Life Advice

Parent category

Making the Most of Now

It Scares me….
  • Have you ever looked back and wished you’d taken that trip or finally tried that new hobby?
  • How do you know if you like something if you’ve never tried it?
  • What on earth are you waiting for?

Why do people wait until they are ‘retired’ to travel. I don’t know… I think it’s backwards and an unbalanced way of living. All too often, we hear heartbreaking stories of people’s carefully planned lives being cut short by illness, accidents, or other unforeseen circumstances. This begs the question: why wait for the “magical” retirement age of 65 to experience life? Why not start now?

I would think I’m a pretty out there person, squeezing in a lot of things, but I still think I have ways to go in fully committing. Upon realizing this, I’ve been all in for trying to get a solid job at a large multinational so I can expat around the world, trying new things and cultures. I see it as a part-time travel job with work to sustain the adventure. “Work to live, not live to work”.
 
From my first international trip back when I was ~19 years old, I realized how eye-opening and open the world can be. I probably didn’t (and still don’t) fully appreciate or endorse it all, but I know the opportunity is there. Trying new things and putting yourself out there. That’s why I am moving overseas – to live life in the fast lane, try new things, and most of all – to have no regrets.

Fired up! Get Some Go About ya!

So cool, I know I want to do something… But what is it and how am I going to make it happen?
1) Planning. As any good Finance person will tell you, success starts with planning. “If you fail to plan,you plan to fail”.
2) Execute: Make it happen. I’m not a humble guy… So I’m just going to say it, I’m good at this. I make things happen. I put plans on shared calendars, I book far ahead, I work through fatigue. YO to the LO.
3) Enjoying the moment and reflecting. An area I need to work on. Sometimes I’m too caught in 1 and 2 that it interferes with the moment.

My 2024 Travel Planning Map

Progressing Through Life in Stages

I’ve been meaning to write this post for a while now and glad that I hadn’t rushed it, I have taken an interest into Philosophy and Psychology which has been a fun and fruitful venture! A few things have really stuck with me; Carl Jung’s Four Stage of Life and also his quote;

‘People measure you for what you do, not what you say you’ll do”

Ross' Perspective on Carl Jung's Four Stages of Life

Ross' Perspective on Carl Jung's Four Stages of Life

Carl Jung's Four Stages of Life:

  1. The Athlete: In this stage, which usually corresponds to youth, individuals are focused on physical development, competition, and establishing their identities. They seek to build their skills, explore their interests, and strive for success in various domains.

  2. The Warrior: This stage typically occurs in middle age. During the warrior stage, people often channel their energy towards career, family, and societal responsibilities. They aim to establish themselves in their chosen paths, protect their loved ones, and contribute to their communities.

  3. The Statement: As individuals move into later adulthood, they enter the stage of the statement. Here, people tend to reflect on their accomplishments and contributions. They may focus on passing down their wisdom, sharing their life experiences, and leaving a meaningful legacy.

  4. The Spirit: This final stage is often associated with old age and the approach of mortality. People in this stage may become more contemplative, seeking to understand deeper spiritual and existential questions. They may detach from worldly concerns and concentrate on personal growth and spiritual exploration.

Favourite Quotes

  • “Your visions will become clear only when you can look into your own heart. Who looks outside, dreams; who looks inside, awakes.”
  • “People measure you for what you do, not what you say you’ll do”
  •  “I am not what happened to me, I am what I choose to become.” 

BTU110

Leading into BTU110 I had done a few long runs on the weekend and started feeling some pains in my knee in the exterior of my left knee but just like under the knee cap. It only started to feel these pains when I bent it and only after maybe 3 or 4 hours of running. I thought I was just imagining and kept pushing on.

09 July 2022 at 5:00am the race began and I was in the top 5 or 6 people. I just happened to be running a similar pace with a legend – Alexi. I was feeling great even with the steep and constant undulation until around the 40k mark or ~4-5hour mark the similar dull but consistent knee pain. I tried to run it out for another 10Ks until it started becoming unbearable – I had made it to one of the larger aid stations and rested for a few minutes and downed some noodles. Started running again and within 2ks it had come back. At the top of a hill I decided to let my position slide and try to shake it out for 20-30 minutes with squats and stretches. It killed me just to let people pass. Similar to before, the pain came straight back but faster and worse than ever. I knew at this point that I was pulling out.

The walk of shame back to the aid station was the worst part as so many people were so encouraging and checking in if I was okay. At last I made it back to base and got a lift down to the bus stop with a nice support crew.

At the end of the day, I was sure I made the right call to pull out. It only kills me now as I look at the results to see and congratulate Alexi on coming overall 3rd. I still had a lot of gas in the tank and weirdly was walking fine, just couldn’t run. 

I steeled myself and knew I had something to learn from this experience. Sharks can only move forward, I need to channel my inner shark.

What's up doc?

Without ranting too much about how long and drawn out the process was to see doctors / physios / radiologists / etc…. I decided I should get some specialist medical assessments.

  • BAD: MUST see a GP to get a referral. Seems to take longer than a week to get a booking…
  • GOOD: Opted in to get an MRI scan ($500 cost but $380 returned through Medicare)
  • GOOD: MRI report comes back with a lot of detail. but quite complex. Google and youtube help diagnose
  • BAD: GP is supposed to interpret the results but literally has no idea so just reads back the report word for word and suggests seeing a specialise.
  • GOOD: Youtube / Google doctors and physios have lots of remedies which I was following most of the 3 weeks prior to finally getting the MRI report.

The words ‘Chronic’ and ‘ACL’ scared me to see them here – however I know they’re most likely from previous injuries and I was running with them earlier. So ruling them out it’s surely ITB syndrome and Google diagnosis suggested.

Rehab = Stretching and Strengthening

A few of the materials that really helped me.

  1. Stretch ITD with towel/belt
  2. Quad stretch
  3.  Strengthen for 1 legged squats
  4. Ankle / shin flexibility and mobility
I try to do most of these every day even if it’s short – better than nothing.

1 month later...

I rested for almost 4 weeks and maybe 5 cancelled physio appointments before deciding it was time to test it out. The stretching has really helped and no pain although I’ll admit I’ve probably overdone it with almost 60ks in the last 5 days.

In November 2020 I decided it was time to tackle a goal I always had wanted to try: Learning the Piano. I don’t think there could have been a better time, partially locked down with COVID, plenty of time at home, working from home. These are not the memoirs of an empress, nor of a queen. These are memoirs of another kind. These are the memoirs of a maestro.

Why did I want to play piano? Linking back to what drives me, my goals and then plans:

Looking back on this now, I think the links are quite weak, which is why with sadness I admit that Piano defeated me. I gave up, I quit.

But Why?

I like must be black or white with everything I do. For most of the important things I do in life, I’ll subconsciously have thought why I am doing something. For example; why buy a house? Investment opportunity, stability, making commitments and building a life with my future wife (at the time), etc. Once you throw together the pro / con list, you should be able to make a decision that you resonate with.

When I signed myself up to piano, I thought that I would enjoy it due to my ‘understanding what drives you’. The more I played the more I really started to understand about myself ‘you are more likely to enjoy things you are good at’. I enjoy listening to good classical style music however when I stepped up to the piano, it was just a hot mess of keys and sounded awful. The most frustrating part of all though was even if I practiced every day for a month. If I missed just 2-3 days without training, I would forget it all and be back at square one.

After losing basically all the minimal progress a few times, I’d lost the motivation to continue. I realised that I would never have the motivation to commit thousands of hours into something I was so bad at and not making progress. It was too hard and makes me respect how these pros can play so well, songs 10,000 times harder than what I was struggling with.

Ross & Kaworu Playing Evangelion's Cruel Angel's Thesis

So what now?

It’s not like I’m gaining heaps of time back (maximum 30 minutes per day). But some projects myself and Kel have been thinking upon;

  • Planning a move to Hong Kong
  • Setting up an official training schedule (done)
  • More blog posts
  • Editing / creating memories and video content
  • Getting back into languages
    • Getting decent at Japanese again or;
    • Chinese (Mandarin)

“If you fail to plan, you plan to fail.” – Benjamin Franklin.

I originally titled this ‘The Importance of Plans and Goals’, then realised that without a goal, there’s no need to plan. 

But then what is a goal and why do we need them? To me a goal is about understanding. Understanding ourselves, our wants, society, family, etc. To set a goal we first want to understand WHY we want to achieve the goal. Most of the time this will be subconsciously known to us but it’s always best to know The Why and the Goal.

We need goals to give life direction, meaning and progress. Too often when asking people ‘What did you do on the weekend?’ you will get the lacklustre reply ‘ah, not much’ or ‘just chill’. Firstly, if that was my goal – to chill and do nothing, then 100% fine. But if you sit on your couch watching the Olympics or an amazing documentary thinking ‘How amazing, I wish I could do that’, then you need to ask yourself the hard questions: 

  • What is your purpose? 
  • What makes you happy? 
  • What gets you out of bed each day?

Although not a necessity, I would recommend first, understanding yourself (The Why), then building your Goals and then The Plan to achieve those goals.

Looks like a lot if going on… Start from the left. 

  1. What gets you out of bed, then;
  2. Link these to goals, and then;
  3. Set a plan to achieve these goals

I find the more connections you can make between your joys and what gets you out of bed, the more strongly a goal will resonate with you.

Example: Goal: Ultra-Trail du Mont_Blanc

  • The Why (what I get out of bed for):
    • Love for mountains, nature and scenery
    • Love for Travel – chance at a French-Swiss Adventure
    • Running (can) give me a euphoric ‘high’ during and a sense of accomplishment after
    • To challenge myself – A few years ago, if you told me that someone ran 170kms with ~10K elevation change, I would say it’s impossible. Those people are heroes. I want to be a hero. Maybe part god complex part egotism part conceited but I like to challenge myself to do things most people wouldn’t dare or chance upon themselves to accomplish. A paradox which could be written on my tombstone – Ross ‘The Humblest’ Michell.
  • Goal: I want to run the Ultra-Trail du Mont-Blanc (a 170km mountain race in the Swiss-French alps with one of the largest fields). 
  • The Plan: like all of my big goals, planning starts with a Google Sheet.
    • Research the course (Length: 170K, Elevation: 10K, Cut off: 46h 30m). How on earth will I do this?
      • Research: running, types, podcasts, coaches, travel and course map.
      • Set up a training plan
      • Find and hire a coach
    • Timing – Yearly in August
    • How to Qualify: 10 ITRA points in a maximum of 2 races. Which races will I do…. This basically turned into it’s own adventure
    • Convince the wife to allow and support me

Most importantly, writing these things down can help you as your go. It sure helps me when I write these articles.

Happy Planning!

Unless you understand this formula, time is fixed, it’s something you can’t get back.

As a kid we grow up with these expectations which almost don’t allow for questioning: go to school, get a job, find a partner, buy a house with a white picket fence, have a baby, become a grandparent, done. It seems like a question everyone has answered without even asking themselves of something so vitally important. 

These 5 questions are the ones I believe are most crucial in thinking about how you want to spend your time without mindlessly following the masses. 

  1. Do I really want to be a parent?
  2. Relationship
  3. Do I need to buy a house?
  4. Career / Money
  5. Why am I alive? If I retired today, what would I do?

I don’t always take the most orthodox approach to life and that’s purely due to asking myself questions and tossing up the opportunity cost (considering all options) in terms of time and selecting the best option.

1. Do I really want to be a parent?

Yes or No? I believe this is the most important question that people really need to ask themselves. If you get this terribly wrong not only can you severely alter your own quality of life, but also the next generation’s life. 

Just like anything involving decisions and opportunity costs, I would recommend making your own table of pros and cons. I generally start with the cons.

Cons

  • Time commitment
  • Short temper / lack of patience
  • Cost to the environment
  • Cost to my wallet

Pros

  • Live vicariously through your kids
  • Can bring a lot of joy
  • Naturally paternal / maternal
  • Give you something to do

For some it will be clear after putting a simple list together. For others, more research may be needed. Luckily for me, I have 2 brothers with 3 kids each. A simple visit to each house gave me solid insight into the life of being a parent.

Personally, the time commitment was the killer for me. I like my life, I like spending time on me, I do what I want (which is what the wife also wants). If a kid came into my life, almost all of my time for the foreseeable 18 years would go into that kid away from me. Yes, I’m selfish but that’s how I want to live MY life, your life is your choice. Communication is also key, talk through these things with your partner before you get married or get too deep. 

Remember your life is crafted by your own choices, be inquisitive and know how you want to spend your time to live the life you want to live.

Yes, I wear these (the socks & shoes combo)

2. Is this the right relationship for me?

  • What kind of relationship am I looking for?
  • Why am I with this person?
  • Do I want to get married?

Firstly be honest with yourself and then communicate and be clear with your partner. Know what kind of relationship you want: is it just fun? Serious? Nothing? It’s up to you. Pick one and be clear, there is nothing worse than being in the ‘grey zone’ – keep it black or white. 

If you are lying to yourself and your partner, you are wasting 2 people’s time and effort.

3. Do I need to buy a house?

In Australia it seems like another rhetorical question… But why do we want to be house owners? Just to be clear, I’m not against buying a house, I just think it’s most important to consider your situation and timing in relation to buying. I’ve listed some pros and cons below.

Buying

The Cons of Buying: It’s a big commitment of money, but responsibility as well. It may also lock down your options for working hours, holidays and other commitments whilst putting further stress on the purchaser.

The Pros of Buying: You are an owner – you can do almost whatever you want with the place, you have a secure place to live so no one can really kick you out. The price of the house (most likely) will rise in value – so you can make money on the purchase.

Renting

Pros of Renting: Cheaper initial cost and little upfront investment (bond), freedom to move places if you don’t like the location or house. If you go on an extended holiday, you will pay no rent (i.e you can literally move anywhere in the world). 

Cons of Renting: Can be forced to move out of home. Rent increases are inevitable. You will be ‘paying for someone’s mortgage’ (although I don’t believe this to be any different to being employed). 

My wife and I purchased an apartment in Sydney in 2019. We both actually love the apartment & amenities as well as the location (closeness to shopping, national parks, safety, etc). We have seen so many benefits in terms of tax, rental income and getting experimental on the tools. Doubts about the purchase have only recently come to mind as we plan out the next few years in a post-covid world where we would like to work and live internationally and having a large asset back in Sydney is a bit of an obligation.

4. How much money is enough?

This is almost the same as when can I retire? Do I need to keep working until I’m at retirement age? I want to challenge the thinking here – especially to those who are not planning on kids. An idea which I autonomously thought of but which is well documented by Bill Perkins is below:

What’s your optimum retirement strategy? Are you going to just keep working long hours in order to sock away more and more money that you’ll never get around to spending because you’re working?

The Die With Zero philosophy is once you’ve saved enough to fund your retirement and give to your family and charities, you should start focusing more on generating memorable life experiences. That’s the time to live life to its fullest, not to be pulling even longer hours in the office, or waiting until you’re too old to be able to enjoy doing things.
https://summaries.com/blog/die-with-zero

In the end, how much help do you need to give to your kids? If you’ve raised them to be self-sufficient, I’m sure they will be okay on their own or with just a little support. You’ve worked hard to earn this money, go enjoy your money and don’t end up with a James and Lily Potter amount of money left over without being able to spend and enjoy it.

5. What is MY life?

Imagine a life without having to worry about time or money or anything else. What would you do? What do you enjoy? Where do you WANT to spend your time?

This is how I like to think about ‘the meaning of life’ – my meaning is to enjoy life with the people I care about. Is there another life? No idea, but what I do know is I will live now and die one day and I will enjoy the hell out of it.

Have a good solid think and figure out the things you love to do which bring joy to your life. For me this is:

  • Life planning
    • Short Term: Planning my next few days, next holiday, mapping a new trail run / bike ride, blog writing etc
    • Long Term: Exploring google maps for holidays, Expense / qantas point planning, investigating long holidays, blog planning, etc
  • Travel
  • Running / Hiking / Nature
  • Anime, gaming and computers
  • Collecting (cards) and creative hobbies

If I were to retire tomorrow I would honestly be up until at least 3am ‘life planning’, I call it. Which would just be on my custom build PC throwing ideas on a spreadsheet in timeline format and tossing up ideas of which one sounds best and works best with my current situation and timings. No doubt those plans would include each of these dot points. The next morning I would run the wife through these plans and see if she’d be keen on them – that is my/our life and I love it.

The Template

This template will combine and take you through the steps we have covered in this Fundamental Series:

  1. How Much Do I Invest?
  2. Portfolio Risk Profile
  3. Understanding the risk of investments and;
  4. Building your portfolio based on risk profile
  5. Tracking Your Investments With Google Sheets
  6. When to sell and methods of selling

Find the Link below – note you will have to make a copy if you click the 2nd button. I would also strongly recommend using a real computer and not a phone (just like for all things worth doing).

Template (Google Users)
Template (Other Users)

All the best with your investment endeavours and reach out if you have any questions. 

Future Posts

I plan to cover more areas in this area such as Cryptocurrencies, Trading Cards and Other Investments so watch this space. Below is my favourite tennis player and collector coin which is actually quite a lucrative investment!

Yes, your broker website like CBA will track your performance very well. However, the things it won’t do well it remind you

To manage this, I would suggest to use your own personal tracking similar to what I have provided in a template below: Investing Fundamentals: Track Your Investments With Google Sheets

Notes for using such a template

  1. You will need to ensure your portfolio is updated from your Broker Site (e.g Commsec)
  2. Each time you make a purchase or sell, update the appropriate columns (the first few until you hit ‘Cost’)
  3. Personal Input will need to be manually input (unless you use the full template – releasing in coming days)
  4. Google Prices and statistics will update automatically when the market is open and every 10 or so minutes

If you are unfamiliar with Google Sheets – BECOME FAMILIAR WITH GOOGLE SHEETS!

The next and FINAL piece of this series will be bringing it all together with, you guessed it – A Google Sheet Template – Full Starter Template And Review

So you’ve invested your money, some are up, some are down. How do I know when to buy more, keep holding or sell? This article aims to provide you with some guidance through the ups and downs of your portfolio.

Take your wins when you can

It sounds simple – if a share has had a dramatic increase in share price due to an announcement and jumps up anywhere above 30% in a single day, it could be worth re-evaluating and selling. Especially for shares in which you have taken a punt on without significant amount of research. Recently, off the back of a solid announcement from the company I’ve had a win with one of my holding ASX:COD (a copper explorer I took a gamble on a few months ago after hearing it could be a winner from a friend). The share one more shot up over 150% in the morning, without any science and worried the potential gains could erode away, I set the sell price at $1.00 which would earn me roughly 300% – a very respectable amount I am happy to take.

It’s not uncommon though for the share to keep shooting through the roof (which is the risk you take when selling) or to plummet back down if the market overreacts to good news. I was recently caught up in the hype of one of my other investments ASX:88E, where I was up roughly 800% at one point, they then let out an announcement of bad nature and plummeted 80% on the Monday at open. Although still up overall, if I had sold earlier, I could have secured much better gains. 

Selling at any price on the way up would have yielded much better gains and it’s really impossible to know what the peak is or see the future. So be happy if you can take your gains where possible, if you really believe there’s much more potential, keep holding. Another strategy I like is:

Partial Sale

This is probably my favourite method of taking acceptable gains as well as still riding the wave if you have good believe or just want to keep some risk in the portfolio. Example with ASX:88E above.

  • Watch the share sky rocket up to maybe 200-300%,
  • ‘This is amazing, I have seen them release good news thus far, but there’s still some uncertainty over the samples’. 
  • I recognise I have made good gains, but it could be better. However there is risk that it could all turn into nothing…. 

I could:

  1. Sell it all and take the win
  2. Partial Sales: Sell my original Purchase amount ($) and keep holding the remaining
  3. Hold the entire amount – go go go

With the Partial Sales, you would limit any losses that could be made in the future. Even if the company goes bankrupt, you will have pulled out the initial amount. Great!

Even as the price climbs higher (like 600-800%), you can keep selling part of your investment realises gains and gains. If we did a strategy like this for 88E potential gains would be much higher than what I actualised (100%). Doing this strategy would potentially yield $2,500:

You can see how powerful the partial sale can be in this illustration. Be cautious and watch the shares (daily) to look for spikes and opportunities for potential sales.

Buy more when the price drops (AKA Averaging Down)

In essence, if you have some shares you really believe in could be a future winner however they are currently at a loss (in the red), you can thinking of this another way as ‘oh, I can buy more as this share will surely increase in value over the next few years. I’m getting a bargain! I should buy more‘. 

You can read a full article on this here but that is the true crux. Example would be COVID, I should’ve put everything I owned in shares in March 2020 and I’d have paid off my mortgage 3 times over!

Tax Implications

If you are serious, go see your accountant, tax or financial adviser. 

The main thing here I think is the 50% CGT discount.  Link to ATO website. 

Simply put, if you are holding an investment and it’s been a full year, any gains you get may be discounted by 50% for tax purposes. So IF you are sitting on a gain and were thinking of selling, it could be worth waiting a few extra days to get this discount. 

Next time

  • Tracking your investment portfolio in Google Sheets with automatic updates

ETFs

With so many ETFs of all shapes and sizes now available on the market, finding the right one to invest in can sometimes be a difficult choice for investors. Here are a few suggestions on what to look out for when choosing ETFs.

  • Align to allocation: First and foremost, finding the right ETF should depend on your own investment objectives, portfolio asset allocation plan and personal priorities.
  • Know your provider: Apart from market forces, how well an ETF performs can also depend on how it is managed. Investing with a reputable fund manager with experience and a good track record of delivering index performance is important.
  • Compare the costs: Costs are one of the more straightforward ways to compare ETFs and can be particularly important when you are selecting between sometimes similar products.

Paraphrased from Vanguard

ETF Comparison List

Ordinary Shares

There are usually 2 schools of thought with choosing shares

  1. Fundamental analysis evaluates securities by attempting to measure their intrinsic value.
  2. Technical analysis differs from fundamental analysis, in that traders look to statistical trends in the stock’s price and volume.

Being a bit of a cynic in this area of late, I think a lot can also be put down to common sense on macro environments. you can try using some ‘deductions’ such as ‘Lithium prices will go up in the next few years due to x, y, z’. With that in mind, find some shares in those sectors.

An example I’m hoping to bank on is corona virus on the Travel and Flight industry. Hoping they recovery in the medium term should yield some results as the share prices are currently at very low rates compared to pre-COVID19.

Penny Stocks and Micro Caps

Much of this is fortune telling, but if you’re willing to put in a lot of time and research and have a knack for geology, you could do well with the mining / exploration companies. Otherwise you can try using some ‘deductions’ such as ‘Lithium prices will go up in the next few years due to x, y, z’. With that in mind, look at some micro cap companies exploring for these precious metals. Look into the announcements and other macro factors look for things such as

  • Can they survive on their current cash balance?
  • Are their deposits likely to yeild solid results? Could compare to other explorers in the area.
  • Always be conscious of the price of the underlying asset e.g Gold Explorer prices will go up if the intrinsic price of gold also goes up. 

List of ASX Companies by Sector

‘Professional’ Micro Cap Investors – Next Investors
You can also see their current portfolio

Crypto Currency

To be honest, it’s all guess work here. 

I have heard this guy is good though. 

Market Prices for Cryptocurrencies