Pete Wargent blogspot
Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).
4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.
"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.
"Pete Wargent is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.
"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.
"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.
"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.
Monday, 16 November 2015
Life expectancy to historic highs
The ABS released its Deaths data for 2014 in the past week, and despite the slightly ominous title there is some good news: life expectancies have increased to historic highs!
Over the past ten years life expectancy at birth for males improved by 2.2, years and for females life expectancy at birth improved by 1.4 years.
Thus based on the latest mortality rates a boy born in 2012-14 can expect to live until beyond his 80th year, while a girl can expect to live for 84.4 years.
This takes life expectancy in Australia to its highest level on record, while there are only six other countries in the world that can boast a life expectancy above 80 years (those bding: Japan, Italy, Iceland, Sweden, Switzerland, and Israel).
Of course, this happy news also has important implications for pension plans.
The reality is that if you are fortunate enough to survive until the traditional retirement date today, there is every chance that you could be around for several decades beyond your working lifetime.
For that reason, it has become more important than ever that you have a portfolio of investments that can go on working for you (or can be realised/converted into an annuity).