Alan Kohler’s Overview
Published every Saturday
Alan proposes four rules for investing in Small Caps this week after presenting the keynote presentation at the Australian Microcap Investment Conference.
- An update on the Bondcano
- A review of the latest employment results
- Thoughts from Hugh Roberston on one of his favourite stocks
- And a look at Crown Casino’s fortunes
This week Daryl Wilson, Director of Cromwell Property Group, has chosen his top 3 Listed Investment Companies.
This week we’ve added some Income and Growth funds to our list, with some interesting opportunities for serious investors
This week on Talking Finance we’re going to dive into the water market, head up in a drone and add up the accounting software business.
And Felicity Emmet Head of Australian Economics with ANZ Research, reviews the first speech by our new Reserve Bank Governor Philip Lowe.
The Spotlight Podcast
In The Spotlight this week are exchange traded funds.
Alan sat down with Gary Stone, author of Blueprint for Wealth to discuss how these funds could be a solid option for retirement planning.
Plus, if you have 15 minutes per week you could grow your nest egg and better prepare for a financially secure retirement.
Success Stories Podcast
Lynne Thornton is a serial entrepreneur – the Californian native launched her first start up straight out of business school in the dot com era, then built a successful global funds management firm in Scotland before migrating to Australia. Surprised by the risk averse culture here, she has poured her energies into growing businesses and introducing women to angel investing through an innovative network called SCALE.
Exclusive Facebook Group
Question of the week
Q. Where does the idea that banks can run the economy come from?
A. They create the money! Money is created by taking a deposit then lending it out while keeping the deposit, which of course is still yours. The money then gets doubled, then tripled when it gets lent out and put into other banks.
Charts For Charts Sake
Chart of the week: Cutting work hours
This week we had it confirmed that the unemployment rate is no longer a good guide to what’s going on in the labour market. The reason is fundamental to Australia’s workplace culture and regulations: the unfair dismissal laws introduced by the Labor Party have made it very difficult for businesses to respond to changing conditions by sacking staff, as they used to. Instead, they cut back hours. They did it during and after the GFC, they did it during the retail downturn of 2013-14, and they’re doing it again now. As a result, the unemployment rate is falling, but all the jobs are part-time – full-time employment is in decline.
In a sense, Australia is becoming more Japanese: employment for life (if the worker wants it), with businesses gaining flexibility in their cost structure by changing hours worked, as shown by this chart: