MB fund

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MB Fund Q&A podcast: Markets, houses, hot stocks and the universe

Enjoy. Here’s the recent fund performance: Source: Linear, Factset The returns above include fees and trading costs on a $500,000 portfolio. Note that individual client performance will vary based on the amount invested, ethical overlays and the date of purchase. The benchmark returns do not include fees. October monthly returns are currently at 4.9% for

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How to position your money for the coming Labor government

That’s the question the AFR asked on the weekend, sensibly enough, given it is a near certainty: The newest of Shorten’s policies is a 30 per cent minimum tax rate on distributions to the adult beneficiaries of discretionary or family trusts. With farms exempt, the change will affect 2 per cent of taxpayers and 318,000

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The pros and cons of ethical investing

Ethical investing is frankly confusing. There are plenty of good products, but also a number of products whose promoters may not be as ethical as the stocks they invest in… For me, there are three key issues: What is the effect on investment performance How are the stocks chosen What are the fees Read on

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MB Fund webinar: markets, houses, hot stocks & the universe

Following the release of MB Fund October performance: we’ll be doing a live webinar on Tuesday November 14th at 12.30AEST in the afternoon. (It has been moved  from Thursday due to illness unfortunately) It is intended as a wide ranging macro and investment discussion covering everything from global stocks to local houses. David, Leith, Damien

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Mega-trends on the MB Fund radar

That’s a wrap on our latest Nucleus Wealth webinar entitled ‘Long Term Trends’ where Damien and I ran through some key world trends that a focus for how stocks are positioned in the MacroBusiness fund. We shot this live with Q and A at the end. Invites for the live stream and Q and A went

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MB Fund October portfolio performance

One of our core investment themes is that international stocks are the best asset class for Australian investors at this point in the cycle. To date, this has been the right call, with our international portfolio increasing almost 10% over the last 3 months on the back of a weak Australian dollar, favourable stock selection

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MB Fund rock-n-roll thunder tour (the movie)

For those who couldn’t make it in person to the MB fund rock-n-roll thunder tour events around the country, we recorded the Melbourne concert. The first video is me explaining the history of MB, it’s purpose and the evolution of the MB Fund. The second video is Leith explaining his history with MB. The third

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MB Fund September portfolio performance

During September the mix of the falling Australian dollar and increasing international equities saw all of our portfolios again outperform their benchmarks except the income portfolio. The international portfolio was the standout, up 4% for the month. Our overweight to international equities in our Asset Allocation portfolios helped to offset weakness in Australian equities and

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MB Fund Perth event tomorrow

The MB Fund rock-n-roll thunder tour rolls into Perth this week. Other city legs left screaming teens prostrate on the tarmac… OK, not really, but they were very well received with lively discussion on the prospects for China, iron ore, house prices, the Australian dollar, interest rates, bitcoin, the economy, shares, population and the political economy. It was terrific

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MB Fund August performance

Apologies for the lateness of this report, we are still getting reporting systems ironed out with our portfolio provider – you will be hearing from us much earlier for the next monthly report. While some of the key trends that we are positioning the portfolio for moved against us last month (bonds and the Australian

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Global funds flee “structurally impeded” ASX

Via Domainfax: An analysis of 586 large long-only funds managing $1.4 trillion shows money managers are decidedly underweight Australian shares, making the ASX the most underweighted index in the region for the third month in a row, according to Bank of America Merrill Lynch. The disproportionate composition of the ASX200 – comprising largely banks and

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MB Fund rock-n-roll thunder tour in Canberra, Melbourne this week

The MB Fund rock-n-roll thunder tour rolls into Canberra and Melbourne this week. The Brisbane, Adelaide and Sydney legs left screaming teens prostrate on the tarmac… OK, not really, but they were very well received with lively discussion on the prospects for house prices, the Australian dollar, interest rates, bitcoin, the economy, shares, population and the political economy.

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MB Fund rock-n-roll thunder tour hits Sydney tonight!

The MB Fund rock-n-roll thunder tour rolls into Sydney tonight.  The Brisbane and Adelaide legs left screaming teens prostrate on the tarmac… OK, not really, but they were very well received with lively discussion on the prospects for house prices, the Australian dollar, interest rates, bitcoin, the economy, shares, population and the political economy. It was terrific

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MB Fund does Brisvegas

Apologies for light posting this morning. I’m fresh off the plane from Brisvegas where the MB Fund rock-n-roll thunder tour performed last night. Thanks everyone for coming. It was great to meet you and another round of terrific discussion. Next it is on to Sydney where we plan to tear the financial market towers from

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MB Fund seminar in Adelaide tomorrow night!

A reminder that if you’re in Adelaide tomorrow night your social standing is at risk if you miss the hottest event since The Beatles visited in 1964. Presentations will include: LVO dishing dirt on the disaster that is mainstream economics; DLS dishing dirt on the disaster that is market economics; DK on how to make a

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Asset allocation vs stock selection in portfolio returns

There was another entry into the academic statistical war that makes up the debate between whether asset allocation or stock selection is more important from ReSolve Asset Management recently. The full paper is technical, full of principle component analysis and the discussion of the appropriate correlations to use between markets (if that sort of thing appeals

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Announcing the MB Fund seminar series

The chances are that you read Macrobusiness for no-nonsense, unbiased insight into the most pertinent issues in today’s macroeconomic climate. So do over 120,000 other people around the world per month. Now you have a chance to meet the team in person, talk investments, hear first hand about how the popular blog was founded, how

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International shares are less volatile than Australian

Investing can be a volatile ride, the last few days have reminded us. The last few days have also reminded us why holding international equities is often beneficial for Australian investors – the Australian dollar acts as a shock absorber on returns when volatility hits, which is exactly the opposite effect that international investors get investing

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Where to invest internationally

Given: (1) a spike in the AUD to 80c vs the USD (2) an increase in the interest in our international fund and (3) that our tactical asset allocation portfolios remain heavily overweight international, I thought it worth expanding on our international equities portfolio and its exposures. It’s a tough time to be making investment

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Are electric vehicles cost-competitive?

The biggest risk to the thoughts I have presented on energy costs are the assumptions about the cost of batteries. Battery costs have been shrinking at 20% per annum for the last few years. If that cost improvement continues for the next 5-10 years then disruption for the energy sector will have arrived. If it

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Spaceship deemed Space Cowboy

People in glass houses shouldn’t throw stones, so are we going to let Graham Hand toss a few rocks for us at of one of the larger players in the online superannuation space, Spaceship: Spaceship recently said it had almost reached $100 million under management, an incredible amount for a startup. On 1 June 2017, The Australian

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Energy/Battery price update

Last week we got an update from the US EIA on the growing differential between electricity prices throughout the day – the spread is now out to $45/mWh between prices at 1pm and prices at 8pm: Source: EIA Given this, it is worth a quick update of where prices stand in our journey to energy