For years, active fund managers have offered a plausible defence against the rise of passive investing.
The traditional argument for active management is that when volatility rises, stock returns diverge and uncertainty increases, skilled managers should be able to exploit inefficiencies and outperform. On the other hand, passive funds simply buy the ...
As a Financial Planner and SMSF Specialist Advisor with over two decades helping families take control of their super, I’ve seen it all. Every week I speak to people who’ve been approached about setting up a Self-Managed Super Fund (SMSF). Some of those approaches are genuine, but many are not.
Too often, what looks like helpful advice is really a ...
Australia’s housing-affordability debate usually centres on prices, deposits and interest rates. Less attention is paid to mortgage terms.
Thirty years has become the conventional Australian home-loan term, but there is nothing sacrosanct about that number. If the price of housing has structurally increased relative to household income, it is ...
The inventors of artificial intelligence (AI) have variously promised the transformation of civilisation, a cure for cancer, the code to ageing, limitless clean energy, economic abundance, personalised medicine, and the ability to compress decades of scientific research into weeks by automating complex discovery.
All that might eventually be true – ...
Reporting season has delivered a clear message: the market is no longer paying simply for quality, resilience or an earnings beat. It is paying for change in earnings expectations.
The largest share price reactions occurred where results materially altered the market's view of a company's earnings trajectory. Companies demonstrating an earnings ...
Australian investors have traditionally relied on two primary sources of income: dividend-paying shares and bank hybrids. More recently, private credit supplemented these income sources.
Each offered a compelling proposition. Equities and bank hybrids delivered attractive post-tax income and private credit offered an illiquidity premium in exchange for ...
Many Australian investors continue to maintain portfolios heavily concentrated in domestic blue-chip stocks. Historically, that approach has come at a significant cost.
Over the 12 months, the Australian market has returned less than 1% whilst the US market has returned ~20%. And over the last 20 years, the Australian market has produced a compound ...
Strong earnings, higher dividends and plenty of surprises featured in this year’s August reporting season, but the headline numbers only tell part of the story.
While resources and healthcare emerged as clear winners, banks faced a tougher outlook and consumer-facing businesses continued to feel the effects of a more cautious economy. The result is an ...
There is an old quote famously attributed to Aristotle.
"Give me a child until he is seven and I will show you the adult."
Now whether he actually said this is impossible to determine. I suspect the ancient Greeks have suffered the same fate as Buffett. Every vaguely profound observation eventually gets attributed to them. Nevertheless, the idea has ...
The Retirement Income Covenant requires superannuation trustees to help retirees maximise income, manage risks and maintain flexible access to capital.
Among the most significant challenges are longevity, investment and inflation risks, which can all affect the sustainability and stability of retirement income.
While much of the debate focuses on ...
The wealthy were never the borrowers
Investors with substantial wealth generally have alternatives to borrowing inside super to acquire property. They can often buy outright or use borrowing arrangements outside super that offer greater flexibility and liquidity. Limited recourse borrowing matters to a different group: people with enough super to be ...
Many investors think of the share market as a multiple-choice test with just two answers. An investment is either good or bad. Find the good investments and you get rewarded.
In reality investing is a multiplayer game. The people you are playing against matter in the outcome you achieve.
A company’s future earnings matter, but how they compare with ...
For years, active fund managers have offered a plausible defence against the rise of passive investing.
The traditional argument for active management is that when volatility rises, stock returns diverge and uncertainty increases, skilled managers should be able to exploit inefficiencies and outperform. On the other hand, passive funds simply buy the ...
As a Financial Planner and SMSF Specialist Advisor with over two decades helping families take control of their super, I’ve seen it all. Every week I speak to people who’ve been approached about setting up a Self-Managed Super Fund (SMSF). Some of those approaches are genuine, but many are not.
Too often, what looks like helpful advice is really a ...
Australia’s housing-affordability debate usually centres on prices, deposits and interest rates. Less attention is paid to mortgage terms.
Thirty years has become the conventional Australian home-loan term, but there is nothing sacrosanct about that number. If the price of housing has structurally increased relative to household income, it is ...
The inventors of artificial intelligence (AI) have variously promised the transformation of civilisation, a cure for cancer, the code to ageing, limitless clean energy, economic abundance, personalised medicine, and the ability to compress decades of scientific research into weeks by automating complex discovery.
All that might eventually be true – ...
Reporting season has delivered a clear message: the market is no longer paying simply for quality, resilience or an earnings beat. It is paying for change in earnings expectations.
The largest share price reactions occurred where results materially altered the market's view of a company's earnings trajectory. Companies demonstrating an earnings ...
Australian investors have traditionally relied on two primary sources of income: dividend-paying shares and bank hybrids. More recently, private credit supplemented these income sources.
Each offered a compelling proposition. Equities and bank hybrids delivered attractive post-tax income and private credit offered an illiquidity premium in exchange for ...
Many Australian investors continue to maintain portfolios heavily concentrated in domestic blue-chip stocks. Historically, that approach has come at a significant cost.
Over the 12 months, the Australian market has returned less than 1% whilst the US market has returned ~20%. And over the last 20 years, the Australian market has produced a compound ...
Strong earnings, higher dividends and plenty of surprises featured in this year’s August reporting season, but the headline numbers only tell part of the story.
While resources and healthcare emerged as clear winners, banks faced a tougher outlook and consumer-facing businesses continued to feel the effects of a more cautious economy. The result is an ...
There is an old quote famously attributed to Aristotle.
"Give me a child until he is seven and I will show you the adult."
Now whether he actually said this is impossible to determine. I suspect the ancient Greeks have suffered the same fate as Buffett. Every vaguely profound observation eventually gets attributed to them. Nevertheless, the idea has ...
The Retirement Income Covenant requires superannuation trustees to help retirees maximise income, manage risks and maintain flexible access to capital.
Among the most significant challenges are longevity, investment and inflation risks, which can all affect the sustainability and stability of retirement income.
While much of the debate focuses on ...
The wealthy were never the borrowers
Investors with substantial wealth generally have alternatives to borrowing inside super to acquire property. They can often buy outright or use borrowing arrangements outside super that offer greater flexibility and liquidity. Limited recourse borrowing matters to a different group: people with enough super to be ...
Many investors think of the share market as a multiple-choice test with just two answers. An investment is either good or bad. Find the good investments and you get rewarded.
In reality investing is a multiplayer game. The people you are playing against matter in the outcome you achieve.
A company’s future earnings matter, but how they compare with ...
