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3 July 2024
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It’s always fascinating to look back on a financial year and see the winners and losers, and confirm how tough it is to pick the best asset class in advance. The Morningstar Asset Class Gameboard for 2016/2017 shows the order from best to worst was:
Asset allocation is more important for long-term returns than stock selection, although within each asset class, there are significant successes and failures. For example, last year there was a dramatic difference in performance among Australian A-REITs and it was the big stocks than pushed the overall index down.
These equity returns are far higher than most analysts expected a year ago, and the ‘lower for longer’ has yet to play out. International Equities has hit the jackpot in four of the last five years. Will it do it again?
More important than looking back is what the future brings. We attach three quick questions on which asset class you expect to come first and last in this new year, and how you expect the S&P/ASX200 Total Return Index (including dividends) to perform. The survey is linked here or can be completed below, and will take less than a minute to complete.
I predict that even though no one can predict future performance, that will not stop people making predictions. I also predict that my prediction will be 100% correct.
I should add that hopefully there will be a few apprentices that listened to me when they were working with me over the years.Sadly I don't think they did,it can be very mentally tiring fighting the crowd for decades.
I have no idea.Strategy will be the same as for decades.Retired now so a bit for DRP and a lot to spend as annual income in retirement. More years of listening to experts and crowds telling me how much how I have been wrong for decades,I didn't $ cost average,I didn't diversify,I didn't rebalance on a regular basis.I didn't pay experts for advice and I didn't follow crowds. I think there will be some very happy charities that get the income from however many millions are left behind.They will be happy that I was cantankerous young bugger that grew into a cantankerous old bugger.
Flat US market and a correction there in October 2017 will mean that we get dragged down too. When Wall Street sneezes, we get a cold.
No idea, can't predict it, so won't be altering any strategy.
Morningstar's full report on asset class returns for all terms out to 10 years updated to 31 December 2017, plus standard deviations (volatility) of returns in each asset class, a 'risk' measure often overlooked by investors.
Morningstar’s asset class gameboard for 2015 updates how each asset class has performed over the last 20 years, and shows that no single asset class consistently outperforms the others.
There seems to be more confusion than clarity about the mechanics of how the new $3 million super tax is supposed to work. Here is an attempt to answer some of the questions from my previous work on the issue.
Washington H. Soul Pattinson is an ASX top 50 stock with one of the best investment track records this country has seen. Yet, most Australians haven’t heard of it, and the company seems to prefer it that way.
We are often quoted life expectancy at birth but what matters most is how long we should live as we grow older. It is surprising how short this can be for people born last century, so make the most of it.
A new report suggests Australian housing is twice as expensive as that of the US and UK on a price-to-income basis. It also reveals that it’s cheaper to live in New York than most of our capital cities.
Here are 10 rules for staying happy and sharp as we age, including socialise a lot, never retire, learn a demanding skill, practice gratitude, play video games (specific ones), and be sure to reminisce.
There’s an epidemic in Australia that has nothing to do with COVID-19, the flu, or the respiratory syncytial virus. This one is called FORO, or the fear of running out of money in retirement, and it's a growing problem.
The best way to lose money in markets is to chase the latest stock fad. Conversely, the best way to build wealth is by pursuing a timeless investment strategy that won’t be swayed by short-term market gyrations.
Australian consumers have held up remarkably well amid rising interest rates and inflation. Yet, there are increasing signs that this is turning, and the weakness in consumer spending may last years, not months.
The nine lessons include there is always a cycle, the crowd gets it wrong at extremes, what you pay for an investment matters a lot, markets don’t learn, and you need to know yourself to be a good investor.
It's that time of year when investors sell underperforming stocks at a loss to offset capital gains from profitable investments. This tax-loss selling is creating opportunities in three quality ASX stocks.
Across the globe, leaders are concerned about the fallout from declining birth rates and shrinking populations. Australia, though attractive to migrants, mirrors global birth rate declines, and faces its own challenges.
Australians are paying almost two billion dollars in credit and debit card fees each year and the RBA wil now probe the whole payment system. What changes are needed to ensure the system is fair and transparent?
Many Australians neglect key retirement planning tools. Investment bonds are increasingly valuable as they facilitate intergenerational wealth transfer and offer strategic tax advantages, thereby enhancing financial security.