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Retirees may need to dial up their defensive equity allocations to help protect capital

Retirees may need to dial up their defensive equity allocations to help protect capital

Financial advisers may need to consider allocating more to defensive equity strategies for retiree clients to defend their income, according to Vertium Asset Management, a Copia investment partner. In its June quarter research paper, the equity income fund manager compared the past seven share market corrections during global slowdowns since 1990 to the most recent […]

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29, July 2019
Uncategorized
The Anatomy of Bear Markets

The Anatomy of Bear Markets

Bear markets are great! Let me explain. Lower prices mean greater future returns. Bear markets always occur during global slowdowns as investor confidence is shaken from lower growth expectations. It is only when investor expectations are low that the foundation is set for fantastic returns. The usual definition of a bear market is based on […]

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19, July 2019
Uncategorized
Should NAB Cut its Dividend?

Should NAB Cut its Dividend?

To cut or not cut? That is the question facing the National Australia Bank (NAB) Board. Just over a week ago, NAB announced another customer remediation provision, this time a whopping $749 million before tax for 1H19. Unsurprisingly, NAB announced a review of its dividend settings. We wrote about the looming risk of a NAB […]

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02, May 2019
Uncategorized
Are equities safe when there are growth worries?

Are equities safe when there are growth worries?

The most talked about harbinger of a recession is the inverted yield curve. Google trends show recent internet searches on “inverted yield curve recession” have reached a fever pitch. Source: Google trends It is interesting to note that in February 2005 the same search terms also reached extreme levels. Yes, a global recession did occur […]

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26, April 2019
Australian equities
Bullet-proofing your equity income portfolio

Bullet-proofing your equity income portfolio

JASON TEH | It’s obvious. Retirees need income. With cash and fixed interest offering low yields, equities are a good place to look for income. On the surface, it may seem easy creating an income portfolio from shares – just select stocks from a list of high dividend yielders. However, setting up an income portfolio […]

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11, February 2019
Australian equities | Australian shares
The year of investing dangerously

The year of investing dangerously

JASON TEH | 2018 was the year of living dangerously as far as the stock market was concerned. The year began with a bang, cheered on by the global growth squad. However, unbridled risk taking eventually led to negative returns later in the year. Most equity indices around the globe delivered negative returns for 2018 […]

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11, January 2019
Australian equities | Australian shares
The next stock to release franking credits

The next stock to release franking credits

TRENT CRAWLEY | 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? Companies can […]

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10, December 2018
Australian equities | Australian shares
One of the most dangerous things an investor can do

One of the most dangerous things an investor can do

JASON TEH | The market corrections in February and October should be a warning to investors that the stock market is highly cyclical. It was inevitable that ‘growth’ stocks, which pushed the market to new highs for many months eventually led the collapse. Investors who paid heed to Howard Marks’ famous quote on cycles would […]

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26, November 2018
Australian equities | Australian shares
Coles vs Woolworths: Comparing trolleys

Coles vs Woolworths: Comparing trolleys

DANIEL MUELLER | In a matter of weeks, Wesfarmers’ demerger of Coles will be complete. Coles will be listed as a stand-alone business for the first time in 11 years. You may think that both Coles and Woolworths have similar risks given that they operate in the same industry. However, a deep dive into the […]

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09, November 2018
Australian equities | Australian shares
Witching hour for Cinderella stocks

Witching hour for Cinderella stocks

JASON TEH | We all know the story of Cinderella. Transformed into a glamorous princess, she was the belle at the ball. However, the celebration abruptly stopped at midnight, when her gown turned back into rags and her coach turned into a rotten pumpkin. Growth stocks are sometimes like Cinderella, glamourous companies that can have […]

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01, November 2018
Australian equities | Australian shares