How to psychologically prepare clients for bear markets

The next bear market will come like the proverbial 'thief in the night' and none of us can predict the hour or day. Preparing clients for bearish times may be more important than portfolio design. But how?

Bob Veres, Inside Information Opinion


Secular stagnation or inflection point? The post-crisis world in historical perspective

With a growing number of central banks resorting to negative interest rates and the IMF acknowledging the risk of secular stagnation, investors could be forgiven for feeling nervous. Yet there is some evidence that the global economy may be at an inflection point.

Niall Ferguson, Harvard University1.25 CE 1 commentResources


What we can learn from Namibia

Since winning independence from South Africa in 1990, this country of 2.4 million people has achieved enormous gains, especially in the last couple of years.

Joseph E. Stiglitz & Anya Schiffrin, Columbia University Opinion


Inflation: the most important indicator

Central bankers successfully tamed inflation in the late 1980s and early 1990s. Persistently low inflation is the new problem. With markets complacent about the inflation outlook, signs of inflation could create a scare.

Christian Hawkesby, Harbour Asset Management0.50 CE 1 commentResources


The Australian equities X-factor

Everybody is an Australian equities expert, understandably so for those who live in Australia. But the X factor in Australian equities portfolios is concentration risk.

Charlie Lanchester, BlackRock Opinion


Optimal frequency for re-balancing

How often should a portfolio be rebalanced? Rather than the conventional wisdom of rebalancing at fixed time intervals, a superior methodology is tolerance band rebalancing.

Michael Kitces, Pinnacle Advisory Group0.50 CE 5 commentsResearch


Challenges in building portfolios today (and what to do)

The current investment environment is arguably one of the toughest ever in which to build portfolios that deliver return and are robust into the future. There are a range of approaches that can be taken.

Dominic McCormick, Select Investment Partners 1 commentOpinion


Setting a retirement spending policy

Setting an appropriate spending level is one of the most crucial tasks for retirees. Spend too much and risk utter penury down the track. Be too conservative and the client spends their remaining years in unnecessary hardship.

Tim Farrelly, farrelly's0.50 CE Opinion


Populists and productivity

The view prevailing in Silicon Valley and other global technology hubs is that we are entering a new golden era of innovation which will radically increase productivity growth. Why haven't those gains appeared?

Nouriel Roubini, Roubini Global Economics Opinion


Why take an interest in Africa's rise?

"Africa rising" has been a catchphrase since the beginning of this century. It is the idea that Africa, and especially Sub-Saharan Africa, could be to the 21st century what South-East Asia was to the second half of the 20th century.

Oliver Hartwich, The New Zealand Initiative Opinion


Today's risk profiling puts us all at risk

Risk profiling is entirely broken. The key to understanding clients is in analysing their actions, not their words, or answers to a risk questionnaire.

Bernard Del Rey, Capital Preferences0.50 CE 1 commentResources


Pay attention to geo-politics when making investment decisions

The world seems an increasingly dangerous place, driven by uncertainty and conflict. Yet on many measures, the world is becoming safer. More than ever, investors need to filter out the noise and consider emerging geo-political developments shaping the world.

Dr Keith Suter, Global Directions0.75 CE 4 commentsResources