Can Self-Managed Super Funds trade shares? Are there any restrictions?
By Stephen Karpin, managing director of CommSec Question: Can Self-Managed Super Funds trade shares? Are there any restrictions? Response: Self-Managed Super Funds (SMSFs) are the fastest growing area of the superannuation industry in Australia. This is because they offer a range of possible advantages over other super funds, including greater control over how their assets…
Dividend imputation and super funds: debunking the myth
By Wealth Foundations Many investment advisers and accountants who provide advice to self managed super fund clients insist on investing in shares that pay fully franked dividends. We’re not sure why. Perhaps they believe in some magical additional benefit that dividend imputation credits offer super funds. It’s a pretty simplistic approach to investing which has…
18 Share Tips – 8 October 2012
Marcus Obermeder, Ord Minnett BUY RECOMMENDATIONS Blackmores (BKL) Chart: Share price over the year to versus ASX200 (XJO) I continue to like the BKL business model as it remains conservatively managed, offering significant medium-term growth opportunities. Expect to see solid growth for financial year 2013, driven by acquisition FIT-BioCeuticals, continuing growth in its established Asian…
18 Share Tips – 3 October 2012
James Georges, Octa Phillip Securities BUY RECOMMENDATIONS Newcrest Mining (NCM) Chart: Share price over the year to versus ASX200 (XJO) We like this low cost gold and copper producer at $27 levels at the end of September. If you’re looking for a proxy on the gold price in equity markets, Newcrest is our preferred exposure…
Beware Of Mining Stocks With Too Much Debt
Many Aussie miners are sitting on scary levels of debt – so when Fortescue Metals went into a trading halt over its burgeoning debt less than two weeks ago, investors in mining-related stocks watched closely. The day before the trading halt, Fortescue’s share price fell considerably and the ASX queried the drop. Some speculated that…
18 Share Tips – 24 September 2012
James Cooper, Morningstar BUY RECOMMENDATIONS Alumina Limited (AWC) Chart: Share price over the year to versus ASX200 (XJO) A weak 2012 first half has resulted in a much weaker profit outlook for financial years 2012 and 2013. But,importantly, operating cash flows remain positive at a time when it’s hard to see things getting worse.The longer-term…
The cracks in Australia’s superannuation nest egg
By Michael Rafferty, University of Sydney Think the share market volatility doesn’t affect you? Guess again. With almost 60% of Australian superannuation funds invested in shares, anyone paying compulsory super contributions has something to lose from the current ructions. University of Sydney superannuation expert Mike Rafferty explains why all of us, young and old, should…
18 Share Tips – 17 September 2012
Darren Jackson, Calibre Investments BUY RECOMMENDATIONS Sirius Resources (SIR) Chart: Share price over the year to versus ASX200 (XJO) A blue-sky nickel and copper explorer that’s made exponential gains on the back of its Nova discovery in Western Australia. SIR represents a high risk, high return speculative play. However, we expect further near-term upside…
Accountants Are Not Always People You Can Trust
Something seems out of whack when you can buy a new push bike for your child for the same price it costs an accountant to leave ‘please call me back’ messages on your voicemail. Push bike versus empty voicemail messages? Hmmm…which offers more value? Something seems out of whack when an accountant can bill indiscriminately…
You may be quietly lining up to lose on your superannuation
By Mark McGovern, Queensland University of Technology Silence surrounds significant changes to your superannuation. While the changes affect many, experienced staff in universities and similar institutions are particularly vulnerable. The halving of the contribution cap for those over 50 to $25,000 and the relatively more significant role of superannuation arrangements in university remunerations mean that…
