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Welcome to Firstlinks Edition 628

Welcome to Firstlinks Edition 628

A few months ago I had a debate with a prominent Australian economist who said that given the performance of US shares versus Emerging Markets over the past 15 years that super funds and investors would be silly to bet against that trend continuing. I took issue with it because I thought it was a little naïve to base predictions for the future on ...
Are LICs licked?

Are LICs licked?

Recently, I got this email from a subscriber, Pete: “Wondering if you might provide readers with another update on the current state of LICs [listed investment companies]. Andrew Mitchell and Steven Ng's article, “The catalyst for a LICs rebound”, published in June last year, was very insightful and I feel it’s time for a follow-up. As a long-term ...
We need a better scheme to help super fund victims

We need a better scheme to help super fund victims

The Compensation Scheme of Last Resort (CSLR) was sold as a fair, practical solution to restore trust in Australia’s financial services sector. It promised that when things go wrong, consumers wouldn’t be left stranded. But the reality is quite different. The scheme, in its current form, is deeply flawed—punishing the wrong people and failing the ...
We need a better scheme to help superannuation victims

We need a better scheme to help superannuation victims

The Compensation Scheme of Last Resort (CSLR) was sold as a fair, practical solution to restore trust in Australia’s financial services sector. It promised that when things go wrong, consumers wouldn’t be left stranded. But the reality is quite different. The scheme, in its current form, is deeply flawed—punishing the wrong people and failing the ...
5 charts every retiree must see…

5 charts every retiree must see…

Retirement should be a time to relax and reward yourself after decades of hard work. Yet, for many Australians, our golden years are filled with confusion, uncertainty, and a fear of running out of money. With 700 Australians retiring every day, and over 255,000 a year, it is crucial we provide older Australians with the tools and insight needed to ...
How bread vs rice moulded history

How bread vs rice moulded history

What’s your staple, bread or rice? This is a momentous fact, for it might have determined politics, culture, and wealth. How? Well, bread comes from wheat, and rice from… rice. Here’s where they’re farmed: Source: I dirtily composited two maps from The Decolonial Atlas. Wheat and rice are not harvested in the same places. Rice and bread are the ...
Small caps are catching fire – for good reason

Small caps are catching fire – for good reason

Welcome to the party, pal!” – John McClane It’s Christmas Eve 1988 in Los Angeles. Terrorist Hans Gruber and his band of German thugs have just crashed Nakatomi Plaza’s Christmas party and are looking to rob the joint. What Hans didn’t count on, though, is that NYPD cop John McClane is making a surprise visit to the Plaza to reconcile with his ...
Will we choose a four-day working week?

Will we choose a four-day working week?

The idea of a four-day work week is beguiling. Maybe we are feeling burned out or perhaps we are imagining what life could be like if AI does 20% of our work. The promise sounds fabulous: work less, live more and magically get the same or even greater productivity. It sounds like a more balanced, more human future. Those who champion the four-day work ...
Welcome to Firstlinks Edition 627

Welcome to Firstlinks Edition 627

This week, I got the news that my mother has dementia. It came less than two months after my father received the same diagnosis. I got the phone call about my mother on the same day as my son’s birthday. It turned into a day of jumbled emotions, from joy to sorrow, celebration to mourning, and reflections on getting old to being young and growing up. I ...
Super crosses the retirement Rubicon

Super crosses the retirement Rubicon

“Alea iacta est!” So declared Julius Ceaser, and the die was cast as he commanded his legion across the river Rubicon in 49 BCE, and into direct conflict with Rome. From that point, it was either defeat or glory. Two-plus millennia later, the phrase “crossing the Rubicon” is considered the point-of-no-return, a new phase from which fresh paths must be ...
Why gold may keep rising – and what could stop it

Why gold may keep rising – and what could stop it

This is an edited transcript of an interview between Firstlinks' James Gruber and David Tait, CEO of the World Gold Council in Sydney. James Gruber: Gold has been one of the best performing assets over the past few years – what’s the outlook from here, in your view? David Tait: I'm often asked this question and the way I've chosen to answer it is ...

Welcome to Firstlinks Edition 628

Welcome to Firstlinks Edition 628
A few months ago I had a debate with a prominent Australian economist who said that given the performance of US shares versus Emerging Markets over the past 15 years that super funds and investors would be silly to bet against that trend continuing. I took issue with it because I thought it was a little naïve to base predictions for the future on ...

Are LICs licked?

Are LICs licked?
Recently, I got this email from a subscriber, Pete: “Wondering if you might provide readers with another update on the current state of LICs [listed investment companies]. Andrew Mitchell and Steven Ng's article, “The catalyst for a LICs rebound”, published in June last year, was very insightful and I feel it’s time for a follow-up. As a long-term ...

We need a better scheme to help super fund victims

We need a better scheme to help super fund victims
The Compensation Scheme of Last Resort (CSLR) was sold as a fair, practical solution to restore trust in Australia’s financial services sector. It promised that when things go wrong, consumers wouldn’t be left stranded. But the reality is quite different. The scheme, in its current form, is deeply flawed—punishing the wrong people and failing the ...

We need a better scheme to help superannuation victims

We need a better scheme to help superannuation victims
The Compensation Scheme of Last Resort (CSLR) was sold as a fair, practical solution to restore trust in Australia’s financial services sector. It promised that when things go wrong, consumers wouldn’t be left stranded. But the reality is quite different. The scheme, in its current form, is deeply flawed—punishing the wrong people and failing the ...

5 charts every retiree must see…

5 charts every retiree must see…
Retirement should be a time to relax and reward yourself after decades of hard work. Yet, for many Australians, our golden years are filled with confusion, uncertainty, and a fear of running out of money. With 700 Australians retiring every day, and over 255,000 a year, it is crucial we provide older Australians with the tools and insight needed to ...

How bread vs rice moulded history

How bread vs rice moulded history
What’s your staple, bread or rice? This is a momentous fact, for it might have determined politics, culture, and wealth. How? Well, bread comes from wheat, and rice from… rice. Here’s where they’re farmed: Source: I dirtily composited two maps from The Decolonial Atlas. Wheat and rice are not harvested in the same places. Rice and bread are the ...

Small caps are catching fire – for good reason

Small caps are catching fire – for good reason
Welcome to the party, pal!” – John McClane It’s Christmas Eve 1988 in Los Angeles. Terrorist Hans Gruber and his band of German thugs have just crashed Nakatomi Plaza’s Christmas party and are looking to rob the joint. What Hans didn’t count on, though, is that NYPD cop John McClane is making a surprise visit to the Plaza to reconcile with his ...

Will we choose a four-day working week?

Will we choose a four-day working week?
The idea of a four-day work week is beguiling. Maybe we are feeling burned out or perhaps we are imagining what life could be like if AI does 20% of our work. The promise sounds fabulous: work less, live more and magically get the same or even greater productivity. It sounds like a more balanced, more human future. Those who champion the four-day work ...

Welcome to Firstlinks Edition 627

Welcome to Firstlinks Edition 627
This week, I got the news that my mother has dementia. It came less than two months after my father received the same diagnosis. I got the phone call about my mother on the same day as my son’s birthday. It turned into a day of jumbled emotions, from joy to sorrow, celebration to mourning, and reflections on getting old to being young and growing up. I ...

Super crosses the retirement Rubicon

Super crosses the retirement Rubicon
“Alea iacta est!” So declared Julius Ceaser, and the die was cast as he commanded his legion across the river Rubicon in 49 BCE, and into direct conflict with Rome. From that point, it was either defeat or glory. Two-plus millennia later, the phrase “crossing the Rubicon” is considered the point-of-no-return, a new phase from which fresh paths must be ...

Why gold may keep rising – and what could stop it

Why gold may keep rising – and what could stop it
This is an edited transcript of an interview between Firstlinks' James Gruber and David Tait, CEO of the World Gold Council in Sydney. James Gruber: Gold has been one of the best performing assets over the past few years – what’s the outlook from here, in your view? David Tait: I'm often asked this question and the way I've chosen to answer it is ...