* Better and cheaper availability of wholesale funding for major banks will reduce retail term deposits rates, as CBA takes its foot off the gas.
Author Archive | Graham Hand
* APRA has just released its December 2012 Quarterly Superannuation Performance, showing a 14.6% rise in assets over 2012 to $1.51 trillion.
If ‘SMSF’ were a corporate brand, its marketing department would be the most successful in superannuation history. The major retail funds always had a strong response to SMSFs in their kit bag, but they didn’t explain it to enough customers.
Google searches for ‘term deposits’ peaked in late 2009, and since 2011 have been in steady decline. At the beginning of 2013, the searches for term deposits are at their lowest for five years.
The sad fact is the government guarantee on deposits does not apply for individuals investing in deposits offered by public superannuation funds.
Each week, we load words into Google Trends, which shows how often a particular search term has been googled since 2004, and makes a forecast for next year. This week: SMSF.
* Graham Tuckwell of ETF Securities has donated $50 million to the ANU. Here’s an extract from Warren Buffett’s letter on giving away his wealth.
* In 2008, Warren Buffett made a 10-year bet that an S&P500 index fund would outperform a group of hedge funds. So far he’s winning.
* Dr Martin Parkinson, recently-appointed Secretary to the Treasury, makes all the right statements about the value of superannuation.
* Over 60 and worried about a new tax on super withdrawals? No need – apparently, the current policy was set in stone 2 1/2 years ago.
* ATO recently estimated that $17 billion of superannuation has been lost by members. Check ato.gov.au to see if some of it is yours.
What a time to launch a superannuation website and newsletter! The super, advice and investing landscape is facing more game-changers at the moment than at any time since the introduction of compulsory super in 1992.
* Howard Marks of Oaktree Capital has been posting his memos on his company’s website since 1990. Here are his Key Repeating Themes.
Each week, we load words into Google Trends, which shows how often a particular search term has been googled since 2004. This week’s is not a pretty picture.