This is the third instalment in a four-part Wealth First Principles series. The first two blogs examined how wealth is genuinely created and the role of property. Shares serve a fundamentally different purpose within a portfolio. They provide liquidity, diversification, reliable income with minimal costs, and access to global growth themes that property simply cannot deliver. But investors …
After the resounding win at the federal election in May 2025, Prime Minister Anthony Albanese and Treasurer Jim Chalmers have been determined to pass changes to the taxation of large super funds in Australia, known as the “$3 million super cap” or more technically Division 296. Whilst we have been monitoring the developments this year and thinking ahead, ultimately, we have been advising our …
Investors cannot control market returns – they will be what they will be. What they can control is when, in which asset class, and how they invest. This is what we call portfolio construction, and it is arguably the most important decision an investor can make. Get it right, and you are on track to …
Investment markets are rarely in perfect balance. There’s almost always something that feels off – asset classes that look overvalued, others that are out of favour, some delivering above-average returns and others lagging behind. That’s what I would call a normal market. Markets are never fully rational all the time. That said, there are periods …
Since launching the Investopoly podcast back in 2018, it’s been a rewarding journey of testing conventional wisdom, learning, research, and discussion around wealth-building, investment strategies, and everything in between. To celebrate the growth and impact of the Investopoly podcast, we have pulled together the most popular blogs/episodes that have resonated with our audience over the …
The Australian share market is valued at approximately $2.9 trillion. In comparison, the country’s bond market is worth more than half that amount, yet it remains relatively unknown to many investors. This includes bonds issued by the federal government, state and semi-government entities, as well as listed corporations. This blog provides an overview of the …
In the 2024 calendar year, the ASX200 delivered a total return of approximately 11.5%. However, most of this growth was driven by just three banks: CBA, Westpac, and NAB, which collectively contributed around 6.5% of the index’s total return. On the other hand, the two major miners, BHP and Rio Tinto, negatively impacted the index’s …
The concept of the Equity Risk Premium (ERP) is typically used in share market investments, but I believe investors should apply a similar approach to all investment decisions. To ensure investors are adequately rewarded for the risk they take, I like to think of it as the Investor Risk Premium. What is the equity risk …
I recently met with a new client that I had previously met 10 years ago. Back then, he opted to work with an advisor in his home state rather than engaging us, since he did not live in Victoria. In the end, he never found an advisor and decided to manage his investments himself. Fast …
If you’ve been following my blogs for a while, you’ll know that I’m a strong advocate for evidence-based investment strategies. Put simply, I only employ investment strategies that have a proven track record – where the evidence overwhelmingly shows that a rules-based approach has consistently delivered strong returns over many decades. This approach gives us …
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