The concept for this article has been unashamedly stolen from Warren Buffet although it has been given an an Australian flavour. He expounded the US version in a speech in 1984 commemorating the fiftieth anniversary of the book Security Analysis by Benjamin Graham and David Dodd, the bible of value investing. He called his speech…
Why invest? “Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn’t, pays it” – Albert Einstein. “Money makes money, and the money money makes, makes more money” – Benjamin Franklin. Why should we be investing our money? Seems a simple question that should have a simple…
Leave it to the Grandkids? Reading the ABC News web site, as is my habit, I came across an interesting article by Owain Emslie and Danielle Wood discussing a report from the Grattan Institute on inheritances. The Grattan Institute is well known for its support of an inheritance tax to fix the country’s budget problems…
CLICK HERE FOR GLOSSARY A-H I Imputation credit – Tax credits passed on to a shareholder who receives a franked dividend. Imputation credits entitle investors to a rebate for tax already paid by an Australian company Indicators – Analytical tools used by technical analysts to help them select shares. Inflation – The increase in…
FINANCIAL GLOSSARY If you find errors or omissions please email us – Click Here A Australian Clearing House – ACH – The Australian Clearing House Pty Ltd, the subsidiary of ASX which clears options and futures traded on the ASX. Australian Financial Services Licence – A licence granted by ASIC that authorises a person…
Goodman Group is a global integrated property company, engaged in owning, developing and managing industrial property and business space in the markets across the world. The principal activities are investment in directly and indirectly held industrial property, property services, property development (including development management) and fund management. GMG’s segments include Australia and New Zealand, Asia,…
Marcus has updated this article for 2020 with the new average return numbers. You can find the updated article HERE We had a question on the Marcus Today Stock Discussion Group on Facebook asking: “Silly question but Marcus mentioned the average market return is about 9%, I assume that is capital growth and dividends included?”…
“DAD, WHAT IS THE BEST INVESTMENT IN THE WHOLE WORLD?” I have four kids. Three of them are now driving, which means that in the last five years we have gone from a ratio of two taxi drivers being taken for granted by four passengers to five taxi drivers and one passenger. While that has…
I have four kids. Three of them are now driving, which means that in the last five years we have gone from a ratio of two taxi drivers being taken for granted by four passengers to five taxi drivers and one passenger. While that has been a huge burden off our taxi driving duties, it…
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…
