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Edition: 182

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Edition 182

  • 18 November 2016

Wednesday last week showed the dangers of reacting too quickly to unexpected market news. As the US election results came in, the US Dow Jones futures lost 800 points, the S&P/ASX200 fell 4% to 5,150 and a bellwether stock like CBA headed to $69. A week later, the Aussie index was above 5,350 and CBA was almost $77, up 10% from the Trump panic. Money moved out of bonds and into financials, miners and healthcare, and nobody knows where to from here.

Eight key features of successful companies

There's a lot more to identifying great small companies than the financials, and it pays to lift the lid on the underlying characteristics of the best businesses, including the people who run them.

Why is factor investing a ‘thing’?

We hear a lot about 'factors' but what are they? Both retail and wholesale investors are ploughing billions into these new ETFs and managed funds. Do they have a role alongside passive and active funds?

How SMSFs should plan for $1.6m pension cap

Anyone with large super balances should know their choices well before 1 July 2017, although they no longer have to decide how to segregate between accumulation and pension.

Populism and the risks in regulated assets

Infrastructure assets are viewed as 'bond proxies' because they are supposed to have predictable cash flows, but investors should delve deeper into the regulatory risks, especially in a post-Brexit, post-Trump world.

How to improve your personal credit score

It's possible to take action and improve your personal credit score, which can result in cheaper borrowing rates and better access to credit. Don't wait until you need to borrow.

Managing dynamic asset allocation in unusual times

  • 17 November 2016
  • 1

Dynamic asset allocation should be exactly that ... dynamic. It calls for amending asset allocations as circumstances change, and that's certainly happening now.

Most viewed in recent weeks

Australian stocks will crush housing over the next decade, one year on

Last year, I wrote an article suggesting returns from ASX stocks would trample those from housing over the next decade. One year later, this is an update on how that forecast is going and what's changed since.

What to expect from the Australian property market in 2025

The housing market was subdued in 2024, and pessimism abounds as we start the new year. 2025 is likely to be a tale of two halves, with interest rate cuts fuelling a resurgence in buyer demand in the second half of the year.

The perfect portfolio for the next decade

This examines the performance of key asset classes and sub-sectors in 2024 and over longer timeframes, and the lessons that can be drawn for constructing an investment portfolio for the next decade.

Howard Marks warns of market froth

The renowned investor has penned his first investor letter for 2025 and it’s a ripper. He runs through what bubbles are, which ones he’s experienced, and whether today’s markets qualify as the third major bubble of this century.

9 lessons from 2024

Key lessons include expensive stocks can always get more expensive, Bitcoin is our tulip mania, follow the smart money, the young are coming with pitchforks on housing, and the importance of staying invested.

The 20 most popular articles of 2024

Check out the most-read Firstlinks articles from 2024. From '16 ASX stocks to buy and hold forever', to 'The best strategy to build income for life', and 'Where baby boomer wealth will end up', there's something for all.

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