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Edition: 8

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Edition 8

  • 29 March 2013

Current sharemarket rhyming with post-1973, 32 years of performance data, thinking irrationally and small v large caps.

Jumping frogs and rhyming markets

Who is the greatest market analyst of all time? Towering above all is Mark Twain with his immortal line: “no occurrence is sole and solitary, but is merely a repetition of a thing which has happened before, and perhaps often ...”

Lessons from 32 years of investment returns

Future returns from different asset classes are always uncertain and subject to contrary forecasts, but there are useful lessons from the past. As Shakespeare wrote in The Tempest, "What is past is prologue."

So you think you think rationally. Think again

Each day, we respond to problems quickly, automatically and often gullibly, giving undue attention to details that stand out easily. Critical information is often ignored. The best investors are those who can hear through the noise.

If the small cap fits, wear it

There are reasons why small cap stocks have a history of long term outperformance, although recently, the preference for defensive large cap yields has dominated.

A new vision for retirement: productive and meaningful

This extract from Harvard Business Review looks at how meaningful work for retirees can help avoid the problems that a rapidly rising dependency ratio will cause. In the US, 10,000 baby boomers turn 60 every day.

Most viewed in recent weeks

Vale Graham Hand

It’s with heavy hearts that we announce Firstlinks’ co-founder and former Managing Editor, Graham Hand, has died aged 66. Graham was a legendary figure in the finance industry and here are three tributes to him.

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.

Avoiding wealth transfer pitfalls

Australia is in the early throes of an intergenerational wealth transfer worth an estimated $3.5 trillion. Here's a case study highlighting some of the challenges with transferring wealth between generations.

Taxpayers betrayed by Future Fund debacle

The Future Fund's original purpose was to meet the unfunded liabilities of Commonwealth defined benefit schemes. These liabilities have ballooned to an estimated $290 billion and taxpayers continue to be treated like fools.

Australia’s shameful super gap

ASFA provides a key guide for how much you will need to live on in retirement. Unfortunately it has many deficiencies, and the averages don't tell the full story of the growing gender superannuation gap.

Looking beyond banks for dividend income

The Big Four banks have had an extraordinary run and it’s left income investors with a conundrum: to stick with them even though they now offer relatively low dividend yields and limited growth prospects or to look elsewhere.

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