Would you put all your eggs in one basket?

[JohnDe]

I have followed two old sayings from a very young age; "land, they're not making it anymore" and “don’t put all your eggs in one basket”.

I have several baskets. A couple for different share portfolios, which have done quite well. Another for property, this has been outstanding. A basket for my business, which has had some tough times but has been good for us. And a couple of baskets for risk taking.

Property and owning a business have been my best investments. However, like everything, timing is key. I entered the property market at a very low level, struggling with rental income and mortgage payments but I hung on and reaped massive gains with further risk by developing the property.

Owning a business was another risk, struggling and stressed through the process of building a client base, we came through with a stable and reliable income.

Which leads me to another old saying "Nothing worth having comes easy".

 

[farmerge]

I have followed two old sayings from a very young age; "land, they're not making it anymore" and “don’t put all your eggs in one basket”.

I have several baskets. A couple for different share portfolios, which have done quite well. Another for property, this has been outstanding. A basket for my business, which has had some tough times but has been good for us. And a couple of baskets for risk taking.

Property and owning a business have been my best investments. However, like everything, timing is key. I entered the property market at a very low level, struggling with rental income and mortgage payments but I hung on and reaped massive gains with further risk by developing the property.

Owning a business was another risk, struggling and stressed through the process of building a client base, we came through with a stable and reliable income.

Which leads me to another old saying "Nothing worth having comes easy".

@JohnDe Exactly

 

[divs4ever]

Which leads me to another old saying "Nothing worth having comes easy".

i disagree there , but the hard yards is the way to start out , the easy bits may or may-not come later (don't count on them , but don't waste them either )

 

[JohnDe]

i disagree there , but the hard yards is the way to start out , the easy bits may or may-not come later (don't count on them , but don't waste them either )

"Nothing worth having comes easy".

I suppose it depends on the individuals understanding or experience of the phrase. For me it basically means that achieving something valuable typically requires hard work, dedication, and perseverance, and it is often attributed to Theodore Roosevelt, who actually said, "Nothing in this world is worth having or worth doing unless it means effort, pain, difficulty". The common paraphrase emphasizes that significant goals demand significant effort and a willingness to overcome challenges, which I and some of my family members have experienced.

 

[farmerge]

"Nothing worth having comes easy".

I suppose it depends on the individuals understanding or experience of the phrase. For me it basically means that achieving something valuable typically requires hard work, dedication, and perseverance, and it is often attributed to Theodore Roosevelt, who actually said, "Nothing in this world is worth having or worth doing unless it means effort, pain, difficulty". The common paraphrase emphasizes that significant goals demand significant effort and a willingness to overcome challenges, which I and some of my family members have experienced.

Similar to the "Free Lunch" easy come but not earnt and therefore not really worth anything.
Hard yards and graft are worth everything in success, rather than having it all handed on a plate.

 

[frugal.rock]

"Why Diversification Is Failing in the Age of Passive Investing"

Why Diversification Is Failing in the Age of Passive Investing | Investing.com AU

Market Analysis by covering: S&P 500, Microsoft Corporation, Apple Inc, NVIDIA Corporation. Read 's Market Analysis on Investing.com AU.

au.investing.com

 

[frugal.rock]

View attachment 207844
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and, frozen since February 2024

Macquarie says investors will receive back 100 per cent of the money they put into Shield by the end of this month.

The corporate regulator also accepted a court-enforceable undertaking from Macquarie Investment Management to ensure it pays members 100 per cent of the amounts they originally invested in Shield, less any amounts withdrawn.

The investment banking giant said in a statement that affected investors will receive the funds before the end of this month.

Macquarie coughs up $321 million payout after superannuation failures

Macquarie commits to repaying thousands of Australians who invested hundreds of millions of their retirement savings in the collapsed Shield Master Fund amid admissions it contravened the Corporations Act.

www.abc.net.au

 

[Dona Ferentes]

reputational damage... priceless

 

[farmerge]

reputational damage... priceless

Nothing like bad publicity to make a quick change, and the peasants can now sleep a little easier tonight, unlike the top brass who are now looking at a bottom line less $321m less.