,000 minimum investment
  • BT Term Deposit – 2.85% p.a. 60 month term $5,000 minimum investment
  • St George Term Deposit – 2.95% p.a. 60 month term $5,000 minimum investment

So for an example with one of the best term deposit offers that ING has at the moment:

A $10,000 deposit over a 2 year period at a fixed interest rate of 2.9% comes to $580 interest earned. Not too bad! As we discussed in our diversify across stocks and bonds article, term deposits can come in handy in your investment portfolio.

Just make sure before agreeing to the terms and conditions, that you haven’t locked away too big a chunk of your savings away for too long a period. If you happen to urgently need access to the funds, you will take a hit on the interest and in most cases, have to wait out a 31 day notice period. Only in some situations where you are approved for financial hardship, the bank or financial institution can agree to release the funds back to you sooner.

It’s also good to take note if the bank or financial institution that you are taking a term deposit with has the Australian Government Guarantee of $250,000. In the event that the bank goes broke, you are at least covered for losses up to that amount.

So the best term deposit for you should include the government guarantee, have a minimum investment amount that you can afford to put aside and not have access to and just the right amount of duration.

Australian Money Market partners with the big players

Financial planning software platforms and providers of data feeds.

Platform Partners

  • Bell Direct
  • Multiport
  • Super Concepts
  • Super IQ
  • Xpress Super
  • Supervision Group
  • OneVue
  • AMG Super
  • Smartwrap
  • Eclipse UMA

Cash Management Account (CMA) Providers

  • Westpac
  • Bank Of Queensland
  • ANZ
  • Commonwealth Bank
  • Macquarie Bank
  • Bankwest
  • DDH Graham

Financial Institution Partners

  • Auswide Bank
  • Adelaide Bank
  • AMP
  • ANZ
  • Arab Bank Australia
  • Bank Of Sydney
  • BOQ Specialist
  • Bank of Queensland
  • BCU
  • Community First Credit Union
  • Gateway Bank
  • Goldfields Money
  • ING Direct
  • Macquarie Bank
  • ME Bank
  • Move
  • MyState
  • NAB
  • QBank
  • RaboDirect
  • Smarter Money Investments
  • Spectrum Asset Management
  • St George
  • Suncorp Bank
  • Westpac

Life Insurance


Life insurance helps your family financially if you were to die or face a permanent disability, serious injury or critical illness that takes you out of the work force. Funerals and everything that goes along with it are incredibly expensive so it’s good to have an insurance policy in place to assist your family during these times.

We will go through the various types of insurance offerings and types available in Australia.

Best Life Insurance Australia

Here is a comparison of the best life insurance policies that are available at the moment in Australia. We will keep this list updated as providers offer new plans and deals.

ProviderPlan NameMinimum Sum InsuredMaximum Entry Age
NobleOakPremium Life Direct$0.0069
Budget DirectSimply Smarter Life Insurance$50,000.0063
Insure Me NowSuperior Life Insurance Cover$100,000.0064
MedibankLife Insurance$100,000.0065
ZurichEzicover Life Insurance$50,000.0069
InsuranceLineLife Insurance Plan$0.0065
NIBValue Life Insurance$100,000.0065

How much does Life Insurance cost?


The cost of life insurance will vary on such factors like:

  • If you are a smoker or non-smoker
  • Your age
  • Your gender
  • If you partake in any hobbies considered risky
  • Your medical history
  • If your type of work is considered risky

These are some approximate monthly premium prices for various age groups comparing smokers and non-smokers. If you are currently smoking, it’s definitely a good incentive to quit! Not only are you saving money on buying the cigarettes, but you will improve your health and your life insurance policy will be considerably cheaper! If you are a smoker but thinking of quitting,  providers will want to see that you haven’t smoked for at least 12 months to be considered a non-smoker.

  • 30’s Male Non-smoker – $28
  • 30’s Male smoker – $54
  • 30’s Female non-smoker – $24
  • 30’s Female smoker – $40

What does Life Insurance cover?


There are four different types of cover available which in the event of death, permanent disability, terminal illness, a lump sum payment will be given to your beneficiaries.

  1. Income Protection Insurance – you will receive a monthly payment while you are unable to work and earn your regular income.
  2. Trauma cover – you will receive a lump sum payment if you are going through a serious injury or critical illness.
  3. Total and Permanent Disability Cover (TPD) – Much like trauma cover, this is more permanent. You will receive a lump sum payment if you are unable to be in the work force any longer due to a permanent disability.
  4. Term cover

How do I buy Life Insurance?


So, you’ve decided that you would like to buy a life insurance plan. There are three different methods of purchasing a plan.

  1. Apply for life insurance cover through your superannuation plan
  2. Buy life insurance directly through a life insurance provider
  3. Buy a life insurance policy through an adviser

Option number two is easier because no financial planner/adviser is involved. When applying for the cover, it has fewer medical restrictions and the cover can be obtained online, or over the phone.

If you already have a financial adviser that you are paying for, it makes sense to seek their expertise on what plan will suit your needs and budget.

To apply online, the information that you’ll want to have readily available is your date of birth, if you are a smoker or non-smoker, occupation, gender, and the policy type and payout amount you would like to receive from the cover.

The typical health conditions that providers will want to know if you suffer from are:

  • Cancer, tumors and moles
  • Anxiety and/or depression
  • Sleeping disorders
  • Asthma
  • Breast cancer
  • Prostate cancer
  • heart conditions
  • Thyroid conditions
  • Kidney or bladder disease
  • History of high blood pressure or raised cholesterol

After you have provided all of your details, the provider will get back to you either with an approval, stating the policy amount that they are willing to cover you for, or a rejection if perhaps you are seen as too high a risk to insure. This can be due to taking part in a wide range of high risk hobbies or occupation, a various amount of health conditions, or they suspect that you weren’t truthful in the application. Remember to always be completely honest and transparent when dealing with insurance companies.

Life Insurance, Trauma Cover and Income Protection Providers


BT Financial Group

  • Living Insurance
  • Income Protection
  • Total and Permanent Disability cover (TPD)
  • Term Life

Awards received by BT


  • Conexus Financial Superannuation Awards – Best Technology Offering – BT Panorama
  • AFA Strategic Insights Awards – Life Company of the Year (Finalist)
  • AFA Strategic Insights Awards – Underwriting Team of the Year, Client Service Team
  • The Heron Partnership – 5 Star Quality Rating



  • Life Insurance
  • Income Protection
  • Serious Illness and Permanent Disability

Awards received by NobleOak


  • 2016 Direct Life Insurance Award for Trauma Rider Option – Strategic Insight
  • 2016 Direct Life Insurance Award for TPD Rider Option – Strategic Insight
  • 2016 Direct Life Insurance Award Overall Excellence Award – Strategic Insight

Real Life Insurance

  • Life Insurance
  • Income Protection
  • Funeral Insurance

Awards received by Real Life Insurance


  • Money magazine’s Best of the Best 2013 Award for Cheapest Car Insurance







Lowest cost Australian ETF


BetaShares are set to release the lowest cost Australian ETF to date. This is great for investors as it’s giving more options and competition with other low-cost providers like Vanguard, Blackrock and Fidelity.

BetaShares has announced it will launch the world’s lowest cost Australian shares ETF, the BetaShares Australia 200 ETF, which will trade under the ASX under the code: A200.

A200 will give investors exposure to 200 of the largest companies listed  on the ASX by market capitalisation in a single trade, with management costs of only 0.07% p.a, which is currently half the cost of the current lowest fee Australian shares ETF available on ASX.

Register your interest in A200 here.

BetaShares have many other low-cost Australian shares available.

FundTickerManagement Costs p.a
Australian Dividend Harvester Fund (managed fund)0.90%
Australian Equities Bear Hedge Fund
Australian Equities Strong Bear Hedge Fund
Australian EX-20 Portfolio Diversifier ETF
Australian Small Companies Select Fund
Australian Sustainability Leaders ETF
BetaShares Legg Mason Equity Income Fund
BetaShares Legg Mason Real Income Fund
Australian Top 20 Equity Yield Maximiser Fund (managed fund)
FTSE RAFI Australia 200 ETF
Geared Australian Equity Fund (hedge fund)
Managed Risk Australian Share Fund (managed fund)
S&P/ASX 200 Financials Sector ETF
S&P/ASX 200 Resources Sector ETF


How To Start A Blog


At Income Master, we are all about helping Australians build wealth, retire early and enjoy life. A big tool in building wealth is generating passive income which can be made by starting a blog. I have over 15 years experience with building websites! I started way before products like WordPress and Weebly were around. Now it is easier than ever for someone to get a website up and running without being a hardcore programmer or an expert graphic designer. I will take you through the steps on how to start a blog and how you can start generating passive income.

No matter if your goal is to earn some extra cash to supplement your income from your day job, or if you want to go full-time with your project, this will help you get the ball rolling.

Where to start?

One of the first things before starting a blog is to consider if it is for you. If you don’t enjoy writing, then maybe a starting a podcast or Youtube channel is more suited to you. If you do enjoy writing about a topic that you are passionate about, then blogging can be an amazing and rewarding experience. Not only can you help solve problems that your readers may have in your chosen subject of choice, but in a some cases, you can earn enough money to make it your full time job!

So you’ve decided to go down the blog path, first you need to think of a catchy domain name.

Tips for a good domain name are:

  • Keeping it short so it’s easier for potential visitors to remember.
  • Try to incorporate common keywords into the name that relate to the subject that your blog covers
  • Do some quick googling before settling on a domain name. Sometimes you may find that another website is already using the name in which case, the domain isn’t available (unless they’re willing to sell it to you for the right price) Also if someone owns a trademark against the name, you definitely want to avoid using that.
  • BlueHost offers domains as well as hosting so you can search for domain names and it will let you know if it is available for purchase.


Picking a WordPress Theme

There is an enormous amount of themes available for WordPress. Some being free while others cost a bit of money. Plenty of the free ones are quite serviceable and will do the job, whereas the paid themes offer a bit more customisation and tools.

Once you’re logged into the WordPress dashboard, click Appearance from the menu on the left and then Themes. There will be a button at the top that says Add New. This will bring up a huge selection of themes that you can download and start playing around with. The cool part about this is that you can quickly view a demo of these themes and see how your blog transforms and it makes picking one a bit easier.

One crucial thing to be aware of with themes and also images is the speed of your website. A website that is painfully slow will drive traffic away. You can test the speed of your website using tools such as Pingdom. Just pop in your website URL and it will run a test and provide you with the results. It breaks up every element of your website so you can drill down and see what is slowing down the speed of the website. It’s completely free and very handy. I use it on all of my websites.

Start a blog Pinterest

It’s good to regularly test your website to check that everything is running at optimal performance. Sometimes you may pop some hi-res pics in a few of your blog posts or start using some bloated plugins and all of a sudden your once speedy blog is now starting to crawl.

WordPress.com and Blogger offer free hosted options, if you just want to give starting a blog a go before paying for hosting packages with other providers.

Types Of Monetisation

There are many different types of monetisation that you can utilise to generate passive income for your blog. Some are more powerful than others and also vary in effectiveness depending on which subject your blog covers.

Some people manage to make $100,000 a month and more through Google Adsense where as other have noticed that it’s one of their weakest forms of passive income due to the wide use of AdBlockers in a majority of visitors.

The Amazon affiliate program can be powerful as you receive a cut of the purchase price when someone clicks on your referral link and purchases an item. A higher value product means more money in your pocket. It’s important to advertise products that you use and recommend yourself that you know your blog visitors would enjoy. For example, I have listed some books that I have thoroughly enjoyed like Tony Robbins – Money, Master The Game, MJ DeMarco – The Millionaire Fastlane. 

There are many referral programs available where you receive a small amount of money for bringing new customers to a platform. As far as finance and investing blogs go, the Personal Capital referral program is quite popular. Some credit card companies also offer referral programs which is handy if you cover articles about travel reward points with credit cards.

10 Useful Tools When Running A Blog

Here are some useful tools that come in handy when running a blog site.

    1. Google Analytics – View your blog traffic stats and see how you’re performing
    2. MailChimp – Put together great looking email newsletters for your subscribers. Super easy to use!
    3. BuzzSumo view stats on how particular articles are being shared across various social media platforms. See what works well and what doesn’t.
    4. Grammarly – A Firefox and Google Chrome plugin that checks your grammar and spelling. There’s a free version as well as a paid premium package which offers more features.
    5. Canva – On online-based graphic design tool. Great if you’re not a pro with Adobe Photoshop but want to design your own logos, banners and more.
    6. Yoast SEO plugin – A really handy WordPress plugin that will give you tips to make sure your articles in your blog rank well in search engines.
    7. Alpha Waves music – A bit of an odd-ball tip but I find these music tracks really useful when writing blog articles, studying, reading. Alpha waves is music that runs at a particular frequency and has been shown to help with concentration and focus.
    8. SEO and SERP Tracking tools – There are many SEO and SERP tracking tools out there so you can monitor how your blog is ranking for particular search terms on the search engines like Google. It’s also good to check out your competitors and see what they’re doing that’s working well. Some examples are SemRUSH and SerpWoo.
    9. WP Super Cache – This is a plugin made by the same team that created WordPress. It will help your blog run fast and clean up the database in the back-end of your site.
    10. Better WordPress Minify – Another useful WordPress plugin that shrinks the Javascript and CSS code to keep your blog running fast.

Spotify IPO


Another huge tech success story has joined the share market with Spotify announcing their IPO last month, and the stock went on sale to the public this week.

Ticker – SPOT

The stock opened at $135.51 a few days ago and as of today is sitting at $148.80 which is impressive considering the state of the markets in general this week has been a bit shaky.

Spotify generated $4.99 Billion in revenue for 2017 with a 39% growth from 2016. Before the Spotify IPO went live, they received a private-market valuation of just under $20 billion.

I use Spotify daily. A small snapshot of some of the bands I listen to.

The average revenue per Spotify Premium user has dropped due to a large amount of uptake on the family plans which allow 6 people to use the same subscription plan. Both Mrs. Income Master and myself have been using a Family Spotify plan for about a year now as it works out considerably cheaper than paying for individual plans.

Spotify’s main competitor, Pandora, continues to struggle. Ticker: P currently trading at $4.73 and have yet to turn over an annual profit.

I’ll be interested to see how this stock plays out but I’m unlikely to be a buyer.

Teach Kids Good Habits With Money


To truly harness the power of compound interest, the earlier a person starts investing, the better. If you want your kids to start on the right track, it’s essential to teach them good habits with money. Not only teaching them good practices with finances by talking to them and having them read books about it, but showing them what you do yourself will have great power.

In just about any primary and high school in the world, there is a distinct lack of any mention of finances which is really alarming. So, many kids will turn to their parents and learn from their habits.


10 tips to Teach Kids Good Habits With Money

Teach them to invest and the benefits of starting early and having money work for you. Baby Income Master is 13 months old in a few days and has already amassed just under $3,000. This was built using a combination of automatic fortnightly deposits, Westpac’s Baby Bump account offer, and birthday gifts. Obviously we are a while away from Baby Income Master being old enough to understand what money is just yet, but she will have a very good base to start off with when she does reach that age.Showing kids a basic compound interest chart is relatively simple for them to understand and a lot will get excited about just how easy it is to start hitting big figures.

Learn from the mistakes that you made and help them avoid common pitfalls. Everyone makes mistakes, it’s part of being human. Mistakes make us better if we learn from them. As kids start getting older and into their late teens, it’s definitely important to teach them the right habits of credit cards, or to just not get one at all. I’m a believer that they are a useful tool if used correctly as you can receive benefits such as travel reward points.Also when it comes time for them to purchase their first car, rather than taking out a loan and buying something beyond their means, teach them to save for it and buy something reasonable outright. I bought my first car with money I had earned stacking shelves at Big W (Walmart for those in USA) valued at around $5-6K. It was a used Honda Accord with a lot of mileage but it did the job. It’s pretty much guaranteed that you’ll have a few mishaps in your first car as you’re gaining driving experience so it’s best not to get anything too extravagant.  Sticking with small, reliable Japanese cars like the Toyota Corolla, Honda Civic, Honda Accord and others are a great way to go as general maintenance is low, petrol usage is small and insurance is also affordable.

Teach kids the benefits of working well before they reach the typical working age. Small little jobs around the house is the perfect starting point. Things like cleaning their bedroom, mowing the lawn, taking out the trash. If they complete the jobs, you can reward them with a small payment that they can get into the habit of saving. If they have some sort of goal, that will make saving more interesting. rather than just immediately spending each payment on lollies and toys.

While they have their first part-time job and likely have few monthly bills due as they are still living at home, it’s great to put in place an automatic savings plan. With any banking app or website, you can setup automatic deposits and transfers. This is a powerful savings and investing tool to take advantage of. Pay yourself first. While the children aren’t paying off a mortgage, health insurance and a plethora of other bills us adults have the joy of dealing with, it’s crucial to be allocating a nice chunk of the pay away into a high interest savings account. Something like 15% of their paycheck is a good amount to start with. I was saving at a much higher rate during my first job but different people can tolerate different levels of frugality.

Talking to your kids regularly about money will help them get an understanding of good habits to have. Letting them know that the ATM doesn’t spit infinite notes out (sadly) and that being disciplined pays off. Speaking to them about their goals and what they want to achieve so they can start mapping out a plan of attack. Money is a big stressful monkey on many of our backs so having a game-plan put in place will make things easier.

The Beanstalk Activity centre. Commonwealth Bank have put together a great one-stop shop for kids to learn about saving and budgeting. There are many activity sheets for you to download and print off for your kids such as: Savings Tracker, Resume Builder, Learning About Value, My Budget Plan.

Setup a high interest savings account. There are many savings accounts that you can apply for that are designed for children.

Youthsaver account. Make at least one deposit and no withdrawals each calendar month to earn bonus interest of 2.29% p.a. on balances up to $50,000.

Bump Savings account. No monthly service or transaction fees. Variable interest rate of up to 2.30% p.a.

ANZ Progress Saver account. Free monthly account service, up to 1.71% p.a.

When paying the bills, explain the amounts that daily living expenses add up to and how many days of work it takes to cover such costs. This will help them build the relationship between time and money in their head. Living within your means so you can live comfortably and not having to work until you’re 65-70 as you’re still paying off material objects.

While doing the grocery shopping point out that the same items can vary in price drastically depending on brand and other factors such as buying in bulk. This can keep kids occupied while in the shops while they spot cheaper prices for items on the weekly shopping list and will help with their general maths skills.

Monitor mobile phone usage. I didn’t get my first mobile phone until I was about 16 or 17 from memory. The very first Motorola phone which had a colour screen! The size of the screen was only slightly larger than a postage stamp. Children now days are getting them as early as 10. It’s important to make sure they understand the costs associated with owning a mobile phone and to be responsible by not racking up a gigantic bill. Many parents have received phone bills in the mail for their kids because they have managed to spend an exorbitant amount on micro transactions with their favourite games.

Let us know in the comments what tips and tricks you use to get your kids to be smart with money!

Diversified ETFs with Vanguard

Vanguard Investments Income Master

Vanguard launched a range of diversified ETFs a few months back that you may not have come across yet.

  • Vanguard Diversified Conservative Index ETF [VDCO]
  • Vanguard Diversified Balanced Index ETF [VDBA]
  • Vanguard Diversified Growth Index ETF [VDGR]
  • Vanguard Diversified High Growth Index ETF [VDHG]

What do these ETFs with Vanguard consist of?

All of the diversified ETF funds are invested in a mix of up to 8 Vanguard funds.

Vanguard Diversified High Growth Index ETF [VDHG]

  1. Vanguard Cash Plus Fund (-% ratio)
  2. Vanguard Australian Fixed Interest Fund (3% ratio)
  3. Vanguard Global Aggregate Bond Index Fund (hedged) (7% ratio)
  4. Vanguard Australian Shares Index Fund (36% ratio)
  5. Vanguard International Shares Index Fund (26.5% ratio)
  6. Vanguard International Shares Index Fund (Hedged) (16% ratio)
  7. Vanguard International Small Companies Index Fund (6.5% ratio)
  8. Vanguard Emerging Markets Shares Index Fund (5% ratio)

Vanguard Diversified Growth Index ETF [VDGR]

  1. Vanguard Cash Plus Fund (-% ratio)
  2. Vanguard Australian Fixed Interest Fund (9% ratio)
  3. Vanguard Global Aggregate Bond Index Fund (hedged) (21% ratio)
  4. Vanguard Australian Shares Index Fund (28% ratio)
  5. Vanguard International Shares Index Fund (20.5% ratio)
  6. Vanguard International Shares Index Fund (Hedged) (12.5% ratio)
  7. Vanguard International Small Companies Index Fund (5% ratio)
  8. Vanguard Emerging Markets Shares Index Fund (4% ratio)

Vanguard Diversified Balanced Index ETF [VDBA]

  1. Vanguard Cash Plus Fund (-% ratio)
  2. Vanguard Australian Fixed Interest Fund (15% ratio)
  3. Vanguard Global Aggregate Bond Index Fund (hedged) (35% ratio)
  4. Vanguard Australian Shares Index Fund (20% ratio)
  5. Vanguard International Shares Index Fund (14.5% ratio)
  6. Vanguard International Shares Index Fund (Hedged) (9% ratio)
  7. Vanguard International Small Companies Index Fund (3.5% ratio)
  8. Vanguard Emerging Markets Shares Index Fund (3% ratio)

Vanguard Diversified Conservative Index ETF [VDCO]

  1. Vanguard Cash Plus Fund (10% ratio)
  2. Vanguard Australian Fixed Interest Fund (18% ratio)
  3. Vanguard Global Aggregate Bond Index Fund (hedged) (42% ratio)
  4. Vanguard Australian Shares Index Fund (12% ratio)
  5. Vanguard International Shares Index Fund (8.5% ratio)
  6. Vanguard International Shares Index Fund (Hedged) (5.5% ratio)
  7. Vanguard International Small Companies Index Fund (2% ratio)
  8. Vanguard Emerging Markets Shares Index Fund (2% ratio)

These funds have a low 0.27% pa management fee with Vanguard as you would come to expect from their low-cost offerings. ETFs with Vanguard are a popular choice and with good reason. While their website could definitely do with an update, their customer service and products are sensational.


Current prices of these Tickers as of today:

  • VDCO $49.90 AUD
  • VDBA $49.84 AUD
  • VDGR $49.70 AUD
  • VDHG $49.55 AUD

These ETFs are available on most online stock brokers like Commsec now.

50 Quotes from Warren Buffett

Here is a list of 50 popular quotes from the investing legend, Warren Buffett. It’s good to keep these in your mind when you feel lost as to where to go to next, or if you think your portfolio maybe isn’t heading in the right direction.

  • A public-opinion poll is no substitute for thought.
  • Chains of habit are too light to be felt until they are too heavy to be broken.
  • I always knew I was going to be rich. I don’t think I ever doubted it for a minute.
  • I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.
  • I buy expensive suits. They just look cheap on me.



  • I don’t have a problem with guilt about money. The way I see it is that my money represents an enormous number of claim checks on society. It’s like I have these little pieces of paper that I can turn into consumption.If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life. And the GNP would go up. But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing. I don’t do that though. I don’t use very many of those claim checks. There’s nothing material I want very much. And I’m going to give virtually all of those claim checks to charity when my wife and I die.
  • I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
  • I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
  • If a business does well, the stock eventually follows.
  • If past history was all there was to the game, the richest people would be librarians.
  • If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.
  • In the business world, the rear view mirror is always clearer than the windshield.
  • Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.
  • It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.
  • It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.
  • It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
  • I’ve reluctantly discarded the notion of my continuing to manage the portfolio after my death – abandoning my hope to give new meaning to the term ‘thinking outside the box.’
  • Let blockheads read what blockheads wrote.
  • Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
  • Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac’s talents didn’t extend to investing: He lost a bundle in the South Sea Bubble, explaining later, ‘I can calculate the movement of the stars, but not the madness of men.’ If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases
  • Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.
  • Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.
  • Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
  • Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
  • Only when the tide goes out do you discover who’s been swimming naked.
  • Our favorite holding period is forever.



  • Price is what you pay. Value is what you get.
  • Risk comes from not knowing what you’re doing.
  • Risk is a part of God’s game, alike for men and nations.
  • Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
  • Wall Street is the only place that people ride to work in a Rolls Royce to get advice from those who take the subway.
  • The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
  • The investor of today does not profit from yesterday’s growth.
  • The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball.They know that overstaying the festivities — that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future — will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.
  • The only time to buy these is on a day with no “y” in it.
  • The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves-and the better the teacher, the better the student body.
  • There are all kinds of businesses that Charlie and I don’t understand, but that doesn’t cause us to stay up at night. It just means we go on to the next one, and that’s what the individual investor should do.
  • There seems to be some perverse human characteristic that likes to make easy things difficult.
  • Time is the friend of the wonderful company, the enemy of the mediocre.
  • Value is what you get.
  • We believe that according the name ‘investors’ to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a ‘romantic.’
  • We don’t get paid for activity, just for being right. As to how long we’ll wait, we’ll wait indefinitely.
  • We enjoy the process far more than the proceeds.
  • We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
  • We’ve long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.
  • When a management team with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
  • Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
  • Why not invest your assets in the companies you really like? As Mae West said, “Too much of a good thing can be wonderful”.
  • Wide diversification is only required when investors do not understand what they are doing.
  • You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.


Stocks take a big hit today


You may have noticed that your investment portfolio was mostly swimming in a sea of red today.  This was due to US President Donald Trump’s announcement that he would impose tariffs on Chinese imports in the billions.

Some of the damage that took place:

  • Japan’s Nikkei dropped 4.5 percent
  • Dow Jones down 724.42 points or 2.93 percent
  • S&P 500 down 2.5 percent
  • ASX 200 down 2.0 percent

Now it’s not time to panic just yet, many economists don’t think this is the beginning of a recession or even the start of a bear market.

It’s important to not focus on the day-to-day changes of your investment portfolio, look at the big picture. Today’s change will be a drop in the ocean when you look back on your investment performance graph over say a 10 year period.

It’s best to look at it as if a sale is on and it’s time to grab a bargain! The worst thing you can do is panic-sell during a dip like this.

Just about the only thing that was in the green today was precious metals such as Gold. Another reminder that being diversified across all different classes and assets is crucial.

Source: marketwatch.com

Big players weren’t safe either with Facebook [FB] continuing to fall. (0.96%) Amazon [AMZN] (1.70%) and JPMorgan Chase & Co. [JPM] (4.17%).

Next week will be interesting to see how the markets reacts and if we start to see some very high sell walls.