Australians pay waaaaaaaaaaaay too much tax. We’ve highlighted before that the government’s total tax intake is around 40% of GDP. We’re aware the government enjoys expressing things as a percentage of GDP, although we haven’t heard them mention that statistic too often. So, we thought we would pay a visit to the Australia’s Future Tax System website, and in particular drop-in on the terms of reference for the review…
May 27th, 2009 | Kris Sayce | 9 comments | ContinuedArchive for Kris Sayce
Kris Sayce began his financial career in the City of London as a broker specializing in small cap stocks listed on London's Alternative Investment Market (AIM). At one of Australia's leading wealth management firms, Kris was a fully accredited adviser in Shares, Options and Warrants, and Foreign Exchange. Kris was instrumental in helping to establish the Australian version of the Daily Reckoning e-newsletter in 2005. In late 2006, he joined the Melbourne team of the leading CFD provider in Australia.
Is Kevin Rudd Planning to Steal Your Superannuation and Bankrupt Your Retirement?
Is Kevin Rudd coming for YOUR retirement cash? The next logical step is for the government to grab the superannuation balances of all working Australians. Read on…
May 19th, 2009 | Kris Sayce | 34 comments | Continued
Australian Investment: Shares or Property?
The trouble is, now is exactly the wrong time to get out of the stock market. Instead, what most investors should be doing is taking a look at their portfolio and – in the words of fund managers – rebalancing it.
April 2nd, 2009 | Kris Sayce | 7 comments | Continued
The Problem With a Well-Diversified Portfolio
But of course, it’s not in the interests of fund managers to promote such a strategy. They want to convince you that managing investments is too hard for the average punter – leave it to them, your money will be safe in their hands… No thanks.
March 19th, 2009 | Kris Sayce | 7 comments | Continued
The Path Towards Rampant Inflation
This weekend I’ll republish an article that I wrote for Daily Reckoning readers on Tuesday… It isn’t a four-letter word uttered by Prime Minister Kevin Rudd on TV at the weekend that continues to get everyone in a tizz. Instead it’s four-little-words that everyone is rushing to embrace. Words that define the resurgence of a failed and discredited economic theory…
March 14th, 2009 | Kris Sayce | 0 comments | Continued
The Economy Needs REAL Growth
But after seventeen years of economic growth in Australia, the market is trying not to grow. Unfortunately, the united efforts of the boffins in government, industry and pressure groups are trying to prevent this natural contraction in the market. And that’s a threat to one vital part of the economy – but I’ll get to that in a moment.
March 11th, 2009 | Kris Sayce | 2 comments | Continued
The Path Towards Rampant Inflation
And unfortunately, each idea leads us down the same path. It is the path towards rampant inflation. Many times in recent months I have written to Money Morning subscribers about the threat of inflation (you can read some of those thoughts in the essay below). Each time we write about it we think “That’s all there is to write about, policy makers couldn’t possibly make things worse.”
March 11th, 2009 | Kris Sayce | 2 comments | Continued
Australia’s Next Big Export Industry
It may seem like a strange time to be talking up the resources sector, but while everyone else is running away I’m nipping in through a side door to get onboard one specific area of the resources industry. I’m talking about energy. But it’s not oil that’s grabbed my attention. It’s something much more exciting and potentially much more profitable than that. So profitable in fact, that it could soon be Australia’s single largest export industry…
January 28th, 2009 | Kris Sayce | 4 comments | Continued
Gold, Commodities and Markets
The gold price has outperformed all other commodities and markets during the last twelve months. It’s not surprising when you look at the uncertainty in stock markets and commodities markets. In contrast gold is giving investors plenty of certainty. Last August Bill Bonner wrote in the Daily Reckoning: “On Friday, the meltdown of gold and commodities continued. Oil slipped $1.35. The commodities index, the CRB, fell below 500…
January 24th, 2009 | Kris Sayce | 1 comment | Continued
Real Estate Brokers: The Latest Victims of the Housing Crunch
What are real estate brokers driving these days? Well, based on a very small sample of two brokers seen at an ‘open for inspection’ last weekend, they are driving a six-year old Holden Commodore and three-year old Holden Astra. Read on…
December 20th, 2008 | Kris Sayce | 11 comments | Continued
LNG – The Energy Play for 2009
Liquefied Natural Gas. It is most commonly known as LNG. It has the potential to be one of Australia’s major exports in the next twenty years. As we draw towards the end of 2008 we are starting to prepare the ground for what we will serve up to our subscribers of the Australian Small Cap investigator (ASI) in 2009. Read on…
December 6th, 2008 | Kris Sayce | 0 comments | Continued
Small Caps to Lead the Way in 2009
Probably the biggest story this week was the end of what was destined to be the merger of the century. Aside from all the why’s and wherefore’s about what went wrong with the merger, it also elicited the greatest number of marriage/engagement/divorce metaphors in the history of journalism…
November 29th, 2008 | Kris Sayce | 1 comment | Continued
The Best Time to Invest in the Market in 5 Years
“Stock Market Crisis”…”Market Meltdown”…”Stock Market Crash”…”Government Bails Out Banks”…”Credit Crisis”. Those seem to be the only type of headlines we’ve seen during the last few months. There have been very few bright spots. It has culminated – so far – with the S&P/ASX 200 having fallen by 50% since the market peaked in November 2007. Because of that we have reassessed all of the positions in our Australian Small Cap Investigator portfolio…
November 25th, 2008 | Kris Sayce | 1 comment | Continued
Oil Prices Go Up Based on Hurricane Fears
After the almost relentless bullishness of the markets since the end of February, the last few days seem to have taken on a slightly different shape. Are we really entering bearish waters? Or is it just the typical nerves that one sees when the market does continue to record ever higher and higher highs? Already [...]
May 25th, 2007 | Kris Sayce | 0 comments | Continued
Platinum Asset Management Gains 76% While Greenspan States the Obvious
The big story yesterday was the remarkable (or maybe obvious) performance of Platinum Asset Management as the company listed on the Australian Securities Exchange for the first time. With an IPO price of $5, and plenty of interest from retail and institutional investors, it was no real surprise that the company’s share price added 76% [...]
May 24th, 2007 | Kris Sayce | 0 comments | Continued
