Losing wealth, health and life

Public hearings for the Financial Services Royal Commission, which resumed this week, are bringing to light some questionable practices in the sector – from lending beyond people’s means, to giving the wrong financial advice and charging for advice that was never given. Unaffordable home loans, poor financial advice and unmanageable consumer credit may have serious consequences for many Australians, beyond…

Details

Hedging Costs Money

Just a quick example for people who are keen on hedging or risk reduction. Hedging or risk reduction in any form acts as a drag on performance – this is a side effect of  what it is designed to do. The chart below is a performance comparison between GOLD and unhedged local gold ETF and…

Details