7 February 2026

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Building a lazy ETF portfolio in 2026 Get set for a bumpy 2026 Meg on SMSFs: First glimpse of revised Division 296 tax Ray Dalio on 2025’s real story, Trump, and what’s next 10 fearless forecasts for 2026

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Home / Author: Graham

Graham

Has FoFA become the Failure of Financial Advice?

In solving problems relating to conflicts and best interest duties, comprehensive financial advice has become so expensive that it will be increasingly confined to the wealthy. Is that what we want?

Graham Hand
11 September 2019
33

CFSGAM rebrands to First Sentier Investors

First Sentier Investors is the new name for Colonial First State Global Asset Management, completing the separation from CBA. It's the end of an era for the business Chris Cuffe led for 14 years.

Graham Hand
11 September 2019

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.

Graham Hand
5 September 2019
11
7

Magellan’s Vihari Ross on the players in the team

The companies that earn a place in an investment portfolio are like the players in a sporting team. They must perform strongly and complement each other, and not keep someone out who is better.

Graham Hand
28 August 2019
1
8

Alex Vynokur on how ETFs disrupted investing

ETFs are doing to funds management what Spotify did to music. All investors and product providers need to adapt. Active managers can no longer justify index hugging at active fees.

Graham Hand
20 August 2019
6
11

Welcome to Firstlinks Edition 319

A couple of weeks ago, a mate hosted his 70th birthday bash (thanks for asking, no, I am nowhere near that age). He was surrounded by his children, grandchildren and dozens of friends. As waiters brought out fine food and wine, he said the last few years had been the happiest of his life. As Paul Keating wrote in an early edition of Cuffelinks, the years from 60 to 80 should be about retirement living and lifestyle.

Graham Hand
14 August 2019
1
5

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Latest Updates

3 ways to fix Australia’s affordability crisis

Our cost-of-living pressures go beyond the RBA: surging house prices, excessive migration, and expanding government programs, including the NDIS, are fuelling inflation, demanding bold, structural solutions.

James Gruber
4 February 2026
27

Superannuation

The Division 296 tax is still a quasi-wealth tax

The latest draft legislation may be an improvement but it still has the whiff of a wealth tax about it. The question remains whether a golden opportunity for simpler and fairer super tax reform has been missed.

Tony Dillon
4 February 2026
13

Superannuation

Is it really ‘your’ super fund?

Your super isn’t a bank account you own; it’s a trust you merely benefit from. So why would the Division 296 tax you personally on assets, income and gains you legally don’t own?

Jon Kalkman
4 February 2026
11

Inflation is the biggest destroyer of wealth

Inflation consistently undermines wealth, even in low-inflation environments. Whether or not it returns to target, investors must protect portfolios from its compounding impact on future living standards.

Ashley Owen
4 February 2026
7

Picking the next sector winner

Global equity markets have experienced stellar returns in 2024 and 2025 led, in large part, by the boom in AI. Which sector could be the next star in global markets? This names three future winners.

Anna Wu
4 February 2026
2

Infrastructure

What investors should expect when investing in infrastructure: yield

The case for listed infrastructure is built on stable earnings and cash flows, which have sustained 4% dividend yields across cycles and supported consistent, inflation-linked long-term returns.

Investment strategies

Valuing AI: Extreme bubble, new golden era, or both

The US stock market sits in prolonged bubble territory, driven by AI enthusiasm. History suggests eventual mean reversion, reminding investors to weigh potential risks against current market optimism.

Jeremy Grantham
4 February 2026

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