April 14, 2016

Do investment principles stand test of time?

Time travel is a skill that would dramatically transform the world of the investor. Sadly, despite all the technological advances of the past two decades, the ability to go back or forward in time remains the realm of science fiction novels, not a killer app on an investor’s smartphone. While time travel may still be the domain of TV and film producers the passage of time is a real-world test for investment ideas even if – as we are constantly reminded – history is not a great predictor of future returns. Twenty years ago the movie Shine with Australia’s Geoffrey […]
April 7, 2016

Australia’s unclaimed money in 2016 = $1.2 billion dollars

From Kerry Packer to Christopher Skase, almost 1.3 million Australians — dead or alive — have money ready to be claimed from the Federal Government. The Government is calling on Australians to use a special search engine to check if some of the $1.2 billion tied up in old bank accounts, share dividends and life insurance is theirs. Some accounts hold just 5¢ while others have tens of thousands of dollars. One account holds more than $1 million. Kerry Francis Bullmore Packer, one of the country’s richest men who died in 2005, has $14,520 in three Westpac accounts that have […]
March 17, 2016

No such beast as an ‘SMSF-qualified’ property

For instance, Australian Securities & Investments Commission (ASIC) recently raised concerns about the marketing of properties as “Self Managed Super Fund (SMSF) qualified” and “SMSF friendly”. The regulator is understandably concerned that the promotions suggest that a category of property exists that is particularly suited to SMSFs. There is, of course, no such category of property. Whether a piece of real estate is an appropriate investment for an SMSF much depends on the circumstances of the fund and its members, whether the property is a worthwhile investment and, critically, a fund’s mandatory investment strategy. Further, SMSF trustees should only accept […]