Thoughts on money, from a Financial Planner in Perth
Do you think that Governments in Australia will ever realise the impact their decisions can have in a country to relies on foreign capital to the extent that Australia does? In the face of wildly flutuating commodity prices – driven by massive, temporay global stimulus efforts and a surfeit of hot and fast speculative money – … Read more
An interesting news feed passed across my screen this morning (courtesy RWE AusBusiness News; via Coretrading market software). It seems that wages in the three months to February grew by 1.1%. Frankly, even i yawned at that. However, the year-on-year figures are where the real interest begins. It seems that in the year to February, AWOTE … Read more
The recent market falls are interesting in light of the very bouyant market conditions. That is, credit is more available than it has been for some time, global volatility measures are down considerably on where they were during the Global Financial Crisis, trade has lifted considerably (with large year-on-year increases), and central governments have acted … Read more
Far from me to sit on my porch playing the fiddle, while watching the business district i live in being burned to the ground. That once-magnificent newspaper, the Australian Financial Review, yesterday headlined the changes in the financial industry as some institutions move to drop commissions from their products. All very laudable steps. Follow the … Read more
What is speculating? What is investing? There are different versions of this but a very good one was put forward by Peter Thornhill this morning in his delivery to those assembled for the current Perpetual update (Perpetual is a major fund manager in the Australian market, with an active, value “style”). Peter’s delivery was focussing … Read more
This is just a quick note to comment on the wildly erratic gyrations on the US stockmarket overnight. It seems that speculation, fear and quite possibly a few incorrectly processed trades have resulted in the kind of near-meltdown that we have seen in the past – except that this time the actual basis of the … Read more
Sensational headlines are becoming commonplace in the financial world. Once the preserve of the gossip rags or mass circulation dailys, it seems that drama has become the daily grist of the financial media. We are in strange times indeed. The reason for this note is to consider just how well Australia is positioned right now, … Read more
Monday morning and we sit down to digest the raft of professionally prepared updates from various analysts who have spent the weekend poring over the Federal Government’s announcements on tax simplification. The documents released on the government website are beautifully written. Someone has clearly invested a lot of time and energy distilling some fairly difficult … Read more
Now it makes a bit more sense… Why had the industry funds been making such a push for banning commissions, to the point where you could argue that their members’ funds were being used to pay for a campaign that didn’t actually improve the position of the members (because their members were already in funds … Read more
Just a quick note today… With the broohah surrounding the government announcements on legislating to remove commissions from superannuation and investment accounts there are all sorts of comments being made on the likely impacts – some more informed than others. Feedback in a number of online forums suggests that many people are happy with the … Read more