Traveller's Will

Newcastle is the second largest city in terms of population in state of New South Wales (NSW).  The Greater Newcastle Area has an approximate population of around half a million people and includes the Local Government Areas (LGA) of the City of Newcastle, Lake Macquarie City Council. It also includes: parts of Cessnock City Council, Maitland City Council and Port Stephens Council. Located on the mouth of the Hunter River, Newcastle serves as the main city and hub of the Hunter Region. Newcastle as a lifestyle home and a tourist attraction has many things to offer such as: beaches, nature parks, breath taking walks or trails, and hangouts. The main ways to get to Newcastle are:  Direct flights to Newcastle Airport (located in Williamtown) from either Sydney, Melbourne, Brisbane, Gold Coast, Canberra, Ballina/Byron, Dubbo, or Auckland in NZ. Train from Sydney Central Station to Newcastle Interchange Station, or  On the road to Newcastle by car or bus. My top 10 places...

1. Don't lose money 2. Don't forget rule number 1. 3. When you are investing in a stock, you are buying to be part of that business (eg. part owner in the business). 4. Its better to buy a GREAT quality business for a slight premium than to buy a mediocre business at a fair price. Eg. Its better to buy a Coca-Cola than to buy Joe's Cola because Joe's Cola is trading at a cheaper multiple than Coca-Cola. 5. Buy a business that has a strong and leading moat. Eg. Coca-Cola, people associate it with happiness according to Mr Buffett.  6. Stick to your areas of competence or the businesses you understand. Eg. if you work in that industry like the car industry, you will have an upper hand in understanding the state of the car industry. 7. The power of compound interest: its important for the business has a high amount of retained earnings that is reinvested back into the business. Eg. like putting $100 at a 5% interest rate, assuming a simple interest annual payout, at the en...