If you haven’t figured out the investing world has changed…if you haven’t figured out that you need to adjust to the current environment…well, we’ve got some bad news for you. Get used to it. The reality is that investors can’t afford to invest in the conventional way in this volatile market. And neither can they afford to avoid the market completely.June 27th, 2013 | Kris Sayce+ | 2 comments | Continued
Archive 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.
William Knox D’Arcy wasn’t the only investor in the Mt Morgan gold mine. Another investor was Walter Russell Hall. And after Hall died, of his nearly £3 million estate, his wife set aside one-third of it to commemorate his life and fund good causes.January 21st, 2013 | Kris Sayce+ | 1 comment | Continued
Editor’s note: Today’s Reckoning comes from Money Morning Editor Kris Sayce, currently up in Sydney at The Gold Symposium talking about all things shiny and yellow with your regular editor Dan Denning…
Live from the Gold Symposium in Sydney…November 14th, 2011 | Kris Sayce+ | 4 comments | Continued
What drives progress? The answer is simple. And it probably won’t surprise you. But it’s hard to focus on progress when all you see is regression.The Financial Times headlines, “Italy turns to China for help in debt crisis”. The Age says, “Retailing to go from ‘bad to worse’”. And Bloomberg News reveals, “BofA [Bank of America] to Slash 30,000 Jobs in Cost-Cutting Plan”.September 13th, 2011 | Kris Sayce+ | 6 comments | Continued
The spin continues. Today’s The Age reports, “ANZ bumper proft [sic]”. We assume a “proft” is the same as a profit. The paper explains: “ANZ Bank has posted a record first-half profit of $2.664 billion, up 38 per cent on the corresponding period last year…May 3rd, 2011 | Kris Sayce+ | 8 comments | Continued
It’s an argument we see and hear all the time in Australia – “Spend on roads, spend on ports to reduce bottlenecks, spend on schools,” and so on. Well, if you want to see the longer term impact of infrastructure spending and how it isn’t the golden egg laying goose, just take a look at America today.September 23rd, 2010 | Kris Sayce+ | 26 comments | Continued
It would mean that the hundreds of thousands of dollars, or even millions of dollars that you’ve accumulated in your superannuation fund would be compulsorily acquired by the government on your retirement and in return you would get an Aged Pension MkII.
The worst thing about it is that it was a commissioned submission…December 11th, 2009 | Kris Sayce+ | 24 comments | Continued
Those are just four messages out of 3,860 posted on the Copenhagen Climate Change Conference website.
Reading just a handful of those messages – all in favour of world leaders “doing something” of course – it’s no wonder bureaucrats and politicians of the world believe they’ve got a mandate to rip billions of dollars from the hip pocket of the world’s taxpayers.December 7th, 2009 | Kris Sayce+ | 23 comments | Continued
Maybe she didn’t support an effective 30% compulsory super contribution after all. Time for some humble pie we thought.
And then we ‘un-thought’ the idea of eating some humble pie.
It seems that rather than coming to the wrong conclusion, instead we made a schoolboy error by quoting the wrong part of the submission.September 24th, 2009 | Kris Sayce+ | 24 comments | Continued
Look, there’s nothing wrong with looking for the perfect solution to something, we try to do that all the time. There is one difference though. We favour getting rid of regulations, taxation and compulsion and letting free enterprise and dare we say it, the individual make their own choices.September 23rd, 2009 | Kris Sayce+ | 23 comments | Continued
Their report makes some of the right noises, “The dollar-based reserve system is increasingly challenged.” Hmm, a slight understatement there. If “increasingly challenged” is a euphemism for “dead” then we’d agree.
But we don’t think that’s what they mean.September 10th, 2009 | Kris Sayce+ | 38 comments | Continued
Regularly we receive emails into the Money Morning mailbag asking us for advice on whether the reader should buy a home now, or sell their home now.
Our response is always the same – no response. That’s because unfortunately our licence prohibits us from offering personal financial advice. All we can do is keep things nice and general in these emails.August 25th, 2009 | Kris Sayce+ | 42 comments | Continued
As we said at the ‘Australia in the Red’ debt summit, “recovering from what?” For something to recover you generally need to show symptoms of sickness. So far all the Australian property market has shown is a couple of spots.
But these ‘spots’ are potentially hiding something much, much worse.August 7th, 2009 | Kris Sayce+ | 34 comments | Continued
What happens if spending doesn’t pick up? Because businesses have brought forward all their investment to today. Don’t forget, there are still forecasts for unemployment in Australia to rise above 7.5% – some have even forecast closer to 10%. Companies are laying off staff, and corporate and government borrowing must still be repaid…June 23rd, 2009 | Kris Sayce+ | 17 comments | Continued
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 | Continued