Order of Returns Matter
“In theory, there is no difference between theory and practice. But in practice, there is.” Benjamin Brewster In the subject…
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Teams require variety; so does your portfolio.
If you are into team sports, you know that a great team requires a diverse range of talents and skills…
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2018-19 saw a rough ride for investors but it turned out okay
Introduction The past financial year saw a roller coaster ride for investors. Share markets plunged into Christmas only to rebound…
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Australian growth will be constrained but here’s nine reasons why recession is unlikely
Introduction For some time our view has been a less upbeat on the Australian economy than the consensus and notably…
The 2019 Australian Federal election and investors
The Federal Election Some might be forgiven for thinking the wheels have fallen off Australian politics over the past decade…
Why I still love dividends and you should love them too
Introduction Prior to the 1960s most share investors were long-term investors who bought stocks for their dividend income. Investors then…
Five great charts on investing – why they are particularly important now
Introduction Investing seems to be getting more and more complex. Ever increasing complexity in terms of investment products and choices,…
2019 – a list of lists regarding the macro investment outlook
Introduction 2017 was a great year for well diversified investors – returns were solid (balanced super funds returned around 10%)…
Review of 2018, outlook for 2019 – another cycle extension
2018 – a lot weaker than expected After the relatively low volatility and solid returns of 2017, the past year…
Are shares expensive?
Introduction Some commentators claim shares are way overvalued and so a crash is inevitable. As always, it’s a lot more…
Boom turns to bust – falling Australian home prices. How far and for how long and what’s the impact on the economy?
Introduction Australian capital city home prices have fallen for 12 months in a row and are down 4% from their…
Seven lessons from the Global Financial Crisis for investors
Introduction The period August to October is a time for anniversaries of financial market crises – the 1929 share crash,…
Investment returns over the next five years are likely to slow
Introduction The past five years have seen pretty good returns for well-diversified investors. While cash and bond returns have been…
Nine keys to successful investing
Introduction In the rough and tumble of investment markets its very easy to get distracted: by talk of the next…
2017-18 saw strong returns for diversified investors – but there’s a few storm clouds around
Introduction The past financial year saw solid returns for investors but it was a story of two halves. While the…
Putting the global “debt bomb” in perspective – seven reasons to be alert but not alarmed
Introduction Here’s my forecast: “The global economy is going to have a significant downturn and record levels of debt are…
An additional 21 great investment quotes
Introduction Investing can be frustrating and depressing at times, particularly if you don’t understand how markets work and don’t have…
The 2018-19 Australian Budget – saving a windfall with the hope of (decent) tax cuts to come
Introduction The 2018-19 Budget will be the last before the next election (due by May 2019) and so had to…
The pullback in shares – seven reasons not to be too concerned
Introduction The pullback in shares seen over the last week or two has seen much coverage and generated much concern.…
2018 – a list of lists regarding the macro investment outlook
Introduction Although 2017 saw the usual worry list – around President Trump, elections in Europe, China, North Korea and Australian…
Review of 2017, outlook for 2018 – still in the “sweet spot”, but expect more volatility ahead
2017 – a relatively smooth year By the standards of recent years, 2017 was relatively quiet. Sure there was the…
The medium term investment return remains constrained
Introduction The last five years have seen strong returns for diversified investors thanks to double digit gains in shares (after…
Five great charts on investing for income (or cash flow)
Introduction The low interest rates of recent times along with periodic turmoil in investment markets has provided us with a…
Where are we in the global investment cycle and what’s the risk of a 1987 style crash?
Introduction This month of October often creates apprehension amongst investors given its historic track record with the 1929 and 1987…
Will Australian House Prices Crash? five reasons why it’s more complicated than you think!
Introduction A common narrative on the Australian housing market is that it’s in a giant speculative bubble propelled by tax…
Where are we in the search for yield?
Introduction For some time now, the investment world has been characterised by a search for decent yield paying investments. This…
The Global Financial Crisis 10 years on- Lessons learned and can it happen again?
Introduction It seems momentous things happen in years ending in seven. Well, at least in the last 50 years starting…
The threat of war with North Korea- Implications for investors
Introduction Tensions with North Korea have been waxing and waning for decades now but in recent times the risks seem…
Five great charts on investing
Introduction Investing is often seen as complicated. And this has been made worse over the years by the increasing complexity…
2016-17 saw strong returns for investors – 5 reasons why returns are likely to be solid in 2017-18
Introduction The past financial year turned out far better for investors than had been feared a year ago. This was…
From goldilocks to taper tantrum 2.0 – a bit of turbulence hits markets. 3 reasons not to be fussed.
Introduction For much of this year, there has been a surprising divergence between share and bond markets with shares up…
The 2017-18 Australian Budget – pragmatism and fairness rule
Introduction The 2017-18 Budget has much to make it popular. In fact, the goodies make it almost feel like a…
A further 21 great investment quotes
Introduction The basics of successful investing are timeless and some investors (often the best) have a knack of encapsulating these…
The Australian economy and profits – seven reasons to be upbeat
Introduction For the last few years we have heard constant predictions of a recession in Australia as the mining boom…
Outlook for 2017
Introduction Despite a terrible start to the year and a few political surprises along the way, 2016 saw good returns…