Home / 235

Summer Series, Guest Editor, Gemma Dale

Welcome to this Summer Series edition of Cuffelinks. In theory, this time of year gives us an opportunity to take a break and come back refreshed and renewed for the new year. It is often also a time when we have the opportunity to read, think and consider more deeply those ideas and insights that may not get our closest attention during busier times.

In the spirit of reflection, and improving oneself, the five articles I’ve found most valuable to reconsider start with Cuffelinks Special 200th Edition article, collating the two most valuable pieces of advice that over 30 investment professionals would give their 20-year-old selves. This piece becomes richer with every read, and is peppered with gems that will help to improve my decision making for decades to come.

Having spent many years in the public eye as an SMSF specialist, I am regularly asked about property investment within superannuation. The borrowing rules and their application continue to inflate – and then dash - investor hopes and understanding how it works is still limited. Monica Rule’s excellent piece on how those rules apply to property development continues to hold true.

For those contemplating retirement, an investment concept that garners insufficient attention is sequencing risk. It's the risk of poor market performance early in the investment period, reducing the potential for longer term performance. Kevin O’Sullivan’s article should be read by all investors and professionals dealing with retirement.

I recently re-read Roger Montgomery’s piece, Bubbles and the corruption of risk, quoting Stanley Druckenmiller, formerly of the famous George Soros’ Quantum Fund. Druckenmiller references raisings for credit of dubious quality and Montgomery points to stretched equity valuations as having the potential to create a ‘phony asset bubble’. Nearly three years since this piece was written, equities have rallied strongly and credit markets have suffered no significant correction, but the warnings are there.

And finally, life is not all spreadsheets, as Jack Gray reminds us in Poetry for Investors. Sometimes the greatest insights come from the least likely sources.

A final honorary mention for Alex Denham’s powerful article on the aged care experience of her father. Alex has spent much of her career dissecting the complexities of the legislation governing super, tax, social security and aged care for financial planners and their clients. Utimately what matters is the experience of your loved ones, and how we care for them.

Gemma Dale, Guest Editor

Gemma Dale is Director, SMSF & Investor Behaviour at nabtrade.

RELATED ARTICLES

What is the new work test exemption?

Quick checklist for end of financial year

How super became a poor deal for SMSF pensioners

Most viewed in recent weeks

Most investors are wrong on dividend yield as income

The current yield on a share or trust is simply the latest dividend divided by the current share price, an abstract number at a point in time. What really matters is the income delivered in the long run.

My 10 biggest investment management lessons

A Chris Cuffe classic article that never ages. Every experienced investor develops a set of beliefs about how markets operate.

Seven major trends affecting Australians in retirement

Retirement planning will become increasingly complex in the face of trends in home ownership, wealth dispersion, life expectancy, health and aged care costs, work patterns and pension dependency.

Lessons from the Future Fund for retail investors

The Annual Report from Australia's sovereign wealth fund reveals new ways it is investing in fixed income and alternatives. The Fund considers its portfolio as one overall risk position with downside protection in one asset class allowing more risk in another.

Four companies riding the healthcare boom

There are strong demographic trends in ageing and consumer spending and investing in the right healthcare companies can ride this wave as well as produce better health outcomes for people. 

Five reasons SMSFs are making asset allocation changes

Substantial changes are underway in SMSFs which until recently held a narrow range of assets dominated by cash, term deposits and Australian equities. Trustees have never faced so many choices.

RateSetter

Sponsors

Alliances

Special eBooks

Specially-selected collections of the best articles 

Read more

Earn CPD Hours

Accredited CPD hours reading Firstlinks

Read more

Pandora Archive

Firstlinks articles are collected in Pandora, Australia's national archive.

Read more