In today’s Post we I talk about why Superannuation continues to be a good vehicle to plan for your retirement and accumulate assets. Remember, that even though the Government constitutes to tinker with and change it, the tax rate is still the lowest going around.
With their hair a little whiter, their step not quite so sure Still they march on proudly as they did the year before. Theirs were the hands that saved us, their courage showed the way Their lives they laid down for us, that we...
In his inaugural address as U.S. President Franklin D. Roosevelt famously said that the only thing we have to fear is fear itself. The relevance of this quote became apparent to me today as I read an article from USA today titled Is fear factor hurting returns of risk-averse investors?.
Great article last weekend in The Washington Post about why Voters should pay attention to politics. Investors should ignore it. Barry Ritholtz writes regularly for The Post and has a great blog called The Big Picture which I can highly recommend you check out.
I saw an interesting article in the paper over the weekend about the level of preparedness by people for retirement. Whilst I generally understood that many people were unprepared, after all we see it almost every day, the figures were still quite alarming to look at.
On the back of CBA yesterday releasing another whopping profit and increasing their dividend, coupled with the news that online trading at the Commsec website is up 50% in the past 3 months, there are many out there talking up the Bulls in the market.
It seems that no matter where you look today there is someone talking about gold, be it people looking to get better returns than the very modest rates on offer from banks to those looking for a defensive asset that will weather the storm of the next financial crisis.
Happy New Year and welcome to 2013, I’m not sure we were going to make there for a while, I know that in the lead up to New Year’s I was terrified that I was going to fall off a cliff. Miraculously though, right at the last minute the cliff turned out to be nothing more than a small ditch although, after momentarily dipping into it and then emerging on the other side, I was quickly told that a much bigger cliff awaits me a few months down the road.
The Fiscal Cliff as explained by Montgomery Burns of the SImpsons
The Hyperion Effect's insight:
I wrote a couple of weeks ago about the Fiscal Cliff however with no resolution yet forthcoming and the din from the media getting louder I thought we should address it again, this time through the eyes of others.
Everyone hates taxes right?, if you don’t then you are probably in the minority. Lord knows that we have heard that tax word over and over again when it comes to things like the Carbon Tax, The Mining Tax and the countless myriad of taxes we all pay each day, probably many of them unknowingly.
So the Presidential Election has been run and done in the U.S with Obama being returned. As I was watching these events unfold I began considering what impact this might have on the stock market so I plugged the query into the good old Google machine which produced some interesting results.
When the Government announced proposed changes to superannuation last month, the headlines talked about taxing of funds with balances above $2m, however the devil was in the detail as my colleague, Michael van Schaik explains in this clip.
With the news in the lead up to Easter focusing heavily on the problems in Cyprus with their banking system on the verge of a collapse it again provided the press with ample fodder to write about the next crisis that was going to doom us all.
Today’s post has been some time coming. I started writing this around April last year, or more appropriately I saw the cartoon 12 months ago, and for one reason or another it slipped down the list. However on stumbling across it again, I realized that whilst simple it gives a very powerful message.
In news out a month or so ago, Kodak exited chapter 11 bankruptcy in the U.S. after selling off almost 1,000 of the patents it have accumulated over the past 100 plus years as a company. Whilst Kodak hasn’t disappeared completely there is a long list of well known global companies that have fallen by the Wayside.
I read with some amusement this past week that ANZ had revised its forecast of interest rates cuts here in Australia for 2013. Originally their economists had ‘predicted’ that there would be 100 basis points slashed off rates during the year.
I had a dream my life would be…….So different from this hell I’m living………So different now from what it seemed………Now life has killed the dream I dreamed. With this song storming up the charts on the back of the Les Miserables movie its getting a bit of airtime and as I was listening to it the other day the final verse of the song got me thinking about what dreams we have.
Another year over and for our final post of 2012 (I’m taking a couple of weeks off) we have a guest author. Jim Parker is a Vice President at Dimensional Fund Advisers and has been a journalist in the financial media for over 30 years.
I knew it was coming, as predictable as night follows day, I knew that after the National Australia Bank released some less than exciting write downs which resulted in a large fall in their share price that it was only a matter of time before we started getting calls for the old switcheroo.