This week is the 5th anniversary of what most deem to be ground zero of the Global Financial Crisis. This time 5 years ago markets and the world were reeling from the Bankruptcy of Lehman Brothers, revelations that counter party agreements that AIG had within the financial system were threatening a cataclysmic meltdown and the freezing of credit markets was pushing the world to a precipice never seen before.
Australia is considered to be a unique place for investing, not because of the types of investments that we have, but more because of the way we go about investing. The introduction of compulsory superannuation, and the subsequent proliferation of Self-Managed Super Funds, has empowered many people to take greater control of their money and make critical decisions about where and how they should invest for their future.
Time is a relative thing and the perception of it depends greatly on both the individual and the context in which it is being viewed. Only two days ago Usain Bolt flew down the track to record a time of 9.77 seconds to win the World Championship for the 100 meters.
Spending some time in sunny California again getting more insights and learning more valuable lessons on how to help people align their financial choices with their goals and values along with implementing a comprehensive back office to help them keep their entire financial house in order.
The Hyperion Effect's insight:
Direct from Sunny California, 128 Years of Dow Components, Check out the cool interactive chart
We have written a few times on this blog about property bubbles and have previously included the great interactive chart that the Economist does on Global House prices at least annually. Well its that time again to take a look at it so today we have two charts for you which might put the word bubble into some context.
For those of you who saw the recent Q&A episode in Australia featuring Bill Gates you may have, like me, been impressed with how he has chosen to spend his time in ‘retirement’. He tackled a wide variety of issues in the Question and Answer sessions ranging from health and philanthropy to technology and his phenomenal personal wealth. There was also a very interesting question asked about the ‘Cult of Greed’ that capitalism has created for which he had a very interesting response.
We have often written about the issues surrounding listening to the market and the noise that comes from many regarding buys and sells. So I was somewhat unsurprised to read a recent article in the Wall Street Journal that provided some insights into the minds of the analysts that make the recommendations on buys and sells.
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.
I became aware last week of a very interesting fact that i found quite surprising. Apparently its the 40th birthday this year of what we know today as ‘Index Funds’ with the birth of the original fund occuring back in 1974 at the American National Bank in Chicago. In a recent article by Rex Sinquefield for Forbes Magazine, he recalls that back in those days it took about a decade for the idea to catch on.
This week is book week at many schools with kids encouraged to dress up as their favourite book character. My son went with Where’s Wally as his character and headed off to School on Monday in his outfit complete with stripey top and beany, walking stick and camera. We have a few of the books at home and he is always so damn hard to find, which of course is the point of the books, but is done very cleverly by hiding him in a mosaic of colours and movement, which brings us to this weeks chart.
With the 2013 financial year now behind us it is always interesting to go back and look at how things turned out, particularly when looking at what the ‘experts’ told us was going to happen. This year is an even more stark example of the perils of listening to the noise and focusing on the short term.
With it being year end and many people making the annual year end flurry of contributions we thought that we should look at some of the things investors should be doing before they make decisions on where they invest.
While the news in Australia is dominated by a slowing economy, a lacklustre retail environment, an alleged end to the mining boom and a high dollar killing our manufacturing, discussion has quite rightly turned to unemployment in the recent months.
No, not Johnson, James…..LeBron James who according to a recent Forbes article, in addition to being the best basketballer in the world is also its greatest shoe salesmen. On the back of one of the greatest 12 months runs in professional sport where he won a championship, a gold medal, was voted the league MVP and led his team on the second longest winning streak in the history of the NBA, he also helped Nike sell a few shoes.
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?.