“Mum, where do returns come from?”

“Mum, where do returns come from?”

There are many theories about why most “active” fund managers fail to consistently outperform their benchmarks. It takes many years of study and market experience to become a portfolio manager, but good results are often elusive. One theory is that there...
Many Happy Returns

Many Happy Returns

As a new financial year gets underway in Australia, the media tends to be full of outlooks about what investors can expect for the 2018/19 financial year. These pieces are often entertaining to read, but can be even more so a year later. Given Australians’ large...
Ten Years, Twenty Headlines

Ten Years, Twenty Headlines

Have you read the news today? Chances are there’s something happening in the world with the potential to keep you awake at night. But while it’s one thing to follow the news, it’s another to act on it in a way that can backfire on you as an investor. Journalists...
Rainy day investing

Rainy day investing

Australia, earth’s driest continent, experienced national rainfall in 2017 that was 8% above the historical average. The year was the 30th wettest on record, according to the Bureau of Meteorology. But the story is more complicated than that. While rainfall...
The Unfair Advantage

The Unfair Advantage

What do you think will give you a larger portfolio value at 65: saving $12,000 pa for 10 years or $12,000 pa for 20 years? Believe it or not, saving for 10 years is the answer – only if those 10 years are at the early stages of your working life. An investor...