Getting Started

There’s more to personality than a test score

By Luke Smillie, University of Melbourne Have you ever completed a personality test and felt dissatisfied with your scores? Maybe you’ve quibbled with the low score you received on extroversion – a personality trait reflecting outgoing and gregarious behaviour. Well, fine, you’re not a party animal, but when you are out with your friends you…

Money or happiness?

I know a rich man who buys properties. He decorates them, fills them with consumer goods and then leaves them unattended for most of the year. On a rare visit, he surveys the house from the outside, circling it with hands clasped behind his back. But without the skills of introspection, not knowing how to…

Working against the clock

By New Philosopher The office man runs his ‘security pass’ through the turnstiles of the corporate building and clocks on for the day; his presence is recorded at 8.24am on a Monday. At 9.43am, he exits the building to grab a coffee, passing through the turnstiles again, swiping his security pass across the sensor and…

Introvert or extrovert, normal or abnormal: the problem with personality types

By Nick Haslam, University of Melbourne The idea that people can be classified into types has a long history. Writing 23 centuries ago, the Greek philosopher Theophrastus sketched 30 characters that are instantly recognisable to this day. They include the chatterbox, the back-biter, the ungrateful grumbler, the penny-pincher and the patron of rascals. This ancient…

The B20 summit: where cashed-up lobbyists meet to write trade rules

By Remy Davison, Monash University The Business 20 (B20) summit typically attracts the global corporate glitterati, as the usual suspects assemble in alpine retreats like Davos; cinema-infused beach towns like Cannes; or sunny Mexican resorts, such as Los Cabos. Except this year. The G20 will meet in Brisbane. Yes, Brisbane. It’s no surprise, then, that…

‘Thrill investments’: excitement with high risk

By Wealth Foundations It’s a reasonably regular occurrence for our clients to be offered the chance to participate in “fantastic”, once-off, investment opportunities, that offer large potential upside, by people they know and trust. And most of these people are genuine in their belief that they are doing our clients a favour. When we are…

You can’t have your cake and eat it

The more you save of your income early in a career the less you will need to save later. This advice incorporates both taking advantage of the benefit of compounding (i.e. accumulating) returns over long periods and the desirability of smoothing lifetime spending. The concept of financial independence (i.e. being able to support a desired…

The Best Way To Protect Your Portfolio From Losses

Since the GFC there’s been a lot of talk about ways to protect investment portfolios from the types of falls experienced in late 2008. There are two ways to overcome this risk: portfolio diversification or portfolio insurance (or hedging). We’ve compared the two in this article. Portfolio diversification involves the practice of combining investments with…

National economy grows but some non-mining states in recession

By Sunanda Creagh, The Conversation The Australian economy grew 0.6% last quarter but Victoria, South Australia, Tasmania and the ACT are now technically in recession, according to new Australian Bureau of Statistics data. The new figures illustrate the extent to which the mining states like Western Australia and the Northern Territory are racing ahead while…

Explainer: what are safe haven investments?

By Richard Heaney, University of Western Australia Safe haven investments are investments that provide a low level of risk during periods of extreme economic uncertainty. The problem is that a safe haven investment is a safe haven investment until it is no longer a safe haven investment. There are a number of assets that are…