Blogs

In the last blog, we took a look at the rising price of gold and what was driving it.

"Gold is money. Everything else is credit." - JP Morgan 1912. What has driven this increased demand for the yellow rock?

My nature is that of Libertarian however I do acknowledge the need for some government, but I do believe that it should be “small government”. A classic example in my opinion of why the government should not get involved in sorting out most instances where the market will determine can be found in the struggling…

One of the biggest mistakes that I think investors make is that they assume the share market reflects the underlying fundamentals of the businesses. In addition to this, they also believe that over the long term, the markets will always go up. There are two fundamental issues with this thesis. The first is that many academic…

The total level of US Government debt has reached USD $35 Trillion. The current US fiscal position has a debt to GDP of 120% and according to many views including Reinhardt and Rogoff who produced papers in 2010 and 2012 a level of debt to GDP above 90% sees a dramatic worsening in growth outcomes…

Well, it’s been decades since we have been too concerned with inflation but in the last few years, it has come back with a vengeance. In any case, let’s revisit the basics so you understand the difference between fact and fiction. When the inflation phenomenon is addressed it is usually measured by the rate of…

In the world of financial advising, selecting the right tools and strategies is crucial for ensuring that clients achieve their financial goals. One tool that has consistently proven to be highly advantageous is the Shartru Managed Discretionary Account (MDA). As a financial adviser, I always prioritise strategies and tools that align with my clients’ best…

The most common mistakes pundits make with investment decisions are firstly to extrapolate historic returns (recency bias) but secondly not adequately consider the risks.  Much has been said about whether or not Australia currently has a “bubble” in residential property and this conversation has been going on for a long time. There are those that…

Last week I had the opportunity to have a discussion with Paul Moore from PM Capital and the advisers within our network. In my opinion, Paul is one of the finest fund managers in Australia and I have had client money invested with him since 2001. Paul discussed that central to their investment philosophy is…