28 July 2026

Recently trending

The strange effect of the 30% minimum capital gains tax High quality businesses are on sale Does your will qualify for the discretionary testamentary trust exemption?Ranking three common retirement strategies Welcome to Firstlinks Edition 667 with weekend update

Reader: "The BEST in the game because of diversity and not aligned to financial products. Stands above all the noise."

Ian Silk, CEO, AustralianSuper: "It has become part of my required reading: quality thinking, and (mercifully) to the point."

Noel Whittaker, author and financial adviser: "A fabulous weekly newsletter that is packed full of independent financial advice."

Reader: "An island of professionalism in an ocean of shallow self-interest. Well done!"

Reader: "Keep it up - the independence is refreshing and is demonstrated by the variety of well credentialed commentators."

David Goldschmidt, Chartered Accountant: "I find this a really excellent newsletter. The best I get. Keep up the good work!"

Reader: "Great resource. Cuffelinks is STILL the one and only weekly newsletter I regularly read."

Don Stammer, leading Australian economist: "Congratulations to all associated. It deserves the good following it has."

John Egan, Egan Associates: "My heartiest congratulations. Your panel of contributors is very impressive and keep your readers fully informed."

Andrew Buchan, Partner, HLB Mann Judd: "I have told you a thousand times it's the best newsletter."

Reader: "Love it, just keep doing what you are doing. It is the right length too, any longer and it might become a bit overwhelming."

Professor Robert Deutsch: "This has got to be the best set of articles on economic and financial matters. Always something worthwhile reading in Firstlinks. Thankyou"

Ian Kelly, CFP, BTACS Financial Services: "Probably the best source of commentary and information I have seen over the past 20 years."

Eleanor Dartnall, AFA Adviser of the Year, 2014: "Our clients love your newsletter. Your articles are avidly read by advisers and they learn a great deal."

Reader: "Is one of very few places an investor can go and not have product rammed down their throat. Love your work!"

Jonathan Hoyle, CEO, Stanford Brown: "A fabulous publication. The only must-read weekly publication for the Australian wealth management industry."

Reader: "I can quickly sort the items that I am interested in, then research them more fully. It is also a regular reminder that I need to do this."

Steve: "The best that comes into our world each week. This is the only one that is never, ever canned before fully being reviewed by yours truly."

Reader: "Best innovation I have seen whilst an investor for 25 years. The writers are brilliant. A great publication which I look forward to."

Rob Henshaw: "When I open my computer each day it's the first link I click - a really great read."

Scott Pape, author of The Barefoot Investor: "I'm an avid reader of Cuffelinks. Thanks for the wonderful resource you have here, it really is first class."

Reader: "I subscribe to two newsletters. This is my first read of the week. Thank you. Excellent and please keep up the good work!"

Reader: " Finding a truly independent and interesting read has been magical for me. Please keep it up and don't change!"

Reader: "Congratulations on a great focussed news source. Australia has a dearth of good quality unbiased financial and wealth management news."

John Pearce, Chief Investment Officer, Unisuper: "Out of the (many many) investmentrelated emails I get, Cuffelinks is one that I always open."

Reader: "Carry on as you are - well done. The average investor/SMSF trustee needs all the help they can get."

Reader: "It's excellent so please don't pollute the content with boring mainstream financial 'waffle' and adverts for stuff we don't want!"

Home / Author: Graham Hand

Graham Hand

Consider a LIC before you bite into equities

When the opportunity comes along to buy one of the long-established LICs at a good discount, it's the nearest thing to a free lunch the equity markets will give to a long-term investor.

Graham Hand
10 April 2013
3

Australian spending habits

* ASIC's Money Smart website shows what Australian households spend their money on. Expenditure averages $69,166 a year.

Graham Hand
9 April 2013

Sydney most expensive for a 'cheap date'

* Deutsche Bank issues a semi-annual 'cheap date' index, and the world's two most expensive cities are Sydney and Melbourne.

Graham Hand
9 April 2013

Minister's speeches and announcements

* Major announcements and speeches by the Minister in charge of superannuation, Bill Shorten, can be accessed on his website.

Graham Hand
8 April 2013

Government caps tax exemption on pension earnings

Here's the full Media Release of today's changes to superannuation, including capping the tax-free earnings from assets supporting a pension at $100,000 a year. The reforms will affect individuals with more than $2 million in super assets, or about 16,000 people in 2014-15. A concessional tax rate of 15 per cent will apply to earnings above $100,000.

Graham Hand
5 April 2013
6

Treasury paper on distribution of benefits

* The Treasury paper on distribution of super and pension benefits suggests the equity issue is only with the top 5% of income earners, and contributions tax for them is about to increase.

Graham Hand
5 April 2013

Firstlinks is sponsored by:

Latest Updates

Superannuation

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?

Marcus Padley
22 July 2026
19

Retirement

Retirement spending is not one-size-fits-all

New data challenges the idea that Australians are underspending their super. The bigger issue may be helping retirees navigate complexity, make confident decisions and use their savings to support security, wellbeing and choice.

Matt Werakso
22 July 2026
9

Taxation

The missing link in the CGT debate

A little-noticed consequence of Labor’s tax changes could have implications well beyond investors’ tax bills. The issue raises bigger questions about incentives, capital allocation and the drivers of long-term economic growth.

Tony Dillon
22 July 2026
28

Investment strategies

The surprising beneficiaries of the AI boom

While markets obsess over AI winners, a larger, more predictable growth engine is forming. A surge in electricity demand and infrastructure build‑out reveals the quiet, durable assets evolving beneath the AI story.

Tim Humphreys
22 July 2026

Superannuation

When losses in super become irreplaceable

The notion of 'you can afford more risk' assumes that losses can be replaced. Above a $2.1 million super balance the law says otherwise, and a worked example shows the refill takes decades, or never happens.

Trevor Schmid
22 July 2026
3

Retirement

Why I object to ‘hitting a number’ for retirement

Many investors dream of “hitting their number” and walking into retirement. But what if reaching that milestone is the moment they should be asking the tough questions? After all, there's a lot more to life than a high portfolio value.

Christine Benz
22 July 2026
1

Planning

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.

Rachael Rofe
15 July 2026
13

Register here to receive the Firstlinks newsletter for free

Alliances

Site Map

About Firstlinks

Disclaimer
The data, research and opinions provided here are for information purposes; are not an offer to buy or sell a security; and are not warranted to be correct, complete or accurate. Morningstar, its affiliates, and third-party content providers are not responsible for any investment decisions, damages or losses resulting from, or related to, the data and analyses or their use. To the extent any content is general advice, it has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892), without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Articles are current as at date of publication.
This website contains information and opinions provided by third parties. Inclusion of this information does not necessarily represent Morningstar’s positions, strategies or opinions and should not be considered an endorsement by Morningstar.