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Edition: 94

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Edition 94

  • 30 January 2015

Gaining exposure to share markets: active management versus low costs, smart beta, listed investment companies. What the NBN will mean for service providers. Long term investing. Postcard from Burma.

The opportunity cost of low fee structures

Beware the investor who knows the price of everything but the value of nothing. While fees are important, fund managers should ultimately be evaluated based on their ability to add value to a portfolio.

Capital management techniques in LICs

Many capital management techniques are used by LICs in an attempt to narrow or eliminate the discount at which the price trades relative to net tangible assets – all with varying success.

The potential of smart beta

Capital-weighted index funds have been providing investors with low cost exposure to equity markets for 40 years. Now we have the potential of smart beta to consider as an alternative to active and index funds.

Who’ll win in our National Broadband Network future?

Telstra’s competitive advantage in regional areas may be under threat after the National Broadband Network is rolled out because wholesale costs are expected to equalise for smaller retail service providers.

Why long term investing is not easy

Long term investing makes sense for the majority of investors who have time on their side, but it isn’t always easy. Unexpected events will test your resolve so it’s important to know how to improve your chances.

Burma diary: how millions of people make a living

Observations while cruising Burma's Irrawaddy River show how many people in the developing world earn their living. It's a reminder of how fortunate we are to live in a country with greater opportunities.

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Why it’s time to ditch the retirement journey

Retirement isn’t a clean financial arc. Income shocks, health costs and family pressures hit at random, exposing the limits of age-based planning and the myth of a predictable “retirement journey".

Australia's retirement system works brilliantly for some - but not all

The superannuation system has succeeded brilliantly at what it was designed to do: accumulate wealth during working lives. The next challenge is meeting members’ diverse needs in retirement. 

Australian stocks will crush housing over the next decade, 2025 edition

Two years ago, I wrote an article suggesting that the odds favoured ASX shares easily outperforming residential property over the next decade. Here’s an update on where things stand today.

The 3 biggest residential property myths

I am a professional real estate investor who hears a lot of opinions rather than facts from so-called experts on the topic of property. Here are the largest myths when it comes to Australia’s biggest asset class.

AFIC on the speculative ASX boom, opportunities, and LIC discounts

In an interview with Firstlinks, CEO Mark Freeman discusses how speculative ASX stocks have crushed blue chips this year, companies he likes now, and why he’s confident AFIC’s NTA discount will close.

Where to hide in the ‘everything bubble’

It might not be quite an ‘everything bubble’ but there’s froth in many assets, not just US stocks, right now. It might be time to stress test your portfolio and consider assets that could offer you shelter if trouble is coming.

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