28 Feb 2023
Warren Buffett, The Oracle of Omaha: Track record
- Posted by Dejan Pekic BCom DipFP CFP GAICD
Warren Buffett age 92 is the Chairman and CEO of Berkshire Hathaway.
Berkshire Hathaway is effectively a LIC (Listed Investment Company) which invests in both listed companies and private companies.
Buffett together with his co-Portfolio Manager Charlie Munger age 99 have been making the investment decisions for 58 years (1965-2022) and their track record against the index is next level.
At the end of December 2022 it stands at 9.9% per annum in excess performance over 58 years for a diversified portfolio of 65 distinct companies.
Click to read.
Hard to imagine that this track record of consistency will be beaten going forward.
If you have family, friends or colleagues that want financial advice please ask them to contact us and we will work out how best to help.
24 Feb 2023
Australian Entrepreneurs: Meetmagic
- Posted by Dejan Pekic BCom DipFP CFP GAICD
First met Carl Gough late last year, he is Founder and CEO of Meetmagic which is a business that donates Millions to save the planet.
A fascinating character, insightful, funny and wants to change the World for the better.
Click to watch.
If you have family, friends or colleagues that want financial advice please ask them to contact us and we will work out how best to help.
22 Feb 2023
World Economic Forum: Antarctica is melting
- Posted by Dejan Pekic BCom DipFP CFP GAICD
Climate change has always been part of Earths past and will be part of its future.
The key questions is what impact is the human race having on accelerating climate change because we need somewhere to live. There is no alternate planet for us.
The World Economic Forum is publishing extreme warnings because the research is saying that human pollution is accelerating the speed at which ice is melting in Antarctica.
Click to read.
We expect that the World will move to an accelerated decarbonisation path and a faster reduction in fossil fuels as sea levels rise.
If you have family, friends or colleagues that want financial advice please ask them to contact us and we will work out how best to help.
17 Feb 2023
Friday Tidbit
- Posted by Dejan Pekic BCom DipFP CFP GAICD
Raising interest is extremely unpopular however it is having the desired effect.
Inflation is slowing in Australia which implies that the RBA should be close to the end of increasing interest rates.
Click for chart.
This is good news.
If you have family, friends or colleagues that want financial advice please ask them to contact us and we will work out how best to help.
8 Feb 2023
US Recession Indicator: Rising Interest Rates
- Posted by Dejan Pekic BCom DipFP CFP GAICD
Jerome Powell, Chair of US Federal Reserve increased interest rates 0.25% last week and Philip Lowe, Governor of the RBA increased interest rates by 0.25% yesterday.
Both have stated that they intend to continue to increase interest rates until the inflation turns down.
What does this mean? Trouble.
Financial asset prices are current surging upwards from last year’s lows in the expectation that inflation is coming under control expect the US Federal Reserve to reduce the size and frequency of interest rates hikes.
It still however does not means that asset prices will only increase from here.
Much of the current research points to a rapidly slowing US with the likelihood of a recession this year almost a certainty.
How server and how long will this US recession last is not known but it will negatively impact asset prices when it hits.
Click for charts.
The important point to remember is that even if the United States and or Australia do go into recession then it will become an even better time for investors to buy more quality asset at a discounted price.
If you have family, friends or colleagues that want financial advice please ask them to contact us and we will work out how best to help.
2 Feb 2023
Disruptive Technology: Big Ideas
- Posted by Dejan Pekic BCom DipFP CFP GAICD
It is difficult to disagree with the statement that ‘software is consuming the World’.
If you have any doubts that tech is the future of investing then have a read of the following research paper.
The research details technological convergence, artificial intelligence, digital consumers and wallets, public blockchains, bitcoin, smart contract networks, precision therapies, molecular cancer diagnostics, electric vehicles, autonomous ride and logistics, robotics, 3D printing and orbital aerospace.
Click to read.
If you have family, friends or colleagues that want financial advice please ask them to contact us and we will work out how best to help.
