Updated August 2020
So much information and so much B.S. online from money and lifestyle ‘experts’. Have you wasted your precious time and money researching and subscribing to financial information, education and products? From so called experts, that neither ‘fit’ with you nor deliver?
Australian governments strictly regulate financial planners and advisers giving individualised advice. That doesn’t mean our success is guaranteed, but at least they’ve got our backs to some extent. But with the rest, we’re left largely to our own devices. No remedy unless someone gives “investment advice”, or broken contractual or other consumer protection laws eg false, misleading, deceptive conduct and advertising. Often we have to rely on industry, peer or client reviews and testimonials – often not transparent or manipulated.
So far in the Challenge we’ve looked at:
- where you are financially
- financial planning
- setting some goals (how’s your bucket list going?)
- common types of investments and strategies
- your options for getting advice
- how to choose licensed financial advisers
Well done you if you’ve done your reading and are now clearer on your next investing step.
If not, or you’ve just joined us, a bit of speed reading and reflection – you’ll catch up.
Who are the experts?
Like all professions and industries, finance and investing have their specialists, experts and ‘go to’ people. And there are thousands (if not millions) of ‘experts’, self – made millionaires (there’s even a ‘thrillionaire’!), mentors, coaches, and gurus – in wealth creation, business, share and property investing and more.
Do your research – they say!?
How and where do you find your investing ‘go to’ person, expert or area of investing? Your bookshelf or hard drive (now cloud!) might already be overflowing with research on numerous authors on numerous financial, business and investing topics – but why haven’t you done any investing (or read and applied them all)?!
Professional help or do it yourself investing?
If you have, or want to use, a registered financial planner you know from Day 10 how to choose one, research – done! Just go see them.
But whether or not you use a financial planner, want do it yourself, or are still trying to work out where to start, here’s some help finding what’s available to you:
Links and details in the Big Directory: Resources and Giveaways
- Media – TV/Internet/Newspapers
- Books/ Magazines – Educated Investor, Mag Shop and Major Street Publishing – sell thousands!
- E-books/reports/blueprints/newsletters/ updates/subscriptions/memberships /podcasts and webinars
Remember – you don’t get nothing for nothing! Every time you enter your personal details your data is used in some way (whether it’s Facebook, or any other site). Mostly your email address is used so that campaigns and often advertising can be sent to you.
A very popular way of doing this is to (Hari Krishna/marketing 101 style) give you a FREE PRODUCT (eg BiG’s Free Life Planner!).
Often you’ll get something worthwhile, sometimes not.
Either way, you’re sure to get a full inbox.
- Websites (there are millions! Check out Analysts and Commentators and the Gurus in each BiGBook)
- Blogs (there are millions! Check out Analysts and Commentators and the Gurus in each BiGBook)
Here’s one to get you started: MacroBusinessSuperblog “Is Australia’s leading business and investment blog. Its mission is to bridge the gulf between the Australian business media and reality.”
Surely that’s plenty to give you some investing ideas?
Now you’re all ready for tomorrow when we look at the less regulated investing advisers, analysts, commentators and gurus.
Day 12 “How to choose a financial adviser and advice you can trust. It’s all about the faith! Part 4 Less Regulated Advisers – Analysts, Commentators and Gurus”
I’d be delighted if you find BiG and my work helpful, and share it with friends, family and others interested in investing.
All the very best with yours.