I manage a $40 million Australian equity fund. It was great in the financial year ended June 30, 2018. The market was up 12 per cent and the fund was up 23 per cent. In the funds management game, that would have put us in the top 25 long-only funds in Australia. We began to…
I have rung a few of my UK contacts overnight and here are some British views on what is going in the UK: Theresa May won out over Jeremy Corben’s no-confidence vote in the UK – it was wholly expected. Brexit is not about politics, it is about the UK extracting themselves from the clutches…
In the last couple of months it has been all about “the market”. We have been more concerned with cash levels than stock selection and as one of my team said yesterday, you know something is wrong when the first word anyone says when they walk into the office is “Bugger” rather than “Let’s have…
As any broker can tell you. Volumes dwindle. Interest in the stock market (any market) gets progressively eroded if it doesn’t trend up. You need an uptrend to retain interest, an uptrend makes the stock market easy/popular/active. The longer the downtrend goes, the more the interest wanes. As the interest wanes the core function of…
Background: In March this year Bill Shorten pledged that should Labor win the upcoming election then from 1st July 2019 they will axe cash refunds for excess imputation credits paid to individuals and in superannuation funds. This would reverse the cash refund of imputation credits introduced by John Howard two decades ago. It would also…
Two of my kids are still at school and approaching that moment of decision, foisted on them by time, possibly unwillingly, when they are being told they have to decide what they are going to do after school, which, dauntingly, implies they have to answer the question, right now, “what am I going to do…
I have an article in The Age Money section. It's one to send to your kids. Click below and read it online (it helps it go viral), or you can read it below. Or just copy and paste the image and the link and send it to the kids by email. https://www.theage.com.au/money/investing/the-best-investment-in-the-whole-world-20180605-p4zjkr.html I have been…
Australian investors who want a diversified portfolio in a particular asset class without having to manage it themselves are able to Exchange Traded Funds (ETFs) on the ASX. ETFs are exchange traded on the ASX. That means you can buy and sell them on the ASX just like shares. They trade and settle in exactly…
In order to make any money in the stock market you need to focus on the unknown and stop wasting your time on the known. Every year the top and bottom performing stocks are not the stocks the market predicts most accurately, those stocks will hardly move, the big money is always in the stocks…
