Page 31 of the Australian Financial Review (AFR) today has an article suggesting “that the traditional buy-hold approach to owning shares is dead”…full text, with subscription can be found here. The article’s stated reason for buy-hold is that “in the long run, markets always go up and will provide investors with a good return on …
Tag Archive: investment
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Jan 04
Investment Thoughts for 2012
Firstly I think its appropriate to suggest that I intend to make no return predictions for this year as I do believe its pretty much impossible with litte upside for me. However, what I would like to do is simply point out a few facts, rules, and current issues that need to be considered when …
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Dec 19
A few too many ‘China Hard Landing’ stories for my comfort
I’ve read a few too many times how Australia is well positioned because of its exporting links to China and how this should help us escape any serious economic issues flowing out of Europe. Obviously our markets haven’t quite agreed with that with bond yields dropping massively over recent months and our equity market continuing …
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Oct 29
Term Deposit Premium very high again
Source: Reserve Bank of Australia The above chart shows the premium banks are paying for their 3 year term deposits compared to 3 year Australian Government bonds from 1992 to the end of September 2011. Since hitting its aboslute high around the start of 2010 and peaking again around July 2010, term deposits are paying …
Oct 17
SPIVA Results – Active Managers still struggling
I’m quite late in reporting the recent performance of fund managers from my favourite performance report, Standard and Poor’s SPIVA. For those that don’t know the reason why this is my favourite report on fund manager performance is that it considers survivorship. It does this by examining all fund managers at the start of the …
Sep 26
Sensational Bearish Interview
Found this via Zero Hedge …sensational interview on the BBC with a trader who believes “Goldman Sachs rules the world” and that “this economic crisis is like a cancer, if you just wait and wait thinking this is going to go away, just like a cancer its going to grow and its gong to be …
May 12
Perpetual Portfolio Manager’s Interesting View
I just had a meeting with Charlie Lanchester, who manages half of Perpetual’s massive Industrial Share Fund, and his views on the Australian economy were far more dire than many commentators are saying. Like many, he believes that commodity prices are very high and showing signs of faultering (doesn’t mean they going to crash just …
Apr 14
A lack of Global Small Cap investing???
International equity small-cap stocks widely outperformed large-cap stocks over the year to September 2010, returning 24.4 per cent and 12.7 per cent, respectively in US dollar terms. I took the above from today’s InvestorDaily email and whilst the fact that global small cap outperformed large cap is not surprising, as it is bound to happen …
Mar 18
Commodity Prices Boom/Bust History
Source: www.macrobusiness.com.au Found the above chart on the brilliant Australian blog, www.macrobusiness.com.au, and its quite a frightening picture indeed. As the headline says, “at no time in the last 200 yeasr have commodity prices risen as fast and as high as in the last decade without a sharp decline”. When you throw in the fact …