Behind every successful man is his woman. Behind the fall of a successful man is usually another woman.
The concept of saving and investing is very weak in our modern society as most of us are ardent consumerists who are trained to spend from earliest childhood. The goal of this website is to promote financial literacy that would lead to greater financial understanding, confidence, motivation to save and invest.
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About Finance Guru

Finance Guru has been a member since February 11th 2011, and has created 631 posts from scratch.

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Amazon: Smarter, Faster and Here NOW

Amazon: Smarter, Faster and Here NOW

You only have to look at the power of artificial intelligence to see why Amazon is such a ferocious competitor. There is now a clear trend in ecommerce for personalised pricing.
The post Amazon: Smarter, Faster and Here NOW appeared first on Daily Reckoning Australia.

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German POW Camp Reveals Power of Bitcoin

What if bitcoin is replaced as the pre-eminent crypto by, say, ether, or litecoin, or any of the other hundreds of cryptos? Each crypto may be homogenous in and of itself, but the crypto universe is extremely heterogeneous. Let’s now turn to the three classic characteristics of money: a unit of account, a medium of exchange and a store of value.
The post German POW Camp Reveals Power of Bitcoin appeared first on Daily Reckoning Australia.

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Why Vulture Funds Are Circling Europe Now

Hot, hot, hot.
That’s the only way to describe the private equity market and Europe’s bad debts right now.
Check it out…
A group called AnaCap just raised €325 million to go and buy non-performing loans in Portugal and Italy.
The post Why Vulture Funds Are Circling Europe Now appeared first on Daily Reckoning Australia.

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‘Tesla of the Seas’ to Ship Boom Worldwide

Norway sure keeps popping up on the world financial stage for a place mostly famous for fish and fjords. The first reason […]
The post ‘Tesla of the Seas’ to Ship Boom Worldwide appeared first on Daily Reckoning Australia.

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If you think Sydney’s property market is in a bubble…

If you think Sydney’s property market is in a bubble…

Meet Heather Lile… She’s a nurse who lives in California and makes US$180,000 a year. Not bad going, right? Not so fast… […]
The post If you think Sydney’s property market is in a bubble… appeared first on Daily Reckoning Australia.

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How Governments Can Kill Cash

The global elites are using negative interest rates to do the same thing as inflation — make your money disappear. One way […]
The post How Governments Can Kill Cash appeared first on Daily Reckoning Australia.

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The Power Grab Driving a Pensioner Crime Wave

Today’s Daily Reckoning Australia begins with a snort that would make Peppa Pig proud! Japan’s eternal deflation is now being pinned on […]
The post The Power Grab Driving a Pensioner Crime Wave appeared first on Daily Reckoning Australia.

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The Nutjobs Are In Power

The Nutjobs Are In Power

Did you hear that Defense Industry Minister Christopher Pyne wants Australia to become a major arms exporter?
Apparently his plan is to build up the local industry. He wants us to compete with Britain, France and Germany selling weapons and other hardware to places like the Middle East.
This has to be, without doubt, one of the most pathetic things I have ever seen in this country.
The post The Nutjobs Are In Power appeared first on Daily Reckoning Australia.

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The Day Oil Spikes…

The Day Oil Spikes…

The International Energy Agency is warning that oil could spike and fairly soon.
This is due to the massive decline in investment over the last three years.
If you want an idea of just how low this has gone, Halliburton says a staggering US$2 trillion has been cut in capital spending since oil collapsed from its 2014 highs.
Halliburton pegs 2020 as the time oil spikes higher.
The post The Day Oil Spikes… appeared first on Daily Reckoning Australia.

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Australia’s Economic Oddities Go Viral

Lowe is worried about debt.
If Australia’s prosperity is based on debt growth, then of course lowering rates increases it.
But too much debt is dangerous. It leads to financial instability – a fourth but hidden mandate Lowe has added himself.
The post Australia’s Economic Oddities Go Viral appeared first on Daily Reckoning Australia.

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Bargain Hunters to Swarm into Small Cap Stocks

Bargain Hunters to Swarm into Small Cap Stocks

Put small cap stocks on your radar. And I mean NOW. I’ve been banging on about the screaming opportunities I see in […]
The post Bargain Hunters to Swarm into Small Cap Stocks appeared first on Daily Reckoning Australia.

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Why Billionaire Elon Musk is WRONG About Robotics

They are all building rockets into space and teleportation machines and revolutionizing entire industries.
But I’m absolutely sure they are wrong about robots. And history backs me up on this. Common sense backs me up on this. Basic counter-examples back me up on this.
The post Why Billionaire Elon Musk is WRONG About Robotics appeared first on Daily Reckoning Australia.

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The ‘Wave of Money’ Flooding Australia

The money supply increased 7.5% over the year to May. Now we know Australia’s GDP growth rate is nowhere near that. So where did the money go? The property market.
The post The ‘Wave of Money’ Flooding Australia appeared first on Daily Reckoning Australia.

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