Register For Our Mailing List

Register to receive our free weekly newsletter including editorials.

Home / 3

Edition 3

  •   22 February 2013
  •      
  •   

Welcome from Chris Cuffe

Two weeks after the publication of the first Cuffelinks newsletter, we have about 1,700 subscribers and over 25,000 page views on our website. Thanks for your interest and for passing it around to your friends and colleagues.

We mark this edition by calling out two big SMSF milestones: $500 billion in total assets and 500,000 SMSFs in operation, based on the ATO’s estimate of December 2012 and the strong markets of 2013. It’s ironic that Graham Hand writes about a service which may be preferable for many SMSF trustees, the lesser-known ‘super wraps’.

We’ve been asked whether articles from Cuffelinks can be republished without requesting our permission. We want to share ideas, opinions and comments with as wide an audience as possible, and as long as Cuffelinks (name and website address) and the author are acknowledged as the source, you are free to put our material on your website or wherever, and forward articles to other people.

It was pleasing this week to read useful feedback on my article about what financial planning is worth paying for, with some of the comments attached to last week’s article. Informative alternative approaches to strategic advice.

Elsewhere in this edition, we have the third and final article by Paul Keating, this one on the need to defend dividend imputation; Andrew Bloore of SuperIQ gives his views on the value of super; David Bell provides a timely critique of APRA’s Standard Risk Measure; Rick Cosier writes a primer on insurance, as valuable in a financial plan as investing; and Aaron Minney explains why you need to know the difference between arithmetic and geometric returns. Chris

Top articles from Cuffelinks, 22 February 2013, Edition 3

  • Dividend imputation and super are worth fighting for P J Keating
  • Is APRA’s Standard Risk Measure helpful? David Bell
  • Do we really need superannuation? Andrew Bloore
  • Self managed super’s best kept secret Graham Hand
  • The insurance essentials Rick Cosier
  • Understanding arithmetic and geometric returns Aaron Minney

View email | Download PDF

 

  •   22 February 2013
  •      
  •   

 

Leave a Comment:

banner

Most viewed in recent weeks

Building a lazy ETF portfolio in 2026

What are the best ways to build a simple portfolio from scratch? I’ve addressed this issue before but think it’s worth revisiting given markets and the world have since changed, throwing up new challenges and things to consider.

Get set for a bumpy 2026

At this time last year, I forecast that 2025 would likely be a positive year given strong economic prospects and disinflation. The outlook for this year is less clear cut and here is what investors should do.

Meg on SMSFs: First glimpse of revised Division 296 tax

Treasury has released draft legislation for a new version of the controversial $3 million super tax. It's a significant improvement on the original proposal but there are some stings in the tail.

Ray Dalio on 2025’s real story, Trump, and what’s next

The renowned investor says 2025’s real story wasn’t AI or US stocks but the shift away from American assets and a collapse in the value of money. And he outlines how to best position portfolios for what’s ahead.

10 fearless forecasts for 2026

The predictions include dividends will outstrip growth as a source of Australian equity returns, US market performance will be underwhelming, while US government bonds will beat gold.

13 million spare bedrooms: Rethinking Australia’s housing shortfall

We don’t have a housing shortage; we have housing misallocation. This explores why so many bedrooms go unused, what’s been tried before, and five things to unlock housing capacity – no new building required.

Latest Updates

Economy

Making sense of record high markets as the world catches fire

The post-World War Two economic system is unravelling, leading to huge shifts in currency, bond and commodity markets, yet stocks seem oblivious to the chaos. This looks to history as a guide for what’s next.

Australia’s generous housing subsidies face mounting political risk

Mark Carney has spoken of a rupture in the rules based system that has governed the world since 1945. That rupture means nations like Australia will need to boost defence spending and find savings elsewhere.

Shares

Finding yield on the ASX

With ASX dividend yields now below government bond yields, investors face an upside-down market where income is scarce, growth is muted, and careful selection of bond-like stocks has never mattered more.

Investment strategies

Digging for value among ASX miners

ASX miners are back in favour after playing second fiddle to banks for years. Is it too late to get in? Here are some thoughts on the large caps such as BHP and Rio, and the hot gold mining sector.

Gold

It’s economic reality, not fear-based momentum, driving gold higher

Most commentary on gold's recent record highs focus on it being the product of fear or speculative momentum. That's ignoring the deeper structural drivers at play. 

Investment strategies

Asia in 2026: Riding AI, reform and a shifting global order

Tariff turmoil tested Asia, but AI leadership, policy easing and reform momentum are restoring investor confidence and strengthening the region’s outlook for 2026. 

Investment strategies

Investors beware: Bull markets don’t last forever

New research explains why high valuations, low dividends and bullish sentiment rarely coexist with strong long-term returns after extended bull markets. 

Sponsors

Alliances

© 2026 Morningstar, Inc. All rights reserved.

Disclaimer
The data, research and opinions provided here are for information purposes; are not an offer to buy or sell a security; and are not warranted to be correct, complete or accurate. Morningstar, its affiliates, and third-party content providers are not responsible for any investment decisions, damages or losses resulting from, or related to, the data and analyses or their use. To the extent any content is general advice, it has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892), without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Articles are current as at date of publication.
This website contains information and opinions provided by third parties. Inclusion of this information does not necessarily represent Morningstar’s positions, strategies or opinions and should not be considered an endorsement by Morningstar.