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Buying long-term bonds at yields below historical inflation rates is asking for trouble, despite the recent rises in bond rates. Even QE policymakers have their doubts.
Australia may not be facing a stockmarket or property bubble right now, but there are early signs of concern. It's worth knowing what to look for and safeguarding against personal loss.
The reported profit that any insurer can make is largely an accounting construct. Actuaries estimate the profile of claims that policy holders are expected to make in the future.
Residential property for investment purposes can be valued like any other financial asset that produces a series of cash flow.
When share prices are rising faster than corporate earnings, it is almost certain that the value available in the market is declining, and ultimately, value is a crucial driver of long term investment performance.
Prices often diverge significantly from that which is justified by the economic performance of the business, but in the long term, prices eventually converge with intrinsic values. It's the difference between voting and weighing.