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Markets in free fall: How worried should you be?

Another terrible day on the ASX is unfolding  as tanking Chinese sharemarkets wipe out the past two years of gains (at 3.15pm (AEST) the S&P/ASX200 index was down 4 per cent cent to 5007, the biggest intraday drop since 2007). Is it a correction or something more serious? Whilst news headlines appear dominated by China, there are several themes that are driving the share market and will set the agenda for markets in coming weeks First the timing of the US [...]

2015-08-24T06:26:41+00:00August 24th, 2015|FinSec Post, The View|

Steins Law: Greece Succumbed Will we be next?

Greece … there has been a lot of noise, a lot of commentary and you have probably (for the most part) heard enough when it comes to Greece - we will keep it brief. Greek PM Tsipras has announced his resignation and the country is now headed for another election (September). While Greece and the Eurozone have agreed on a third bailout program the IMF is likely to insist that Greece’s debt burden is reduced before participating in the bailout with [...]

2015-08-24T05:56:42+00:00August 24th, 2015|FinSec Post, The View|

Greece succumbs to Stein’s law

by Michael Collins, Investment Commentator at Fidelity July 2015 Herbert Stein (1916 to 1999) was a US economist who was influential in his time. Among his achievements, Stein was chairman of the president-guiding Council of Economic Advisers under Richard Nixon and Gerald Ford, was attached to the American Enterprise Institute think tank, contributed to The Wall Street Journal and taught at the University of Virginia. Stein wrote books that are still available and was the first columnist of Slate’s “Dear Prudence” [...]

2015-08-24T02:47:41+00:00August 24th, 2015|FinSec Post, The View|

Is it just Yuan big storm in a teacup?

Earlier this month, without notice or explanation, the People’s Bank of China (PBOC) lowered the yuan’s ‘daily fix’[1] by 1.9% against the U.S. dollar, the largest devaluation in 20 years. Investors responded by hitting the panic button. Investor’s feared that it signalled a sharper than expected slowdown in the world’s biggest economy. Apple shares dropped 5%, the Australian dollar nose dived and oil dipped to a six-year low. Financial analysts were blind sighted, was the PBOC’s intention to weaken the yuan [...]

2015-08-24T05:53:23+00:00August 24th, 2015|FinSec Post, The View|

Dust off the history books – it’s back to the past to control the property cycle

The past few weeks have seen banks tighten up lending conditions for property investors – either charging higher interest rates or imposing lower loan to valuation ratios or both. There is even talk of lenders managing their exposure by focussing on postcodes. This is all in response to increasing pressure from the banking regulator APRA (the Australian Prudential Regulation Authority) demanding that the 10% cap on property investor lending growth that it announced last December be adhered to. Those who have [...]

2015-06-19T06:16:30+00:00June 17th, 2015|Economy, FinSec Post, Investment, The View|

Slow but steady wins the race: Licensing update

Late last year we informed you that our Australian Financial Services Licensee, Genesys Wealth Advisers, had announced it would be rationalised by its owner, AMP. This was to be finalised by the end of April, 2015. In the time since we made this announcement we have explored many avenues in our quest for a solution that satisfies both our client’s expectations and our company values. We are confident having eliminated a number of options that a path forward has now become [...]

2015-06-18T04:50:11+00:00June 17th, 2015|FinSec Post, The View|

New report highlights the dangers of chasing past returns and ‘hot’ markets

Australia makes up around 3% of the global market, which means that 97% of global investment opportunities are elsewhere. As highlighted in several major Australian publications recently, the 2015 Russell Investments/ASX Long Term Investing Report points to the risks of relying on a resilient domestic share market, strong domestic currency and solid residential property market. Download report here. As this report highlights, it’s dangerous to chase past returns or ‘hot’ markets when your long-term savings are at stake.

2015-06-17T23:27:26+00:00June 17th, 2015|Economy, FinSec Post, The View|

21 great investment quotes

Introduction Investing can be scary and confusing at times. But the basic principles of successful investing are timeless and quotes from some experts help illuminate these. This note looks at those I find most insightful. Aim “How many millionaires do you know who have become wealthy by investing in savings accounts?” Robert G Allen Cash and bank deposits are low risk and fine for near term spending requirements and emergency funds but they won’t build wealth over long periods of time. [...]

2015-04-20T01:32:52+00:00April 17th, 2015|FinSec Post, Investment, More than just Finance, The View|

Another 21 Great Investment Quotes

Investing can be profitable as well as fun, but it can also be unnerving and unprofitable if you don’t understand markets and don’t have the right mindset. The basics of successful investing are timeless and some experts have a knack of encapsulating these in a way that’s insightful. A year ago Shane Oliver wrote on 21 investment quotes he finds useful (see 21 great investment quotes), here are some more... The market and cycles “The stock market is the story of [...]

2019-07-31T00:53:40+00:00April 13th, 2015|Investment, Quick Tips, The View|

Knowledge and Clarity: Changes to Inactive bank accounts

On 18 March 2015, the Assistant Treasurer the Hon. Josh Frydenberg announced that the Government will increase the time frame for which bank accounts and life insurance policies must be inactive before their proceeds are transferred to ASIC. The period will be increased to 7 years from the current period of 3 years, reversing the legislation of the former Government. The proposed change will take effect from 31 December 2015, and will require legislative amendments to the Banking Act 1959 and [...]

2015-04-17T06:37:40+00:00April 13th, 2015|Economy, FinSec Post, Superannuation, The View|