Five tips for a great work/life balance….

A work-life balance is something many dream of yet few people ever achieve despite the countless number of books that have been written on the subject. Why is this so?

Many students of our Diploma of Share Trading and Investing who have set achieving a work-life balance as a goal talk of one common theme, which is the need/desire for financial security. In other words, having an income stream that allows you to choose how you spend your time, who you spend it with and what you do. Imagine what your life would look like. Now you are wondering how to get this income stream, right?

Here are my five tips to get you started:

1. If you do nothing, then nothing happens. So to be successful in creating a great lower life balance you need to do something. In turn to create an income stream you have to invest, so set aside a few hours each week to better understand how.

2. Pay yourself first – Always put away at least 10 per cent of your income into some form of savings which could include super or investments that provide capital gain and income.

3. Learn how to create multiple income streams from property and shares.

4. Never invest just to save tax. To create real financial security you need to look to invest for income and capital gain.

5. Buy and hold strategies have proven to be ineffective as this approach exposes your capital to the full extent of any market downturn.
If having a work-life balance is important to you, then improving your finances will be high on your ‘must do’ list.

If you are ready to do something, maybe you want to get started investing in share but don’t know where to start. Then join our Trading Mentor 12 month membership and get started today.

So what do we expect in the market?

Following the strong daily rise on the 28th October 2013, the Australian share market has merely traded sideways between 5400 and 5440 points, gaining no ground over the past eight trading days. Therefore two possible scenarios could occur; 1) the market is about to rise, or 2) we may be about to see a fall below 5400 points. Given the steep angle of the rise in October my preference is for the latter; first a short decline to give the market an opportunity to confirm support, and then a further rise. However, remember that 5,500 points is just overhead and is an important level for the market to break if it is to continue up to the next significant peak between 5600 and 5800 points.
Right now the big players are watching the masses, waiting for them to throw caution to the wind, and bail into the market. Many investors are unlikely to understand the market cycles, and without the ability to think short term in this part of the cycle they will be ill prepared for when conditions change.

XAO-08-11-13

To your profitable trading,

Dale Gillham
Chief Analyst
Wealth Within

Dale Gillham, ‘one of the country’s most respected analysts’ (Wealth Creator Magazine, Nov/Dec 2004), sought after key note speaker and author of the best selling book ‘How to Beat the Managed Funds by 20%’. Dale has assisted thousands of traders and investors to learn to trade shares and become confident and profitable in their direct share investments. Tired of an industry saturated by quick fix gimmicks and expensive short-courses, Dale co-founded Wealth Within to provide ‘ real education and ongoing personalised support’, as well as independent investment adviceto traders and investors who have become disillusioned by the market for one reason or another. As testament to this, Wealth Within launched Australia’s first and only nationally accredited Diploma and Advanced Diploma of Share Trading and Investment.