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Investing

Time for a Super Shakeup

What I’m about to share with you could possibly be the biggest change to superannuation since I wrote my book, The Barefoot Investor: The Only Money Guide You’ll Ever Need, a few years ago. But first, a cute analogy to explain how Aussie super works: Retail super funds, those owned by the banks and AMP, […]

Investing

Your Advice Got Us Fired

In 15 years of answering readers’ questions, I have never, ever received one like this: Subject:  “YOUR ADVICE GOT US FIRED!” Dear Scott, My girlfriend and I are both scuba diving instructors, and after reading your book we decided to set up a salary-sacrifice contribution arrangement with our employer. Six months down the line I […]

Investing

The Fed gives stocks free rein to run. Can the rally continue?

Last week’s Federal Reserve (Fed) meeting proceeded largely as expected, but a very important development for stocks occurred during the follow-up press conference. As expected, the Fed decided to cut rates by 25 basis points. Additionally, in its announcement, the Fed removed the language that stated it would “act as appropriate to sustain the expansion.” […]

Investing

India Is NOT the next China

Comparisons to China are plentiful when considering the Indian economy and its growth potential. While we share a lot of optimism about India, it faces challenges that demand a more circumspect approach. We have been students of India for the past two decades, and recently had the great privilege of inviting Professor Vijay Joshi, an […]

Investing

Tactical Asset Allocation Views – Q4 2019

Macro outlook and tactical asset allocation Global growth below trend and decelerating The global economy is rapidly decelerating, and we expect all major regions and countries around the world to grow below their trend rate of economic growth over the next few quarters, and at least through the first half of 2020. For the past […]

Investing

Third Fed rate cut could be the last in 2019

As expected, the Federal Reserve (Fed) cut the federal funds rate band by 25 basis points from 1.75%–2.00% to 1.50%­–1.75%.1 Changes in the text of the Federal Open Market Committee statement, as well as information provided in the press conference, indicate that the Fed believes it is done cutting interest rates unless economic conditions continue […]

Investing

Peak Globalization? Not!

With the trade conflict still at the forefront of the geopolitical scene, it has become quite fashionable to say we have reached peak globalization. By that, the prognosticators mean the flow of goods and services will now likely come down. From a political standpoint once again, given the rhetoric across the world – whether it […]

Investing

Is the bad news priced in?

Financial markets have been driven largely by five factors over the recent year. Considering these drivers of recent market behavior, I see a significant possibility that the market is overly pessimistic about the outlook. The five market drivers are: Slowing US economic growth. Growth has been steadily slowing since the middle of 2018 as the […]

Investing

Global Debt Outlook: Slowing growth has led to monetary easing around the world

Watch Hemant’s outlook Watch Meral’s outlook The third quarter continued to see weaker global growth, led primarily by the rest of the world as the US surprised to the upside after what had been much-lowered expectations. As anticipated, global growth slowed, and policymakers responded by moving towards easier monetary conditions in almost every major global […]

Investing

The case for active management in gold and precious metals mining equities

Academics and market watchers alike have long debated the relative merits of active versus passive management. We approach the issue from the perspective of a practical investor, recognizing the need for both management styles. We believe that there are segments of the market where either active or passive management can offer a distinct advantage, but […]

Investing

It’s time to knock out Dollarmites

Today I feel like a financial Rocky Balboa. See, I’ve been fighting CommBank’s Dollarmites for 15 long years … and haven’t so much as landed a punch. By rights, my trainer should have thrown in the towel and put me out of my misery. After all, I’ve been fighting a $142 billion company, with 50,000 […]

Investing

Your clients want to talk about their kids’ future

Most advisors spend considerable time getting to know and understand their clients. Still, the latest edition of our Generations Projects survey, which focuses on high-net-worth (HNW) investors, suggests there are opportunities for advisors to redouble their efforts to comprehend clients’ goals and strengthen their engagements with clients. A number of advisors in our industry are […]