Global Markets Summary The dramatic turnaround in global equity markets from the coronavirus-induced slump in March continued in the September quarter, although prices fell back in the final month of the quarter after global benchmarks hit record highs. News headlines in the quarter were dominated on the one hand by hopes [Read More]
“The most fundamental problem of politics is not the control of wickedness but the limitation of righteousness” Henry Kissinger Regardless of political creed or levels of interest, the one thing we can safely agree on is that the Trump presidency hasn’t been boring. Comparisons with the 2016 presidential race are [Read More]
In an environment of diminishing income returns a different approach to funding cashflow is required. This approach seeks to take advantage of the diversification benefits and growth potential from lower yielding assets and adopting a ‘total return’ mindset.
Since I last wrote in this column on 31 March there has been tremendous change. The way we live, the way we work, the way we engage with each other and the way we think about the future. Some of the change has been good, much of it terrible, and there is plenty that we’re still not sure about.
To make sense of this seemingly impossible dichotomy of rising markets and deteriorating fundamentals, we need to look more deeply into the stock market’s composition.
Any rational assessment of current market prices needs to factor in the huge increase in the money supply that has been spawned by global governments’ ‘whatever-it-takes’ intervention to support markets, businesses, and workers.
Perhaps the most common misconceptions about the share market is that it is directly linked to a nation’s economy. This is simply not the case. History shows time and again that markets can perform well when the economy is slowing and vice versa.
Whilst still far from a certainty, we sense the odds of a vaccine being developed appear to be shortening. Researchers around the World are racing to develop a vaccine with more than 140 candidate vaccines now being tracked by the World Health Organisation (WHO).
For investors, the real danger of crises such as this one is the possibility of suffering a permanent loss of capital. For the most part, this eventuality typically stems from one of four (mostly avoidable) strategies. Let’s have a look at each of these in turn: Exposed or Leveraged Stocks: [Read More]
The one thing we know with certainty with bear markets is that they will eventually end. The problem of course is working out when. In market speak, “capitulation” is the point where everybody has had enough, when investors can take no more pain, the bears have sold everything they had [Read More]
In The Media
Australian Investors Association November 22, 2020 The Pros and Cons of Financial Advice for your SMSF
Australian Investors Association November 22, 2020 US Election recap (were the pollsters wrong?)
ABC Regional Radio November 10, 2020
ABC Regional Radio August 18, 2020
ABC Regional Radio May 27, 2020
ABC Regional Radio April 30, 2020
Australian Financial Review April 20, 2020 Finance Roundup – “Coronavirus latest, RBA not immune and Super Tuesday”
ABC Regional Radio March 02, 2020
ABC Regional Radio February 04, 2020
Australian Financial Review January 29, 2020