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Edition: 15

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Edition 15

  • 17 May 2013

Lessons from Sir Alex Ferguson, Harry Markowitz and Don Stammer - what a trio! Plus variability of retirement income and the impact of budgets on the stockmarket.

The Harry Markowitz Interview: Retail financial advice

Nobel Laureate Harry Markowitz gave us the foundation of modern portfolio management in 1952, but he is now working on providing online retail financial advice and asset selection according to risk profiles.

How much variability exists in retirement outcomes?

Most financial plans focus on the amount of money required for a comfortable retirement, but knowing the variability of that outcome might change your mind on how much is enough.

The consequences of sustained budget deficits

The Federal Government should run balanced budgets over the economic cycle, otherwise uncertainties build up and costs are imposed because the bills still have to be paid somehow.

Federal Government budgets and their impact on the stockmarket

A look at history shows government deficit years and fiscal tightening have generally been good years for stockmarket returns. 2013-4 will most probably be a deficit year, as is 2012-3.

Leadership lessons from Sir Alex Ferguson

Sir Alex Ferguson is the most successful football manager of all time, but for many years he struggled at Manchester United. Here are some leadership lessons he demonstrated as his teams went on to win 38 trophies.

Most viewed in recent weeks

Noel Whittaker’s take on the budget

Marketed as a fix for inequality and housing affordability, the latest budget instead delivers a tangle of tax changes that leave everyday Australians worse off.

Australia has no death duties. Technically.

Australia may not levy formal death duties, but a growing web of tax measures is quietly shaping what wealth passes between generations. Now, the 2026 budget adds another layer.

How to minimise tax with a will

Inheritance tax implications in Australia may surprise some, as poor estate planning without proper wills or trusts can lead to costly tax bills and delays for beneficiaries.

Testamentary trusts post-budget: Estate planning, tax reform and the ‘death tax’ debate

Proposed Budget changes to taxation are casting new uncertainty over testamentary trusts, prompting closer scrutiny of estate planning structures and the real implications of reforms still taking shape.

Back to the future - Why indexing CGT is a good idea

A return to indexation of capital gains would be a fairer way to compensate households for the effects of inflation than the current discount. Importantly, it opens the door to future, broader reforms to stop the taxation of inflation.

The investment mistake killing your returns

Retail investors face an increasingly complex product environment, but simplicity may be the most overlooked advantage in building a portfolio you can actually live with.

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