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Friday 27 April 201

8Specialist, independent, investment
continuing education, accreditation & certification

Forum Fodder | Friday 17 May 2019
Learning is not attained by chance, it must be sought for with ardor and attended to with diligence. - Abigail Adams
All the best for another week's continuing education! 
- Graham

LATEST 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 |
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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 |
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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 |
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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 |
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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 |
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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
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 |
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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 |
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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 |
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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 |
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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

Markets
Goldilocks growth
With Wall Street hitting all-time highs and the US economy certain to set a record in June 2019, the question now is whether this rebound will lead to a resumption of the bull market or turn out to be only a temporary bounce.
Anatole Kaletsky, GaveKal Draganomics |
More

Markets
Markets Summit 2019 key takeouts
These are my key takeouts from Markets Summit 2019's Faculty of 25 leading investment thinkers from around the world who offered their high conviction ideas on the drivers of and outlook for the markets.
Robert Huebscher, Advisor Perspectives |
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Markets
China is not in crisis, it's reforming
China is frequently presented as a source of crisis or instability for the global economy. However, the picture is one of imperfection, not peril.
Julian McCormack, Platinum Asset Management |
More

Finology
Applying behavioural finance in practice - part 1
Helping clients is about more than just educating them as to the right decision, it's also about helping them to actually take action.
Michael Kitces, Pinnacle Advisory Group | 0.75 CE |
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Finology
Portfolio design must evolve for the industry to survive
It is time to align client portfolios with the risks they face, founded in a language they understand. This requires a deep understanding and evidence-based approach to uncovering and forecasting client goals.
Wade Matterson, Milliman | 0.50 CE |
More

Spend your capital
I don't believe that superannuation was designed to offer anything more than a comfortable retirement...
Angus McLeod |
More

Missing the point of Tim's argument
To continue to provide franking credit refunds to an investor if they have their $1.6million in an industry fund, but no refund for an equivalent investor in a SMSF is an unbelievable attack on one particular form of superannuation...
Greig Meyer, PKF Wealth |
More

 

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