As a follow up to my last post A Case for Action, here is another slightly contrarian post to provoke you to rethink your retirement investment strategy. Until recently, I have not really given too much thought to the age pension for our own retirement. I guess I had always thought we would be self-funded [...]
To most people, what happened in Cyprus is yesterday’s news. So what if a bunch of rich Russians lost 60% of their bank deposits? However, I remained deeply disturbed by what happened for a couple of reasons: Most of the people I know who have large amounts of money in the bank are risk averse [...]
Without a doubt, the current sentiment is bullish. From the chart of the ASX 200 below, we can see that the market has been rallying feverishly for the past 10 weeks. Source: CommSec With the RBA cutting interest rates to a point where term deposit rates are now below 4%, this has triggered the Great [...]
There is little good news for the Australian market. China is definitely slowing down and there is much uncertainty over the Chinese leadership change which is supposed to happen in October. Our mining stocks are still hurting from the recent iron ore price crash, carbon tax and MRRT and given what is happening in China, [...]
I was quite excited today when I read that even perma-bear David Rosenberg is turning bullish. David’s bullish expectation is based on the Republicans winning the US elections. I spent some time over the long weekend reading about Mitt Romney, who is slowly but surely emerging as the Republican candidate for the US Presidency. From [...]
Since my last post three weeks ago, it is looking more likely that central banks will come to the rescue once again. On June 6, the US market rallied hard on the anticipation of a QE3. Although no official announcement has been made to the public yet, I have a sneaky suspicion that some big [...]
Every time a sharp correction happens, September 2008 comes back to haunt us and last week’s 200 point drop in the ASX 200 was another such occasion. The bullish breakout above 4300 that I pointed out in my last post has failed, at least for now. We have had a few sharp corrections in the [...]
If you read the news headlines this week, it would be very hard to feel bullish. The French election results and political turmoil in Greece caused markets to become jittery globally. Monday (7 May) was reported to be the worst day of the stock market in 2012. There was no good news for wealth creation [...]
Today I read a newspaper article that covers a strategy that is not as well-covered in retirement planning as I think it should be. The strategy is on maximising your age pension entitlement. Most of the people I know who currently have well-paid jobs think Centrelink benefits are for poor people and do not think [...]
I was surprised by last week’s announcement by the major central banks to pump liquidity into the global financial system so I spent a fair bit of time on the weekend researching to find out the reason behind this unexpected move. While it is common knowledge that European banks were experiencing an onset of a [...]