Ask the average person and they’d probably assume a balanced portfolio was split half and half between growth and defensive assets. In the financial world, there’s a little more flexibility in the definition.
Paul had gone to visit his sister and his nephew. He’d walked into a financial battle between Mother and 11-year-old son over the game Fortnite. You might say she had a fiduciary duty to the young lad in moments of madness, but he wasn’t having a bar of it.
The ‘active versus passive’ debate in funds management is a guaranteed space filler in the financial media, but it would help the general public if those making the comparisons got their facts straight.
A study by University of California San Diego finance professors, Joseph Engelberg and Christopher Parsons delves a little deeper into this link between finances and health.
Ultimate Fighting step aside because the biggest blood sport in recent weeks has been the Banking Royal Commission. Banks and financial institutions have been belted, executives smashed and conflicted financial advisers guillotined. All with good reason.
The assumption is that these companies will continue to pump out a reliable dividend stream and there’s not a second thought about a sudden cut to that dividend. But Telstra did just that in August last year.
