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Edition 33

27 September 2013

Welcome from Chris Cuffe

It's understandable to expect an event such as the US Government running out of money and being unable to borrow due to a debt ceiling to create disorder in markets. Ashley Owen takes a look in the history books and gains reassurance from what happened in 1995 in similar circumstances.

Regardless of whether US politics can sort itself out over the next couple of weeks, there are signs that market prices are at least full, if not at the expensive end. Roger Montgomery reminds us that buyers should resist the urge to invest more as valuations become stretched. Temper your natural instincts.

Fiona Reynolds watches Australia from a distance these days, and while many foreigners admire our retirement system, she is concerned that we are falling behind global trends on sustainable investing and fiduciary responsibilities.

The 83-year-old Warren Buffett has seen it all in his investing life, and he started with certain advantages which most investors will never have. Harry Chemay believes we can learn from the ways he has developed his approach to markets and opportunities.

Graham Hand takes a look at changes in the managed fund industry, showing it is not only double the size of 'noisy neighbour' SMSFs, but it has characteristics which will ensure institutional funds continue to thrive. It's also notable where flows are going, both by asset class and fund manager.

With all the talk this week on SMSFs buying property, including this from the Reserve Bank, here's our previous article on the subject, with a report on a property spruiking seminar that was quoted from in The Sydney Morning Herald.

Chris

Latest posts from Cuffelinks, 27 Sep 2013, Edition 33

US Government shut-down – been there, done that Ashley Owen
Expect disappointment as values become stretched Roger Montgomery
A pause for reflection Fiona Reynolds
We’re not like Buffett, but we can learn from him Harry Chemay
Managed funds reign over noisy neighbours, the SMSFs Graham Hand

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27 September 2013

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