Greetings!
We hope that this email finds you well and you have had an enjoyable festive season and New Year.
Welcome to the first edition of The Financial Fortnight That Was for 2009.
In this edition we:
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consider the benefit of Australian share income over time,
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take a look at the ASX 200 contituent list,
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provide a summary of the movements in markets over the past fortnight including 3, 5 and 10 year return history,
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look at whether the beginning of 2009 is the time to be considering a more conservative superannuation investment allocation,
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introduce a new online forum - The Fama/French Forum,
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provide links to Scott's latest Eureka Report article, and
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update the 3 Factor Model in Action graphs to the end of December 2008.
Enjoy the read!! |
A Quote for Consideration
"Why does indexing outmaneuver the best minds on Wall Street? Paradoxically, it is because the best and brightest in the financial community have made the stock market very efficient. When information arises about individual stocks or the market as a whole, it gets reflected in stock prices without delay, making one stock as reasonably priced as another. Active managers who frequently shift from security to security actually detract from performance [compared to an index fund] by incurring transaction costs."
Burton G. Malkiel Chemical Bank Chairman's Professor of Economics, Princeton University, The Wall Street Journal |