This episode begins with Joel, Louis and Brett discussing the recently leaked information regarding Victoria’s latest lockdown extension. They delve into real statistics from government and medical authorities that question the legitimacy of a prolonged lockdown. Joel brings with him the reasoning behind the significant pullback in the stock market and how it will affect the performance of your portfolio. Brett brings with him the August property update and Louis finishes the podcast with an on how time and money affect your ability to move up the wealth ladder.
This Week’s Investor Exchange Round Table Covered:
- Stock Market Update: The Major Indexes such as the NASDAQ and S&P 500 have had a significant drop overnight following the previous warning signs. Joel informs us a possible short-term pullback in NASDAQ, however, growth can be expected in the medium to longer term.
- Property Market: Interestingly, both the residential property market value and the dwelling value have dropped in the capital cities in the previous month. However, the overall residential market is still up nearly 6% in the past 12 months.
- Time or Money: Louis talks us through the 80/20 theory to help us to manage time and money effectively, resulting in big financial results using relatively small amounts of time.
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