I was playing golf over Easter with a few retirees. Post their annihilation, as usual with this demographic, our bar chatter turned to the hot topic of franking credits and Labor's plans to ban cash refunds. But of even more interest was the reiteration by my retiree golfing buddies that all they are interested in…
ASK YOURSELF HOW OLD YOU’D BE…IF YOU DIDN’T KNOW THE DAY YOU WERE BORN The Mule is a recent film produced and directed by Clint Eastwood. Eastwood is now 88 and plays the lead role as a grumpy old man who goes out kicking. It leaves you wondering whether the film doesn’t reflect a lot…
MAYDAY MAYDAY MAYDAY After a 17.33% rally in the ASX 200 since Christmas Eve and an RSI sell signal on the ASX 200 this morning and with May 1st being tomorrow, it is a pretty obvious call to say “Sell in May and Go Away”, yet again. I have written about the “Sell in May…
My article on Franking Credits on Livewire, click to read: BEST PERFORMING FUNDS We have systems that track fund manager movements. As a private investor you can track fund managers through their monthly or quarterly investment fund reports available on their websites. Almost all fund managers provide these monthly reports on their funds. These almost always…
In December last year, I wrote an article entitled “Nothing Terribly Wrong” talking about the market fears being overdone. At the time the ASX 200 was down 12% from the top. In hindsight, a marvellous thing, I wrote it ten days before the market bottomed. The markets have bounced. Let us revisit last year’s fears…
The obvious post-Hayne Royal Commission comment is that Bank executives with the wrong culture will be trying not to laugh at the recommendations. The AFR cartoon on the announcement of the recommendations: Some are calling it a waste of time. I think not. In hindsight the Hayne Royal commission was never going to have the…
Legal Advice will be done by computers with 100% accuracy instead of the human 70% accuracy. It’s already happening in the US with a company called IBM Watson. Don’t bother studying law. It will be for specialists only. Cancer will be diagnosed 4x more accurately by a nurse thanks to technology. At the moment the hospitals…
I don’t need to rewrite all the Royal Commission recommendations for you, so I’ll take those as understood. That said there are a few interesting observations this morning: Bank executives with the wrong culture will be trying not to laugh at the recommendations. Some are calling it a waste of time. I think not (see…
Holiday over. This year Emma and I hosted my brother’s family over from the UK, for a month. They say your relations are like fish. Fantastic when they are fresh but give it a week and they stink. Not so this time, we had a ball. But it was a lot of hard work. Sorting…
