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Gifting That Might Be Taking
Read more: Gifting That Might Be TakingThe country and the world have been financially disrupted this year. There’s a section of haves who have done exceptionally well considering the economic calamity. There are a section of have nots who have done exceptionally poorly. This is nothing new. As economies shift, winners and losers are created all the time, though usually not so widely in such a short space of time. Australia has remained prosperous for more than a quarter century, if you’re judging based on recessions, but it hasn’t happened without creating wealth divisions. While you’d expect older generations to have a greater share of wealth,…
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Election Results Irrelevant, but Vital
Read more: Election Results Irrelevant, but VitalIt is a week out from the US Presidential election. We’ve deliberately avoided the election until the very last moment. Why? Its lack of importance. We hear ‘this is the most important election of our lifetime’ almost every election. On some issues, maybe it is. When it comes to investing, it rarely is. Nor should an election ever be regarded as something to focus on. If an investor is perpetually scanning the horizon for the next event, then they are perpetually distracted by things they can’t control. It isn’t conducive to disciplined investing. Agonising and handwringing over this election, or…
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2020 September Quarter Review
Read more: 2020 September Quarter ReviewEconomic Overview As to be expected, the ongoing and dominant economic and market theme remains COVID-19. More so than ever, with COVID present no quarter will be quite like the previous. While Q1 was one of steep decline and pain, Q2 was sharp recovery and euphoria, while in Q3 markets took a slightly more subdued, albeit positive direction. Accommodating monetary and fiscal policy kept markets happy. In the US, the economy continued something of a recovery. The Federal Reserve noted it will use average inflation targeting in setting the interest rate, allowing for overshoots in inflation. This means the Fed…
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Stories & Evidence
Read more: Stories & EvidenceIn 1998 the Tour de France was in dire straits. A car belonging to the Festina team was stopped on the French-Belgium border. The boot was full of performance enhancing drugs. What followed were police raids and arrests. It culminated with the Festina team being booted off the Tour. Other riders and teams were outraged and protested at their treatment. Fans were livid. Booing and jeering at every turn of the pedal. 1998 was a dark stain on the history of the Tour de France. In 1999, a new story quickly emerged to blow away the dirt. A man who…
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Federal Budget 2020/21
Read more: Federal Budget 2020/21The delayed and momentous 2020 Federal budget has been handed down. It contains some amazing figures. The normally fiscally conscious Liberal Nationals have turned spendthrifts in a bid to lift the country out of the COVID-19 induced recession. It wouldn’t be a budget without heroic assumptions and the biggest in this budget is the assumption there will be a COVID vaccine next year, along with the majority of Australians being vaccinated. It also assumes growth will be running at 4.25% and unemployment will be down to 6.5 per cent by the end of 2022. Another big assumption: everyone will run…
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