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Edition: 33

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Edition 33

  • 27 September 2013

Worries about US Government shut-down, watch for stretched valuations, the view of Australia from London, learning from Buffett, and managed funds still reign over SMSFs.

US Government shut-down – been there, done that

The current US budget crisis will not be the first time its government has run out of money. Scary as this may sound to investors, the impact on markets of recent government shutdowns was different to what many expected.

Expect disappointment as values become stretched

When share prices are rising faster than corporate earnings, it is almost certain that the value available in the market is declining, and ultimately, value is a crucial driver of long term investment performance.

Managed funds reign over noisy neighbours, the SMSFs

Managed funds in Australia hold one trillion dollars in assets, double SMSFs at $500 billion. Compulsory superannuation flowing into retail and industry multisector funds will ensure managed funds continue to prosper.

A pause for reflection

Overseas, the Australian retirement incomes system is widely admired, but less so our changing attitudes to climate change, investing sustainably and understanding fiduciary responsibilities.

We’re not like Buffett, but we can learn from him

Which of Warren Buffett’s technical or personality characteristics could you genuinely incorporate into your investment decision-making process, given your unique blend of investment skills and behavioural traits?

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Little‑known government scheme can help retirees tap into $3 trillion of housing wealth

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Origins of the mislabeled capital gains tax ‘discount’

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2 billion reasons to fix retirement income

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Div 296 may mean your estate pays tax on assets your beneficiaries never receive

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