Wry & Dry #33 FY-24. Back to the Future. Naked opportunism. Exempt me from 30% super tax.
Yesterday, Albo hopped into his flux-capacitor driven DeLorean and flew Australia back to the 1950s. Where it will convert into an FJ Holden world of tariffs and high costs.
Albo’s uncosted ‘Future Made in Australia policy’ dwarfed last week’s heady announcement of $1 billion of we-the-taxpayers’ money going to the feel-good cause of manufacturing solar panels. This is “No Australian child will ever live in poverty” (they still do) revisited, touched with “We will plant one billion trees” (we didn’t).
Optimistic optimism: strong returns to both Australian and global equities
This week’s Investment Matters will focus on different asset classes, their relative performance, and our broad thoughts on the implications of tactical asset allocation decisions.
When we survey benchmark performance, we see that Australian and Global equities portfolios have delivered returns well above expected long-term returns for those asset classes this financial year.