Excerpt from Get Rich Slow. This is the final week in which we are running excerpts from Mary Holm’s bestselling book, “Get Rich Slow: How to grow your wealth the safe and savvy way.” Mary’s regular Q&A column will resume next week.
Australia is not good enough to get the spread. It’s a basic principle of wise investing: Spread your share investments around the world, to spread your risk. But proposed tax changes will increase taxes on overseas share investments beyond Australia. So should we stick with Australasia?
When you want to stay but the company goes. The best laid plans of investors often go awry (to paraphrase and Anglicise Robert Burns). A reader has made “an amused comment” about my recent statement that we should always buy shares with the intention of holding them for at least 10 years.