06
Mar

Why I still love dividends and you should love them too

Prior to the 1960s most share investors were long-term investors who bought stocks for their dividend income. Investors then started to focus more on capital growth as bond yields rose relative to dividend yields on the back of rising inflation. However, thanks to an increased focus on investment income as baby boomers retire, interest in dividends has…
19
Feb

Five great charts on investing - why they are particularly important now

Investing seems to be getting more and more complex. Ever increasing complexity in terms of investment products and choices, regulations and rules around investing, the role of social media in amplifying the noise around investment markets and the increasing ways available to access various investments are all adding to this complexity.
04
Feb

Oliver's Insights - Australian housing downturn Q&A - how bad will it get

The housing cycle and house prices always incite high interest in Australia. Until recently it was all about surging prices and poor affordability – particularly in Sydney and Melbourne. Over the last year it’s turned into how far prices will fall and what’s the impact on the economy.
16
Jan

2019 - a list of lists regarding the macro investment outlook

2017 was a great year for well diversified investors – returns were solid (balanced super funds returned around 10%) and volatility was low. So optimism was high going into 2018 but it turned out to be anything but great for investors who saw poor returns (average balanced super funds look to have lost around 1-2%) and volatile…
07
Jan

The Fed and market turmoil - the Fed turns a bit dovish but not enough (yet)

Three years after it first started raising interest rates in this cycle the Fed has increased rates for the ninth time, raising the Fed Funds rate another 0.25% to a target range of 2.25-2.5%. While this was largely anticipated by markets, the Fed was less ...
18
Dec

The Australian economy in 2019 - house prices, growth and interest rates - another cycle extension

This note looks at the main issues around the housing downturn and what it means for the economy and investors.
11
Dec

Review of 2018, outlook for 2019 - another cycle extension

After the relatively low volatility and solid returns of 2017, the past year has seen almost the complete opposite with high volatility and poor returns. It started strongly in January but started to get messy from February. At a big picture level things were fine ...
28
Nov

Corrections, gummy bears and grizzly bears in shares

While global and Australian shares had a nice bounce from their late October lows – rallying about 5%, partly reversing their 10% or so top to bottom fall, they have since fallen back to their lows as the worries about US rates, bond yields, trade, tech stocks, etc, have morphed into broader concerns about global growth and…