Leaders
Wealth building requires discipline over chasing returns
Australians urged to prioritise disciplined investing over chasing high returns amidst concerns of an impending asset bubble
Australians urged to prioritise disciplined investing over chasing high returns amidst concerns of an impending asset bubble.
– Australians are building wealth through disciplined saving and investing rather than chasing high returns.
– Bryce Jenkins warns against heavy investments at market peaks due to risks from asset bubbles.
Australia’s financial landscape is evolving as individuals pursue disciplined wealth-building habits. Bryce Jenkins from The Virtuous Collective emphasises that it is not investments that lead to wealth but rather the consistency of disciplined saving and investing.
Recent market trends indicate that exceptional returns seen in property, cryptocurrencies, shares, and bonds may not persist. Jenkins argues that committing additional capital to a portfolio has a more significant impact on wealth than simply chasing high returns.
He cites scenarios from his book, “11 Unpopular Reasons Why I’m Rich and You Are Not,” illustrating how even small capital injections can significantly benefit investors over time.
