Monopoly Capitalism

By Steve Blizard   13 Jan 2018 Vibrant competition is essential for a capitalist economic system to function effectively. However, we are witnessing the death of competition in industry after industry as global corporations increasingly gobble up their competitors. John D. Rockefeller, one of America’s first oligopolists, famously said “competition is a sin”. Within an oligopoly market structure, limited competition exists…

Shorten’s 6 big tax slugs to hit Aussie middle class

By Paul Rickard  January 10, 2019 In a little over four months, Australians are set to elect Bill Shorten as their 31st Prime Minister. He will lead a left of centre, anti-business Government that will slug millions of Australians with higher taxes. Those impacted will include investors, self-funded retirees, small business entrepreneurs, professionals, managers and savers.…

The 20 Commandments of Wealth for Retirees

By legendary financial adviser Noel Whittaker 1. Ignore the prophets of doom – they are always with us and usually wrong. 2. Make sure your children have adequate insurance. It’s much more affordable than your funding their misfortune. 3. Understand compounding, and appreciate that the rate of return your portfolio can achieve will be a major factor in how long your…

RBA in ‘uncharted territory’ on falling house prices

By Matthew Cranston  7 Dec 2018  Australian Financial Review The Reserve Bank is in “uncharted territory” when responding to falling house prices and can only wait and see what happens to weaker consumption over the next few months to get a clearer view on economic growth according to deputy governor Guy Debelle. Dr Debelle told economists at the annual…

Negative Gearing – Investment must stand on its merits

By Noel Whittaker   25 Nov 2018  Sunday Times Borrowing for investment is back in the news. Shadow treasurer Chris Bowen’s office has confirmed that Labor’s proposed changes to negative gearing will apply to all assets, including shares and managed funds — with the exception of new residential property. It’s a highly controversial policy. Aussie Home…