I would like to apologize for the lack of new posts in the past few weeks as we were away for two weeks and last week I have been busy with getting the household back in order and helping the newest member of our family (a homestay student from China) settle in. I have also [...]
We came back from our holiday on Saturday just in time to hear the announcement of the next election on August 22. Will Julia Gillard continue to be our Prime Minister or will she break the record for the fifth shortest serving Prime Minister? Since taking over as PM on June 24th, she has made [...]
Yesterday was “grand final day” for fund managers as they scrambled to close the 2010 financial year with the best results possible. Despite valiant attempts to push the market higher throughout the day, fund managers were unable to maintain the double digit performance which was touted right up until May 2010. On 30 June 2010, [...]
What a week we’ve had! Since last Friday, we have had a series of unexpected losses. Two top CEOs resigned unexpectedly, the entire board of a major mining company was lost in a plane crash in Africa, and as if that was not enough shock, we lost Kevin Rudd as our Prime Minister yesterday!
Yesterday was [...]
Investors need to keep up with the financial news which may affect their investments. With the internet, it is now very easy to get breaking news, literally seconds after it happens on the many free finance news portals. My favourite international news portal would be Bloomberg. I normally check the Bloomberg headlines and key US [...]
In Part 2 of this series, we continue with more of my favourite sources of fundamental information. Another book that has greatly increased our understanding of what to expect in the future is Harry Dent’s The Great Depression Ahead: How to Prosper in the Debt Crisis of 2010 – 2012. He bases his predictions for [...]
I remember first hearing about the US subprime crisis around July 2007, three years ago. At that time we had no idea of its implications – was it a small problem that would be quickly resolved or the beginning of something much bigger? As new SMSF trustees, I remember feeling very fearful about what the [...]
Explosive sales of the Apple iPad has been making headlines everywhere ever since it was launched in the US on April 3. Also making headlines at the same time was the news about the high rate of suicide among employees of a company called Foxconn in Shenzen, China. I had never heard of Foxconn before [...]
I was not sure if I should write this post as I am definitely no expert on resource stocks, but I felt concerned when I read what some advisers are saying about the recent correction in mining stocks. Most of them have attributed it to the Resource Super Profit Tax or RSPT announced in early [...]
June 30 is fast approaching so this is the time of year when we start thinking about the tax, accounting and audit requirements for our SMSF. Many thanks to everyone who answered our survey question “What help do you need most with your SMSF?”. The answers will help me decide on what to write about. [...]