
Order of Returns Matter
“In theory, there is no difference between theory and practice. But in practice, there is.” Benjamin Brewster In the subject…
Read more“In theory, there is no difference between theory and practice. But in practice, there is.” Benjamin Brewster In the subject…
Read moreIf you are into team sports, you know that a great team requires a diverse range of talents and skills…
Read moreIntroduction The past financial year saw a roller coaster ride for investors. Share markets plunged into Christmas only to rebound…
Read moreIntroduction For some time our view has been a less upbeat on the Australian economy than the consensus and notably…
The Federal Election Some might be forgiven for thinking the wheels have fallen off Australian politics over the past decade…
Introduction Prior to the 1960s most share investors were long-term investors who bought stocks for their dividend income. Investors then…
Introduction Investing seems to be getting more and more complex. Ever increasing complexity in terms of investment products and choices,…
Introduction 2017 was a great year for well diversified investors – returns were solid (balanced super funds returned around 10%)…
2018 – a lot weaker than expected After the relatively low volatility and solid returns of 2017, the past year…
Introduction Some commentators claim shares are way overvalued and so a crash is inevitable. As always, it’s a lot more…
Introduction Australian capital city home prices have fallen for 12 months in a row and are down 4% from their…
Introduction The period August to October is a time for anniversaries of financial market crises – the 1929 share crash,…
Introduction The past five years have seen pretty good returns for well-diversified investors. While cash and bond returns have been…
Introduction In the rough and tumble of investment markets its very easy to get distracted: by talk of the next…
Introduction The past financial year saw solid returns for investors but it was a story of two halves. While the…
Introduction Here’s my forecast: “The global economy is going to have a significant downturn and record levels of debt are…
Introduction Investing can be frustrating and depressing at times, particularly if you don’t understand how markets work and don’t have…
Introduction The 2018-19 Budget will be the last before the next election (due by May 2019) and so had to…
Introduction The pullback in shares seen over the last week or two has seen much coverage and generated much concern.…
Introduction Although 2017 saw the usual worry list – around President Trump, elections in Europe, China, North Korea and Australian…
2017 – a relatively smooth year By the standards of recent years, 2017 was relatively quiet. Sure there was the…
Introduction The last five years have seen strong returns for diversified investors thanks to double digit gains in shares (after…
Introduction The low interest rates of recent times along with periodic turmoil in investment markets has provided us with a…
Introduction This month of October often creates apprehension amongst investors given its historic track record with the 1929 and 1987…
Introduction A common narrative on the Australian housing market is that it’s in a giant speculative bubble propelled by tax…
Introduction For some time now, the investment world has been characterised by a search for decent yield paying investments. This…
Introduction It seems momentous things happen in years ending in seven. Well, at least in the last 50 years starting…
Introduction Tensions with North Korea have been waxing and waning for decades now but in recent times the risks seem…
Introduction Investing is often seen as complicated. And this has been made worse over the years by the increasing complexity…
Introduction The past financial year turned out far better for investors than had been feared a year ago. This was…
Introduction For much of this year, there has been a surprising divergence between share and bond markets with shares up…
Introduction The 2017-18 Budget has much to make it popular. In fact, the goodies make it almost feel like a…
Introduction The basics of successful investing are timeless and some investors (often the best) have a knack of encapsulating these…
Introduction For the last few years we have heard constant predictions of a recession in Australia as the mining boom…
Introduction Despite a terrible start to the year and a few political surprises along the way, 2016 saw good returns…