Some of the fees charged by local investment advisors, such as local accountants, seem more than hefty. Particularly when investments are in equities. Often there is a fixed fee of around $300 per month or $3600 per year. There is also often a trailing fee of 1% of the value of the portfolio. Thus on a $1m investment with gross earnings of 5% the total annual fees would be $13,600 which, ignoring taxes, would be 25% of the total return.
Articles from Harry Clarke
The best deal offered so far in the ongoing conflict with North Korea comes from China. It is: Abandon your nukes and we will offer you protection. This gives the North what it wants, namely, protection from externally-imposed regime change.
One useful issue raised by Tony Abbott, Dick Smith and, with less coherence, by Pauline Hanson, is the size of Australia’s immigration intake. Do we want cities of Melbourne and Sydney to have populations of 8 million by 2050? Do we wish, under a high immigration intake scenario, seek to double our total population by then? I definitely don’t.
The web and social media, such as FB, comprise an innovation that, in some ways, makes us all worse off. For example, FB undermines the printed media because individuals almost endlessly provide hyperlinks to it, thereby providing an open access alternative to buying the content by, for example, purchasing a newspaper.
Kenneth Arrow was, with Paul Samuelson, one of the two greatest economists that the world has known since at least the time of Lord Keynes. I read of his death at age 95 this evening. An astonishing man, he wrote on a myriad of aspects of modern economics and he wrote well and with great insight.
Vietnam is the second largest coffee exporter but its coffee has a low international reputation and much of it ends up in instant coffee brews. In fact, there is a substantial coffee culture in Vietnam with (non-alcohol serving) coffee shops operating everywhere (I made the unspeakably bad error of judgment of asking for a beer in one – I got it though the owner had to raid her husband’s supplies!).