With the usual seasonal bleating about the RBA it is worth revisiting some wise works from Messers Clarke and Dawe.
More from Todays Age – The cynic in me really wants to suggest that the price retail investors will pay is that they may run into a broker who is able to pass an ethics test. Accreditation is a function of every industry but the financial sector has fought it at every step. In part,…Details
From today’s Age. Brokers are apparently whinging about having to do a compliance (read competency) test to stay in the industry. Find me an industry that doesn’t require some form of test of competency to be in it. Some of the nation’s most prominent stockbroking firms are railing against a mandatory ethics test that has…Details
One of the mistakes that new traders make is they hold the belief that the market will give them a salary much the same as any other employer would. When in fact the reality is very different – returns from markets are very lumpy and in part, I think it is this staccato nature of…Details
I have many annoyances with the way markets are presented to people and what may or may not be essential for trading success. I only know three things about trading. If it is trending up buy it, if it trending down sell it, and don’t bet the farm. Everything else is fluff. One of the…Details
Macquarie Group has paid $6 million to settle a five-year legal dispute with Ballarat businessman Brendan James who accused its investment advisers of artificially inflating the price of a small mining company and encouraging him to buy more shares when it proved to be worthless. An adviser at the nation’s largest investment bank then sold…Details
Two Macquarie Group executives repeatedly drugged a colleague with valium and laxatives during a business trip to South America in a “malicious” attempt to discredit him. Within hours of the dangerous prank, several photographs of the unconscious man had been emailed from Chile to Australia, where they were circulated among Macquarie stockbrokers in Melbourne and…Details