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…
Grandkids Folio. It was fascinating to read Henrys response to the ‘Ask Henry’ question about setting up a folio for a grandchild. We’ve ‘been there and done that’ and can totally support Henry’s advice. We set up a folio for our grandchildren quite some time ago. We looked at structures where they would be joint…
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…
