Investor's Voice

The economics of a business drives long-term investment returns.

While biases and experiences will at best provide a flawed view of both what the future holds, and what our abilities to discern it to be, we must nevertheless make investment decisions into the unknowable.

If Labor's franking credit policy is legislated, it could actually result in an increase in SMSF numbers.

A range of indices are all moving higher, supporting an improved economic outlook.

Our assessment of the economic and investment implications of COVID-19 depends on three fundamental issues - The length of the output gap, the policy responses to mitigate the output gap, and if the crisis results in fundamental and lasting changes in consumer behaviour.

At times, it seems financial markets move in mysterious ways, confounding most observers and commentators on the sidelines.