Affluence Members Insights

As at December 2015 we have largely completed the Affluence Fund portfolio implementation and consider the Fund to be reasonably well diversified. The Fund is invested in 9 underlying managed funds accounting for 68% of the portfolio and 13 listed investment companies …

Microequities first came to our notice around 2 years ago when we started seriously doing research for the Affluence concept. Right off the bat they showed many of the qualities we admire in a great fund manager. In addition to delivering great returns, they were operating in a specialist area and hold a high-conviction portfolio. The principal, Carlos Gill was substantially invested in the Fund and had a great background both in Australia and overseas. Most importantly, they have shown themselves to be remarkably resilient in market corrections, something that is somewhat unusual in this space.

We seek to construct a diversified investment portfolio across different asset classes for the Affluence Fund. We do this by investing in a number of different types of funds run by, in our opinion, the best managers available in Australia. We …

One of the doyens of Value Investing is Jeremy Grantham from GMO. He is most famous in Australia for declaring we have a housing bubble. He’s probably right, but I suspect it will take a while longer yet for that particular …

We read a lot of market information and commentary here at Affluence. Much of what is out there is mundane, boring even. Tim Price, luckily for us, is not and his regular articles normally also contain a hint of humour to help get us through the day. The quote above from Tim has rather succinctly summed up the current problem with Bond markets worldwide.