Author Archive | David Bell

research

Governments fund more research than we realise

It’s laudable for government to fund important research but for it to really make a difference, industry participants and researchers need to engage and collaborate with the other. Research on ageing is a case in point.

CIPR

A defining year for super requires your input

An appeal for interested parties to contribute to the government’s discussion paper on post-retirement products, now called ‘MyRetirement’ solutions, to be offered within the superannuation system.

momentum

Market winners outperform losers again

In this update of the ‘winners versus losers’ investment hypothesis, momentum is the winner – again. It’s only a ‘paper’ portfolio but it suggests consistent behavioural biases among investors.

PX-people-network-data-blocks

The time has come for actuaries

The unique and practical skills of actuaries will be essential for the superannuation industry to tackle such complex issues as providing adequate retirement outcomes and effectively managing big data.

mistake

Learning from my investment mistake

Even the experts can slip up sometimes with insufficient diligence when making investment decisions, but it’s important to self-assess mistakes to avoid a repeat experience.

CIPRs

CIPRs are coming and that’s exciting

Comprehensive Income Products for Retirement, or CIPRs, are almost a reality and there is much excitement around what this means for superannuation and retirement outcomes.

naive investor

Are you an informed or a naive investor?

Everyone can be a naive investor at times, even the professionals. Outside of a sphere of expertise, the quality of investment decisions can suffer. Try to avoid being the ‘patsy’ in a transaction.

competing for alpha

Competing for alpha

The term ‘alpha’ may be financial jargon, but for fund managers, it’s the highly sought-after prize for successful active management that justifies fees charged. But how do you select a good manager?

momentum

Momentum of winning and losing share prices

A simple strategy of backing prior winners and shorting prior losers has outperformed again in 2015, supporting arguments for ‘momentum’ investing. It’s an example of a factor that can be used across a portfolio.

risk aversion

Risk aversion in practice in large funds and SMSFs

Financial risk aversion defines our attitudes to taking financial risk. Your style of risk aversion could be relative or absolute or a bit of both. It’s good to recognise your own tendencies for the benefit of your portfolio.