Latest News from Newealth

Friday Tidbit

• Posted by Dejan Pekic BCom DipFP CFP GAICD

In 1926 George S Clason first published a famous series of pamphlets on thrift and financial success using parables from ancient Babylonian clay tablets.

These pamphlets were latter incorporated into his book, The Richest Man in Babylon and the following seven cures for a lean purse are from the book and as told by Arkad, The Richest Man in Babylon.

1. Start thy purse to fattening

“For every ten coins thou placest within thy purse take out for use but nine. Thy purse will start to fatten at once and its increasing weight will feel good in thy hand and bring satisfaction to thy soul.”

2. Control thy expenditures

“Budget thy expenses that thou mayest have coins to pay for thy necessities, to pay for thy enjoyments and to gratify thy worthwhile desires without spending more than nine-tenths of thy earnings.”

3. Make thy gold multiply

“Put each coin to laboring that it may reproduce its kind even as the flocks of the field and help bring to thee income, a stream of wealth that shall flow constantly into thy purse.”

4. Guard thy treasures from loss

“Guard thy treasure from loss by investing only where they principal is safe, where thou will not fail to collect a fair rental. Consult with wise men. Secure the advice of those experienced in the profitable handling of gold. Let their wisdom protect thy treasure form unsafe investments.”

5. Make of thy dwelling a profitable investment

“No man’s family can fully enjoy life unless they do have a plot of ground wherein children can play in the clean earth and where the wife may raise not only blossoms but good rich herbs to feed her family. To a man’s heart it brings gladness to eat the figs from his own trees and the grapes of his own vines. To own his own domicile and to have it a place he is proud to care for, putteth confidence in his heart and greater effort behind all his endeavors. Therefore do I recommend that every man own the roof that sheltered him and his.”

6. Insure a future income

“It behooves a man to make preparation for a suitable income in the days to come, when he is no longer young, and to make preparations for his family should he be no longer with them to comfort and support them. No man can afford not to insure a treasure for his old age and the protection of his family, no matter how prosperous his business and his investments may be.”

7. Increase they ability to earn

“To cultivate thy own powers, to study and become wiser, to become more skillful, to so act as to respect thyself. Thereby shall thou acquire confidence in thyself to achieve they carefully considered desires.”

Has anything really changed when it comes to accumulating wealth?

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Global Wealth Report 2025: The rise of EMILLI

• Posted by Dejan Pekic BCom DipFP CFP GAICD

EMILLIs or Everyday Millionaires represents people with assets of US$1 million to US$5 million and their numbers have quadrupled to 52 million globally since 2000.

These Everyday Millionaires accounted for around US$107 trillion of total wealth at the end of 2024.

At the top end of the wealth pyramid there are 31 people with over US$50 billion in wealth out of a planetary population of 8.14 billion humans.

Lots more insights into wealth and we invite you to enjoy.

Click to read.

Our business is based on referrals, so if you have family, friends or colleagues that want advice please ask them to contact us.

Friday Tidbit

• Posted by Dejan Pekic BCom DipFP CFP GAICD

Who would have thought that 29% of Greeks living in Cities and Towns (almost one third) spend more than 40% of their household income on housing?

Click for graphic.

Just goes to show that it is not just us in Australia that suffer under a ruinous housing policy.

Looking forward to our Federal, State and Local politicians fixing what has been a multi decade problem to date.

Our business is based on referrals, so if you have family, friends or colleagues that want advice please ask them to contact us.

What a difference a decade makes

• Posted by Dejan Pekic BCom DipFP CFP GAICD

Vanguard have published their Index Chart for asset class returns to 30 June 2025.

For comparison we reviewed the asset class returns to 30 June 2015.

A decade ago it was Australian listed companies that delivered the best 30 year performance number but now it is US listed companies who have delivered the best performance number over 30 years.

More interestingly is the 10 year growth asset return numbers which delivered 6% to 7% per annum to 30 June 2015 while for the 10 years to 30 June 2025 growth assets returns are 8% to 15% per annum.

This has been a material increase in growth asset returns and the reason must lie with the combination of low interest rates and proliferation of software/AI focused businesses.

Click for charts.

Will it continue, sadly no.

Expect an asset price correction or crash, this is guaranteed to happen which is why remaining invested according to our appetite for volatility is most important and when (not if) fear and panic next take hold, react by buying more quality assets at discounted prices.

Our business is based on referrals, so if you have family, friends or colleagues that want advice please ask them to contact us.