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

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.

Another major licensee has reportedly fallen for the hybrid scare campaigns, insisting bank hybrids securities be treated as equities. The premise is hopelessly flawed.

The Australian sharemarket’s high weight to resource stocks is an accident of history and geography. A lower than market cap weight to resource stocks in portfolios seems much more sensible.

The latest reason offered as to why not to buy Australia's major banks is that their margins could be taken away by a well resourced disrupter. Should we not own the banks, as a result?

Australian banks face a number of headwinds - they are real, but could better be described as zephyrs. The market has overreacted. Buy the banks.

How long is it since Australia had a recession? Most would say 26 years. A world record. By looking at the data a little differently, we may not be so sure that Australia has gone 26 years without a hiccup.

QE has caused massive investment distortions. Ditto the ZIRP and NIRP policies of many central banks. Beware - the chickens are coming home to roost! It seems plausible, but...

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.

One of the most important decisions facing retirees is working out how much can be “safely” spent without the risk of exhausting capital. This session reviewed the different approaches to create a formal, written spending policy.

While record low interest rates worldwide (negative in many countries) mean low returns on government bonds, it doesn't necessarily mean low returns across the board. This is not a time to be fearful.

We're often told that the answer to managing sequencing risk lies in locking into low volatility, low return strategies. It’s nuts and you can clearly see it’s nuts!

Often in markets, you do get the feeling that somehow we've been here before. But things are never quite the same. Looking at some examples from the past, particularly Japan, we can see what can we learn and apply to our investment decisions going forward.

For a number of years, many fund managers have maintained that country and regional analysis are no basis for making asset allocation decisions. It's nuts and you can clearly see it's nuts.

The FSC has called for a cut in the company tax rate to 22%, funded by an increase in the GST. It's hard to see why FSC made this call, particularly given that its stated number one priority is "working to improve the well-being of all Australians".

With interest rates at record lows, it is a really good time to revisit how we build debt portfolios. A three box approach can really help in making and communicating investment decisions for the secure part of their portfolio in the new, low interest rate environment.

The Australian residential property market is stretched. But about to crash, triggering a recession? It's nuts and you can clearly see it's nuts.

Having a clear investment philosophy based on our own belief set - a living document that we evolve and sharpen over time - is the best tool to making investment decisions under uncertainty.

We hear this one a lot. It's incredibly misleading. Bank hybrids offer better than bond returns with higher risk, and lower than equity returns with much lower than equity risk.

If you have a DIMS license, you are required to stress test portfolios. Here are two practical approaches to stress testing, and the strengths and weaknesses of each to help you build your approach to portfolio stress testing.