MB Fund podcast: Will Insolvencies topple the Australian economy? With Caroline Di Russo (Includes podcast version)

Markets have disconnected from reality. The economic fundamentals are almost as bad as they have ever been. But that hasn’t concerned markets in recent months, and it doesn’t look like concerning markets any time soon.  Therefore, we’re looking at factors that may bring markets back to earth, and believe corporate insolvencies may be a key piece of the puzzle

In today’s investment webinar, MB Fund’s Head of Investments Damien Klassen, Head of Operations Tim Fuller and Sky new contributor specialising in insolvencies Caroline Di Russo discuss if Insolvencies will topple the Australian economy.

View the webinar slides here

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Tim Fuller is Head of Operations at the MacroBusiness Fund, which is powered by Nucleus Wealth.

The information on this blog contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Tim Fuller is an authorised representative of Nucleus Wealth Management, a Corporate Authorised Representative of Nucleus Advice Pty Ltd – AFSL 515796.

Tim Fuller

Comments

    • DominicMEMBER

      I have a vague idea there has been some jiggery-pokery like that … not sure what the details are, but I believe it relates to laws around trading while insolvent and protection from creditors. The deal being that if a company is found to be trading while insolvent and it is proven the directors knew it, then the directors become personally liable and the creditors can go after their personal assets.

      In practical terms, most directors of businesses that have significant exposure to creditors in the course of business don’t keep too many valuable assets in their name anyway. Wifey tends to be rich, on paper (which is why it’s best not to be caught banging the work-experience girl / secretary etc).

  1. robert2013MEMBER

    I would love listen to these but they’re just too long. Half an hour is my limit.

    • Tim FullerMEMBER

      Thanks for the feedback Robert, unfortunately we don’t feel 30 minutes is enough time to cover these topics thoroughly. Especially if there’s a guest joining. In a lot of episodes we do a wrap-up at the end of how we see this impacting investments, markets or the economy. So you might like to just listen to the last 10min of each

  2. Bear Bullwinkle

    Spending 60K on handbags to get the 15K handbag you want… Hermes is blessed with such customers.

  3. BoomToBustMEMBER

    interesting listen, definitely to long for for no real clear thought or conclusion on the subject matter at hand.

  4. working class hamMEMBER

    On board with those points.
    Discovery on this issue will be a real pressure test.

  5. What happens when self managed super funds go into negative equity? I understand they own a lot of investment properties? Can you jingle mail on a SMSF property without risking the family home? Also family trusts if your family home is in the trust and negatively geared property is outside of it can you just cut your losses? ( i know a few people with these sort of structures) curious about this as im guessing a lot of properties will go this way.

    • DominicMEMBER

      There was a comment on here the other day that SMSFs that have loans can secure them on the associated property only — not the other assets in the SMSF, but that lenders typically seek additional security via personal guarantees of the SMSF holder i.e. any other assets of the SMSF-holder outside the SMSF. There’s no jingle mail — you’re on the hook for every cent of the loan.