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Edition: 154

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Edition 154

  • 6 May 2016

Well, that was quite a surprise! The superannuation reforms in the Budget are more radical than anyone expected. There are two ways to look at the changes: they are making the system more sustainable, and/or they are back-pedaling after encouraging people to build their superannuation balances since 2007. For those who are disappointed by the new limits, ask yourself this question: what would I have done differently versus putting money into super in the last decade if I had known these amendments would be introduced in 2016/2017?

In investing, patience is more than a virtue

Investors in share markets should benefit from letting patience and time do the work for their overall returns. The longer the time periods for rolling returns, the less volatile the market appears.

How do unlisted real estate funds generate high income returns?

Part 2 of this two-part series on unlisted real estate funds, or syndicates, looks at gearing, how returns are generated, and the different types of exit strategies.

Just how risky are hedge funds?

The commonly held belief that ‘hedge funds’ are riskier than ‘equities’ isn't necessarily true, depending on what type of risks you want to avoid. A few failures give the overall sector an undeserved reputation.

How to make in-house investment management work

Large superannuation funds are increasingly adopting in-house management of investments. There are many potential benefits, but the decision needs a framework and careful consideration.

Results from superannuation changes survey

The Reader Survey on potential superannuation changes showed again how passionate and engaged our readers are, attracting around 700 responses. Full details with comments show wide diversity of views.

Targeting of superannuation concessions

There are two massive changes to super in the Budget: a $1.6 billion cap on the amount that can be held in super tax-free, and a $500,000 lifetime cap on non-concessional contributions.

Superannuation and the budget (written pre-budget)

The quality of life for retirees and future tax-payers will rest on achieving a fiscal balance between supporting the aspiration of more self-reliant retirees and the continuation of a strong social safety net.

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Indexation implications – key changes to 2026/27 super thresholds

Stay on top of the latest changes to superannuation rates and thresholds for 2026, including increases to transfer balance cap, concessional contributions cap, and non-concessional contributions cap.

The refinery problem: A different kind of energy crisis in 2026

The Strait of Hormuz closure due to US-Iran conflict severely disrupted global energy supply chains. While various emergency measures mitigated the crude impact, the refined product market faces unprecedented stress.

3 ways to defuse intergenerational anger

With the upcoming budget increasingly likely to include bold proposals to alter the tax code I’ve outlined three incremental steps with fewer unintended consequences.

The missing 30%: how LIC returns are understated, and why it matters

The perceived underperformance of LICs compared to ETFs is due to existing comparison data excluding crucial information, highlighting the need for proper assessment and transparent reporting.

Little‑known government scheme can help retirees tap into $3 trillion of housing wealth

The Home Equity Access Scheme in Australia allows older homeowners to tap into their home equity for retirement income, yet remains underused due to lack of awareness and its perceived complexity.

Welcome to Firstlinks Edition 655 with weekend update

Many investors are on edge as geopolitical turmoil continues to impact markets, often leading to short-sighted actions. These are the three quotes that I’ve relied on during periods of volatility.

  • 26 March 2026

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