It’s Tax Time – Tax Loss Selling

We are into June, and it’s time for financial advisers and accountants to start talking to clients about tax loss selling in stocks, something that we should probably all think about in May rather than June, but whatever. It works like this. Assuming you pay Capital Gains Tax, many of you don’t, on June 30th…

The One Stock Portfolio

The One Stock Portfolio

After I first wrote this article in 2009 and published it in The Age on Saturday, the stockbroker I worked  for at the time insisted that I include a disclaimer at the bottom of all my articles from then on saying “The opinions in this article are those of Marcus Padley and do not represent…

ASX Education: The inefficient market hypothesis

INEFFICIENT MARKET HYPOTHESIS You may have heard of ‘EMH’, the ‘efficient market hypothesis’. Anyone who’s read the introduction to any text book on financial theory can tell you all about it. EMH basically says that you can’t beat average returns because the markets are at all times “informationally efficient”, that is to say all prices…

Retirement Today: Crystal Ball

Looking out of our hotel room window in a small town in Portugal I noticed an oversized parking meter with a car connected by cable.  It wasn’t a parking meter it was an electric car recharging point.  It made me reflect on the number of electric cars we see in Europe and on the dominance…

Marcus Padley working as a stock broker in London

ASX Education: Ten Investment Rules

I have been writing the Marcus Today newsletter for over twenty years and read something called “Farrell’s Rules” over thirty years ago. There is an article about ‘Farrell’s Ten Rules’ below which you might find interesting, but as I read them, I realise they are a bit old, and I’m sure we can do better.…