The Australian investment landscape is dominated by oligopolies.
Many of these oligopolies are large donors to both sides of politics and seem to get an easy run when it comes to tax and regulation.
Michael West runs a website that focuses on independent journalism. Part of what he does is hold companies accountable over unpaid tax, poor corporate practices and government/regulatory concerns.
There is a good argument, that in Australia over the last 20 years, some of the best investments you could have made are in regulated companies and vested interests.
Socially and ethically, we are supporters of Michael’s work and supportive of change.
As an investor, you need to invest in what the world is, not what it should be. You need to be aware that much of the value in particular Australian stocks is tied to their closeness to regulators and political parties. If this changes, then the winners/losers in the stock market could change dramatically.
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer Damien Klassen, Senior Financial Adviser Samuel Kerr and Michael West delve into this topic.
Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos.
Samuel Kerr is a Senior Financial Adviser 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. Samuel Kerr is an Authorised Representative of Nucleus Advice Pty Limited, Australian Financial Services Licensee 515796. And Nucleus Wealth is a Corporate Authorised Representative of Nucleus Advice Pty Ltd.