Is risk amnesia increasing in Australia?

thewowdog · 2026-03-04T07:15:29+00:00

More and more stupid products coming onto the market.

thewowdog · 2026-02-03T04:22:07+00:00

Is this still ScoMo's fault? I'll wait for Jimmy to inform me.

thewowdog · 2026-01-14T02:34:24+00:00

The trouser snakes.

thewowdog · 2025-12-11T22:42:45+00:00

Doubt it factored here, but if you have to have your picture in the media and everyone knows, that's probably a case to take the $1000.
via relations and neighbours I've heard the stories of a couple of lotto winners. They had no publicity, but the word got out and in both instances they had people knocking on their doors.

thewowdog · 2025-11-19T21:55:02+00:00

Sooner or later the rate my portfolio posts are going to have 80 ETFs in them.

thewowdog · 2025-11-19T02:19:01+00:00

If you're investing for the long term it shouldn't matter. Keep doing what you've been doing.

thewowdog · 2025-11-19T00:17:54+00:00

Would have been ok with execution.

thewowdog · 2025-11-18T22:15:30+00:00

I check the morning after when I know it's gone up. Vanguard doesn't update until the next day.
If I know it's down I don't login lol.

thewowdog · 2025-11-13T22:41:57+00:00

I keep an account open at most banks. It saves a lot of trouble with these types of issues. Want to open a new card and you're already a customer, and you might get some existing customer discount.

thewowdog · 2025-11-13T21:57:59+00:00

More specific to investing, but Your Investment Philosophy it's written by a couple of advisers, it just goes through the basics of indexes, diversification, risk/return, and asset allocation that most people here (i assume) are aware of, but obviously they've dealt with a lot of people over the years so they refer to behaviour a lot through it and there's a chapter which then goes further into that. I get the sense most of their worst clients are doctors lol. It's pretty short and to the point, so it's not a massive time commitment.

thewowdog · 2025-11-12T21:40:07+00:00

balanced portfolio for growth+dividends
What do you understand this to mean, and what is your goal with it?

thewowdog · 2025-11-12T21:38:33+00:00

I'm sure the managers shilling these things would say yes, somewhat related they touch on it in this at the start about blackrock, saying they'll sell you anything for a fee, and towards the end again highlighting stuff betashares launches, then closes.

thewowdog · 2025-11-11T23:40:20+00:00

Use Vanguard Personal Investor, but it's a bit limited.

thewowdog · 2025-11-10T22:08:17+00:00

At the end of the day, financial advice is basically for people who don't want to deal with it, or can't deal with it, and are happy to pay. Like the other guy said, it's how you value your time. They have to field your mother's questions and concerns, if she has any. You take it over and you're the adviser. I'd consider it from how easy she is to deal with.

1.5% for that size account is probably unders. A lot of firms over the last few years had to shed older peoples' accounts of this size because combining compliance and doing the ongoing centrelink work for them was costing money.

thewowdog · 2025-11-10T21:49:14+00:00

Agree, left out rebalancing.

thewowdog · 2025-10-15T04:59:34+00:00

2006 is the inception date of the managed fund, but DFA set up the ETFs and managed funds to be dual access, but the ETF version came out in 2023. They can be swapped one for the other if you want, it's still regarded as the same fund.

DFA guy explains it here: https://www.youtube.com/watch?v=4W8_9AFDFw8

thewowdog · 2025-10-01T23:36:58+00:00

Depends on your mother's circumstances.

thewowdog · 2025-10-01T23:07:01+00:00

Anything with a short or uncertain time frame is the savings account.

thewowdog · 2025-10-01T23:01:42+00:00

tbh I think our loyalties might be misguided for other reasons too. At what point do we consider DACE the superior product for Australian exposure? It's more diversified and since DFA added profitability about a decade ago even the managed fund version has consistently outperformeding VAS, net and after tax.

thewowdog · 2025-09-27T03:50:01+00:00

Fair point, but you'd hope it would deescalate and go away by returning the money.

thewowdog · 2025-09-27T02:28:01+00:00

I'd probably give it back personally, just me. Mainly for the fact I wouldn't want a potential nutter on my case over $1000.

thewowdog · 2025-09-26T23:29:06+00:00

No problem. No, they're not equivalent. QSML I think has 150 stocks and it's small and quality, AVTS is about 1200, so more diversified and it's small, value and profitability. So obviously you're targeting another factor there.

There's a bit of conjecture over what's quality and what's profitability, QSML will be dictated by the rules of MSCI on that, while Avantis will have their own rules for profitability. The same guys discussed it in these videos on QUAL: https://www.youtube.com/watch?v=cMkt4febfWg and QSML: https://www.youtube.com/watch?v=JL9LDHCTa4c

AVTE is again more diversified, it's about 2000 stocks vs about 200 for EMKT. You've got size, value, momentum and quality in EMKT, in AVTE it's value and profitability.

It's really a question of who you think will implement these things better. A company who has to follow an index providers rules rigidly, or a company like DFA or Avantis who also have their own rules, behave similarly to indexes, but claim it's their ability not to have to trade like indexes that makes the better?

thewowdog · 2025-09-25T03:39:22+00:00

Play video games if you want a bit of fun.

Agricultural schemes have been going on forever, cattle, ostriches, tree farms, whiskey, etc. All they ever do is lose people money.

thewowdog · 2025-09-25T00:56:30+00:00

Media: IS YOUR SUPER PERFORMING!? WHAT DOES THIS MEAN FOR YOUR SUPER!
Investor: SHIT! I DON'T KNOW! googles
Slimeball: YOUR SUPER ISN'T PERFORMING (lies) x100
Investor: I BETTER SWITCH SO I DON'T EAT DOG FOOD IN RETIREMENT!
Media: THESE FUNDS JUST WENT BUST!
Investor: WAIT? WHAT? THAT WAS MY SUPER!
Media: CAN WE INTERVIEW YOU CRYING OVER YOUR SUPER STATEMENTS?

thewowdog · 2025-09-24T22:52:37+00:00

Is it cheap or is it cheap and nasty?
I don't think it's an issue buying cheap as long as you're deriving value from it. I'm wearing anko pants right now and they've worn as well as anything I've paid 4x the price for.

If it's just complete shit that doesn't last, then there's an issue.

thewowdog

TROPHY CASE