MB Fund Podcast: How to position your portfolio for the great Inflation head fake

In today’s investment podcast MB Fund’s Chief Strategist David Llewellyn Smith, Head of Investments Damien Klassen, and Head of Advice Tim Fuller cover the final in our series of three podcasts on the contrarian view for inflation. This time we look at what to do from an investment perspective.
On the agenda:
  • Now vs History
  • Commodity prices
  • Inventory Cycle
  • Scenarios
  • Investment positioning
View the presentation slides

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


Tim Fuller


  1. MathiasMEMBER

    Really awesome. Scary stuff. Davids a legend.

    I’ve got money that I dont like to lose. Being part of the persecuted non-boomer generation, I like to keep it safe and secure. Presently, Im hedged USD / Gold Silver. The hit of a button and it all goes USD.

    I also have a Forex account which I continue to build up and draw upon, which I occasionally make withdraws to prop up my other money.

    A long time ago, I had a conversation with one of my mates. He was complaining and really upset about money. We got in a huge conversation and the verdict of that conversation was, ” You probably depend on money too much “. I think money is a horrible thing who’s only real purpose is so someone else can syphon it off you. When you have fruit on a fruit tree, its hard to syphon that off or tax it so we convert everything into money so its all taxable.

    I try and live on as little money as I possibly can. I try and get my bills down to virtually nothing, eat the fruit from my garden, the solar power from my panels, the water from tanks so my bills are next to nothing.

    Australia is filled with crocodiles. As growth deteriorates, the need for people to own your money seems more and more. Society has made it next to impossible to live without money which is why I’ve had a sudden interest in the natural aspects of my life. I have no debt. I dont even own a credit card. People keep trying to put me into debt and I keep telling them which orifice to shove it. I had a situation with a certain group trying to push debt onto me a while back. When they knew I was prepared to take it legal, they backed off. They knew they’d lose because they had nothing over me. They where bullys. Nothing more.

    Sadly, this is the country we now live in.

    The one thing I do hate about Investing is Tax. I have no problem with supporting the community but I hate the fact that Im paying for some baby boomer bludger who doesnt even like the young anyway. Im paying tax to fund people who hate me and I have a serious problem with that. Furthermore, the paperwork infuriates the hell out of me. International Trading is bloody irritating. Two sets of taxation and really annoying. I hate it, which is why I avoid it. Sure, if you dont like doing it yourself then thats a great reason you’d get a third party. Give your money to someone else and let them manage it ( like Nucleus Wealth ). Not a bad idea. Its crossed my mind. I’ve certainly thought about it. So why havent I done it? Well, probably because over the past 12 months, I’ve earned more. When I add up the percentages for what Nucleus is offering, I can only conclude that huge amounts of profits are being syphoned off into overheads and it just isnt worth it. Its easier to just hold it and trade it at my own leisure.

    MB is awesome. I’ve been a huge fan of MB but at this present moment, I wouldnt step into Nucleus Wealth. Maybe if I had my own house and didnt care about money I would but while I’ve got things I want to do with my life, I’d rather take matters into my own hands, because with House Prices rising each year, Im not in a position to be generous.

    I bought silver at 16. I’ll probably sell it for a lot more then that. If I’d been with Nucleus during that period, the money I would of earned would have been less. MB seems awesome but Nucleus Wealth just doesnt seem all that interesting to me. As for Martin North, I’d rather be homeless then give that man a single cent. He’s a scoundrel and I dont like the guy.

    I reckon I must be one of the few people in this entire Country who isnt a Drug Dealer or involved in some kind of organised crime. I actually work for a living ( which is somewhat unusual ). Most of the woman I know are whores and most of the men I know are engaged in government fraud or some form of organised crime. 70% of this country is dishonest and can not be trusted.

    My generation didnt have the luxury of Trust. We grew up hated by the Boomer Social Demographic. If inflation falls, as predicted, things only get worse for people like me. This country has basically walked all over my generation, bullied me and ran entire governments against me. Trust is not something I have a lot of. If you have it, consider yourself lucky. This is not a nice country and its only going to get worse. After a lifetime of a country thats demonstrated its hated me ( and my generation ), trust is not something I give willingly. Im saying what others in my generation would say. Its probably why they want Gold / Silver so much, because they have no faith in Australias Government anymore.

    • Jumping jack flash

      Not advice by any stretch of the imagination, but I have about 40% of my super with Nucleus now and it has pretty much maintained its value, which is significantly better performance than when I had it with a mainstream fund.
      That said, the last few months Nucleus is kicking it! I don’t know what they did, but they need to do more of it!

      I have the other 60% in cash and it grows purely from contributions.

      I like to keep both accounts about the same so my super is split 50-50 between low risk and slightly higher risk, but I was cautiously trying Nucleus before I went all in. Probably at the end of next fin. year I’ll rebalance and maybe even move my contributions across as well, possibly get a bit more risky, but I’ll see how it goes over the next 12 months first.

  2. MathiasMEMBER

    My only ambition in life is to hate and steal from boomers ;p I’ve been doing it for 20 years and I’ll be doing it for another 20.

    My HATE for Boomers is now overwhelming… and I dont think Boomers realise just how much the young HATES you.

    Someone in this future eventually has to die. I just dont want it to be me 🙂