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A cyclone has ripped through markets in the last three months, leaving the ASX200 down 10%, and many stocks down by a multiple of that. Yet with powerful forces at play, another sharp leg down feels just as feasible as a Christmas rally. Show More

The market has fallen through November lows to touch levels not seen since 2016. Tune in to this thematic discussion in which Matthew Kidman asks Tobias Yao and Arden Jennings if this really is a dip, or whether it’s time to run for the hills? Show More

Over the course of 2018, the Royal Commission into Financial Services has provided numerous examples of the conflicts of interest inherent to the vertically integrated model of financial advice. In this model, the financial adviser is often incentivised to direct their client's savings onto an investment platform and then invest... Show More

Despite a sharp fall in October, Afterpay is still the ASX200’s top performer over 12 months, with a remarkable gain of 166%. Speaking at a recent event held by IRESS and Livewire, Andrew Mitchell from Ophir Asset Management discussed the outlook for the stock. Show More

Income investors relying on ASX blue-chips have been under increasing pressure. However, another source of income has returned to the top end of the market. Speaking at a recent event held by IRESS and Livewire, Peter Gardner from Plato Investment Management identified a long-absent income opportunity back on the menu. Show More

There’s no better feeling than receiving a cheque from the tax man. But with Labor likely to win the next federal election, fewer cheques will be posted by the ATO. Will companies sitting on large franking balances rush out and try to beat the impending changes to the imputation system? Show More

I run a fund. The recent 13.2% fall in the ASX 200 has caused us all to do some hard thinking. You have to decide, is this the start of a long bear market, or is it an opportunity? Whilst clearly talking my own book as a fund manager, I... Show More

At the recent Future Generation Investment Forum, I nominated two of my best stock ideas. One, a domestic play with EPS growing at 20% over the next three years and the other, an international stock we think is set to double over the next five years. Show More

There’s not only a widening wedge between the US Federal Reserve (Fed) and all the other central banks, but between the Fed and Trump as well. We take a look at the policy rate differential between the US and just about everyone else, and why you could expect something to... Show More

After twenty months of political brinkmanship and the painstaking negotiations of a small army of technocrats, the UK parliament votes on Tuesday on a Brexit deal that Theresa May’s government has negotiated with the EU. The vote is almost certainly going to fail. Show More

I know I’m not alone in saying that watching old episodes of Seinfeld is one of my favourite ways to unwind – I’ve even done the Kramer Reality Bus Tour in New York! Yet it came as a bit of a surprise when the episode ‘The Opposite’, where George Costanza... Show More

Despite some claims that ‘home market biases’ are ‘irrational’, several theories have been put forward to explain the observed bias. For fixed income investors, one theory relating to the management of Real Exchange Rate (‘RER’) risk may assist investors to further optimise their investment outcomes. Show More

With 2020 just 13 months away, now is a great time to take a step back and think about the long-term. 10 years ago, the top 10 companies in the world were dominated by energy and Chinese companies. Today, seven of the top 10 companies are technology companies. In this... Show More

What would you nominate as the single biggest risk to the local stock market right now? In an interview at a recent event held by IRESS and Livewire, we asked Brad Matthews, who consults to Advisors and Managers on asset allocation, for his view. Show More

The market opened reasonably well this morning considering the soft leads overseas plus net negative news flow out over the weekend – a drop of 40pts early felt optimistic and that proved correct as stocks were sold down hard throughout the day, led lower by weakness across Asia along with... Show More

30 years ago, private equity was uncrowded, and less competition meant better deals. Intense competition today means higher valuations, leading to a lower margin of safety. Adrian Warner, Managing Director and CIO of Avenir Capital argues here that public equity markets now offer better pricing opportunities. Show More

Like many companies exposed to China, the share prices Macau casinos like Sands China, MGM China and Wynn Resorts have been volatile. Kevin Bertoli, Portfolio Manager, Asian Strategies, recently travelled to Hong Kong and Macau and reports that the industry structure is improving and valuations look attractive for long term... Show More

If 2018 were a boxing match, you would be Mundine and Mr. Market would be Horn. It only took you 96 seconds to be battered and bruised to the floor. What went wrong? What did you miss? Like Horn, markets have been unforgiving. Globally, we have seen one of the... Show More

Most people are familiar with the concept of compound interest when it comes to term deposits where one can earn interest on interest by continuing to roll over a term deposit several times. However, many investors do not relate the concept of compounding to their investments in the sharemarket. Show More

There is an odd stat that will haunt a few… the S&P 500 was down -3.2% last night. Now there have only been 3 other years where the market has a -3% in December. 1987, 2000 and 2008…. I’ll leave that there, but gee I hate those three years. It’s... Show More