The Incompetent Investor

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Thursday, January 16, 2020

Chapter 21 - "Lessons From India"

January 16, 2020
Chapter 21 - "Lessons From India"

G’day all,

Hope you had a great New Year and you are ready to kick some goals for 2020. I’ve received quite a number of personal messages over the festive season in relation to the blog.

I really appreciate you all reaching out. It is nice to read that you are enjoying the blog. It gives me a little bit more motivation to hit the keyboard after a long week of work, kids, dogs, exercise, and other hobbies in between.

In this article I am going to share with you some updates on what has been going on in Darwin (very brief re my wife) and also how my trip went up in India. The post will contain important lessons relating to financial independence, self-care, gratitude and health.I will also add some random photos throughout as well which are not necessarily related to the topic being discussed. 


Sister's Henna (forgive me with the shoe in the bottom left lol!) 

India

My cousin on my mother’s side had an arranged marriage set up with a lovely girl in India. While India has been an important part of my upbringing in terms of culture and identify, I had never been to an Indian wedding given I was born and raised in Australia. As you could suspect, I was very excited.

With the lack of notice (given it was an arranged marriage and my cousin is based in Melbourne with limited leave) I had to book my tickets overseas relatively quick. Unfortunately, I’ve always had a bit of fear for flying. I would habitually envision being stranded in the middle of the ocean. As the known safety officer in the family I immediately considered all the risks I could potentially face!

You’ve got sharks, whales, sting rays, freezing water, massive waves and more. Strewth!

Turbulence also freaks me the heck out! In the end I had to settle with Sri Lankan Airlines. I’ve never flown with them before. I’ve always travelled with Singapore Airlines. Sri Lankan Airlines was the most cost effective and direct route. I did my standard googling on their reputation and how safe they were. Regardless of my findings, the tickets had been booked, and I was locked in.

All was well until I took my seat. I looked up and to me it appeared the plane was falling apart….


Ha ha. But to their credit, despite the ceiling looking like it was going to fall on my head, they did a great job. The customer service and food was wonderful.
   

Any of you been to Singapore airport? Man, it was sick! They had a cinema, pools, a gym, gardens, a food court, foot massages, and Krispy Kreme donuts.

Given I had a 10 hour stop over in Singapore I made good use of the electronic foot massages. I was a bit sickened with the thought of how many feet may have passed through the unit, but I just went for it. Not sure if it was a coincidence but I returned to Australia with tinea in between my toes.

I did witness a classic long-term play that could be replicated in the stock market. There was an older man, aged in 70’s (I think) who lay on the floor against a large pillar which was within close proximity of the reclining chairs. The fellow looked like he was full of wisdom based on his general expression and appearance.

These chairs were hot property! These were the only reclining chairs that I saw. They may have been more. But I counted 6. They were always occupied.

This fellow sat there for over 2 hours. Every so often he would get up and stretch out his back. He was adamant on getting himself a chair! And that he did, he sat patiently, like a long-term investor waiting for the perfect moment.

In the end, he got his opportunity. The moment one of the ladies moved, he bounced up like a 20-year-old athlete on steroids. His carry-on bags were practically off the ground as he flung them along with his body as he moved towards the chairs.

How about that? I was perplexed initially but I saw how patient this fellow was. He waited, and waited, and then he got his chance. Perhaps there are some lessons here within the investing world?

I finally reached India after a relatively easy stop over at Singapore. The moment I entered the bustling streets of Mumbai gratitude kicked in quickly.

5 People on a bike in Pune

The Air Quality was significantly worse than Darwin (mind you I believe some parts of the East Coast in Australia were recorded as some of the worst in the world with the fires) and the traffic was chaotic! I already knew the air quality and traffic was chaotic, but India will always have a special place for me. It does however remind me that we are incredibly lucky to be living in Australia!

I’ve been to India many times, however, with my old age, I felt a bit more attune towards how Indian’s differ to most Australian’s on average.

I picked up the following from speaking to many family members (perhaps over 100+). Not a huge sample size relative the overall population of India. Nevertheless, I believe it gives us some ideas on some of their habits and beliefs.

Key Learning

1) Food is never wasted. If food must be thrown out, it is given to animals on the streets.  



2) Possessions are valued. They regularly are cleaned and maintained them.


3) An 83-year-old grandfather who meditated 3 times a day and walked daily. He explained meditation as being in thoughtless awareness. In other words, in a world where are continuously worrying about bills, social media, employment, and much more, switching off is actually very beneficial for the mind and body. 

4) I did not encounter one person who complained about their jobs. Their jobs ranged from being a personal driver, taxi driver, cooks to running motels in Mahableshwar (a town within Maharashtra which is a state).
  

·       5)You should be the best you can be because it is extremely competitive in India. Like I mean extremely competitive!


The Most Important Lesson


To conclude this blog post I would like to share perhaps the most important lesson I learnt while I was on my trip. As I’ve mentioned a few times, my wife’s mother is quite unwell.

They both (husband and wife) worked in the Middle East for over 25 years. They worked tremendously hard. They had ruthless bosses who had the audacity to question personal leave so she could visit her first grandson (our now son).

They worked up to 3 jobs to support their children to attend good schools both in the UAE, India and Australia. The wife’s dad worked in the desert as an electrician. He is a tough guy. Battle hardened. His been in multiple accidents and somehow survived them. Ironically, he is in amazing health today.

Fast forward to their retirement, they were forced to leave the UAE as they were no longer working which meant they had to return to India. They were initially a bit reluctant returning to India after leaving the country many years ago for a better life. It happens quite often in India. Many people work in the Middle East, earn their money, and then return to India during retirement.

Anyhow, only a few years into their retirement, as my MIL went to sit in a rickshaw, the driver sped off which left my MIL needing a new hip replacement and a new knee. Since the hip and knee replacement, which was compounded by dialysis, her health has deteriorated significantly. It is really sad to see. She has basically been on a bed for almost a year. Her only opportunity to leave the house is to the hospital to have dialysis done. The FIL is basically my mothers 24/7 support worker. Given he is extremely loyal and loving, he does it. But you can see he is very tired.

Wedding Photos

What does this mean? Well, I think we all need to remember that tomorrow is not promised. Thus, I would argue the importance of living in the present and not being too fanatical about financial independence. Save more than you spend, but also learn to enjoy the present, go on a holiday every so often, and spend a little bit on yourself.

Go and buy good quality food if you can afford it. Invest in a gym membership. Get yourself a massage every so often. Jump onto iherb and invest in some good supplements that are good for the joints.

My FIL is aware I am quite connected to financial independence and he gave me two very simple scenarios which were:

-       Retire at 40 only to be broken at 45 due to neglecting your mental health and physical health due to overworking and spending little time on self-care?
-       Retire at 45 years old whilst having experienced a holiday every so often while investing in good foods, supplements, gym equipment and personal hobbies. In the end you will have a strong body and mind along with lots of memories to look back on.

Goa - Cousin stayed here for his honeymoon. 

For the record, I am not telling you to adjust your approach towards FIRE. I am simply suggesting that you shouldn’t be too hard on yourself. Also be careful about becoming too fanatical about the whole FIRE concept. Slow and steady. Enjoy life along the way and look after your body!

Punchgani - Hilltop Station

Darwin News

My wife is in the process of obtaining a new role which requires a security check. In the interim she had a temp role (which was just a bonus). She was released from the temp role on the day she got robbed. No joke. I was in India at the time.

We had to change the locks in the home and the car. To top if off, they threw out her drink bottle and coffee cup without any consultation. So bizarre, particularly for an organisation that works within the Community Services sector. Yet again, a prime example of why financial independence is important!


Peace!



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Monday, December 23, 2019

Chapter 20 - "Our 2019 Summary" $172,207 (+$348)

December 23, 2019
Chapter 20 - "Our 2019 Summary" $172,207 (+$348)
Our 2019 Summary


Firstly, for those that have been following our story I appreciate your messages, emails and comments on Reddit. As I have indicated many times, I do not blog to derive an income, but rather, I do it for as a bit of a hobby and personal dairy that my kids may be able to refer to when they become of age.  



I wrote my first blog post in August of 2018. Since then, I have managed to accumulate up to 20 posts. I thought it be useful to note down our progress for the 2019 year as well as some goals for 
2020.

2019 Family Snapshot 

Shares: $85,000 
Savings: $1,000 
Superannuation: $92,207 
Debt: $3000 

Total: $172,207 


Overall, an increase of approximately $93,980 over the year beginning from January 2019 (link to January blog post).This of course included finding some lost military super and including superannuation in the monthly updates. 

In respect to the share portfolio, in the last year, according to sharesight, the portfolio returned 19.64% or $14,867 (before inflation). It is most definitely the best year we have had since been involved in the stock market over the past decade (which consisted of mostly speculative gambling). 


2020 Family Goals
  • Build up a $10,000 family emergency fund (to support ourselves and family O/S in case of emergencies) 
  • $100,000 share portfolio. I've been told the first $100,000 is the hardest. Have a read of this article if it interests you here
  • Pay debt out to 0 
  • Partner obtaining some part time/full time employment (NT economy struggling hard at the moment in my opinion)
  • Attempt to build some alternative income streams (will update you all on this as it progresses)
  • Improve mental health and chronic pain in collaboration with psychiatrists and psychologists. 



Alright, that is us for the 2019 year. Hope you all achieved some of your goals and targets. It is important to remember that our health is the most important asset of all! In other words, live in the present too and enjoy life a little! 


Peace from our family to yours. Have a safe Christmas and sick New Year! 





Disclaimer: I have an extremely poor track record with picking individual shares. I also do not have the ability to digest complex financial reports to make informed decisions around buying into individual shares. Also, the information on this website is general information and should not be taken as financial advise. I am simply documenting my journey and experience. I am also not a licensed Financial Adviser. You should also seek independent legal, financial, taxation and other advise that relates to your unique circumstances. The Incompetent Investor is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website.






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Sunday, December 8, 2019

Chapter 19 - "Should You Pursue Further Education?"

December 08, 2019
Chapter 19 - "Should You Pursue Further Education?"

This is a question that I think I can answer quite satisfactorily from personal experience. Before I do that, I would like to point out that doing a trade, other industries or becoming an entrepreneur can be a great life decision. Particularly in a place like Australia.

I know many individuals who have started their own business and have a great work/life balance. This entry assumes you are not necessarily a tradie given the trades/entrepreneurial life is not for everybody.

When I was a young fella, my best mate’s dad owned a pool business down in Melbourne. It is a vivid memory for me because I can remember falling apart as we dug a large hole in 35-degree heat out in the outer suburbs of Melbourne with the UV blaring (ironic that I moved to Darwin :D). As a hypochondriac, I remember applying sunscreen on every hour in fear of the extreme UV levels. I was spending more time applying sunscreen that I was digging I reckon.

Me and my mate to this day did not follow through with the tradie pathway. He went onto to run his own Accounting firm in Melbourne and Sri Lanka and I ended up working in the Caring sector.
Anyway, what I am trying to say is, doing a trade, or becoming the next entrepreneur is not for everybody. What is an alternative pathway? I would argue further education.



  
I am pulling some life experiences to illustrate how education played an important part in improving my family’s quality of life.  When I was medically discharged from the Army, I came out as a Rifleman. In the real world, I had no idea what I was going to do. I initially wanted to join the police. But why would the police accept somebody who was ‘broken’ in the literal sense both physically and emotionally at the time?

Fast forward a few years of rehab and staying at home, I ended up watching a film called “The Intouchables”.  It really inspired me to work in the Caring Sector. And so I went ahead and did a Certificate IV in Disability at Victoria University so I could become a support worker.



“After he becomes a quadriplegic from a paragliding accident, an aristocrat hires a young man from the projects to be his caregiver”

I loved the work. I would often go to the movies with clients and spend time with them around hobbies that interested them. This included playing yu-gi-oh, playing computer games, watching Star Wars and more. I particularly loved the families I worked with too!

While the positive experiences outweighed the negatives, being completely transparent here, the rumination you received for working a role that required such a high level of patience and emotional intelligence was not in balance in my opinion. For example, at no fault of the client, in some instances you had to deal with some really challenging situations and behaviours that left you exhausted at the end of the shift.

In the end, I could not envision myself fulfilling this role for the next 25 years. I have so much respect for Support Workers who are able to do that. In fact, I honestly believe Support Workers (and childcare workers for that matter) should have their pay increased. Support Workers work with our children, fathers and mothers, uncles, aunties, grandmothers and so on. You may find yourself needing a support worker one day and if we want the best workers to stick around, we need to respect their profession/skills.
  
Anyways, with the cost of living increasing and house price exploding upwards, I made the conscious decision to peruse further study.



Out of all the qualifications, I picked a Bachelor of Arts through Murdoch University. Yep, fully acknowledge there were better qualifications out there that lead to employment outcomes at the time. But I was so far in I decided to just complete it.

According to Natasha Robinson (ABC,2019), the bottom five areas of study were creative arts, tourism, communications, humanities and psychology. While this may true in respect to the raw numbers, I personally believe if you are passionate about something, then good things will come your way.


An Arts degree for me was enough to get my foot in the door in my industry of choice. It also provided a steppingstone to go onto post-graduate studies (Social Work)

Since moving into a ‘professional’ role I can confidently say my work/life balance has improved. My earning ability has improved. My mental health has improved (relative to the past). My confidence has improved. I remember working in a call centre environment and I was quite literally working from 8:30am until 5:00pm (with the exception of lunch). 

The phones were relentless. I had to put in time allocations towards taking a piss or a poo. In my new role, having the freedom to go to the toilet without being monitored is a luxury that I do not take for granted. I found the image below quite interesting too.
  


Coming from an Indian cultural background myself, I can understand why education is pushed so hard onto children. In India, life can be really challenging without a ‘skill’ or qualification. Also, consider the competition. Approximately 1.3 Billion live in India compared to approximately 25 million here in Australia. In India, you HAVE to be the best you can be given there will be hundreds if not thousands of applicants applying for the same role you intend on applying for.


Disclaimer: I acknowledge there will be heaps of people who are happy doing tough jobs in India, but if they had the opportunity to get an education, I am sure they would have loved the opportunity. Unfortunately, throughout the world, we are not all born with the same opportunities. This is the case in Australia too.


Moving back to an Australian context I can honestly say education has most definitely improved my quality of life. Living with chronic pain can be challenging in that being functional 24/7 is not always realistic. 


Fortunately, I was able to negotiate working 4 days a week and still earn a fantastic income (which I am truly grateful for every day) that allows me to look after my family, keep up with my sons extra curriculum, send money overseas for family, invest a bit after our expenses, participate in hobbies, travel and look after our health (massage, supplements and so son).

If I can pass on one technique that may help you, I would suggest you do the following:

  • When you have a REALLY tough job, try reminding yourself that you are still lucky to have a job! People O/S would no doubt love to have your job.
  • Remind yourself that your current role, while difficult, is only temporary!
  • On your front door, before you leave the house, write down the things you are grateful for. For instance, you are happy to be walking, breathing, and talking. Or, you might be grateful to have a beautiful family. You get the idea!
  • Finally, should you study, studying part time is the best way to avoid burn out. Slow and steady wins the race!

In summary, I will always encourage others to attempt further study if they are able. I honestly believe it can make a big difference in your life and you will be thankful for it in the long run. Studying later in life can also be a blessing in disguise. You may have the resilience, discipline and life skills that will allow you to get it done.

For some context, for those who are not ‘academic’, I got a 32 Enter in Year 12 (which is basically a fail). I failed a Bachelor’s in Financial Planning twice. I failed my attempt at studying an undergraduate in Social Work. I also failed a Diploma in Human Resources. I was your perfect example of the worst student who was incapable of learning at the time.

Despite the above, I had this self-realisation that if I wanted to improve my situation, I had to make some changes in my life.

Again, studying is not for everybody, but if you feel you have it within you, I certainly encourage you to consider it no matter your age.


 Photo: Katherine Hot Springs - it was amazing!! 












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Tuesday, November 19, 2019

Chapter 18 - "Portfolio Update - Yet another example of the importance of FI" $171,859 (+$8,845)

November 19, 2019
Chapter 18 - "Portfolio Update - Yet another example of the importance of FI" $171,859 (+$8,845)
G’day everybody,

It is stinking hot in Darwin at the moment. Check out these guys at home....



Remember, nothing on this blog should be taken as personal financial advice.  General thoughts and information only.  As always, do your own research before making investment decisions that can impact your life considerably. 


It has been some months since I’ve last posted. Hope everybody is doing well and I look forward to posting as often as I can.

In regards to the investments, I have not made much contributions other than QVE and a little bit of VAS. Some dividends and a juicy tax return came in too which was nice. 

Nothing has really changed other than those two additions. The vehicle loan is essentially paid off. We left a small amount outstanding to avoid early payment fees. The loan was structured in that way when we were frantically trying to get credit before leaving to Darwin from Melbourne. If you are new, check out this post for more details regarding the Melbourne to Darwin relocation.

On other news, I am pleased to report that I recently was promoted to a new role where I will manage up to 3 staff. I’ve opted to work 4 days a week over 5 days a week for work/life/health balance. Got a great boss who was understanding on this front. Having that one day off is more important to me than any amount of money. It makes a massive difference on one’s mental health in my opinion. My weekend essentially begins on the Thursday night as opposed to Friday night. I don’t think I will ever return to full time work (if I can help it).

This particular role won’t start until Jan 2020, therefore, we are living week to week at the moment. Compounding to the challenges is my wife was let go from her work after returning from her trip to Melbourne visiting her brother.

Unfortunately, she learnt from her close colleagues that the practice manager was furious that my wife declined to come into work after she finished an exam (going back a few weeks now). She was convinced my wife verbally accepted to come in that afternoon. I was not surprised when I asked my wife if they had this agreement in writing. In addition to this, the following day, admittedly my wife made a mistake on her flights and she left one day earlier than anticipated. She was rostered on this particular day. My wife was faced with a difficult situation. My wife either had to miss her shift or basically not go to Melbourne. Obviously my wife apologised however the practice manager wasn’t impressed and ‘apparently’ requested her daughter to come in on the day to cover the shift. It was alleged, again, through colleagues, that her daughter also had an exam. Anyway, to cut a long story short, they were furious, and they let her go as a result.

To this day, the practice manager (co-owner of the clinic) has yet to officially inform my wife she has been released. The practice manager has asked colleagues to approach my wife to request for the key and uniform to be returned. My wife declined and said she will go into the practice herself and speak to the practice manager directly as opposed to having conversations through third parties. Unfortunately this is the nature of being a casual. It can be quite difficult to advocate for yourself.

Perhaps this is another classic example of the importance of being financially independent. While I accept my opinion is somewhat biased (obviously given my loyalty is with my wife), the clinic are terribly ruthless in my view. The owners, in my opinion, are extremely self-centred, and the front line staff (receptionists) are really just collateral damage.

In recent years we have learnt that the challenges with admin roles is you are easily replaced, thus the importance of getting a useful qualification is quite important. If you are reading this, I honestly believe an education is really important for job security. Many people lead great lives without education. However, in our view, getting an education can truly provide you job security (depending on what qualifications you peruse).

In relation to the recent job loss, the wife’s confidence was knocked up a bit. Luckily, my current boss, was more than happy to provide a reference for my wife as she has volunteered in various programs we ran on weekends throughout the year.

So to summarise, at the moment, I am working part time (until my new role kicks in) 2 days per week (which will conclude on the 12th of December 2019), and my wife is unemployed. As you can suspect, currently, we are eating a fair bit of vegetables and rice. I once read that the poor diet is in fact the healthiest diet (excluding that diet of western countries where we often see low socio economic areas gravitating towards fast foods which is unfortunate).

To add more complexity to our current financial situation, my cousin is getting an arranged marriage in India, during the peak season (December into January 2020). This all happened rather fast and unexpectedly. The family want my son to join me. I am pretty much obligated to go for a few reasons. Firstly, for cultural reasons, and secondly, I am really close to my cousin. We don’t talk a lot, but we have always enjoyed each other’s company. It is difficult to explain, but enjoying each other’s presence has always been more important than having the need to ‘talk’ all the time. There is peaceful silence, and then there is awkward silence. You all know what I mean.

Anyway, while we are definitely not well positioned for this trip (with the wife losing her job and my new role not starting until Jan 2020), it has to be done. Father Phil offered $600 towards the trip for my son given his the star of the family. That was greatly appreciated.

Aside from that, my brother in law gifted my son a Warhammer set which has morphed into a new hobby. Myself, my wife, and my son are all getting into painting and the game itself. It is actually quite a lot of fun. Below are a couple of pictures of some miniatures my wife and son painted.


  
I have also encouraged my wife to come along to some volunteer work I do on Saturday nights. It is centred around basketball and young youth. My son has joined in too. It has been an amazing cultural experience for him. They are all amazing kids and I get so much out of volunteering. I encourage you all to try volunteer where you can. It brings you a lot of happiness in my opinion.


Wishing you all a great Christmas and will touch base with you all in early 2020!! Let us smash 2020 together!!!!!!!!!!!

Peace!




Disclaimer: I have an extremely poor track record with picking individual shares. I also do not have the ability to digest complex financial reports to make informed decisions around buying into individual shares. Also, the information on this website is general information and should not be taken as financial advise. I am simply documenting my journey and experience. I am also not a licensed Financial Adviser. You should also seek independent legal, financial, taxation and other advise that relates to your unique circumstances. The Incompetent Investor is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website. 
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Tuesday, August 27, 2019

Chapter 17 - "Portfolio Update - Jumping Crocodiles" $163,014 (+3,274)

August 27, 2019
Chapter 17 - "Portfolio Update - Jumping Crocodiles" $163,014 (+3,274)

G'day, How is everybody doing? I have a ripper entry for you this month with some sweet photos, and some personal wins, which I am glad to share.


Life Updates 

In regards to our housing situation, we are moving from our current suburb ($2500 per month) to a larger home, with more land at $1800 per month. We always intended living in our current rental to ensure our son qualified for the zoning requirements for the school he now attends. It was ranked amongst the top three public schools here in the Northern Territory. Surprisingly, his literacy levels advanced very fast relative to the local Melbourne school he attended. Not sure if that is based solely on, the teacher to student ratio, but it has seemed to have a positive effect.



I am going to make a bigger attempt to share photos of the NT with you, as I believe this will give you a more worthwhile experience as opposed to simply reading net worth updates. In truth, I find it a bit self-centred just posting your ‘stats’ (with the exceptional of the more in-depth bloggers who provide reviews, market commentary and so on). The NT is also a beautiful place. I reckon it is the best-kept secret of Australia. If you come to Darwin, you have to go the boat cruise referred to as ‘jumping crocodiles’ in Adelaide River. It was an amazing experience. Highly recommend you check it out if you ever get up to the top end.
   


Back to the point of the purpose of this blog, I do not write this blog to seek validation or attention, or make an income from it, but rather, this blog really is just a case study at its core. We often read of many 30 year old’s already at $500,000, or 1,000,000, and it can often be a little bit discouraging at times. With that in mind, it can be very destructive to your quality of life if you continually compare yourself to others. 

Sure, in the name of the competitive spirit, it is natural to some degree, but it can become dangerous if you become fanatical about it. You will end miserable. Try not to do it. The only reason I decided to share my numbers is to show that people around Australia, like myself, can get to a better place financially. I would like to think of this blog as a longitudinal study. Best way to demonstrate the purpose of these blog posts.

I do not claim to make good financial decisions – even today. For better or worse, let us see what happens.



On a more positive note, I recently was successful for a 2-year contract, with a pay increase, with management duties. Talk about being grateful. I recall reading recently on Pete Wargent’s blog that the NT was in a recession (do not quote me on this).What I will say is there are definitely many shops closing down in the Darwin region. In addition, there are plenty of vacant properties. For this very reason, I am very happy to have employment for at least the next 2 years.

By then, hopefully, the Australian economy has picked up and we have gotten through any market challenges locally and abroad. Further to this, the good news is I can continue investing once our debt is paid off. On the topic of debt, I am going to hold off paying it out this month (despite having the funds) as we need to get the current properly cleaned, fumigated, and some second hand furniture/appliances once we move into the new home. I will also need to wait for our bond to be returned for our current property ($2500).

Something I have noticed up in Darwin is the private second hand market is pretty hit and miss. A lot of the time, you would be better off buying things new from some of the bigger retailers. What I am trying to say is, some of the sellers are dreaming.

The wife is continuing to work at a medical clinic as a receptionist. Ruthless working culture down there. At the end of the day, she is pushing through it as she gets along really well with the girls she works with. It is also a 5-minute walk from our new home. She works part time (25-30 hours a week). 

The boss, or otherwise known as the practice owner, and a practicing GP at the clinic, manhandled her chair recently, and pushed her back into position (if you can visualise that), as he believed the wife was not doing any work (3-second sample size as he returned to the front desk). This would not phase me coming from an Army background, but the context is everything. In her line of work, it seemed a bit full on to be honest.

 Unsurprisingly, the turnover is extremely high, and these types of events are not uncommon towards other staff. This is the very reason why financial independence is so important. Had we been financial independent, she could simply walk away and leave a cucumber with some turmeric on his desk as a parting gift. Thankfully, my wife has the resilience of a warrior, so she will stick it out a bit longer and play it by ear.

Finally, the wife wants to buy some chickens that lay eggs. Our house often feels like a zoo and I have offered to run tours for family and friends who love animals. Between fostering, our own dogs, looking after client’s dogs, a cat, and potentially chickens, it certainly feels like a zoo at times. I love animals, but there is nothing worse than coming home after a long day of work to a mountain of shit on the floor. 

Our dogs have relatively good bladder/bowel control, but in rare occasions, shit deposits do happen, and they aint pretty. I know what you are thinking, why not leave them outside? Well, I have heard some horror stories of dogs being nabbed for dog fighting and all sorts of crazy stuff like that. We feel more comfortable keeping them indoors while we are out at work.

Alright, the bloody numbers. What we have all been waiting for I guess? Nothing exciting to report as not much has changed other than portfolio going down a fair bit with the recent market volatility. 

The Numbers



Cash: $5000 

Shares: $78,484 

Superannuation: $83,830 (in cash for the moment) 

Debt: $4300 (Vehicle & Father Phil) 


Disclaimer: The information on this website is general information and should not be taken as financial advise. I am simply documenting my journey and experience. I am also not a licensed Financial Adviser. You should always seek independent legal, financial, taxation and other advise that relates to your unique circumstances. The Incompetent Investor is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website.


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