Growth Beats Income

I know a lot of you hold big holdings in banks for income, so have we, but it has, in hindsight, been one of the biggest Australian investment mistakes of the last five years. In the last five years, as you know, the banks have been pummelled. It all started with a Commonwealth Bank rights…

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Stock Market News: The Banks

IDEA OF THE DAY BANKS It has been a torrid few days for the banks with ANZ cutting its franking from 100% to 70% and WBC cutting its dividend from 94c to 80c and raising $2.0 billion in an institutional share placement at 2532c with a share purchase plan to come. WBC has dropped 6.6%…

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The Education Holy Grail

My nineteen-year-old daughter and I did our recreational boat operator’s course together. A day in a classroom and a day on the water. It was the first time I have been in the classroom in a while but I have to say, as a financial professional and a veteran of much financial education, there was…

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Is the sky falling

Stock Market News: The Sky is Falling

Here is a video you should all watch, it is on a website called LiveWire and you’ll find it in their top trending articles, for a reason. It is a video from a chap called Donald Amstad from Aberdeen Standard Investments. You have probably never heard of Aberdeen Standard Investments, but they are a large…

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Why The Big Funds Underperform

The press are carrying articles today talking about the performance of the biggest Super Funds. Here are the biggest 20 funds by size showing the size, number of Members, average balance and growth in member numbers or otherwise. I know there is this generally accepted view that fund managers always underperform and if you look…

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