Welcome to Finance and Fury, today’s episode is a flow on from last Monday’s Investment philosophy episode and narrow down into an Investment Strategy.

To invest properly, your investment beliefs need to expand into a strategy, an implementation plan.

So Today:

  • Expand on building an investment strategy from the investment philosophy – check out the worksheet
  • Look at goals and timeframes
  • The types of investments you will use
  • How much additional risk you can take on

Next Week:

  • Investment plans and specifics of putting the strategy in place
  • Implementation of said plan
  • The workbook will be available
  • What to actually do? And what habits you will make a part of your life?

Workbook for this:

  • Spent time putting together a work book for listeners
  • Questions to hep run through this exercise
  • Includes a checklist

Investment strategy:

  • Summary of what you will do
  • Behaviours that are necessary
  • Based off of the investment philosophy
  • Making it into an actionable plan

How to come up with it?

  • Be honest and ask yourself, how you will achieve your goals?
  • Has to be in line with the investment philosophy
  • The strategy helps you keep to your philosophy
  • How do you view your investments? What do they mean to you?
  • The strategy is how you articulate your strategy throughout your life

Categories of investment strategy questions:

  1. Goals and timelines
  2. How much risk can you withstand?
  3. Strategy to use

Outline:

  • Goals and timelines. We have talked about financial goals before.
  • Your attitude towards risk – are you a lover or hater?
  • Identifying a risky strategy when you see one – crystalising losses or not, will you be better off?
  • Avoid emotions and hard sells with the fear of missing out
  • Behaviours and emotions – knowing how you will react ahead of time helps avoid the worst case scenario
  • Mental exercises – not as good as the real thing but they help
  • Strategy specific – how will you look at achieving the goal?
  • Look at the types of investments that will help you achieve your goal

An example of mine: listen to find out details

  • Investment philosophy is 2 simple statements
  • Investment strategy is 3 statements – how I implement my philosophy

Next episode:

  • Work through some options to build wealth
  • The basic building blocks to pursue financial independence
  • Investment plans and specifics of putting the strategy in place
  • Implementation of said plan
  • What to actually do? and what habits you will make a part of your life?

Get ready for the workbook next week. It will be available on the website.

Thank you for listening. If you have any questions or want to get in touch you can do so here.

 

Resources:

Last week’s episode – https://financeandfury.com.au/how-do-i-make-an-investment-philosophy/

My financial goals – https://financeandfury.com.au/goals-for-the-new-year/

Setting your goals, with workbook – https://financeandfury.com.au/one-of-the-best-places-to-invest-in-2019-is-to-invest-in-yourself/

Overview of risk – https://financeandfury.com.au/risky-business/

Investing in 2019 – https://financeandfury.com.au/investing-in-the-share-market-in-2019/

 

 

 

 

 

How to achieve your new year financial goals through turning them into daily habits.

Welcome to the Finance and Fury and the new year, 2021. Hope the start to the year has been good for you all – as in this episode we will be looking at how to work on your financial goals through the year through turning these into daily habits Last episode - Stared...

The RBA rate drop will further compound our ‘low growth trap’, rather than stimulating the economy

Welcome to Finance and Fury, The Furious Friday Edition In this ep, we continue looking at the lucky country look at a downward spiral in growth – low growth traps – and how it is created by what is meant to help growth?   Low growth trap – The big problem comes...

Agenda 2030 – A global conspiracy theory, or something to actually worry about?

Welcome to Finance and Fury, The furious Friday edition Intro ep to a new FF series – probably going to be the biggest Today – episode to give the bird's eye view of the overall topic - massive topic - ranges from education, energy, transportation, medicine prices,...

Congratulations! You will be able to borrow more money to purchase a property!

Welcome to Finance and Fury Looks like borrowing for property purchase is going to be easier. APRA is looking to make some changes to lending criteria enforced onto the banks. Today: Run through what these changes are Why they are occurring What the lending...

Why the Australian Share index is so reliant on just 5 companies and the risks that this brings

Welcome to Finance and Fury Today we are discussing the concentration risk Last week – how the modern banking system acts like dominos failing– Due to their liabilities and obligations to one another this week – look at the other side of the balance sheet – Which is...

Where to invest in a world where major asset classes are artificially propped up by monetary policy?

Welcome to Finance and Fury, the Say What Wednesday edition. Policies that governments and CBs have implemented that affect asset values Relates back to Ryan’s investment thesis - As a millennial I understand that the government has to do their best to keep the ageing...

The number of homes being put up for auction across Australia has plummeted as falling property prices and fewer cashed-up buyers shake the confidence of owners looking for the right time to sell

Episode 25 The number of homes being put up for auction across Australia has plummeted as falling property prices and fewer cashed-up buyers shake the confidence of owners looking for the right time to sell The decline of auction rates and confidence in the market...

Tax and Estonian e-Residency; Anyone can become an e-resident, create a company and operate it in the EU

Episode 15 Tax and Estonian e-Residency; Anyone can become an e-resident, create a company and operate it in the EU Welcome! This week we will be talking about Estonia, which sits right on the Russian border, just below Finland. Anyone can become an e-resident in...

Assets that will survive a financial correction

Welcome to Finance and Fury. Today’s we’ll be talking about what assets will survive a financial correction. The assets that that people still have confidence in. Confidence is key! In any asset, confidence is what is required.     Why is confidence important? If...

What factors will make property prices rise in Australia?

Welcome to Finance and Fury On the last episode – looked at signs property prices will be high Today – continue and look at based on these factors - Will property prices keep going up? First – recap of the Tell-tale characteristic to be able to tell if property prices...

Pin It on Pinterest

Share This