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Home / Author: Rick Cosier

Rick Cosier

There’s no such thing as an average investor

Models, statistics, historical data and forecasts can paint a picture of the average investor, but just who is average? Financial planning and investment decisions need to consider the individual.

Wealth managers need a new car not a faster horse

Sit through a dozen fund manager presentations and they all start to sound the same. There's been little significant innovation in the managed funds industry in the last 15 years. Why is this and what are the consequences?

Price statistics in the (un)real estate market

Auction clearance rates are often quoted as a barometer of the health of the residential real estate market, but do they really reflect what is happening after the bidding stops?

Lessons from 32 years of investment returns

Future returns from different asset classes are always uncertain and subject to contrary forecasts, but there are useful lessons from the past. As Shakespeare wrote in The Tempest, "What is past is prologue."

Everyone needs a plan

We cannot afford to ‘make things up as we go along’. We need a plan that addresses short, medium and long term goals, and we need to take action to address those goals now, not later.

Is a ‘transition to retirement’ pension worthwhile?

If you are between 55 and 59 years old, the merit of a transition to retirement pension depends on a complex set of variables. But it is worth doing the numbers.

Latest Updates

Planning

Does your will qualify for the discretionary testamentary trust exemption?

Treasury has confirmed the exemption many families were hoping for. But buried in the fine print are two conditions that could leave some wills on the wrong side of the exemption, despite years of careful planning. 

Lithium's latest drop and what it means for ASX investors

Lithium's latest sell-off has punished ASX miners as prices remain hostage to shifting expectations. The key challenge is navigating a market prone to extreme volatility despite a strong case for the long-term demand outlook.

Investment strategies

CGT reform and fund turnover: who really feels the impact?

The implications of CGT reform are far and wide. As the 50% discount gives way to inflation indexation, turnover and return profiles may become critical drivers of after-tax performance. Some strategies face a far greater hit. 

Superannuation

Super was built for a very different Australia

Our retirement system was built around assumptions that no longer hold. Lower homeownership, longer lifespans and changing expectations are exposing cracks that policymakers and super funds need to address. 

Retirement

Retirement in reality - 4 months in

Many people spend years planning financially for retirement but little time preparing for what comes next. Four months in, here are the surprising lessons i've learnt on finding purpose, social connection and healthy habits. 

Investment strategies

After the Budget, Australia needs its own definition of quality

As tax reforms reshape investment incentives, investors should rethink what quality investing means in the uniquely concentrated Australian market, where traditional frameworks may not translate as effectively.

Datacenters are the new shale oil

Why are tech giants pouring billions into datacentres when the economics look questionable? The most dangerous words in investing may be: "everyone else is doing it". Today's AI boom has striking parallels with the shale bust.

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