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14 Nov 2018 (TheAge,SMH,MONEY) – ‘Lazy’ advisers push Australians to invest overseas

[Comment: Here are some an interesting comments about investing local versus overseas, and whether to diversify your portfolio, or include managed funds, or even heed the “advice” of your financial planner.]

(14 November 2018, The Age, SMH, MONEY supplement, p2, by Marcus Padley)

‘I remember going to New York in 2006 and John, my Wall Street broker host, asked me all about the Australian resources stocks. He could talk about Fortescue Metals in detail and knew who Andrew “Twiggy” Forrest was. I went back to New York last year and stayed with John again. But this time when I asked him what Australian stocks he was following his reply was, “None, Australia is so 2007”. The Australian market had its international moment of relevance during the resources boom, but it has gone, it was a moment. Since the end of 2009 the All Ordinaries index has dramatically underperformed the S&P 500, a large part of that under performance can be put down to the unwinding of the resources boom. But more relevant has been the boom in…’



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