By Core Private Wealth
Unfortunately building wealth is not very exciting….
When is the best time to invest? Stop trying to guess!
Sometimes it can be hard to see the wood form the trees….
Availability bias, refers to how people tend to heavily weight their decisions toward more recent information, making any new opinion biased toward that latest news.If you were asked about the worlds best performing large companies, very few people would even comment on Domino’s, instead because we all regularly consume Amazon, Apple, Facebook and Google, we tend to weight its importance.
Its easy to miss opportunities when you are focused on the most available shiny thing.
$63 Trillion of World Debt in One Visualisation – The United nations of Debt
“If you add up all the money that national governments have borrowed, it tallies to a hefty $63 trillion.
In an ideal situation, governments are just borrowing this money to cover short-term budget deficits or to finance mission critical projects. However, around the globe, countries have taken to the idea of running constant deficits as the normal course of business, and too much accumulation of debt is not healthy for countries or the global economy as a whole.”
Real Estate Bubbles – 8 Global Cities at Risk
” If you had $1 billion to spend on safe real estate assets, where would you look to buy?
For many funds, financial institutions, and wealthy individuals, the perception is that the world’s financial centers are the places to be. After all, world-class cities like New York, London, and Hong Kong will never go out of style, and their extremely robust and high-density city centers limit the supply of quality assets to buy.
But what happens when too many people pile into a “safe” asset?
According to UBS, certain cities have seen prices rise at rates that are potentially not sustainable – and eight of these financial centers are at risk of having real estate bubbles that could eventually deflate.”