{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"The Forever Test - the one principle behind long-term property wealth | Stuart Wemyss","description":" Most investors say they\u2019re long-term investors.   But then they check auction clearance rates every weekend, worry about the next interest rate decision, chase the latest hotspot, and get distracted by whatever the media says is working right now.   And that\u2019s a problem, because real wealth rarely comes from the investment that looks exciting today.   It comes from owning the right assets for long enough to let compounding do the heavy lifting.   In today\u2019s show, I\u2019m going to chat with independent financial adviser Stuart Wemyss about what he calls \u201cThe Forever Test\u201d - a simple but powerful filter for making better investment decisions.   We discuss how short-term media distractions can hinder true wealth creation.   And we highlight the significance of focusing on assets with strong fundamentals and staying power.   Join us as we delve into the power of compounding capital growth over decades.   Takeaways  \u2022 Long-term investment strategies reduce emotional decision-making and enhance wealth growth. \u2022 The "Forever Test" helps identify investments with enduring value and potential. \u2022 Compounding capital growth significantly increases asset value over extended periods. \u2022 Short-term market reactions often undermine long-term financial stability. \u2022 Strategic investors prioritise fundamentals over fleeting market trends. \u2022 Location and structural demand are crucial in property investment success. \u2022 Patience and discipline are key to navigating market volatility. \u2022 Quality assets in prime locations offer better long-term returns. \u2022 Emotional decision-making can lead to costly investment mistakes. \u2022 Understanding demographics aids in selecting investment-grade locations.   Links and Resources:   Answer this week\u2019s trivia question here - https:\/\/www.propertytrivia.com.au\/ \u00b7         Win a hard copy of Negotiate Influence, Persuade. \u00b7         Everyone wins a copy of a fully updated property report.   Michael Yardney   Get the team at Metropole to help build your personal Strategic Property Plan. Click here and have a chat with us.     Stuart Wemyss \u2013 Prosolution Private Clients     Get a bundle of free reports and eBooks: www.PodcastBonus.com.au   Also, please subscribe to my other podcast, Demographics Decoded with Simon Kuestenmacher \u2013 just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.   About The Michael Yardney Podcast | Property Investment And Wealth Creation  Australia   The Michael Yardney Podcast is one of Australia\u2019s leading property investment podcasts, helping investors understand the Australian property market and build long-term wealth through strategic property investing.   Each week we explore: \u2022 Australian property market updates\u2022 Property investment strategies in Australia\u2022 Melbourne property market trends\u2022 Sydney property market forecasts\u2022 Brisbane property investment opportunities\u2022 Capital growth property strategies\u2022 Property cycles in Australia\u2022 Negative gearing and tax strategy\u2022 Interest rates and their impact on property\u2022 Buyer\u2019s agent insights and investment planning   If you\u2019re serious about building a high-performance property portfolio and creating financial freedom through real estate, this podcast will give you the clarity and strategy you need.   Learn more at:https:\/\/propertyupdate.com.auhttps:\/\/metropole.com.au ","author_name":"Property Investment & Wealth Creation Australia | The Michael Yardney Podcast","author_url":"https:\/\/michaelyardneypodcast.com.au","html":"