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2017 March Quarter Review
Read more: 2017 March Quarter ReviewEconomic Overview Global policy makers expressed a cautious welcome for continuing signs of improving activity during the March quarter. The Reserve Bank of Australia noted a pick-up in global trade and industrial production, alongside a tightening of labor markets. In the US, economic data continued to be supportive. Non-farm payrolls were robust and activity indicators buoyant. Manufacturing purchasing managers’ index (PMI) increased and the consumer confidence index rose to its highest level in 16 years. Reflecting the improving outlook for growth and inflation the Federal Reserve increased rates by 0.25% in March. Optimism over Donald Trump’s plans to cut taxes,…
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Gold – Bre-X
Read more: Gold – Bre-X20 years ago, many investors in Canada thought they’d struck it rich by investing in a company called Bre-X. Company estimates suggested it had potentially found 70 to 200 million ounces of gold at its Busang claim in Indonesia. Making it one of the largest gold discoveries ever. Instead of reaping the rewards of being invested in the world’s largest gold mine, those investors found themselves at the heart of a massive fraud. It was eventually revealed the mining samples from the claim had been salted with gold. To mark the occasion (and gouge old wounds) a movie ‘based’ on those…
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2016 Year in Review
Read more: 2016 Year in ReviewEconomic Overview The dangers of basing investment strategies on media forecasts were highlighted dramatically in 2016 as the outcome of major world events and the market reaction to them confounded pundits. The major news event was Donald Trump’s US presidential election win. The Republican outsider defeated Democrat Hilary Clinton on a platform that tapped into voter anger at “insider” politics and the effects of globalisation. Similar sentiments also fueled the mid-year vote by Britons to leave the European Union, again a largely unheralded result that led to the resignation of Conservative Prime Minister David Cameron. Despite these potentially destabilising events,…
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Why keeping good records is so important
Read more: Why keeping good records is so importantWhat if you inherited or would like to leave your beneficiaries shares when you pass away, do you have good record keeping? What if some shares have a long dividend reinvestment plan, takeovers, bonus offer and share purchase plan and there was no record keeping. Investors who don’t pay attention to keeping good records pay a price in the future Record keeping is simply collecting and storing paperwork and information relating to your shares. IT DOESN’T NEED TO BE COMPLICATED. Why keeping good records is important: Manage tax effectively and declare the correct income and capital gains Prepare Estate Planning documents Monitor…
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