How hard can this investing lark be anyway? Hacks might have the knack.
How hard can this investing lark be anyway? A couple of weeks ago, asset consultant Watson Wyatt held its annual shindig for the great and the good of the superannuation and funds management industry at the salubrious Westin Sydney.
Integral to this day of learning is a market game that saw 14 tables each with 10 finance professionals battle it out to see who could create the portfolio with the most added value.
Did eyeFA say 14? Well, there was one late entrant, a table of only five journalists, including one from this humble publication, who decided to take on the moneymakers at their own game.
More than ably assisted by Watson Wyatt Australian equities head Jignasa Patel, the hacks came within a whisker of taking out the grand prize, coming a very credible second and picking up some bubbly for their trouble.
In Part 2 of our exclusive series, we ask leading names to nominate their best investments, the most effective industry group and the importance of platforms.
A former colleague of mine once offered the opinion that industry superannuation funds are reconstructed socialists - despite their union influence, these funds have grown and benefited from a global capitalist world.... read more »
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