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Edition: 62

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Edition 62

  • 16 May 2014

Budgets and the fiscal discipline of Labor and Liberal, poetry for investors, the difference between risk and ambiguity aversion, allowing for investment cycles and imminent changes to SMSF receipts.

Budget time and Labor v Liberal on fiscal discipline

When comparing the fiscal disciplines of left- and right-leaning parties, do the stereotypes prevail? This first part of a three-part series looks at which parties have produced more federal surpluses and deficits.

Poetry for investors

Despite previous failed attempts to inject a bit of the humanities into technical minds, we are reminded that Goethe, Elliot and other great poets actually can provide insights and wisdom to make for better investors.

You have an aversion to what? Is it risk or ambiguity?

We may already know how risk averse we are when it comes to investing, but how much of this is affected by ambiguity aversion. A better understanding of financial products could improve the investment choices we make.

Investors need to allow for future cycles

Economic and investment market cycles do not make for a comfortable ride when making investment decisions and they’re not about to disappear despite numerous smoothing attempts. Face it, cycles just happen.

Changes to SMSF contribution methods

If your SMSF receives contributions from an unrelated employer, you need to prepare now for changes to the way contributions are received which come into effect on 1 July. Paper transactions will soon be a thing of the past.

First Home Saver Account benefits abolished

The benefits in the First Home Saver Account were abolished in this week's budget, removing an excellent first home savings vehicle, even for the 46,000 people who already have one.

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The strange effect of the 30% minimum capital gains tax

The 30% minimum tax on capital gains sits at the heart of the budget's proposed reforms. Yet the mechanics reveal anomalies that introduce unexpected distortions that raise questions about its design.

High quality businesses are on sale

Beneath the dominance of the ASX's largest stocks, much of the market has been left behind. High-quality companies are now trading at levels rarely seen, offering opportunities for investors willing to look deeper.

Does your will qualify for the discretionary testamentary trust exemption?

Treasury has confirmed the exemption many families were hoping for. But buried in the fine print are two conditions that could leave some wills on the wrong side of the exemption, despite years of careful planning.

Ranking three common retirement strategies

The defining challenge of retirement isn't just about building wealth, it's about converting your lifetime savings into sustainable income. A holistic understanding of different strategies can improve long-term outcomes.

Welcome to Firstlinks Edition 667 with weekend update

The downfall of the giant and three lessons for investors.

  • 18 June 2026

Are you making these SMSF mistakes?

After four decades advising investors, there are a few common mistakes I've seen SMSF investors make. From holding too much cash and chasing yield to overtrading and trusting tips. Are these errors costing you?

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