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Wednesday, 20 October 2021
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The second wave of COVID-19 sweeping Victoria and the resulting lockdown have taken a huge toll on the state's economy and its population. Was the government's reaction heavy-handed or necessary?
Following on from our April 2020 COVID survey, how have your opinions and circumstances changed? Have government policies been effective? How has your portfolio fared? What does 'the other side' look like?
Only 17% of our readers think we have seen a market bottom, and there's debate about the L, U or V shaped recovery. While most of the Government's actions are supported, checking has been lax.
Three Morningstar resources are available to Firstlinks readers to assist in the current market turmoil. A short Hamish Douglass interview, detailed US research into the virus and a special trial offer.
Last week's poll on whether equity managers should be holding large allocations of cash had more than 400 responses. Disclosure is the key to keeping investors happy.
Our sincere thanks for the amazing personal stories of how wealth was built by hard work or where some were not as fortunate. Another 600 readers have taken part in the survey since the last update.
Rather than compare results against APRA's benchmark, large super funds which failed the YFYS performance test are using another measure such as a CPI+ target, with more favourable results to show their members.
RBA Governor, Philip Lowe, says that surging house prices are not as important as full employment, but a previous Governor, Glenn Stevens, had other priorities, putting the "elevated level of house prices" first.
Two prominent fund managers with strongly opposing views and techniques. Cathie Wood thinks Tesla is going to US$3,000, Rob Arnott says it's already a bubble at US$750. They debate valuing growth and disruption.
Four key materials are required for battery production as we head towards 30X the number of electric cars. It opens exciting opportunities for Australian companies as the country aims to become a regional hub.
Estimating the value of a company based on a multiple of earnings is a common investment analysis technique, but it is often useless. Multiples do a poor job of valuing the best growth businesses, like Microsoft.
The ability to adapt to change makes a company more likely to sustain today’s profitability. There are five value chains plus a focus on cashflow and asset growth that the 'transition winners' are adopting.
At the start of COVID, the Government allowed early access to super, but in a strange twist, others were permitted to leave money in tax-advantaged super for another year. It helped the wealthy and should not be repeated.