Forum Fodder | Friday 24 May 2019
You'll never know everything about anything, especially something you love.
- Julia Child
All the best for another week's continuing education! - Graham

LATEST ONLINE CE...

Philosophy | Markets
A carbon dividend is better than a carbon tax
To tackle climate change, a carbon tax is immensely popular among economists. But it imposes the same cost on the rich and poor. Instead, a carbon dividend would be a smart step – and one that wouldn’t invite a yellow vest reaction.
Mark Paul & Anthony Underwood | More

Markets
Is the dollar really doomed?
Five misplaced concerns about the future of the dollar cast doubt on forecasts of a long-run collapse in the dollar.
Woody Brock, SED | 0.50 CE | More

Philosophy | Strategies | Investing
Alternative investments - what, how and why?
The definition of the "alternative investment" asset class is one of the most debated and important. Quality portfolio construction is built on a contemporary and defensible philosophy – a key element of which is how asset classes are well defined. What is your philosophy?
Graham Rich, Portfolio Construction Forum | More

Finology
Applying language research to real life conversations
Practitioners need to know what words to use, what words to lose - and be able to apply that knowledge - to improve their conversations with clients about fees, regulations and new investment strategies.
Gary DeMoss, Invesco Consulting | 1.50 CE | More

Markets
Europe will trigger the next global volatility event
Slowing growth with extreme recession risk, coupled with a combative populist government, may well see Italy trigger a crisis in European debt and the currency which will cause a substantial global volatility event.
Vimal Gor, Pendal Group | 0.25 CE | More

UPCOMING FACE-TO-FACE CE...

Certified Investment Management Analyst^® (CIMA^®)
Are you involved in any aspect of constructing multi-manager portfolios?
CIMA certification is the peak, international technical portfolio construction certification program designed for investment management analysts – that is, those involved in any aspect of constructing multi-manager portfolios, whether practitioner or advocate. Stand for more - more knowledge, skill and expertise - with CIMA certification.
Find out more and enrol now!

RECENT ONLINE CE...

Markets
We are all active investors now
Rather than worrying about whether portfolios are actively or passively managed, investors should focus on strategic asset allocation. The tired active-passive investment debate has run its course.
Larry Hatheway, GAM Investments | More

Markets | Strategies
The race of our lives revisited (in a nutshell)
Climate change has moved faster than most thought possible. There will be exciting investment opportunities in companies focused on climate change mitigation and adaptation.
Jeremy Grantham, GMO | 1.00 CE | More

Strategies | Investing
Research Review: About active and passive
A recent paper looks at the implications of passive investing for market stability, while a second describes different shades of alpha for active and index investing. A third reviews the impact of luck on portfolio rebalancing outcomes.
Ron Bird, Investment Management Research Program | 1.00 CE | More

Investing | Finology
Behavioural finance competence is a must to Know Your Product
We must fully understand a fund’s performance to achieve best practice portfolio construction and recommend client solutions that truly reflect their investment beliefs and avoid unwanted biases.
Michael Furey, Delta Research & Advisory | 0.50 CE | More

Markets
There will be no global recession in 2019 or 2020
Investors are so focused on predicting the end of this economic cycle they have missed the fact that it simply won't. A recession will be avoided and the cycle will extend.
Bob Michele, JP Morgan Asset Management | 0.25 CE | More

Markets
Leave the renminbi out of US-China trade talks
If a final US-China trade deal prevents China from gaining greater monetary-policy autonomy, it could create major problems when the next big Asian recession hits.
Kenneth Rogoff, Harvard University | More

Markets
Residential property prices are falling - what's next?
The long boom in Australian residential property prices seems to have finally come to an end. The decline in prices will cause the Australian economy to slow somewhat, but will not cause a recession.
Tim Farrelly, farrelly's Investment Strategy | 0.25 CE | More

Strategies
Uncertainty requires more dynamism in delivering outcomes
Few clients have the 20-year horizon required for today's strategically-oriented models to become consistent with suggested outcomes, such as CPI+4%. This builds in a structural mismatch.
Michael Kelly, PineBridge Investments | 0.25 CE | More

Finology
Family matters - clients' family business is your business
Individuals live as part of a broader system of interconnected networks and relationships. There are advantages - for you and for them - in thinking about the client as part of a family dynamic.
Joanne Earl, Macquarie University | 1.00 CE | More

Finology
Personality can reveal what clients want and how they want it
The Big Five personality traits offer insights into the behavioural headwinds (or tailwinds) clients might encounter in achieving their financial goals, and the most effective way of dispensing advice to them.
Herman Brodie, Prospecta Limited | 1.00 CE | More

Unsustainable policy
Franking credit rebates are unsustainable, and in my opinion the policy needs to be changed as more and more people take advantage...
Phil Webb, Ethinvest | More

But after all the debate the policy still won't work
I think a better plan would be to stop franking credit refunds, as well as instituting a 5% earnings tax rate on all pension accounts...
Greig Meyer, PKF Wealth| More

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