2040 Wealth

I've been reading the book "Invested" by Phil Town and Danielle Town and learning quite a bit about their learnings and Danielle Town's investment journey. I've learnt a number of things in this book and one of the most valuable things that I've learnt is the three main share price valuation methods that you can use to determine what share price you should buy with a margin of safety. Another great take away from the book is using story inversion as a method to describe the key points for buying a company and inverting those key points into key points why you shouldn't buy the company. I'm thinking about using this method and sharing my thoughts on this blog for any shares on my wishlist as I think it's a great method to weed out any emotions but also solidify your understanding of the company and the industry the company operates. So be sure follow the blog to be updated with my thoughts and research on different ASX shares.

Now might be the time to check your superannuation after The Australian Federal Police revealed details about a major fraud and identify theft syndicate operating in Australia. The syndicate gained access to Australians superannuation accounts and managed to withdraw funds from an unknown number of accounts by changing the person's age to the retirement age. A Melbourne woman suspected for her involvement in the syndicate will face court tomorrow and could be facing upto 50 charges including conspiracy to cause unauthorised access and/or modification of data. Authorities say the syndicate acquired stolen identity information on the dark web and used fake email addresses and single use SIM cards to take over accounts. You can read more about the breach at itnews

This is breaking in Australian cryptocurrency news, AUSTRAC has just shut down to Australian cryptocurrency exchanges in a series of Federal Police raids across Melbourne. The names of the cryptocurrency exchanges are unknown at this time however a 27 year-old associated with the exchanges has been arrested. More than 2 million dollars in assets have also been seized by the Australian Federal Police following a court order. The two cryptocurrency exchanges will not be permitted to operate until further notice. Read the full article at: https://micky.com.au/two-australian-bitcoin-exchanges-shut-down-following-arrest-of-key-executive /

An interesting development in government blockchain news, the South Australian government is planning to use blockchain technology to power the next election using Horizon State. Horizon State is a blockchain company based in Melbourne, and their token HST Powers their blockchain voting platform. It's an interesting development considering that the digital transformation agency recently came out again stating that blockchain technology didn't really have a use in government services at this stage due to it's inability to edit or delete records. However for voting it makes perfect sense to use blockchain to verify voters and prevent fraudulent votes and tampering. You can read the full article from Micky at the link below. https://micky.com.au/blockchain-technology-used-by-south-australian-government-to-conduct-election/