News


Confessions of a model trader

Rowena Ryan | July 23 2008 | The Sydney Morning Herald & The Age (subscribe)

What was your first job?

I worked in a milk bar flipping burgers, stacking shelves and stuffing chickens.

What did you get paid?

$3.50 an hour and let me tell you, I worked for every cent. My first boss was tough but he gave me a good work ethic.

Are you a saver or a spender?

I'm a spender, my mum is a saver.

What do you spend your money on?

I'm terrible with clothes and I also spend a fortune on my four-legged best friends. I have three dogs and they're spoilt rotten.

What was your worst purchase?

I have splurged on a few sparkly items that my jewellery box easily could have survived without. Diamonds can be a girl's best friend, it's true, but not when they eat into your bank balance.

Credit cards are: a) great; b) helpful; c) a poor investment; d) work of the devil.

d) work of the devil.

Why?

I don't use them at all. I have one debit Visa. I got myself in trouble with credit once and for many years now I have owed absolutely nothing. It's a great feeling.

Does budgeting work for you?

Yes, I think it works for everyone when you actually stick to it.

What's the best piece of investment advice you have heard?

Never put all your eggs in one basket.

What's the best piece of investment advice you have actually acted upon?

If you don't have it, don't borrow it.

If I was given $20,000 I would buy ... property.

If I was given $20,000 I would invest in ... art or shares. The market is so down at the moment - I figure it's a good time to get in the game. Before I joined Neighbours, I took a course in CFD trading. I'm still studying the market and playing with small trades.

Printer friendly version  Printer friendly version      Email to a friend  Email to a friend


top



Advertise with us | Contact us | Site map | About us
Privacy Policy | Conditions of Use | Membership Agreement

Copyright © 2008. Any unauthorised use or copying prohibited.

Check my portfolio for
» Shares
» Managed funds
» Networth
Create a portfolio


Each week financial advisor Noel Whittaker answers your questions.

Topics include:
» Mortgages
» Managed funds
» Superannuation
Ask a question now

Help

eNewsletter
Let our enewsletter Money Sense help you with your finances. Subscribe now.
See sample newsletter