June 21st 2024.
Paul Huggins, a highly experienced Australian fund manager, is feeling frustrated with the lack of public support for those who are struggling financially. Despite this, he believes that there are certain strategies that can be utilized to attain financial independence.
In a recent interview, Huggins, who serves as the director and CEO of Hamilton Chase, expressed his disappointment in the lack of government interest on both sides. He explains, "The reality is that there is a lot of pain out there, and it's disheartening to see the lack of action from the government. I don't expect any handouts, as I am well aware of how the system works. My concern lies with the younger generation who are facing immense pressure and challenges."
Huggins, who has managed a portfolio worth over $21 billion for high net worth clients and retail investors, has recently released his first book, Intelligent Leverage. The book serves as a guide to help individuals achieve financial success, drawing from Huggins' own experiences and lessons learned throughout his career. As he says, "I wrote this book to share my journey and offer practical advice to those who are looking to improve their financial situation. I started with a mere seven thousand dollars in my bank account at the age of 17, and now I manage billions. I did it my way, without following any rulebook or government-prescribed strategies."
Huggins emphasizes the importance of looking beyond the traditional means of setting oneself up for retirement, such as relying solely on superannuation. He explains, "Many people fall into the trap of putting all their money into superannuation or property, simply because that's what the government or their employer has recommended. However, there are other options available and it's important to consider them as well. Superannuation is a great vehicle, but it's not the only one. It certainly isn't my only investment avenue."
According to Huggins, investing in the property market is a wise move, as it can provide long-term benefits and help avoid the "killer" of non-deductible debt. He states, "I have personally looked after thousands of baby boomers, and while we can discuss superannuation and pensions all we want, the majority of them would say that they regret not investing in more properties, knowing what they know now."
In addition to property, Huggins also believes that the share market offers profitable opportunities. However, he advises people to invest in established and reliable companies, rather than newly established ones. He explains, "I'm talking about blue-chip stocks, the big players like Google, Microsoft, and Nvidia. These are proven performers and can provide significant returns in the long run."
Huggins' book, Intelligent Leverage, is now available for purchase on various platforms. He reminds readers that the information provided on his website is general in nature and should not be taken as personal financial advice. He urges individuals to consider their personal objectives, financial situation, and needs before making any financial decisions.
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