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23 August 2026

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Edition 27

  •   16 August 2013
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Welcome from Chris Cuffe

Five heavy-hitters from the wealth management industry write for you this week. It's a diverse group of opinions, but nobody can doubt their expertise, credentials and thought-provoking views.

I was pleased when Roger Montgomery told his army of followers that he will now be writing his opinions and insights each fortnight for Cuffelinks. New registrations flowed in. This week, he argues that if you aren't willing to own an entire business for a decade, then you shouldn't own even one share for a minute.

Similarly, Ashley Owen shatters another well-worn market convention about the merits of diversification, proposing that we should specialise and focus on what we know and do best.

A warning. Both articles are a little longer than our norm, but they are interesting, non-technical stories worth spending a few minutes on.

Don Stammer gives his sage input on real and nominal interest rates, proffering that investors should prepare for rates to stay lower for longer than usual. And Pauline Vamos raises a hot issue that is close to my heart - that faced with the myriad of regulatory changes hitting financial services, the cost and complexity of implementation is dominating management time behind closed doors.

Another superannuation problem is the treatment of super pensions following the death of the pensioner. Thankfully, it has recently received legislative treatment, and Graeme Colley outlines the changes. A somewhat technical point but financially significant for everyone involved in estate planning and efficient tax outcomes for beneficiaries.

Cuffelinks is now posting its articles and other content on Twitter, and we welcome you following us by clicking here.

Chris

Latest posts from Cuffelinks, 16 Aug 2013, Edition 27

  • Airlines and indices Roger Montgomery
  • Nominal and real interest rates matter in different ways Don Stammer
  • Diversification works? Ashley Owen
  • Implementation is a hot issue Pauline Vamos
  • Death benefit pensions and the recent amendments Graeme Colley

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  •   16 August 2013
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