You have no doubt heard of the 0Baby Boomers0, those individuals born between 1943 and 1963. Following World War II, Australia0s population grew at record levels. Australia was not alone in this phenomenon. The United States, New Zealand and Canada all experienced Baby Booms at a similar time.
The Baby Boomers are an important phenomenon to understand. They have had dramatic effects on society and will substantially impact the way the stock market performs over the next 20 years. For this reason, it is important to understand some of the background on this interesting group of people.
As mentioned, the Baby Boom was experienced in various countries around the world. Part of the reason for the 0Boom0 was that these countries were immigrant receivers and immigrants tend to be in their 200s, the prime childbearing years. At its peak in 1957, the US boom hit 3.7 children per family. Canada hit its peak in 1959 with Canadian women averaging 4 offspring each; that was over 479,000 new births that year alone! Australia0s boom was not quite as big as the Canadian or US booms; however, we still have a disproportionate number of people who are today in their 400s and 500s. Following […]
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Learning how to manage and build your own investment portfolio is quickly becoming one of the most popular topics on everyone0s lips. Self managed superannuation, share trading, derivatives, all topics once spoken by only the financial elite are now common subjects at dinner parties and Friday night drinks.
This interest in financial planning has been fueled by a rapidly aging population who have realized that their lifestyles will be substantially compromised if they do not become much more financially literate and responsible.
In addition, the introduction of the Internet, financial seminars and software have all empowered the Arm Chair Investor to manage their own money. However, many of these home based investors have had little or even no formal training in funds management. Now, while it is not a pre-requisite to have a degree in order to profit from various investments, it is imperative that investors understand the basics, have a clearly defined investment strategy, realistic goals and appropriate asset diversification.
Now while we all have clear financial goals 0 to make more money 0 many do not appreciate the importance of sound asset allocation, or diversification. Many people have made the mistake of putting all their capital into only one investment. Diversification […]
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What makes some people love being where they are and want to stay there while others want to see what else there is? Clearly, curiosity must play a role. Beyond that, experience must reinforce curiosity by providing rewards. Like many adventuresome Australians, Bob Kudyba was born with the necessary curiosity and life has kindly rewarded him for acting to satisfy his curiosity.
From quite a young age, Bob Kudyba wanted to know more about the world beyond Melbourne, Australia — the area where he was born, raised, and educated. After high school graduation, Mr. Kudyba looked forward to beginning his first job as a sales assistant for Australian Consolidated Industries. Unfortunately, that work wasn’t to his liking, and Mr. Kudyba joined the Australian Army instead. In that service he worked hard for twenty years and retired with the rank of Warrant Officer after being awarded the Medal of the Order of Australia.
His army experience gave him a chance to sample learning beyond the horizon when he was posted abroad to work with the United Nations Mine Clearance Training Team in Pakistan and later to work in the Solomon Islands. Mr. Kudyba also enjoyed meeting people from all walks of life. […]
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