Peter FitzSimons leads a comfortable life, but 20 years ago there was a house he just had to buy. The problem? He was $100,000 short, and about to learn a very big lesson.
behaviour
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Many investors attempt to buy yesterday's returns by looking at the best-performing sectors or stocks, but this is the opposite of what they should be doing.
Once you've spent money on something, you feel pressure to stay the course even when it's not working out. Why? It's a little thing called the sunk cost fallacy.
Competing with professional traders is like to taking a production car to the track and racing against Formula 1 drivers. You're going to lose.
Instagram feeds of perfectly-styled rooms and expensive renovations are putting pressure on homeowners to keep up with the Joneses - or this season's contestants on The Block.
It's not gambling. Money is time. Superannuation is real. These are some of the lessons you learn when you leave your job to become a day trader.
From living in New York and splurging on high-end fashion to becoming a KonMari consultant with a heart for sustainability, Sally Flower has been transformed.
We're told to invest in well-managed companies but how can you tell that from the outside? Start by looking for companies led by their founder.
If you want to start buying shares but aren't sure where to start, here's a beginner's guide, including choosing a platform, picking shares, and the importance of patience.
Struggling to ditch a bad habit? Feeling overwhelmed by anxiety about money? These apps could help you get your budget back on track.
