1. Buying happiness and satisfaction with greater cash reserves

    The classic view of cash when investing is that it's something to minimise. But a recent study found that we're just not content without a healthy allocation to cash. In fact, pushing investors to put all their cash to work increases their financial stress.

    Michael Kitces, Nerd's Eye View | 29-06-17 | More
  2. Masterclass NZ 2017 - Resources

    Masterclass NZ is a post-graduate extension program focused on contemporary issues that are fundamental to building better quality portfolios. The one-day program is comprised of five research-based, active learning sessions:

    16-06-17 | More
  3. farrelly's Investment Strategy (Australia)

    Welcome to the farrelly's Dynamic Asset Allocation subscriber-only area.

    08-06-17 | 1 comment | More
  4. farrelly's Investment Strategy (NZ)

    Welcome to the farrelly's Dynamic Asset Allocation NZ subscriber-only area...

    08-06-17 | More
  5. farrelly's Dynamic Asset Allocation Handbook (Australian Edition)

    The farrelly's Dynamic Asset Allocation Handbook features editorial exploring investment strategy "hot topics", farrelly's long-term forecasts for asset classes, a detailed review of the long-term forecasts for an individual asset class (rotating across asset classes each quarter) and three asset allocation models to assist with implementation...

    08-06-17 | More
  6. farrelly's Dynamic Asset Allocation Handbook (NZ Edition)

    The quarterly Dynamic Asset Allocation is published electronically, and emailed to subscribers in early March, June, September, and December. It features farrelly's Editorial; long-term outlook for markets; Forecast in Focus; and three different approaches to Implementation...

    08-06-17 | More
  7. The upside of less downside

    When equity markets fall, the financial and emotional impacts can be lasting. By focusing on reducing downside, investors can have a smoother ride and still achieve the returns they seek.

    Roy Maslen & Hamish Fitzsimons, AB Global | 30-05-17 | More
  8. Three strategies to manage retirement income uncertainty

    The danger that sequence of return risk can devastate a retirement portfolio is both increasingly recognised and frequently misunderstood. Three research-driven strategies can help manage it.

    Michael Kitces, Nerd's Eye View | 22-05-17 | 1.00 CE | More
  9. Impact investing in the context of a diversified portfolio

    This paper presents evidence to suggest that an allocation to impact investments can contribute potential portfolio benefits from the risk-return profile and low correlation with other asset classes.

    Tim Macready, CIMA® & Simba Marekera, Brightlight Impact Advisory | 03-05-17 | 0.50 CE | More
  10. Research Review: Only in Scandinavia?

    Do professional investors do better when investing on their own behalf? What is the relationship between the remuneration of professional investors and performance? What role to gender and age play in the use of ETFs?

    Ron Bird, University of Technology Sydney | 10-04-17 | More
  11. Issues in long-term investing - part 1

    Short-term thinking in finance is nothing new. The benefits of long-term investing extend beyond just being able to invest in illiquid assets. Patience can pay its own dividend.

    Keith Suter, Geoff Warren, Ian Patrick | 10-04-17 | 1.00 CE | More
  12. A client's life is a mix of stocks & bonds

    It is time to properly account for risk characteristics of client’s most valuable asset - their human capital. This isn’t easy to implement and places practitioners in a difficult situation...

    Moshe Milevsky, York University | 24-03-17 | 1.00 CE | More
  13. Behavioral biases & hierarchy of retirement needs

    Research suggests we mentally account for income and assets with an intrinsic hierarchy of priorities - a "hierarchy of retirement needs". So retirement income strategies should be reframed to answer three questions.

    Michael Kitces, Nerd's Eye View | 23-03-17 | More
  14. Four fundamental portfolio construction decisions

    Markets Summit 2017 delivered 20+ high conviction ideas on how the winds of change are affecting the outlook for economies and asset classes - and delegates were asked to convert the insights into four fundamental portfolio construction decisions.

    Will Jackson, PortfolioConstruction Forum | 06-03-17 | More
  15. The wrong side of maybe fallacy

    Monte Carlo analysis is commonly used to evaluate retirement spending plans - but our cognitive and behavioural biases may interfere with proper interpretation of the results.

    Michael Kitces, Nerd's Eye View | 28-02-17 | More
  16. Low interest rates matter. So do imputation credits

    A recent, widely circulated article suggested the major Australian banks are overpriced. But including the effect of imputation and a view on interest rates makes a huge difference...

    Tim Farrelly, farrelly's | 27-02-17 | More
  17. Finology Summit 2017 - The winds of change - key takeouts

    Finology Summit 2017 focused on how "The winds of change" are affecting how investors think and behave with respect to money, and how we can better to relate with them. Here are our key takeouts.

    23-02-17 | More
  18. Markets Summit 2017 - The winds of change - key takeouts

    Markets Summit 2017 delivered 20+ high conviction ideas on how the winds of change are affecting the outlook for economies and asset classes - and the implications for portfolios. Here are our key takeouts.

    17-02-17 | More
  19. Focus investors on goals with a retirement spending policy

    A formal, written spending policy can help investors focus on what's really important - will they meet their goals?

    Tim Farrelly, farrelly's | 15-02-17 | 0.25 CE | More
  20. The winds have changed

    The tectonic plates of the political and economic landscape are rupturing. Brace yourselves for a wild and entertaining ride...

    Jonathan Pain, The Pain Report | 14-02-17 | 0.25 CE | 1 comment | More
  21. Winds have changed

    The tectonic plates of the political and economic landscape are rupturing. Brace yourselves for a wild and entertaining ride...

    Jonathan Pain, The Pain Report | 14-02-17 | 0.25 CE | More
  22. Now is the time to accumulate duration

    As 2017 began, there was (once again) an air of optimism that interest rates are about to return to normal. This optimism dismisses the significant structural headwinds that are prevalent.

    Brett Lewthwaite, Macquarie Investment Management | 14-02-17 | 0.25 CE | 3 comments | More
  23. There are 4 fundamental decisions to make now for portfolios

    When positioning a multi-asset, portfolio for the medium-term, there are four fundamental decisions we must make now. They are, in some cases, interdependent.

    Tim Farrelly, farrelly's | 14-02-17 | 0.25 CE | More
  24. The hunt for yield is over

    Money velocity is accelerating in the US and UK, as commercial banks rediscover their appetite for risk and the two economies continue to normalise. The shift has significant implications for asset allocators.

    Chris Watling, Longview Economics | 14-02-17 | 2 comments | More
  25. Don't confuse the winds of change with "hot air"

    The biggest portfolio risk in 2017 will be over confidence in assigning scenario probabilities. Don't confuse the winds of change with "hot air" when it comes to portfolio construction.

    Robert Mead, PIMCO | 14-02-17 | 0.25 CE | More
  26. Panel: The winds of change

    Partners Group's Charles Dallara, Lazard's Ron Temple, and Magellan's Hamish Douglass debate the winds of change sweeping through the global economy and equity markets.

    Panel | 14-02-17 | 0.25 CE | More
  27. Don't confuse winds of change with "hot air"

    The biggest portfolio risk in 2017 will be over confidence in assigning scenario probabilities. Don't confuse the winds of change with "hot air" when it comes to portfolio construction.

    Robert Mead, PIMCO | 14-02-17 | 0.25 CE | More
  28. Trump the game changer - the only certainty now is uncertainty

    2017 will present many risks and opportunities, as the winds of change sweep through the global economy and markets. Geopolitics will dominate. The only certainty for 2017 is uncertainty.

    Stephen Halmarick, Colonial First State Global Asset Management | 14-02-17 | 0.25 CE | 3 comments | More
  29. Backgrounder: 5 Megatrends driving portfolio construction

    In 2002, we embarked on a quest to identify the secular forces which would substantially influence markets over the coming decade. We proposed five megatrends - which still drive portfolio construction today.

    Will Jackson, PortfolioConstruction Forum | 13-02-17 | More
  30. Research Roundtable International 2016 - key takeouts

    Put 10 senior Australian fund analysts on an eight-day CE program to the west coast of the USA? Inevitably, the group debated their views on many issues.

    Will Jackson, PortfolioConstruction Forum | 02-02-17 | 2 comments | More
  31. A two-dimensional risk tolerance assessment process

    Beware using risk tolerance assessment tools that blend risk tolerance and risk capacity into a single result. The two need to be measured separately.

    Michael Kitces, Nerd's Eye View | 30-01-17 | 2 comments | More
  32. Does political analysis matter when investing?

    Should we just keep our heads down and treat political events as nothing more than noise? 2017 is going to be a year when politics does matter. In fact, it always has.

    Jonathan Pain, The Pain Report | 28-01-17 | More