A KPMG tax partner has applied a MySuper-style asset allocation philosophy to punting ahead of today’s ‘race that stops the nation’.
KPMG tax partner Damian Ryan has been given the task of developing a low cost “MyMelbourneCup product” – a default betting option with a diversified investment option akin to MySuper products – and has put together the following asset allocation for today’s race at Flemington:
Similarly, my advice to the investment managers within each sector is that:
So with this in mind (and having to come up with my selections prior to the final field being declared before Derby Day), my MyMelbourneCup default option is as follows:
Good luck and happy punting”.
Mr Ryan added that the “guide is of a general nature only and should not be relied on”.
The regulator has banned a financial adviser for five years and cancelled his firm’s AFSL. The Australian Securities ...
The lack of visibility and consistent regulatory instability are stopping prospective talent from entering the advice ...
The introduction of Rhombus Advisory has caused a shift in the top advice licensees as Insignia separates its advice ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin