Recently, I watched the hit Netflix series, Adolescence, and it was both confronting and depressing.
The show is about a 13-year-old boy accused of murdering a classmate. Well-known UK actor, Stephen Graham, plays the boy’s father and he also co-created the show. He says the inspiration for Adolescence came from reading about a recent spate of ...
A pop quiz: What percentage of migrants to Australia last year were skilled workers? I asked this question to a work colleague and her answer was 50%. I think that would be about ball-park consensus.
The actual number: 13%. And that’s split between skilled workers on permanent visas (6%) and skilled workers on temporary visas (7%).
There’s a widespread ...
I’ve been at this investing game a long time. Long enough to see cycles repeat themselves, cycles that I literally thought I would never again see. Yet in finance, everything repeats. You just need to keep your discipline and recognize things for what they are.
Let’s take a step back and start with a bit of a disclaimer. I’m an old-school investor. If ...
Scott McNealy, the co-founder of Sun Microsystems, delivered the burial rites for the dot-com bubble with a quote that should be chiselled into the marble of big bank headquarters and the RBA board room.
Assessing his company’s own ludicrous stock price, he said:
At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues ...
Depending on who you ask, you’ll get the answer you want on the ASX reporting season. There have been enough positive surprises, earnings upgrades and share price reactions to support a bull(ish) view and there have been enough disappointments, earnings downgrades and share price declines to support a bear(ish) view. But truth told, this is always the ...
Phoenix has long discussed the importance of assessing governance in its investment process. The much-repeated Charlie Munger quote “show me the incentives and I will show you the outcome,” rings as true today as when he first said it. As such, we have maintained a preference for internally managed vehicles over those managed externally by fund ...
As a holder of bank hybrids in my super fund, I have recently been pondering the APRA-confirmed phasing out of ASX-listed bank hybrid securities from January 2027. This follows APRA and ASIC concerns over complexity risk.
More technically, these are Additional Tier 1 (AT1) capital instruments, which together with Common Equity Tier 1 (CET1), consisting ...
Jensen Huang, CEO and co-founder of Nvidia, has begun offloading a chunk of his personal stake in the company. He recently he sold 100,000 shares worth almost US$15 million. That’s only the start. According to SEC filings, Huang’s trading plan allows him to sell up to 6 million shares over the next 12 months, roughly US$865 million at today’s ...
Recently, I attended the 50th birthday party of a good friend and amid the celebrations, the conversations took an unexpected detour.
Naturally at these events, there’s talk of what people are up to, how their children are and what commonly held friends are up to.
However, the conversation quickly turned to parents and their various ailments. Given ...
Interviews with politicians are normally bland affairs though this one was anything but.
In late November last year, as politicians were preparing for a coming election campaign, Dave Marchese of Triple-J’s youth-oriented Hack program interviewed the Housing Minister, Clare O’Neil.
The interview came soon after the government had rolled out policies to ...
The Australian government has “an appetite to be bold and ambitious” in its economic reform agenda. Here, we serve some food for thought – the taxation of owner-occupied housing. This may seem distasteful, but there are some strong arguments for doing so.
Tax breaks for owner-occupied housing are very large
The size of tax concessions for ...
Our clients are getting older. I guess we all are. But in an SMSF, older clients face different challenges. One we’re being asked about a lot at the moment in particular goes something like this:
An example
Ted is 80, a widower. He’s the only member of his SMSF and it owns a property worth $2.4m (the fund bought it a while ago for $1.7m). It has been a ...
Recently, I watched the hit Netflix series, Adolescence, and it was both confronting and depressing.
The show is about a 13-year-old boy accused of murdering a classmate. Well-known UK actor, Stephen Graham, plays the boy’s father and he also co-created the show. He says the inspiration for Adolescence came from reading about a recent spate of ...
A pop quiz: What percentage of migrants to Australia last year were skilled workers? I asked this question to a work colleague and her answer was 50%. I think that would be about ball-park consensus.
The actual number: 13%. And that’s split between skilled workers on permanent visas (6%) and skilled workers on temporary visas (7%).
There’s a widespread ...
I’ve been at this investing game a long time. Long enough to see cycles repeat themselves, cycles that I literally thought I would never again see. Yet in finance, everything repeats. You just need to keep your discipline and recognize things for what they are.
Let’s take a step back and start with a bit of a disclaimer. I’m an old-school investor. If ...
Scott McNealy, the co-founder of Sun Microsystems, delivered the burial rites for the dot-com bubble with a quote that should be chiselled into the marble of big bank headquarters and the RBA board room.
Assessing his company’s own ludicrous stock price, he said:
At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues ...
Depending on who you ask, you’ll get the answer you want on the ASX reporting season. There have been enough positive surprises, earnings upgrades and share price reactions to support a bull(ish) view and there have been enough disappointments, earnings downgrades and share price declines to support a bear(ish) view. But truth told, this is always the ...
Phoenix has long discussed the importance of assessing governance in its investment process. The much-repeated Charlie Munger quote “show me the incentives and I will show you the outcome,” rings as true today as when he first said it. As such, we have maintained a preference for internally managed vehicles over those managed externally by fund ...
As a holder of bank hybrids in my super fund, I have recently been pondering the APRA-confirmed phasing out of ASX-listed bank hybrid securities from January 2027. This follows APRA and ASIC concerns over complexity risk.
More technically, these are Additional Tier 1 (AT1) capital instruments, which together with Common Equity Tier 1 (CET1), consisting ...
Jensen Huang, CEO and co-founder of Nvidia, has begun offloading a chunk of his personal stake in the company. He recently he sold 100,000 shares worth almost US$15 million. That’s only the start. According to SEC filings, Huang’s trading plan allows him to sell up to 6 million shares over the next 12 months, roughly US$865 million at today’s ...
Recently, I attended the 50th birthday party of a good friend and amid the celebrations, the conversations took an unexpected detour.
Naturally at these events, there’s talk of what people are up to, how their children are and what commonly held friends are up to.
However, the conversation quickly turned to parents and their various ailments. Given ...
Interviews with politicians are normally bland affairs though this one was anything but.
In late November last year, as politicians were preparing for a coming election campaign, Dave Marchese of Triple-J’s youth-oriented Hack program interviewed the Housing Minister, Clare O’Neil.
The interview came soon after the government had rolled out policies to ...
The Australian government has “an appetite to be bold and ambitious” in its economic reform agenda. Here, we serve some food for thought – the taxation of owner-occupied housing. This may seem distasteful, but there are some strong arguments for doing so.
Tax breaks for owner-occupied housing are very large
The size of tax concessions for ...
Our clients are getting older. I guess we all are. But in an SMSF, older clients face different challenges. One we’re being asked about a lot at the moment in particular goes something like this:
An example
Ted is 80, a widower. He’s the only member of his SMSF and it owns a property worth $2.4m (the fund bought it a while ago for $1.7m). It has been a ...
