Hello and welcome to this month's edition of Investment
insights, and our final communication for 2014.
In this edition we turn to a semi regular contributor, Jim
Parker, who has penned an excellent piece titled 'Festive
Forecasting'. In the piece, Jim goes back 12 months to look at
the 'Top 100 Picks' from The Australian, along with some
foresight from the Sydney Morning Herald. After acknowledging that
making investment decisions on the opinion of others will produce a
combination of both winners and losers, he notes that "It
seems pretty clear that basing your investment strategy upon the
forecasts of share analysts, economists and journalists about the
outlook for individual companies, sectors, industries and the
broader Australian and global economy is a dicey
Click here to read the article.
Daniel Minihan, our Director of Wealth Management, recently
wrote a similar piece titled '
Where are all the Yacht's?' which references a book
written in 1940 and highlights that it was those giving the advice
that owned the Yacht's, not the clients receiving the
The point of these two pieces, is not to say that either Jim or
Daniel have all the answers, but rather to remind you that making
investment decisions on the forecasts of others is not necessarily
the best approach to a long term investment strategy.
So as we move to the conclusion of another year and look forward
to a well earned couple of weeks off, you may decide to read the
papers and make some decisions about how to invest your money in
2015. By all means do this, but after you have read what the
forecasters are telling you, here are a few more pieces that we
have come across this year that might temper your enthusiasm to
follow the herd.
Wishing everyone a safe and happy Christmas and New Year and, as
always, if you would like to discuss your portfolio or any aspect
of your financial affairs, click on the links below to contact one
of our advisers today.
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