Mclowd news on self managed super funds and SMSF software.
Welcome to the Mclowd Trustee User Update. This is already shaping up as the deepest dive on record for the global economy for over 100 years,” said Harvard University economist Kenneth Rogoff. Everything depends on how long it lasts, but if this goes on for a long time, it’s certainly going to be the mother […]
Welcome to the Mclowd Community Newsletter. Only with the inflation of the 1950’s (more than 4% per year) and above all the 1970’s (nearly 15% per year) did Britain’s debt fall to around 50% of GDP. Thomas Picketty, Capital in the 21st Century, p133 Introduction In 1950 – having waged two world wars without recourse […]
Welcome to the Mclowd Community Newsletter. According to McKinsey & Co, global banks made $US280bn in fees from transferring money around the world in 2018. This week I spoke to Harsh Sinha, the chief technology officer of one of the new disrupters in this business, London-based Transferwise, which is now moving £5bn a month for […]
Welcome to the Mclowd Practitioner Update. Bonds and cash are the safe haven assets for (people who are already retired, or are close to retirement) and returns on these have been dismal and are expected to remain subdued in what has become known as the ‘lower for longer’ environment. How to deal with retirement anxiety, […]
Welcome to the Mclowd Community Newsletter I think this will be an abnormally low-return decade,” warned Andrew Sheets, chief cross-asset strategist at Morgan Stanley. Mr Sheets pointed out that expected returns have looked low before, only to be ‘bailed out’ by central banks’ easing policy, which pushed prices up ever higher. But that practice just […]
Welcome to the Mclowd Community Newsletter If the Australian Government fails to take sufficient action to reduce the country’s Carbon Risk Profile, domestic and international investors can be expected to address the issue by demanding a ‘Carbon Risk Premium’ for investing in Australia, and in doing so driving shifts in activity which favour markets which […]
Welcome to the Mclowd Community Newsletter Introduction A friend of mine recently took a trip with Uber. Notwithstanding that the transaction was effected via Uber, the driver spent the entire time promoting alternative ride-hailing platform Didi. That such an outcome could occur is not surprising, given that: Didi charges drivers a commission which is 80% […]
Welcome to the Mclowd Trustee User Update. Perth father and small businessman Michael Coghill says he spends less than $1000 a year running his self-managed superannuation fund, thanks largely to low-cost accounting software. SMSF cost debate: are they really that expensive?, AFR 26th Oct Introduction Over the weekend the AFR Smart Investor magazine weighed into […]
Welcome to the Mclowd Practitioner Update. Nick Scali surprised the market with a gruesome trading update, citing store traffic down 10-15%…Profit guidance for the half was downgraded 28%. From a macro viewpoint, its scary stuff. AFR Rear Window, October 16 Introduction In recent months practitioners have been signing up to Mclowd on average every 36 […]
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