What two investing insights would you give your 20-year-old self?

Hamish Douglass, Magellan Asset Management Hamish Douglass My central advice would be that successful investing is about finding and then owning for the long-term companies that can generate excess returns for years to come. It’s not about looking for stocks that might come into short-term favour on stock markets. The worthwhile companies to own for…

COMPARING SUPER FUNDS – What exactly is a balanced fund?

  Tim Farrelly | Portfolio Construction Forum | 14 December 2018 Australia’s largest super fund, Australian Super, would have us believe a balanced fund has 80% in growth assets, the industry euphemism for risky assets. The Vanguard Balanced Fund has a more cautious 50% in growth assets. At an extreme, the Host Plus Balanced fund…

Australian equity valuations not overvalued says RBA’s Kohler

By William McInnes  13 Dec 2018  Australian Financial Review The Reserve Bank of Australia says Australian equities are not overvalued and highlighted the outperformance of equities compared to other asset classes over time. Speaking at the Australasian Finance and Banking conference in Sydney on Thursday, the central bank’s head of domestic markets, Marion Kohler, said…