Author Archive | Graham Hand

Hayne

Feedback welcome on the Royal Commission

The Financial Services Royal Commission is discovering behaviour that is far worse than expected, with widespread implications for wealth management. Banks are challenged making the vertical integration model work.

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$1 million is never worth less than $500,000

It’s become common to claim there is no incentive to save more than $500,000 because of the loss of age pensions and possibly franking credits. But these arguments overlook the way super is supposed to operate.

Financial advisers

Financial advisers not allowed to advise

Most financial advisers are forced to use Approved Product Lists, model portfolios, procedures for Statements of Advice, rules of their Professional Indemnity Insurance … but what about independent advice?

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Guns, banks, innocence and a Trump warning

In the 1970s, bank branches had pistols in the teller drawers and cupboards, but behind the accidents and hilarious stories lies a grim truth that is a warning to Trump’s crazy idea to arm teachers.

Buffett 1

10 highlights from Buffett’s latest letter

Warren Buffett’s latest letter to shareholders gives his definition of ‘risk’ and makes surprising points about holding bonds versus shares which will delight equity investors and managers.

XIV-index

VIX, XIV and all that jazz

The collapse of the Exchange Traded Note (ETN) linked to the value of the VIX was a warning to traders not to be complacent about volatility, and the entire market felt the impact.

Marks Latest Thinking

Howard Marks and his ‘Latest Thinking’

Howard Marks explains that he has never told investors ‘it’s time to get out’, and while he does not see bubble conditions, future returns are likely to be subdued based on current high prices.