money money money

751 success vs. luck, DHHF or GHHF, debt recycling, shiny objects + SMSFs

6 snips
Dec 16, 2024
John Cachia, recognized as Advisor of the Year from Thriving Wealth, and Deline Jacovides, Inspire Women’s Advisor of the Year from Mazi Wealth, dive into the interplay between luck and strategy in financial success. They discuss the risks of geared ETFs and why chasing shiny objects rarely leads to success. Deline and John also explore debt recycling and whether self-managed super funds really are the best choice, emphasizing the need for personalized financial advice and careful investment strategies.
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ADVICE

Caution with Online Advice

  • Approach online financial advice with caution, especially anything promising quick solutions.
  • Analyze your situation and how strategies apply to you, avoiding blind faith in online opinions.
ADVICE

Luck vs. Skill

  • Recognize that luck often plays a role in financial success.
  • Avoid blindly copying others' strategies, as their success may not be replicable.
INSIGHT

Geared ETFs Explained

  • Geared ETFs, like GHHF, are a popular online topic.
  • These ETFs use borrowed money to amplify exposure to underlying assets.
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