30 April 2025

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Howard Marks: the investing game has changed Welcome to Firstlinks Edition 605 with weekend update Pros and cons of Labor's home batteries scheme Designing a life, with money to spare World's largest asset manager wants to revolutionise your portfolio

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Edition: 452

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Welcome to Firstlinks Edition 452 with weekend update

31 March 2022
2

Every Federal Budget is a balance of politics and economics. On Tuesday, Treasurer Josh Frydenberg handed out some short-term goodies leaving a few grenades for the other side of the election. There was little in the Budget on superannuation, which seems to have lost its proclivity as a fiscal punching bag. The bigger problem is where inflation and interest rates are headed. Plus conflicted commissions are back by reclassifying clients.

Conflicted selling fees are back, and it’s game on

Graham Hand
30 March 2022
34

If you thought fund managers were banned from paying commissions to financial advisers and brokers to prevent conflicts of interest, you have not kept up with the move to classify clients as wholesale investors.

Investing throughout economic cycles

Cameron McCormack
30 March 2022

Each stage in the economic cycle has unique characteristics that impact the relative performance of factors of individual shares that explain the long-term risk and return performance of an asset.

Two companies well-positioned amid supply chain disruption

Francyne Mu
30 March 2022
3

Supply chain pressures highlight the important role and economic value created by companies working to make our infrastructure more efficient. We review two logistics companies that are well positioned to perform.

The inflation inflection: Adjusting to the new paradigm

Ashok Bhatia
30 March 2022

The Covid-19 pandemic, and the range of policies aimed at mitigating its impact, has triggered a return to levels of inflation unseen for 40 years. Investors need to prepare for persistently higher inflation.

Embracing the bright side of population decline

Emma Davidson
30 March 2022
36

With global population expected to decline from 2064, it’s easy to focus on the negative economic outcomes. But what about the positives, such as wages growth, sustainability, and innovation and productivity improvements?

Yikes! Three critical factors acting on inflation and rates

Graham Hand
30 March 2022
2

Despite inflation rising as companies pass on price increases, the RBA is reluctant to increase rates. The market is pricing in a dozen rises by the end of 2023, but Philip Lowe will see a threat to his legacy.

Federal Budget 2022: A “magic election pudding”

Shane Oliver, Diana Mousina
30 March 2022

A budget windfall has allowed both more spending and lower budget deficits. But relying on nominal economic growth to reduce the deficit runs the risk that it could take a very long time to get debt levels back down.

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Howard Marks: the investing game has changed

The famed investor says the rapid switch from globalisation to trade wars is the biggest upheaval in the investing environment since World War Two. And a new world requires a different investment approach.

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Welcome to Firstlinks Edition 605 with weekend update

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Pros and cons of Labor's home batteries scheme

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World's largest asset manager wants to revolutionise your portfolio

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