News

ATO scrutiny on SMSF Trustees re investment strategies

September 2019 The ATO in September 2019 have written to 18,000 SMSF trustees where they believe the Fund holds more than 90% of its investments in a single asset or in a single asset class. They are concerned that the Trustee’s investment strategy may not be in compliance with the Superannuation legislation.  In the letter…

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Inverse yield curve

September 2019 On 14 August, the three major US sharemarket indicators went into a tailspin; the Dow Jones Industrial Average was down 3.1 per cent, the S&P 500 2.4 per cent and the Nasdaq three per cent. And the villain in all this market selling? The inverse yield curve. For Australian investors waking up on…

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Reflections from an investor

August 2019 Written by Hamish Douglass, Chairman and Chief Investment Officer, Magellan Financial Group. Insights gathered from years of investing include thoughts on how to find the right investments, how to let investments work for you, risk management and the best temperament to have when investing. “Your goal as an investor should be simply to…

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Short term nerves trump long term wisdom

August 2019 Investors have a bad habit of doing the wrong thing in the wake of sharemarket lurches such as the one we are experiencing, basing their reaction on gut instinct rather than logic. Newspapers will blare “billions wiped off markets” and nervous investors will obey their overriding nervous sentiment and sell. “Australian shares lose…

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Coalition vs Labor – Budget 2019: What it means for investors

May 2019 Whichever major party finds itself in power after the imminent Federal Election, Australia’s retail investors can gain most reassurance from the fact that they will probably end up as beneficiaries of an income tax cut. Coalition Treasurer Josh Frydenberg pitched his Budget largesse at salary and wage earners but spread the net wide…