Forum Fodder

Portfolio Construction Forum | 12 March 2021

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Forum Fodder | Friday 12 March 2021
“The cash rate is very likely to remain at its current level until at least 2024.” - Philip Lowe, governor of the Reserve Bank of Australia (11 March 2021, The Australian Financial Review)
All the best for another week’s continuing education!
Graham

LATEST ON-DEMAND CE…

Markets

The COVID bubble
The same millennials who were shafted over a decade ago are being duped again. Workers who rely on gig, part-time, or freelance “employment” are being offered a new rope with which to hang themselves.
Nouriel Roubini, Roubini Macro Associates | Read


Markets | As seen at Markets Summit 2021 last week

Be optimistic, but beware - big risks lie ahead
A herculean tug of war between stronger economic growth and higher bond yields will be the defining battleground of 2021 and will be accompanied by violent and rapid-fire recalibrations of relative valuations.
Jonathan Pain, The Pain Report | 0.50 CE | Watch, Listen


Strategies

Investors have to accept more risk to meet their goals
In a low return environment, investors just have to accept more risk in order to meet their goals? On the face of it, this seems self evident and may even have a large element of truth. But, for many, it may be a very, very poor strategy.
Tim Farrelly, farrelly’s Investment Strategy | Read


Markets

Welcome to the Roaring 20s and all its dangers
After the First World War, we got the Roaring 20s. Now, a century later, it looks like we are going to do the same again.
Andrew Inwood, CoreData | Read


Finology

Backgrounder: Finology
Finology - behavioural FINance and investor psychOLOGY - knowledge and skills substantially enhance practitioners’ ability to communicate with clients and manage portfolios more effectively. This Backgrounder seeks to foster a greater understanding of and interest in finology.
Portfolio Construction Forum | 2.25 CE | Read


Finology | Invitation to investment advisers

Complimentary self-assessment to benchmark your Client Care & Practice knowledge and skills
FASEA requires that financial advisers continually improve their client care and practice knowledge and skills - doing so makes obvious business sense, as well. Our new Finology Benchmarking Indices (FBI) self assessment tool helps you benchmark your investing biases, beliefs and behaviours versus peers, to further empower your “client care and practice” knowledge and skills. It’s complimentary to our members who give investment advice, while we continue to develop it.
Portfolio Construction Forum | 0.50 CE | Take the FBI self-assessment

UPCOMING LIVE CE…

Markets

Finology Summit 2021 “Behavioural Finance and Investment Psychology” | AEST Wed 19 May 2021
Established in 2016, Finology Summit is THE behavioural finance (“fin”) and investment psychology (“ology”) program of the year. The program features an exceptional Faculty of experts from around the world, each offering their best high conviction ideas on behavioural finance and/or investor psychology, and the investment implications. Finology knowledge and skills help us better identify and understand how our own and other people’s different investing biases, beliefs and behaviours impact investment markets and portfolio construction practices - and therefore, investment outcomes - to enable better quality investor portfolios.
Mark Your Diary!  AEST Wed 19 May 2021 | Face-to-face or livestream!

RECENT ON-DEMAND CE…

Markets

The perils of an uneven global recovery
Economic recovery, like Covid-19 vaccines, will not be evenly distributed around the world over the coming two years. A rising tide of recovery is inevitable, but it will not lift all boats.
Kenneth Rogoff, Harvard University | Read


Markets | See more from Ngaire at Markets Summit 2021 in March

The brutal governance lessons of 2020
Covid-19 has offered some tough but useful lessons about governance. Many wealthy countries have not managed the crisis as well as many poorer and vulnerable countries.
Ngaire Woods, Oxford University | Read


Markets | Finology

5 reasons explaining recent market madness
The madness at the end of January around a few now-famous stocks can largely be explained by the fact that all of five conditions for market madness were met.
Woody Brock, SED | Read


Markets | Editor’s Pick! - As seen at Markets Summit 2020 last February

The black swan VUCA has arrived
Coronavirus represents a Black Swan event, the economic shock of which to China will reverberate around the world, thereby amplifying and exposing global economic weaknesses.
Jonathan Pain, The Pain Report | 0.25 CE | Watch, Listen


Finology

Backgrounder: Finology
Finology - behavioural FINance and investor psychOLOGY - knowledge and skills substantially enhance practitioners’ ability to communicate with clients and manage portfolios more effectively. This Backgrounder seeks to foster a greater understanding of and interest in finology.
Portfolio Construction Forum | 2.25 CE | Read


Markets

The BRICs at 20
November 2021 will mark the 20th anniversary of the BRIC acronym that I coined to capture the economic potential of Brazil, Russia, India, and China. Many commentators will be revisiting the concept - so here are my own thoughts on the matter.
Jim O’Neill, Chatham House | Read


Markets | Investing

21 global developments to watch over the next five years
I believe time allows signals to surface amidst the ubiquitous noise. In the spirit of Annie’s “just thinking about tomorrow…” in which she pleads for us to “hang on 'til tomorrow, come what may,” I present my 2021 predictions for the coming five years.
Vikram Mansharamani, Harvard University | Read


Markets

The Long View: Follow the herd?
In the early and middle stages of an economic expansion, running with the herd can be a beneficial and safe proposition. As this recovery unfolds, should investors break off, worried about the formation of a bubble?
Jeff Schulze, ClearBridge Investments | 0.50 CE | Read


Finology

Finance for normal people - how investors and markets behave
The first generation of behavioural finance described people as “irrational”, fooled into cognitive and emotional errors that diminish wealth. The second generation of behavioural finance describes people as “normal” - we use shortcuts and sometimes commit errors on the way to satisfying our wants.
Meir Statman, Santa Clara University | 0.50 CE | Read, Watch, Listen


Markets

The perils of an uneven global recovery
With property prices being pushed up there is a perceived wealth effect. Thus when a vaccine emerges we could see inflation kick in and the then we will have our next issue…
Troy Theobald, Robina Financial Solutions | Read


Finology

Backgrounder: Finology
Finology - behavioural FINance and investor psychOLOGY - knowledge and skills substantially enhance practitioners’ ability to communicate with clients and manage portfolios more effectively. This Backgrounder seeks to foster a greater understanding of and interest in finology.
Portfolio Construction Forum | 2.25 CE | Read

PLUS MORE ON-DEMAND CE…

Forum CE Library - over 575CE/CPD accredited learning resources
Complimentary for all Forum members, the Forum’s online on-demand CE Library offers over 540 CE/CPD hours of accredited learning resources, to help members meet the CE/CPD requirements of 20 governing bodies (regulators, associations, and institutes)
including ASIC, APRA, FASEA, FMA, AFA, FPA and CIMA® CE/CPD requirements, to name a few.
Earn CE/CPD hours


Forum CIMA CE Library - over 75 CE hours
This subset of the full Forum CE Library features just those learning resources that are accredited for CIMA CE hours, so CIMA certificants can more easily find learning resources to meet their recertification obligation (at the same time as meeting the CE/CPD requirements of other governing bodies e.g. ASIC, APRA, FASEA, FMA, etc).
Earn CIMA CE hours

KEEP IN TOUCH

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We also let my LinkedIn network know as soon as we release new articles on portfolioconstructionforum.edu.au and when registration opens for our face-to-face CE programs. If LinkedIn is more your thing than Twitter, I’d welcome you connecting. And of course, I’d welcome having an offline direct conversation with you any time.