END OF DAY SUMMARY DECEMBER 12 2017

Click here to access today's Marcus Today newsletter Market summary ASX 200 up 15 to 5998 in quiet thin trade. High 6015 Low 5990. Dastyari quits Senate. ANZ sells Life business. TCL – Capital raise. AUD steady at 75.33c US futures up 21. Bitcoin CBOE futures kick off. System crashes. Bitcoin surging in volatile trading…

The fight between shares and property

Property Or Shares

  THE DIFFERENCE BETWEEN EQUITIES AND PROPERTY I cannot tell you how many times I have read that you double your money in Australian property investment every ten years. It is the core assumption in all property marketing it seems. Of course to make any money out of that implied 7 per cent return per…

The story of Ithaca

Ithaca

I wrote this article a few years ago – it might have been titled "Why are we here?". Ithaca is the island in Greece that Odysseus had so much trouble returning to in Homer’s Odyssey. On his way, he survives run-ins with the Cicones, Polyphemus (Cyclops to you), Circe, the Sirens, Scylla, the winds of…

Catholic or Private School

This was written in 2014…. A friend is trying to decide whether to send their child to the local Catholic School or the local Private School. They have a choice and have asked me to do a few numbers. Here’s the benefit of having the Lord by your side: If you assume that all other…

Tulipmania

When it comes to the stock market there are rallies and then there are bubbles. The media slips into ‘bubble jargon’ on a whim but Bubbles are rare. At the moment we are in the middle of an AI Bubble apparently, and a Crypto Bubble. But these aren't Bubbles, they are not going to be…

Stock Market Secrets: Hail Caesar Las Vegas

Stock Market Secrets – Hail Caesar

Anyone who’s been to Las Vegas will know what I mean when I say it’s a place that everyone has to visit but no one wants to stay. I tried to get married again. Elvis was prepared to pick us up from out hotel in a stretch limo, take us to the chapel, be our…